1. The Mambo Large-Cap Fund has yielded a return of 12.5% in the current year. The fund is
benchmarked to the large cap market index which yielded a return of 10.0%. The fund
manager however, took riskier bets during the year due to which the fund’s beta relative to
the index was 1.2. The fund’s alpha is closest to:
A. 2.5%.
B. 5.0%.
C. 0.5%.
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