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  3. on november 14, thorogood enterprises announced th

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

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Accounting

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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, ( A negative value should be indicated by a minus sign. Leave no cells biank - be certain to enter "O" wherever required. Do not round intermediate calculations, Round your answers to 1 decimal place.) The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the exponential three-month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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