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Use the following data to evaluate the performance of Func K. Fund K:beta 1.58, expected return: 32%, standard deviation: 40% Market portfolio: expected return 18%,

Use the following data to evaluate the performance of Func K. Fund K:beta 1.58, expected return: 32%, standard deviation: 40% Market portfolio: expected return 18%, standard deviation 25% The risk-free rate: 6% Does Fund K have an abnormal return according to the Capital Asset Pricing Model (CAPM)? Why or why not? Explain. You should show all calculations to find the answer to earn full credit

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