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During the past five years, Portfolio A has had a mean return of 0.23 per quarter and a beta of 1.2. During the same time
During the past five years, Portfolio A has had a mean return of 0.23 per quarter and a beta of 1.2. During the same time period, the market averaged a 0.14 return, and treasury bills averaged a 4% return. The value of alpha () is
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