14. An index model regression applied to past monthly returns in General Motors stock price produces the
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14. An index model regression applied to past monthly returns in General Motors’ stock price produces the following estimates, which are believed to be stable over time:
rGM .10%1.1rM If the market index subsequently rises by 8% and General Motors’ stock price rises by 7%, what is the abnormal change in General Motors’ stock price?
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