Annualized performance data regarding the Freedelity Fund and the market over the past 10 years is followy: Freedelity Fund return 12% Freedelity Fund beta =1.35 S\&P 500 retum - 10% Risk free rate =3%, Which of the following best describes thir situation? The Freedelity Fund under-perforined the market after adjusting for systemutic risk. The freedelity fund's CAPM alpha was 0.45% per year. All statements accurately reflect this situation. The Freedelity fund added value since the fund's return exceeded that of the 5.5s500br2%ber year. The Funds results over the past 10 years provide conclusive evidence that morkets are sens--brong efhcient