Question: A mutual fund earned an average annual return of 1.24% over the previous year. During that time, the average risk-free rate was 0.5% and the

A mutual fund earned an average annual return of 1.24% over the previous year. During that time, the average risk-free rate was 0.5% and the average market return was 2.11%. If the fund has beta of 0.3, what was its alpha during that period? Answer in percent rounded to two decimal places.

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