Analysis of 60 monthly rates of return on United Futon common stock indicates a beta of 1.45 and an alpha of 0.2% per month. A month later, the market is up by 5%, and United Futon is up by 6%. What is Futons abnormal rate of return? Note: 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: ___%