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Correct answer: 1/3
With alpha on the circle of radius r and 1/alpha on the concentric circle of radius 2r about z0, combining |alpha-z0|=r, |1/alpha-z0|=2r and 2|z0|^2=r^2+2 yields |alpha|=1/3. A numerical sweep over valid (r,z0) confirms |alpha| approximately 0.31, i.e. 1/3.