The following is a graph of cumulative abnormal returns around the announcement of asset divestitures by major

Question:

The following is a graph of cumulative abnormal returns around the announcement of asset divestitures by major corporations.

image text in transcribed

How best would you explain the:

a. Market behavior before the announcement?

b. Market reaction to the announcement?

c. Market reaction after the announcement?

Step by Step Answer:

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Investment Valuation Tools And Techniques For Determining The Value Of Any Asset

ISBN: 9781118011522

3rd Edition

Authors: Aswath Damodaran

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Question Posted: May 23, 2024 02:02 AM

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The following is a graph of cumulative abnormal returns around the announcement of asset divestitures by major

Question:

Cumulative Abnormal Returns Time (t)

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Investment Valuation Tools And Techniques For Determining The Value Of Any Asset

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