1. On November 4, 2019 McDonalds Corporation fired its CEO for having a consensual relationship in the workplace. The following data on their stock price, the level of the S&P 500, and the risk-free interest rate come from the days surrounding the announcement:

Day	McDonalds Price	S&P 500	Risk free rate
November 1	197.78	3050.72	.000046
November 4	190.16	3078.96	.000046
November 5	189.65	3075.10	.000046

McDonalds has a Beta of .26.

1. (20 points) What is the expected return for McDonalds from the CAPM for November 4 and 5?
2. (20 points) What is the actual return of McDonalds for November 4 and 5?
3. (20 points) What is the cumulative abnormal return for McDonalds for these two days? If the market capitalization (Price * shares outstanding) for McDonalds is $149.949B, how much did the firing of the CEO cost McDonalds shareholders?