Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Apple announced the fiscal 2022 results after the market closed on October 27, 2022. Find historical stock price data from Yahoo! Finance for Apple and

image text in transcribed

Apple announced the fiscal 2022 results after the market closed on October 27, 2022. Find historical stock price data from Yahoo! Finance for Apple and the S\&P 500 index. For Apple and the S\&P 500 index respectively, calculate daily returns for the three days surrounding the Apple's earnings announcement, i.e., the day before, the day of, and the day after the earnings announcement date. Compute the three-day cumulative returns. Use close prices in your calculations. Show your work. You asked me to research 2022 physical results after the market closed on October 27, 2022. My question is how do I calculate the day before, the day of, and the day after cumulative return? Apple announced the fiscal 2022 results after the market closed on October 27, 2022. Find historical stock price data from Yahoo! Finance for Apple and the S\&P 500 index. For Apple and the S\&P 500 index respectively, calculate daily returns for the three days surrounding the Apple's earnings announcement, i.e., the day before, the day of, and the day after the earnings announcement date. Compute the three-day cumulative returns. Use close prices in your calculations. Show your work. You asked me to research 2022 physical results after the market closed on October 27, 2022. My question is how do I calculate the day before, the day of, and the day after cumulative return

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions