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National Investments Fund earned 13.4% last year. In comparison, the market index returned 10.1% and the return on long-term Commonwealth bonds was 6.7%. If the

National Investments Fund earned 13.4% last year. In comparison, the market index returned 10.1% and the return on long-term Commonwealth bonds was 6.7%. If the standard deviation of returns was 26% for the fund and 15% for the market index, with a correlation coefficient between the fund and the market index of 0.45, what is the measure of Jenson's alpha for the National Investments Fund?

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