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The daily returns for a stock and the S&P 500 are given below. The stock has an expected return equal to the index return. Date

The daily returns for a stock and the S&P 500 are given below. The stock has an expected return equal to the index return.

Date Stock return (%) S&P 500 return (%)
Feb. 8 0.6 0.5
Feb. 9 -0.2 -0.4
Feb. 10 0.1 -0.1
Feb. 11 -0.3 -0.2
Feb. 12 0.7 0.3
Feb. 13 0.4 0.3
Feb. 14 0.2 0.5

1. What is the cumulative abnormal return over that period (in percentage points)?

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