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You are a financial analyst for WillyP Financial. You have collected the past monthly stock price...

You are a financial analyst for WillyP Financial. You have collected the past monthly stock price movements for Intel and Microsoft stocks. Your analysis has produced the following estimates for Intel: α = 3.5% and β = 1. 6 and for Microsoft: α = 2.5% and β = 1. 3. Suppose the market index subsequently rises by 10% in one month and Intel’s stock price increases by 20% and Microsoft’s stock price increases 22%, what are the abnormal returns in Intels’ and Microsoft’s stock prices?

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