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Assume today is an earnings announcement day for a firm. For the day, the firm's return was 8 percent, while the risk - free daily
Assume today is an earnings announcement day for a firm. For the day, the firm's return was percent, while the riskfree daily rate was percent and the market rate of return was percent. The firm's industrial class returned percent on average, for the day. What was the firm's abnormal return for the day?
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