ex Fund Legg Mason Value Trust Fidelity Magellan Fund Janus Fund Fidelity Low-Priced Nicholas Fund -6.7% -7.4% -6.4% -8.0% -1.2% -6.6% 1.3% 2.6% 2.1% 0.2% 1.9% 1.4% 2.6% 1.7% 2.6% 4.3% 1.0% 3.2% -2.5% -3.5% -2.5% -1.6% -3.8% -2.2% 9.7% 6.8% 8.9% 12.7% 7.9% 9.2% -0.7% 0.2% 0.4% 1.4% 2.8% 0.6% -0.3% -1.7% -1.1% -2.5% -0.6% -2.4% -9.0% -11.0% -9.8% -10.1% -10.0% -10.2% -4.9% -10.1% -6.3% -1.7% -4.4% -6.2% -0.4% -1.2% -1.2% 0.1% -1.7% -4.1% 6.4% 3.8% 7.6% 4.2% 5.4% 9.1% 2.7% 3.1% 3.1% 2.1% 3.2% 5.3% 4.3% 4.9% 7.0% 6.2% 9.2% 5.6% 7.1% 6.0% 8.7% 6.6% 8.9% 9.5% 2.4% 1.6% 3.4% 5.2% 6.7% 4.0% 0.2% 1.2% 0.4% -0.1% 3.8% 2.7% 4.3% 4.0% 5.7% 2.5% 1.5% 4.4% -4.6% -4.1% -5.9% -3.9% -6.0% -4.3% 4.6% 6.1% 6.2% 7.0% 6.1% 3.6% 2.3% 3.6% 3.1% 4.1% 2.8% 3.1% On a single chart, plot the cumulative abnormal return () from the four-factor model for each of the six mutual funds over time. The can be estimated using the four-factor alpha (4) estimates from (4.a.i) and the estimated error from each month (,). I.e., for all , plot the cumulative abnormal return series for each mutual fund:=4+,1+4+,2++4+,=4+,=1What patterns to you observe? How does this differ from your answer in (3).