ABC, 1 1. Suppose you have 5-year annual data on the excess returns on a fund manager's portfolio ("fund ABC') and the excess returns on a market index (where "Bc is the return on fund is the risk-free rate and is the return on the market index): Year Excess return on fund ABC Excess return on market index ABC -". 14.0 16.0 32.0 21.7 11.6 6.0 4 21.2 16.2 17.4 11.0 1 2 3 5 What is the estimated alpha ( a ) for Fund ABC? (1 Mark) 2- Given the data in Question 1, what is the estimated beta (B) of Fund ABC? (1 Mark) 3- Suppose that the unbiased estimator of the standard deviation of the disturbance (s) is 5.1. What is the nearest value to the standard errors of the estimated CAPM alpha (a ) of Fund ABC from Question 1? (1.5 Mark) 4- The estimated alpha () and beta () of a rival fund, Fund DEF, are 2.3 and 3.1, respectively. If the expected market risk premium is 12%, what would we expect the excess return of Fund DEF to be? (1.5 Mark)