Question: TE Question 8 Homework . Answered A mutual fund earned an average annual return of 10.5% over the last 5 years. During that time, the

 TE Question 8 Homework . Answered A mutual fund earned an

TE Question 8 Homework . Answered A mutual fund earned an average annual return of 10.5% over the last 5 years. During that time, the average risk-free rate was 0.7% and the average market return was 7.4%. If the fund has beta of 0.83, what was its annual alpha? Answer in percent, rounded to two decimal places, (e.g., 4.32% = 4.32). Type your numeric answer and submit

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