You are provided some data about the market: The expected return of the market portfolio is 10.8%, the market's volatility is 13.4%, and the risk-free rate is 1.9%.

If the beta of LEVI is 1.56, according to the CAPM, LEVI should have some expected return. However, you think that LEVI has an expected return of 13.4%.

What do you think is the alpha of LEVI?

Over the last year, the market realized a return of 16.8%, while the risk-free rate was 4%. During this period, your own portfolio, which has a beta of 0.97, realized a return of 15.8%.

What was the realized alpha on your portfolio, based on the CAPM?