Widget Manufacturing, Inc. has an average return of 14.7%, a beta of 1, and a...

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Finance

Widget Manufacturing, Inc. has an average return of 14.7%, a beta of 1, and a standard deviation of 39%. You know the risk-free rate is 2.4% and the market return is 9.3%. What is the alpha of Widget Manufacturing, Inc.? Enter your answer without the % symbol (so if your answer is 3.2%, type 3.2)

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