Question $15$

$5$ pts

Jensen's Alpha is a measure of superior or inferior performance. Assume that a regression is run on the "raw" returns $($not the excess returns above and beyond the risk$-$free rate$)$ of an investment portfolio and you get:

Intercept $=0\mathrm{.}037650$

Slope $=1\mathrm{.}17231$

The risk$-$free rate is $3$ percent. Determine by how much the portfolio outperformed the market. Enter your answer in decimal format, truncated to $4$ decimal places. For example, if your answer is $5\mathrm{.}236\%,$ enter $"0\mathrm{.}0523".$

Question $16$

$5$ pts