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Given the information in CAR file, calculate the cumulative abnormal return (CAR) for these stocks as a group. Graph the result and provide an explanation.

Given the information in CAR file, calculate the cumulative abnormal return (CAR) for these stocks as a group. Graph the result and provide an explanation. All stocks have a beta of 1 and no other announcements are made.

Your explanation should not exceed 200 words.

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