The Common Stock of Kimberlee Mfg

Multiple Choice

The common stock of Kimberlee Mfg. had daily returns of .2, −.1, .5, .4, and .3 percent, over the past five days, respectively. For the same five-day period, the market had daily returns of .1, .3, −.2, .5, and .1 percent, respectively. What is the cumulative abnormal return on Scott Mfg. stock for this time period?

A) −.5%
B) −.2%
C) .0%
D) .2%
E) .5%