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The Following Are the Daily Returns for Both the Overall

Question 29

Multiple Choice

The following are the daily returns for both the overall market and for Omega, Inc. What is the cumulative abnormal return on Omega, Inc., stock for these five days?
 Date  R(m)   Omega 24Nov1.2081.20%25Nov.408.10%26Nov.1081.00%27Nov.408.50%28Nov.508.70%\begin{array}{lrr}\text { Date } & \text { R(m) }& \text { Omega }\\24-\mathrm{Nov} & 1.208 & 1.20\% \\25-\mathrm{Nov} & -.408 & .10\% \\26-\mathrm{Nov} & -.108 & 1.00\% \\27-\mathrm{Nov} & .408 & -.50\% \\28-\mathrm{Nov} & .508 & -.70\%\end{array}


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

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