The Following Are the Daily Returns for Both the Overall

question 29

Multiple Choice

The following are the daily returns for both the overall market and for Omega, Inc. What is the cumulative abnormal return on Omega, Inc., stock for these five days?
$\begin{array}{lrr}\text { Date } & \text { R(m) }& \text { Omega }\\24-\mathrm{Nov} & 1.208 & 1.20\% \\25-\mathrm{Nov} & -.408 & .10\% \\26-\mathrm{Nov} & -.108 & 1.00\% \\27-\mathrm{Nov} & .408 & -.50\% \\28-\mathrm{Nov} & .508 & -.70\%\end{array}$

• A)-.8%
• B)-.5%
• C)-.1%
• D).2%
• E).5%

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Definitions:

Early Majority

A group in the technology adoption lifecycle that represents consumers who adopt new technology or products after a new concept has been proven by the innovators and early adopters.

Late Majority

A classification in the technology adoption lifecycle representing consumers who adopt new technology or innovations after the average member of the population.

Adopters

Individuals or entities that begin using a new product or technology, often categorized by their willingness to embrace new innovations.

Cultural Values

The core principles and ideals upon which an entire community exists and operates, which influence behavior, preferences, and norms within that society.