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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