Swenson Co

Swenson Co.announced its merger plans on August 25 and had a daily return of 0.8 percent.Tyler Co.announced its merger plans on August 26 and had a daily return of 0.6 percent.The Underwood Co.announced its merger plans on August 27 and had a daily return of -0.5 percent.The daily market returns for August 25 through August 27 were 0.2,0.3,and -0.4,respectively.What is the combined cumulative abnormal return for the announcement date?

A) 0.0 percent
B) 0.2 percent
C) 0.6 percent
D) 0.8 percent
E) 1.0 percent