Question

Over the past 5 days, the common stock of Tyler 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 0.0, 0.1, -0.3, 0.4, and 0.2 percent, respectively. What is the cumulative abnormal return on Tyler Mfg. stock for this time period?
A. -0.2 percent
B. -0.1 percent
C. 0.0 percent
D. 0.1 percent
E. 0.2 percent

Answer

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