Question
Column (A) in attach file shows the monthly return on theBritish FTSE 100 index from May 2007 through February 2009. Columns (B) and (C) show
Column (A) in attach file shows the monthly return on theBritish FTSE 100 index from May 2007 through February 2009. Columns (B) and (C) show
returns on the stocks of two firms?Executive Cheese and Paddington Beer. Both firmsannounced their earnings in February 2009. Calculate the average abnormal return of the two stocks during the month of the earnings announcement.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
