Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1.56 and an alpha of 0.31% per month. A month later, the market is up by 6.1%, and United Futon is up by 7.1%. What is Futons abnormal rate of return?

10 Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1.56 and an alpha of -0.31% per month. A month later, the market is up by 6.1%, and United Futon is up by 7.1%. 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 places.) Rate of return Skipped