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Mr Wayne is evaluating his investment in Ace Chemicals, which returned 9 percent. Ace historically has carried a beta of 0.62 in a market that

Mr Wayne is evaluating his investment in Ace Chemicals, which returned 9 percent. Ace historically has carried a beta of 0.62 in a market that expects a premium of 5.6 percent. What was Mr Wayne's alpha if Treasury debt returned 2.57 percent?

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