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Suppose Lolo Industries and the market has the returns presented in the table below. Further suppose Lolo Industries has a beta 1.3 and the riskfree

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Suppose Lolo Industries and the market has the returns presented in the table below. Further suppose Lolo Industries has a beta 1.3 and the riskfree rate is 0.05 . Cumulative abnormal return for months t=1 to t=3 ? 3.2% 3.0% 3.7% 1.0%

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