Explain how you would do the analysis to produce a chart such as the one in Figure
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Explain how you would do the analysis to produce a chart such as the one in Figure 15.2.
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Figure 15.2 Erik Lie's results providing evidence of backdating. (Reproduced with permission, from www.biz.uiowa.edu/faculty/elie/backdating.htm.) 3 2 1 7 -2 -3- -4 -5 % -30 -20 -10 www. 1993-94 1995-98 1999-2002 10 20 30 Day relative to option grant
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