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On November 1 4 , Thorogood Enterprises announced that the public and acrimonious battle with its current CEO had been resolved. Under the terms of

On November 14, Thorogood Enterprises announced that the public and acrimonious battle with its current CEO had been resolved. Under the terms of the deal, the CEO would step down from his position immediately. In exchange, he was given a generous severance package. Given the information below, calculate the cumulative abnormal return (CAR) around this announcement. Assume the company has an expected return equal to the market return. (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 1 decimal place.)
Date Market Return (%) Company Return (%)
Nov 71.20.8
Nov 81.00.8
Nov 90.90.5
Nov 100.60.7
Nov 112.01.0
Nov 140.82.5
Nov 150.10.1
Nov 160.91.4
Nov 170.90.3
Nov 180.90.0
Nov 211.00.2

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