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Delta, United, and American Airlines announced purchases of planes on July 1 8 ( 7 / 1 8 ) , February 1 2 ( 2

Delta, United, and American Airlines announced purchases of planes on July 18(7/18),
February 12(212), and October 7(107), respectively.
Given the above information, calculate the cumulative abnormal return (CAR) for these
stocks as a group. All of the stocks have a beta of 1 and no other announcements are
made. (A negative answer should be indicated by a minus sign. Leave no cells blank -
be certain to enter "0" wherever required. Do not round intermediate calculations and
round your answers to 2 decimal places, e.g.,32.16.)
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