Question: The SAR's for four consecutive annual returns for APP are - 2 . 1 , - 1 . 5 , - 3 . 5 and

The SAR's for four consecutive annual returns for APP are -2.1,-1.5,-3.5 and -1.2. What is the standardized cumulative abnormal return (SCAR) for this series?
Type in your answer as a decimal, rounded it off to 4 decimal places.

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