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An index model regression applied to past monthly returns in Ford's stock price produces the following estimates, which are believed to be stable over time:

image text in transcribed An index model regression applied to past monthly returns in Ford's stock price produces the following estimates, which are believed to be stable over time: rF=0.10%+1.1rM Required: If the market index subsequently rises by 7.4% and Ford's stock price rises by 7%, what is the abnormal change in Ford's stock price? Note: 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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