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(Solved): Dev Events announced at Time t that it had fired its CEO. There were no other announcements affectin ...



Dev Events announced at Time t that it had fired its CEO. There were no other announcements affecting the firm. The stock had daily returns of .1, +.2, ?.8, ?.3, +.5 for Timet ? 2 to Timet + 2, respectively. The daily returns on the market were .1, +.2, ?.4, ?.2, and +.2 for Timet ? 2 to Timet + 2, respectively. What is the cumulative abnormal return for these five days? Multiple Choice .3 ?.1 ?.2 ?.3 .1



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