On February 19^th, 2018, Jet Inc. reported its financial results for the quarter ended December 31, 2017. Net income increased to $100 million, its sales increased to $1 billion, which was an increase of approx. 20% from the previous year's quarter. These results were in line with analysts' forecasts.

On February 19^th, 2018, the company Jet projected further increases for next quarter, earnings per share by 3%. The management explained that the increase was due to company's expansion into a complementary product line.

Following these announcements, Jet's shares, traded on the TSX, increased in price by $0.20 to $1.20 per share on February 18^th, 2018. On the same day, assume the TSX composite index increased by 42.26 points to 14,119.73. Jet's beta was 2 at this time. Assume the Bank of Canada bank rate on February 19^th, 2018 was Rf = 4.5%, or approximately 0.0001 per day.

Required

Use the market model to calculate the abnormal return on Jet shares for February 19^th, 2018. Note the theoretical relationship, from the capital pricing model (CAPM).