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The Following Are the Daily Returns for Both the Overall

Question 17

Multiple Choice

The following are the daily returns for both the overall market and for Alpha, Inc. What is the cumulative abnormal return on Alpha, Inc., stock for these five days?
 Date  R(m)  Alpha 24 oct 1.5081.30825-oct .408.20826-oct .108.50827-oct .308.208280ct608508\begin{array}{lrr}\text { Date } &\text { R(m) }& \text { Alpha }\\24-\text { oct } & 1.508 & 1.308 \\25 \text {-oct } & -.408 & .208 \\26 \text {-oct } & -.108 & .508 \\27 \text {-oct } & .308 & -.208 \\28-0 c t & 608 & -508\end{array}


A) -.8%
B) -.6%
C) -.1%
D) .2%
E) .5%

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