No one answered my question in the past 24 hours. :( Please, if you could help, that would be much appreciated. I just need help with part a in this question. I have posted the rest of the parts in other questions, too. Thank you in advance for your help, and I promise to give you a thumbs up for your time!

Q8. You obtain historical after-fee performance for an open-ended mutual fund ZZZ, and you regress the monthly excess returns on the 3-factor model to obtain the following results: 3 Fama-French 3F Coefficients Lower 95% Upper 95% Intercept 0.0052 Mkt -R (MKT) 1.560 0.562 0.761 0.0042 1.360 0.362 0.511 0.0062 1.760 0.762 1.011 SMB HML During the period the mutual fund operated, the average monthly return of MKT was 0.8%. of SMB 0.4%, and of HML 0.3%. For simplicity, we use MKT to denote the excess return of the market, i,e, MKT- Mkt - Rf, where Mkt is the market return. (a) Is the mutual fund over- or under- performing? By what standard? (b) What was the mut ual fund average excess return? (c) You have access to the MKT, SMB, and HML factor portfolios, as well as the risk free asset. Construct a portfolio that has the same risks (factor loadings) as the mutual fund. d) Continuing, what is the a of the new portfolio? (e) How would you use ZZZ and the MKT, SMB, and HML factor portfolios to create your own composite portfolio that has a with respect to the 3-factor model, but with all betas equal to zero