Calculate the three-day return earned by firm

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Reference no: EM132641087

Question (i) Calculate

  1. the three-day return earned by your firm for the period from the day before the announcement day to the day after the announcement date; and
  2. the two-day return earned by your firm for the period from the day of the announcement to the day after the announcement date

Question (ii) Calculate the market return for the corresponding periods in (i).

Question (iii) Calculate the excess return: (i) - (ii)

Reference no: EM132641087

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