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During an estimation period, the monthly empirical model applied to Macquarie Bank's stock produces the following estimates, which are believed to be stable over

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During an estimation period, the monthly empirical model applied to Macquarie Bank's stock produces the following estimates, which are believed to be stable over time: MB = 0.011 +1.7M If during a one-month event window, the market index M falls by 3%, how much would we expect Macquarie Bank stock to change? If your answer is a %, enter as a decimal to 4 decimal places e.g., if your answer is 5.23%, enter 0.0523. If your answer is a whole number, enter to 2 decimal places e.g., if your answer is 11.4578, enter 11.46.

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