Question: In an event study, alpha is 0.07 and beta is 1.18 based on the data from the estimation window. On the event day, the actual

In an event study, alpha is 0.07 and beta is 1.18 based on the data from the estimation window. On the event day, the actual stock return was 9%, and the market return was 4%. What is the abnormal return on the event day?

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