We run regressions of the excess returns of the two portfolios (Value and Growth) on the market excess return and obtain the following results. The numbers in brackets are the t-statistics.

Portfolio Intercept MKT R-squared

Value 0.046(2.65) 0.95(16.65) 0.86

Growth -0.015(2.40) 1.11(20.42) 0.91

What is the value premium after controlling for CAPM?

	A.	0.052
	B.	0.061
	C.	0.06
	D.	0.038
	E.	0.064