The Following Is the Daily Returns for Both the Overall

question 40

Multiple Choice

The following is the daily returns for both the overall market and for Dagwood Industries. What is the cumulative abnormal return on Dagwood stock for these 5 days?

$$\begin{array} { l c c } \underline{\text { Date }} & \underline{\text { Market Return (\%) }} &\underline{ \text { Dagwood Return (\%) }} \\ 3 / 15 & 0.3 \% & 0.4 \% \\3 / 16 & - 0.1 & 0.2 \\3 / 17 & 0.2 & 0.8 \\3 / 18 & 0.3 & 0.5 \\3 / 19 & - 0.6 & - 0.4\end{array}$$

• A) 0.8 percent
• B) 1.0 percent
• C) 1.2 percent
• D) 1.4 percent
• E) 1.6 percent

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