i need the answer quickly Under the terms of the deal, the CEO would step down from his position immediately. In exchange, he was given a generousseverance package. Given the information below, calculate the cumulative abnormal return (CAR) around this announcement. Assumethe company has an expected return equal to the market return.Note: A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Donot round intermediate calculations. Round your answers to 1 decimal place.(%)CompanyReturn (%)Market ReturnDateNovember 70.60.2November 80.40.2November 9-0.3-0.5November 10-0.6-0.7November 111.41.0November 14-0.21.9November 150.10.1November 160.90.8November 170.30.4November 18-0.30.0November 210.40.2Days fromAnnouncement-5-4-3-2-1012345Daily AbnormalCumulative AbnormalReturnReturn

The abnormal return is the gap between what you anticipate and what really occurs when you invest in…

Answered: Under the terms of the deal, the CEO…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter3: The General Journal And The General Ledger

Section: Chapter Questions

Problem 4A: What Would You Do? You are responsible for preparing all of the journal entries for Regional...

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