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Ross Company; Westerfield, Incorporated; and Jordan Company announced a new agreement to market their respective products in China on July 1 8 , February 1
Ross Company; Westerfield, Incorporated; and Jordan Company announced a new agreement to market their respective products in China on July February and October respectively. Given the information below, calculate the cumulative abnormal return CAR for these stocks as a group. Assume all companies have anexpected return equal to the market return.
Note: A negative value should be indicated by a minus sign. Leave no cells blank be certain to enter wherever required. Do not round intermediate calculations. Round your answers to decimal place.Ross Company; Westerfield, Incorporated; and Jordan Company announced a new agreement to market their respective products in China on July February and October 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.
Note: A negative value should be indicated by a minus sign. Leave no cells blank be certain to enter wherever required. Do not round intermediate calculations. Round your answers to decimal place.
tableRoss Company,Westerfield, Incorporated,Jordan CompanyMarket,Company,,Market,Company,,,Market,CompanyDateReturn,Return,Date,Return,Return,Date,,Return,ReturnJuly February October,July February October,July February October,July February October,July February October,July February October,July February October,July February October,July February October,
tabletableDays fromannouncementAbnormal returns tableAverage abnormalreturntableCumulativeaverage residuaRossW'field,Jordan,Sum
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