What is the estimated alpha for Fund ABC?

What is the estimated beta of Fund ABC?

Is fund ABC more or less risky than the market? Briefly explain.

11. Suppose you have 5-year annual data on the excess returns on a fund manager's portfolio (fund ABC) and the excess returns on a market index (where l'ABC is the return on fund ABC, r, is the risk-free rate and I'm is the return on the market index): Yeart Excess return on fund ABC Excess return on market index "ABC, -14 M.-15.1 1 14.0 16.0 2 32.0 21.7 3 11.6 6.0 4 21.2 16.2 5 17.4 11.0