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A mutual fund earned an average annual return of 15.0% over a 5-year period. During that time, the average risk-free rate was 0.9% and the
A mutual fund earned an average annual return of 15.0% over a 5-year period. During that time, the average risk-free rate was 0.9% and the average market return was 6.0% per year. If the fund had a portfolio beta of 1.9, what was its CAPM alpha? Answer in percent, rounded to one decimal place.
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