Dev Events announced at Time t that it had fired its CEO. There were no other annoucements affecting the firm. The stock had daily returns of .1, +.2, -.8, -.3, +.5 for Time t-2 to Time t+2, respectively. The daily returns on the market were .1, +.2, -.4, -.2, and +.2 for Time t-2 to Time t+2, respectively. What is the culmative abnormal return for these five days?

MC:

-.1

.1

-.3

.3

-.2

arys? Muntine Choice 4 7