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A mutual fund earned an average annual return of 9.5% over the last 5 years. During that time, the average risk-free rate was 0.8% and

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A mutual fund earned an average annual return of 9.5% over the last 5 years. During that time, the average risk-free rate was 0.8% and the average market return was 6.9%. If the fund has beta of 0.91, what was its annual alpha? Answer in percent, rounded to two decimal places. (e.g.4.32%=4.32)

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