Over the Past Five Days, the Common Stock of Scott

question 85

Multiple Choice

Over the past five days, the common stock of Scott Mfg. had daily returns of .3, −.2, .3, .1, and .1 percent, respectively. For the same five days, the market had daily returns of .2, .4, −.5, .3, and .1 percent, respectively. What is the cumulative abnormal return on Scott Mfg. stock for this time period?

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

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