Over the Past 5 Days,the Common Stock of Scott Mfg

Multiple Choice

Over the past 5 days,the common stock of Scott Mfg.had daily returns of 0.3,-0.2,0.3,0.1,and 0.1 percent,respectively.For the same 5 days,the market had daily returns of 0.2,0.4,-0.5,0.3,and 0.1 percent,respectively.What is the cumulative abnormal return on Scott Mfg.stock for this time period?

A) -0.3 percent
B) -0.1 percent
C) 0.0 percent
D) 0.1 percent
E) 0.3 percent