A mutual fund earned an average annual return of 11.5% over the last 5 years. During that time, the average risk-free rate was 0.6% and the average market return was 7.8%. If the fund has beta of 0.74, what was its annual alpha? Answer in percent, rounded to two decimal places. (e.g. 4.32%=4.32). Type your numeric answer and submit Hint Use the alpha formula from the section called "Evaluation of risky investments" Answered - Incorrect =1 attempt left