An equity analyst evaluates how the percentage change in cotton prices affects the percentage change in the stock price of an apparel company. The analyst prepares a linear regression, resulting in an intercept of 0.3 and a slope of −0.7. According to this regression, the predicted change in stock price given a 2% increase in cotton prices is closest to:
A. −1.4%
B. −1.1%
C. −0.1%