Security A has an expected rate of return of 15.50% and a beta of 1.55. The risk–free rate is 2.25% and the market risk premium is 6%. What is the alpha of security A? Since return is calculated as a percentage, please calculate alpha as a percentage. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
