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What the average abnormal daily return for companies was

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Reference no: EM132932336

Problem 1: 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. The average abnormal daily return for these three companies was:

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

Reference no: EM132932336

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