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Analysis of past monthly movements in Wal-Mart's stock price has produced the following estimates: = 0.45 percent and = 0.5. If the market index subsequently
Analysis of past monthly movements in Wal-Mart's stock price has produced the following estimates: = 0.45 percent and = 0.5. If the market index subsequently rises by 5 percent while Wal-Mart's stock price rises by 3 percent, what is the abnormal change in Wal-Mart's stock price?
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