Over the Past Five Days, the Common Stock of Taylor

question 11

Multiple Choice

Over the past five days, the common stock of Taylor Mfg. had daily returns of −.1, .2, .1, .2, and .3 percent, respectively. For the same five days, the market had daily returns of .1, .3, −.4, .4, and .2 percent, respectively. What is the cumulative abnormal return on Taylor Mfg. stock for this time period?

• A)−.3%
• B)−.1%
• C).0%
• D).1%
• E).3%

---

Definitions:

Civil War

An internal conflict within a country between differing factions, regions, or ethnicities aiming to change governmental structure or policies, or to divide the country into separate entities.

Economy

A vast collection of interconnected activities in production, consumption, and trade that help decide the distribution of limited resources.

Consent Decree

A legal agreement that resolves a dispute between two parties without admission of guilt or liability.

Internet Explorer

A discontinued web browser that was developed by Microsoft, once widely used to access the internet.