The Abnormal Return in an Event Study Is Described as The

Multiple Choice

The abnormal return in an event study is described as the:

A) actual return on a security minus the market rate of return on the same date.
B) total return earned by a security on the date of an announcement affecting that security.
C) total return earned on a security for the 7-day period commencing three days prior to an announcement affecting that security.
D) change in market value of a security on the day of an announcement affecting that security.
E) any change in the market price of a security that exceeds five percent over a 7-day period.