Samson Co. announced its merger plans on October 25 and had a daily return of .7 percent. Thompson Co. announced its merger plans on October 26 and had a daily return of .4 percent. The Whitewood Co. announced its merger plans on October 27 and had a daily return of .1 percent. The daily market returns for October 25 through October 27 were .1, −.3, and .4, respectively. What is the combined cumulative abnormal return for the announcement date?
A).0%
B).2%
C).6%
D).8%
E)1.0%

Question

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The Answer of Samson Co. announced its merger plans on October 25 and had a daily return of .7 percent. Thompson Co. announced its merger plans on October 26 and had a daily return of .4 percent. The Whitewood Co. announced its merger plans on October 27 and had a daily return of .1 percent. The daily market returns for October 25 through October 27 were .1, −.3, and .4, respectively. What is the combined cumulative abnormal return for the announcement date?
A).0%
B).2%
C).6%
D).8%
E)1.0%

Samson Co Announced Its Merger Plans on October 25 and Had