For David's Delicious Delicacies, Inc., the analyst Howard, using monthly EXCESS returns over the past 7 years, has estimated the Single Factor model, finding the market beta to be 1.54and has forecasted that the expected alpha is -1.18%, and expected market (excess) return is 1%. Given this information, what is the Expected (excess) Return for David's Delicious Delicacies, Inc.?

Select one:

a.

0.36%

b.

-0.64%

c.

insufficient information to determine

d.

-0.14%

e.

-0.91%

f.

-1.18%

g.

1.54%