Assume that the economy has three types of people, 20% are fad followers, 75% are passive investors, and 5% are informed traders. The portfolio consisting of all informed traders has a beta of 1.4 and an alpha of 4.86%. The market has an expected return of 10% and the risk-free rate is 4 % What is the alpha for the fad followers? Enter your answer as a percentage to two decimal places (ie. 0.12% rather than 0.0012; the percent sign is not necessary)