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Analysis of 60 monthly rates of return on Desperation common stock indicates a beta of 1.59 and an alpha of -0.34% per month. A month

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Analysis of 60 monthly rates of return on Desperation common stock indicates a beta of 1.59 and an alpha of -0.34% per month. A month later, the market is up by 6.4%, and Desperation is up by 7.4%. What is Desperation 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.) Rate of return X This is a numeric cell, so please enter numbers only

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