Consider the four-factor model as an economic factor model. The premium (i.e. average return) associated with each of the factors and the standard deviation of the factor returns is shown in the below table. Al- though it is not actually true, for these problems assume that the four factors are uncorrelated to each other. MKT-RF SMB HML UMD factor premium 0.65% 0.21% 0.39% 0.67% standard deviation of factor return 5.37% 3.21% 3.50% 4.74% Consider the stocks detailed in the below table. The expected returns are your own estimates based on the research you have done. Risk-free Stock A Stock B Stock C Stock D Stock E Stock F expected return 0.28% 1.50% 1.20% 1.40% 0.85% 1.70% 0.50% standard deviation of return 0% 7.80% 5.00% 7.20% 4.25% 9.55% 6.12% loading on MKT-RF 1.10 0.65 1.35 0.90 1.00 1.60 loading on SMB -0.50 0.30 0.65 -0.20 0.00 0.45 ooOO loading on HML 0.85 0.40 -0.60 0.25 0.52 -0.10 loading on UMD -0.22 0.10 0.45 -0.08 0.31 -0.48 Use these two tables to answer the below questions: 1. What is the alpha of each stock