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You buy one share of Matts Amazing Teaching Technology Co. (ticker = MATT) on January 1 st , 2018 for $20 per share. On January

You buy one share of Matts Amazing Teaching Technology Co. (ticker = MATT) on January 1st, 2018 for $20 per share. On January 1st, 2019 you sell your share for $24 per share. MATT stock has a beta of 1.6 and its standard deviation is 34%. The risk-free rate is 3%, and the market return was 12%. What was the alpha of this position?

a. 17.4%

b. 2.6%

c. 0%

d. 3.1%

e. 1.4%

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