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On November 14, Thorogood Enterprises announced that the public and acrimonious battle with its current...

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Accounting

On November 14, Thorogood Enterprises announced that the public and acrimonious battle with its current CEO had been resolved.
Under the terms of the deal, the CEO would step down from his position immediately. In exchange, he was given a generous
severance package. Given the information below, calculate the cumulative abnormal return (CAR) around this announcement. Assume
the company has an expected return equal to the market return.
Note: A negotlve value should be Indlcated by a minus sign. Leave no cells blank - be certaln to enter "O" wherever requlred. Do
not round Intermedlate calculatlons. Round your answers to 1 decimal ploce.
Answer is not complete.
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