5 parts to one question!!!

rfr = risk free rate

pls provide work if possible

55. The yearly returns of Apple Fund (in excess of the rfo), are 5%, 6.32%, -5.20%. The yearly returns of Bayk Fund (in excess of the rfo), are 0%, 1.32%, -10.20%. During that same period, the mkt portfolio has excess returns of 5%, 7.20%, -12%. Apple Fund Bayk Fund Market excess excess return return return Year 1 5.00% 0.00% 5.00% Year 2 6.32% 1.32% 7.20% Year 3 -5.20% - 10.20% -12.00% excess The rfr is 3% per year. a. What is Apple's alpha? b. What is Bayk's beta? c. Which fund has most systematic risk (apple, bayk, neither, or both)? d. If I can hold long positions only in these funds, and expect fund managers to keep performing the same way against the market, which of the following options should I pick (apple, bayk, both, half& half)? e. Now suppose you can go either long or short (without paying fees), and still expect fund managers to keep performing the same way against the market. You think the market can either move +5% or -2% next year, but you do not know with what probability. Which of these positions would give you the highest expected return? 1. Long BAYK Fund, short APPLE fund in the same proportion 2. Long BAYK Fund only 3. Long APPLE Fund, short BAYK Fund in the same proportion 4. Long APPLE Fund and BAYK Fund in proportion of their market value f. Assuming you follow your (correct) answer to question 9, what would be the market beta of your portfolio