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A mutual fund earned an average annual return of 7.6% over a 5-year period. During that time, the average risk-free rate was 1.5% and the

A mutual fund earned an average annual return of 7.6% over a 5-year period. During that time, the average risk-free rate was 1.5% and the average market return was 10.6% per year. If the fund had a portfolio beta of 0.7, what was its CAPM alpha? Answer in percent, rounded to one decimal place.

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