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Security A has a beta of 0.80. The market expected rate of return is 8%, and the risk-free rate is 3%. If the Security A

Security A has a beta of 0.80. The market expected rate of return is 8%, and the risk-free rate is 3%. If the Security A is observed with an expected return of 6.50%, the alpha of the stock is _________. Present your answer in % and two decimal places. For example, if the answer is 5.53%, input 5.53.

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