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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 8 percent, while the risk-free daily rate was .01 percent and the market rate of return was 11 percent. The firm's industrial class returned 1.2 percent on average, for the day. What was the firm's abnormal return for the day?

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