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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),

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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), and October 7 (10/7), respectively. Given the information below, calculate the cumulative abnormal return (CAR) for these stocks as a group. companies have an expected retum equal to the Negative amounts shouid be indicaled market y a minus sign. Leave no cells blank be certain to enter "0 wherever required. Round your answers for all columns to 1 decimal placey Ross Co Westerfield, Inc. Jordan Company Markot Company Market Company Market Company Date Return Retun Date Return Return Date Return Return 2/8 0.7 2/9 0.8 2/10 0.6 0.5 101 0.3 10/2 0.2 10/3 0.9 0/6 0.1 -0.4 0.3 7/13 0.1 7/16 0.6 0.4 1.3 2/12 0.1 2/15 1.3 2/16 0.7 10V8 0.3 0/9-0.5 10/10 0.1 0/13 02 0.6 0.5 0.3 0.1 0.9 0.1 0.7 7/23 06 7/24 0.1 2/18 0.5 0.4 Average abnormal retum Cumulative average Days from announcement Ross Wfield Jordan Sum 3

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