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AlcornCo S&P $500$

Recent price $$28$ $ $290$

Forecasted dividend $ $1\mathrm{.}50$ $ $9\mathrm{.}00$

Growth in dividends & earnings $5\mathrm{.}7\%7\mathrm{.}0\%$

Forecasted EPS $ $3\mathrm{.}40$ $$16\mathrm{.}50$

P$/$E ratio based on next year$$s earnings $1817\mathrm{.}6$

Dividend Yield $4\mathrm{.}5\%3\mathrm{.}0\%$

Beta $1\mathrm{.}181\mathrm{.}0$

$3.$ If the expected return of the market is $9\%$ and the return on US T$-$Bills is $3\mathrm{.}5\%,$ and the actual return of AlcornCo is $12\%,$ what is its alpha $($in $\%$ terms e$.$g$.,\mathrm{.}0341=3\mathrm{.}41\%)$