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Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1

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Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1.63 and an alpha of –0.38% per month. A month later, the market is up by 6.8%, and United Futon is up by 7.8%. 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.)