Using CAPM, determine the amount of (Jensens) alpha generated by a manager who has a portfolio that returned 10.54%, that has a beta of 1.15, the equity risk premium is deemed to be 8.55%, and the risk free rate of return is 0.25%?

If the beta of the portfolio was 0.94, what return would the manager have to have generated to maintain the same level of alpha? What is the level of the Return of the Market?

	a.	There is insufficient information to answer the questions
	b.	Alpha of 4.09%, portfolio return of 13.54%, and Rm = 6.75%
	c.	Alpha of 4.09%, portfolio return of 10.54% and Rm = 6.75%
	d.	Alpha of 0.46%, portfolio return of 8.74%, and Rm =8.80%