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On January 1 , 2 0 2 3 ( day = 0 ) Mr . Manager Corp. announced an acquisition of Gary Corp. For this

On January 1,2023(day=0) Mr. Manager Corp. announced
an acquisition of Gary Corp. For this question, we will conduct an event study to understand the market reaction to the deal
announcement. The normal return regression results for the target and the market capitalizations have already been provided to you in Rows 6-10. The event period returns for the target and the S&P 500 return for the days beginning two days before the announcement to two days following the announcement are provided in Columns E-F. The acquirer abnormal returns and cumulative abnormal returns have already been computed for you in Columns G-H. Compute the cumulative abnormal return for the target and total dollar synergy over the [-2,2] event window.
What is the target cumulative abnormal return?(CAR)
what is the total dollar synergy?
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