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The following data is available relating to the performance of a hedge fund and the market portfolio. The risk-free rate of return during the sample

The following data is available relating to the performance of a hedge fund and the market portfolio. The risk-free rate of return during the sample period was 4.07%. What is the Jensen measure of performance evaluation (in percentage) for the hedge fund?

Hedge Fund Market Portfolio
Average return 11.14% 9.53%
Standard deviations of returns 38.10% 8.96%
Beta 1.34 1.00

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