Over the past 5 days,the common stock of Taylor Mfg.had daily returns of 0.2,-0.1,-0.2,0.3,and 0.1 percent,respectively.For the same 5 days,the market had daily returns of 0.1,0.3,-0.4,0.4,and 0.2 percent,respectively.What is the cumulative abnormal return on Taylor Mfg.stock for this time period?
A) -0.3 percent
B) -0.1 percent
C) 0.0 percent
D) 0.1 percent
E) 0.3 percent
Correct Answer:
Verified
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