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Ross Company; Westerfield, Incorporated; and Jordan Company announced a new agreement to market thelr respectlve products in China on July 1 8 , February 1
Ross Company; Westerfield, Incorporated; and Jordan Company announced a new agreement to market thelr respectlve products in China on July February and October respectively. Glven the Information below, calculate the cumulative abnormal return CAR for these stocks as a group. Assume all companles have an expected return equal to the market return.
Note: A negatlve value should be Indlcated by a minus sign. Leave no cells blank be certaln to enter wherever requlred. Do not round Intermedlate calculations. Round your answers to decimal place.
tableRoss Company,Westerfield, Incorporated,Jordan CompanyDatetableMarketReturntableCompanyReturnMarket,Company,,,Market,CompanyJuly February,Return,Return,Date,,Return,ReturnJuly February,october,July February
october,July February tableoctober,July February tableOctober,July February october,July February tableOctober,:July February tableoctober,July February tableoctober,
tabletableDays fromannouncementAbnormal returns tableAverage abnormalreturntableCumulativeaverage residualRossW'field,Jordan,SumDin,
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