A portfolio has a beta of 1.7 and an actual return of 14.5 percent. The risk-free rate is 3.5 percent and the market risk premium is 8.2 percent. What is the value of Jensen's alpha?

Select one:

a. 1.14 percent

b. 1.23 percent

c. 3.01 percent

d. 1.01 percent

e. 2.94 percent