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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 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,Wenterfield, Tncorporated,Jordan CompanyMarket,company,,Market,Company,,Market,companyDateReturn,Return,Date,Return,Return,Date:,Return,MeturnJuly Yebriary,October July Februsry?,October QJuly Yebrusiry october July Tebrsary Oetober QJuly Yebruary oetober July rebrvary october,QJuly Tebruary October July February October July Tebruary october
tabletableDays fromannouncementAbnormal Returns RiRMtableAverageabnormalreturntableCumulativeaverageresidualRossWrield,Jordan,Bum
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