(%) 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 abnormal return and cumulative abnormal return (CAR) for day 8. Assume the company has an expected return equal to the market return Market Return Company Date Return (%) Nov 7 1.2 Nov 8 1.0 Nov 9 - 9 - 5 Nov 10 -6 Nov 11 2.0 Nov 14 -8 2.5 Nov 15 1 1 Nov 16 9 Nov 17 .9 3 Nov 18 -9 Nov 21 1.0 O A-08 and 2 respectively O 8.0.9 and 28 respectively C none of them 0.05 and 25 rasnactival NOOOOO IN N-!! NO ONCOS 1.4