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Analysis of past monthly movements in IBM's stock price produces the following estimates: =2.70 percent and =1.40. If the market index subsequently rises by 12

image text in transcribed Analysis of past monthly movements in IBM's stock price produces the following estimates: =2.70 percent and =1.40. If the market index subsequently rises by 12 percent in one month and IBM's stock price increase by 17.60 percent, what is the abnormal change in IBM's stock price? Multiple Choice +1.90 percent +2.70 percent -1.90 percent +7.0 percent

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