To estimate the cost of equity for Apple, go to finance.yahoo.com and enter the ticker symbol ‘AAPL’. Follow the various links to find answers to the following questions: What is the most recent stock price listed for Apple? What is the market value of equity or market capitalization? How many shares of stock does Apple have outstanding? What is the beta for Apple? Now go back to finance.yahoo.com and follow the ‘Bonds’ link (on the left menu click on the ‘Market Data’ link and then click on the ‘Bonds’ link). What is the yield on 3-month Treasury Bills? What is the yield on the 10-year Treasury Bond? Using the CAPM, calculate the cost of equity for Apple using a 7 percent market risk premium and using the yield 3-month Treasury Bills and the yield on the 10-year Treasury Bonds as proxies for the risk-free rate. Does it matter if you use the yield on 3-month Treasury Bills or the yield on 10-year Treasury Bonds in this case?