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Suppose that over the past year, a professional money manager held a portfolio whose beta was 1.8. If the portfolio's realized return was 10.5%, the
Suppose that over the past year, a professional money manager held a portfolio whose beta was 1.8. If the portfolio's realized return was 10.5%, the overall stock market returned 8.3%, and T-bills returned 2.4%, what was the ABNORMAL return for this manager's portfolio? Enter your answer as a decimal showing four decimal places. That is, if your answer is 5.25%, enter .0525.
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