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Question - The return on JXF Ltd.'s shares on a day was 0.8 per cent. The expected return on JXF Ltd.'s share was 0.2 per cent on that day. The return on KYG Ltd.'s shares on a day was 0.5 per cent. The expected return on KYG Ltd.'s share was -0.1 per cent on that day. The return on LYH Ltd.'s shares on a day was 0.1 per cent. The expected return on LZH Ltd.'s share was 0.6 per cent on that day. What the average abnormal daily return for these three companies?
a) 0.233 per cent
b) 0.335 per cent
c) 0.433 per cent
d) -0.310 per cent
e) 0.169 per cent
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