Consider a long-short mutual fund that follows a dollar-neutral value-growth strategy. The fund has a MV(Long) + MV(Short) maximum (gross) leverage constraint of 1.75 (i.e., _ Gross 51.75). The fund Equity Capital (NAV) seeks to have the following fixed weights: +50 % large-value stocks, +37.5 % to small-value stocks, -50 % to large-growth stocks and -37.5 % to small-growth stocks. Compute the annualized abnormal return for the value/growth strategy. Small Growth Small Value Large Growth Large Value Annualized a -2.51% 3.42% -1.01% 1.45% Consider a long-short mutual fund that follows a dollar-neutral value-growth strategy. The fund has a MV(Long) + MV(Short) maximum (gross) leverage constraint of 1.75 (i.e., _ Gross 51.75). The fund Equity Capital (NAV) seeks to have the following fixed weights: +50 % large-value stocks, +37.5 % to small-value stocks, -50 % to large-growth stocks and -37.5 % to small-growth stocks. Compute the annualized abnormal return for the value/growth strategy. Small Growth Small Value Large Growth Large Value Annualized a -2.51% 3.42% -1.01% 1.45%