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Economy Fund had an expected risk-based rate of return (based on CAPM) of 14%. In one year, the fund returned 12%. So the alpha for
Economy Fund had an expected risk-based rate of return (based on CAPM) of 14%. In one year, the fund returned 12%. So the alpha for the Economy Fund was:
A) 12%
B) +2%
C) -2%
D) 14%
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