Samson Co Announced Its Merger Plans on October 25 and Had

Multiple Choice

Samson Co. announced its merger plans on October 25 and had a daily return of .7 percent. Thompson Co. announced its merger plans on October 26 and had a daily return of .4 percent. The Whitewood Co. announced its merger plans on October 27 and had a daily return of .1 percent. The daily market returns for October 25 through October 27 were .1, −.3, and .4, respectively. What is the combined cumulative abnormal return for the announcement date?

A) .0%
B) .2%
C) .6%
D) .8%
E) 1.0%