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 "o" wherever required. Do not round intermediate calculations. Round your answers to 1 decimal place.) Market Return Company Intermediate calculations. Rou hits Company Return Ross Co. Market Return -.1 -2 .5 -.6 -1.8 -.9 -.9 .6 .2 Date July 12 July 13 July 16 July 17 July 18 July 19 July 20 July 23 July 24 eBook -.9 -3 .7 -.2 1.3 -.5 -1.1 .4 . Westerfield, Inc. Market Company Date Return Return Feb 8 -.6 Feb 9 -.7 -.9 Feb 10 .5 .6 Feb 11 .7 1.1 Feb 12 .2 Feb 15 1.2 1.5 Feb 16 7 .6 Feb 17 -.1 Feb 18 .4 Date Oct 1 Oct 2 Oct 3 Oct 6 Oct 7 Oct B Oct 9 Oct 10 Oct 13 Jordan Company Market Company Return Return .5 .3 .5 .8 1.3 -.1 -.8 -2.3 -.8 .4 -.5 -.5 Print -26 References Abnormal returns (R-R W field Jordan Ross Sum Average abnormal return Cumulative average residual Days from announcement -4 -3 -2 -1 0 1 2. 3 4