Intro An Investor analyzed 20 stocks listed on the FTSE and found that half of them have an alpha of 1.7% and the other half an alpha of -1.7%. All stocks listed on the FTSE have the market return as the common factor, and all of them have a beta of 1 on the market index. Also, firm-specific returns have a standard deviation of 47%. The investor decides to invest $5 million in an equally-weighted portfolio of 10 positive alpha stocks, and to sell short $5 milion in an equally- weighted portfolio of 10 negative alpha stocks. 1 Attempt 1/3 for 10 pts. Part 1 What would be the expected profit for the investor? 0+ decimals Submit Part 2 | Attempt 1/3 for 10 pts. Tehr