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* * Please answer the question accurately showing step - by - step solution by hand. NO EXCEL allowed. P . S . : Use
Please answer the question accurately showing stepbystep solution by hand.
NO EXCEL allowed.
PS: Use the appropriate Statistical tables if needed.
Analysts covering WMLs stock believe that recent leadership changes the Event had a material impact on stock returns.
Using trading days before the Event they generate the following results to use as a prediction model:
Daily Results
The market return on the Event day was while WMLs return was Is the Event significant at the
confidence interval?
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