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Ross Co., Westerfield, Inc. and Jordan Company announced a new agreement to market their respective products in China on July 18 (7/18), February 12 (2/12),
Ross Co., Westerfield, Inc. and Jordan Company announced a new agreement to market their respective products in China on July 18 (7/18), February 12 (2/12), and October 7 (10/7), respectively. Given the information below, calculate the cumulative abnormal return (CAR) for these stocks as a group. Assume all companies have an expected return equal to the market return. (Negative values 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.)
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