Swenson Co

question 79

Multiple Choice

Swenson Co.announced its merger plans on August 25 and had a daily return of 0.8 percent.Tyler Co.announced its merger plans on August 26 and had a daily return of 0.6 percent.The Underwood Co.announced its merger plans on August 27 and had a daily return of -0.5 percent.The daily market returns for August 25 through August 27 were 0.2,0.3,and -0.4,respectively.What is the combined cumulative abnormal return for the announcement date?

• A)0.0 percent
• B)0.2 percent
• C)0.6 percent
• D)0.8 percent
• E)1.0 percent

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Definitions:

Corpus Callosums

A broad band of nerve fibers joining the two hemispheres of the brain, facilitating communication between them.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.

Autonomic Nervous System

The part of the peripheral nervous system that controls involuntary functions in the body, such as heart rate, digestion, and respiratory rate.

Spinal Reflexes

Automatic, involuntary movements or actions of the body initiated in the spinal cord without the involvement of the brain.