Exhibit 66
Use the Information Below for the Following Problem(S)

question 18

Multiple Choice

Exhibit 6.6
Use the Information Below for the Following Problem(S)
$$\begin{array} { c c c c c } \text { itack } & \text { Re } & \text { it } & \text { mit } & \text { Het. } \\\hline \text { A } & 9.7 & 10.0 & 0 & 0.7 \\8 & 10.4 & 8.0 & 0 & 1.4\end{array}$$
R?_t = return for stock i during period t
R_mt = return for the aggregate market during period t
-Refer to Exhibit 6.6.Stock X had an actual return of 14% and Stock X's normal return based on the market's return for the same period was 13.6%.What is Stock X's abnormal rate of return?

• A) -0.4%
• B) 0.1%
• C) 0.4%
• D) 4.0%
• E) 6.4%

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