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The Auto Company (AC) had expected returns and realized returns for the periods shown below:
Calculate the cumulative abnormal return for the four periods.
Leisure
Free time not consumed by work or obligations, often used for relaxation, recreation, or other personal activities.
Nonlabor Income
Income received from sources other than employment or the direct exertion of labor, such as dividends, interest, and rental income.
Wage Rate
The amount of money paid to an employee per unit of time or per task performed.
Labor
The human effort, including both physical and mental, used in the production of goods and services.
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