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1 Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 161 and an alpha of -0.36% per month

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1 Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 161 and an alpha of -0.36% per month A month later, the market is up by 6.6%, and United Futon is up by 76% 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 ploces.) Rate of return

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