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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 O wherever required. Do not round intermediate calculations. Round your answers to decimal place.
tabletableDays fromannouncementAbnormal returns tableAverage abnormalreturntableCumulativeaverage residualRossW'field,Jordan,Sumtabletabletabletable
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