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Question
Analysis of past monthly movements in Wal-Mart's stock price has produced the following estimates: a = -0.45% and b = 0. 5. If the market index subsequently rises by 5% one month and Wal-Mart's stock price rises by 3%, what is the abnormal change in Wal-Mart's stock price?
A. -0.95%
B. +0.95%
C. +0.05%
D. None of the above
Answer
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Related questions
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