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Two investment advisers are comparing performance. One averaged a 20% return and the other a 17% return. However, the beta of the first adviser was

Two investment advisers are comparing performance. One averaged a 20% return and the other a 17% return. However, the beta of the first adviser was 2.0, while that of the second was 1.5. If the T-bill rate were 5% and the market return during the period were 14%, which of the following options is closest to their alphas?

+3.00% ; +1.50%

+3.00% ; -1.50%

-3.00% ; +1.50%

-3.00% ; -1.50%

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