Question: Use the following data: ret st.deviation beta Managed fund 23% 24% 1.1 Market 12% 13% 1 Risk free rate 1% What is the alpha of

Use the following data:

ret st.deviation beta
Managed fund 23% 24% 1.1
Market 12% 13% 1
Risk free rate 1%

What is the alpha of the fund?

Provide your answer in percent, rounded to two decimals, omitting the percent sign.

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