Business, 17.04.2020 20:26 rose80123

Problem 14-1 Cumulative Abnormal Returns

Delta, United, and American Airlines announced purchases of planes on July 18 (7/18), February 12 (2/12), and October 7 (10/7), respectively.

Delta United American
Date Market
Return Company
Return Date Market
Return Company
Return Date Market
Return Company
Return
7/12 ?.44 ?.67 2/8 ?.93 ?1.26 10/1 .64 .38
7/13 .00 .34 2/9 ?1.03 ?1.26 10/2 .54 .73
7/16 1.55 1.73 2/10 .54 .36 10/3 1.24 1.24
7/17 ?1.55 ?1.33 2/11 .74 3.73 10/6 .24 ?2.97
7/18 ?2.23 1.13 2/12 ?.44 ?.17 10/7 ?2.34 ?.43
7/19 ?.87 ?.68 2/15 1.24 3.05 10/8 .64 .64
7/20 ?.93 ?1.18 2/16 .64 .64 10/9 ?.44 ?.19
7/23 .75 .51 2/17 ?.44 ?.31 10/10 .44 ?.23
7/24 .24 .06 2/18 .44 .28 10/13 .00 ?.24

Given the above information, calculate the cumulative abnormal return (CAR) for these stocks as a group. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

Days from announcement Delta United American Sum Average abnormal return Cumulative average residual
?4
?3
?2
?1
0
1
2
3
4

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year

Answers: 2

Answer

Business, 22.06.2019 14:00

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Answers: 1

Answer

Business, 22.06.2019 16:40

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Answers: 1

Answer

Business, 22.06.2019 22:10

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800

Answers: 1

Answer

You know the right answer?

Problem 14-1 Cumulative Abnormal Returns

Delta, United, and American Airlines announced...

Questions

Engineering, 05.05.2020 20:37

Consider a system of two particles. Each particle can be in one of three possible microstates: one ground state (E = 0, call it "G") and two excited s...