The Following Are the Daily Returns for Both the Overall

question 49

Multiple Choice

The following are the daily returns for both the overall market and for Coastal Engineering, Inc. What is the cumulative abnormal return on Coastal Engineering, Inc., stock for this five-day period?
$$\begin{array} { r r r } \text { Date } & \text { R(m) } & \text { Alpha } \\\text { 4-Aug } & 1.00\%& 1.10\% \\\text { 5-Aug } & - .30\% & .20\% \\\text { 6-Aug } & - .20\% & .30\%\\\text { 7-Aug } & .50 \% & - .30\% \\\text { 9-Aug } & .20\% & - .10\%\end{array}$$

• A)-1.2%
• B)-.5%
• C)0%
• D).2%
• E)1.2%

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Definitions:

Under-Served Niche

A segment of the market that has not been adequately addressed or serviced by existing providers, often presenting opportunities for new entrants.

Imitate

To copy or emulate something or someone, often to achieve similar benefits or results.

Non-Fungible

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Marginal Benefits

The additional satisfaction or utility gained from consuming or producing one more unit of a good or service.