Analysis of 60 monthly rates of return on United Futon 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 United Futon is up by 7.4%. What is Futons abnormal rate of return? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Rate of return %