Delta, United, and American Airlines announced purchases of planes on July 18 (7/18),February 12 (2/12), and October 7 (10/7), respectively.DeltaUnitedAmericanMarket CompanyDate Return Return Date7/12 -.42-.632/8Market CompanyReturn Return-.91 -1.22Market CompanyDateReturn Return10/1 .62 .407/13.00.322/9-1.01 -1.2210/2.52.697/16 1.261.462/10.52.3210/31.221.227/17-1.26 -1.082/11.723.3410/622-2.587/18-2.211.112/12-.42-.1910/7-2.32-.457/19-.85 -.702/151.222.7810/8.62.627/20-.91 -1.142/16.62.6210/9-.42-.197/23.73.532/17-.42-.2210/1042-.257/24.22.012/18.42.3010/13.00-.22Given the above information, calculate the cumulative abnormal return (CAR) for thesestocks as a group. (A negative answer should be indicated by a minus sign. Leave nocells blank - be certain to enter "0" wherever required. Do not round intermediatecalculations and round your answers to 2 decimal places, e.g., 32.16.)Abnormal returns (R; - RM)Days fromDeltaUnitedannouncement-4-3-2-101234AmericanSumAverageabnormalreturnCumulativeaverage return

References; Borochin, P. (2020). The information content of real operating performance measures from…

Answered: Delta, United, and American Airlines…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2EB: X Company accepts goods on consignment from C Company, and also purchases goods from P Company...

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The following selected transactions were completed by Betz Company during July of the current year: July 1 Purchased merchandise from Sabol Imports Co., $13,322, terms FOB destination, n/30. 3 Purchased merchandise from Saxon Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $240 was added to the invoice. 5 Purchased merchandise from Schnee Co., $13,700, terms FOB destination, 2/10, n/30. 6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,850 returned from purchase on July 5. 13 Paid Saxon Co. for invoice of July 3. 14 Paid Schnee Co. for invoice of July 5, less debit memo of July 6. 19 Purchased merchandise from Southmont Co., $29,840, terms FOB shipping point, n/eom. 19 Paid freight of $410 on July 19 purchase from Southmont Co. 20 Purchased merchandise from Stevens Co., $22,200, terms FOB destination, 1/10, n/30. 30 Paid Stevens Co. for invoice of July 20. 31 Paid Sabol Imports Co. for…
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