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On 9 th November 2 0 2 1 , Ford and other five car manufacturers agree to sign COP 2 6 commitment, as part of

On 9th November 2021, Ford and other five car manufacturers agree to sign COP26
commitment, as part of efforts to cut carbon emissions and reduce global warming.
You want to investigate whether this announcement had an impact on the excess
return on Ford. How would you test it? Explain your answer.

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