Question: Saved Ch 11-12) Problem 11-18 An index model regression applied to past monthly returns in Ford's stock price produces the following estimates, which are believe
Saved Ch 11-12) Problem 11-18 An index model regression applied to past monthly returns in Ford's stock price produces the following estimates, which are believe to be stable over time: - 0.1% + 1.10 Book If the market index subsequently rises by 7.2% and Ford's stock price rises by 7%, what is the abnormal change in Ford's stock price? (Negative value should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to 2 decimal places.)
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