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5. Consider the following information about the average cumulative abnormal returns for an event study about takeover attempts: 10 days Before the event -0.5% 0.2%

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5. Consider the following information about the average cumulative abnormal returns for an event study about takeover attempts: 10 days Before the event -0.5% 0.2% 0.02% 4% 0.1% -0.2% 0.5% 0.9% 1.3% 2% Event time 4% 10 days after the event 4.2% 3.8% 3.6% 3.9% 4.2% 4.5% 4.2% 4% 3.8% 3.7% What do you conclude from this evidence? What other information would you need to sharpen your conclusions

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