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It must be solved by excel Questions 2 ( 2 Points ) On March 1 5 , Trenton Medical received approval for a new drug.

It must be solved by excel Questions 2(2 Points)
On March 15, Trenton Medical received approval for a new drug. Using the data below from February 15 through February 28 as the measurement period:
Calculate the cumulative abnormal return (CAR) in the +/-3 days surrounding the announcement date.
Graph your results.
\table[[Measurement Window,Event Window,],[Date,Trenton,,Date,Trenton],[,,,,]]
\table[[February 15,1.18,0.19,March 12,-0.61,-0.12],[February 18,2.03,-0.03,March 13,2.66,0.85],[February 19,1.60,0.53,March 14,3.98,0.13],[February 20,2.20,1.92,March 15,20.69,-2.48],[February 21,-0.10,-2.08,March 18,5.56,3.43],[February 22,0.45,0.08,March 19,3.01,0.70],[February 25,-1.58,-1.54,March 20,0.07,0.97],[February 26,-1.62,-1.58,,,],[February 27,3.58,2.06,,,],[February 28,-2.81,-2.71,,,]]
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