( please refer to the folder Excel Files on Blackboard for the required monthly returns and factor data for these data problems)

1) Use the Fama and French 3-factor model to estimate and interpret the loadings on the three risk factors and abnormal returns or alpha for the following three mutual funds:

A) Fidelity Magellan (FMGX): Large Cap Fund

B) Fidelity Low Price Stock Fund (FLPSX): Mid Cap Fund

C) Baron's Small Cap Stock Fund (BSCFX): Small Cap Fund