Analysis of 60 monthly rates of return on Hope common stock indicates a beta of 1.64 and an alpha of -0.39% per month. A month later, the market is up by 6.9%, and Hope is up by 7.9%. What is Hope'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.) Rate of return %