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The expected return and standard deviation of the market portfolio are 10% and 25%, respectively. The risk-free rate is 5%. You have a portfolio with

The expected return and standard deviation of the market portfolio are 10% and 25%, respectively. The risk-free rate is 5%. You have a portfolio with a standard deviation of 20%, and a correlation with the market portfolio of 0.3. In the past 10 years, your portfolio experienced an average annual return of 10%. What is the alpha of your portfolio?

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