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Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1.48 and an alpha of –.23% per...

Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1.48 and an alpha of –.23% per month. A month later, the market is up by 5.3%, and United Futon is up by 6.3%. What is Futon’s abnormal rate of return? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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Given United Rutonis Commonstock beta 21.4 - -0-23 Alpha when tha market vetums rarses Dy S.3/ Futon Actual returna - 6.3/ (A

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