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During an estimation period, the monthly empirical model applied to MacquarieBank's stock produces the following estimates, which are believed to be stable overtime. IMB =

During an estimation period, the monthly empirical model applied to MacquarieBank's stock produces the following estimates, which are believed to be stable overtime. IMB = 0.011 1.7rM If Macquarie Bank's stock actual falls by 9% during the event window, what isMacquarie Bank's abnormal return

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