Pick the best option:

Portfolio As return is 15% p.a., the risk-free rate is 1.0% p.a., the market return is 10% p.a., the SMB portfolio return is 8% p.a., and the HML portfolio return is 11% p.a. The betas of portfolio A with respect to the market, SMB, and HML portfolios are 1.00, 0.70, and -0.30, respectively. Calculate the alpha of Portfolio A using the Fama-French 3-factor model.

1. A. None of the options provided.
2. B. 5.00%
3. C. 3.10%
4. D. 6.90%
5. E. 2.70%