***Use the following output of the APT (Fama-French 3 factors) model to see whether the emerging market fund generates alpha. Please comment on the statistical significant on all the coefficients based on a 95% chance of t-statistic.

Coefficients;Standard Error;t Stat;P-value;Lower 95%;Upper 95%;Lower 95.0%;Upper 95.0% Intercept 0.0073 0.0034 2.1681 0.0320 0.0006 0.0140 0.0006 0.0140 Mkt-RF 1.2786 0.0799 15.9966 0.0000 1.1204 1.4367 1.1204 1.4367 SMB 0.0427 0.1504 0.2835 0.7772 -0.2550 0.3403 -0.2550 0.3403 HML -0.0501 0.1398 -0.3582 0.7208 -0.3267 0.2265 -0.3267 0.2265

The Alpha = _??__; At 95% chance of t-statistic, can we rejecting the null? (95% confidence level, T-stats is 1.96) A) Alpha is 0.0073 and is not significant B) Alpha is 0.0034 and is not significant C) Alpha is 0.0073 and is significant D) Alpha is 0.0034 and is significant