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A portfolio has a beta of 1.2 and an actual return of 15.7 percent. The risk-free rate is 3.5 percent and the market risk premium

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A portfolio has a beta of 1.2 and an actual return of 15.7 percent. The risk-free rate is 3.5 percent and the market risk premium is 6.3 percent. What is the value of Jensen's alpha? (Enter your alpha answers as a percent rounded to 2 decimal places (e.g., 0.22%).)

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