MB mutual fund has had an alpha of 3% and a beta of 1.5 over the last year. If the risk-free rate has been 5% and the actual return for MB fund has been 17%, what has been the Market Premium over this same period according to Jensens alpha formula.

Group of answer choices

a. 6%

b. 6.33%

c. 8%

d. 11%

e. 11.33%