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:

Solidified Lava

Lava that has cooled and hardened, transitioning from a molten state to a solid rock form.

Scoria Cone

A type of volcanic cone formed from fragments of lava thrown out during eruptions, characterized by steep slopes.

Shield Volcano

A type of large volcano with gentle slopes made primarily from the eruption of low-viscosity lava that flows easily.

Composite Volcano

A common type of volcano constructed of alternating layers of lava, pyroclastic deposits, and mass-wasting deposits, including mudflows; synonym: stratovolcano.