Analysis of $60$ monthly rates of return on United Futon common stock indicates a beta of $1\mathrm{.}48$ and an alpha of $0\mathrm{.}23\%$ per month. A month later, the market is up by $5\mathrm{.}3\%,$ and United Futon is up by $6\mathrm{.}3\%.$ 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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Abnormal return formula The abnormal return AR can be calculated using the following formula AR R... View the full answer