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You've analyzed IBM's stock and your personal expectation is that it will deliver a return of 7% over the next year. The stock has a

You've analyzed IBM's stock and your personal expectation is that it will deliver a return of 7% over the next year. The stock has a beta of 0.8. The risk-free rate is 2.5% and the expected market risk premium is 4.5%. What is the security's expected alpha? Enter your answer as a decimal.

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