You used market model and obtained the above regression results by using monthly returns of Microsoft and S&P index what is the estimated annual required return for Microsoft if you expect S&P 500 to earn an average of 1.1% return per month in the future? You used market model and obtained the above regression results by using monthly returns of Microsoft and S&P index what is the estimated annual required return for Microsoft if you expect S&P 500 to earn an average of 1.1% return per month in the future