Cumulative abnormal returns $($CAR$)$

Group of answer choices

are used in event studies and are better measures of security returns due to firm$-$specific events than are abnormal returns $($AR$).$

are used in event studies.

are better measures of security returns due to firm$-$specific events than are abnormal returns $($AR$).$

are cumulated over the period prior to the firm$-$specific event.

are used in event studies and are cumulated over the period prior to the firm$-$specific event.