Question: You are conducting an event study. The event window is 10 days. The CAR is -20% and the daily abnormal return variance is 23%, then

You are conducting an event study. The event window is 10 days. The CAR is -20% and the daily abnormal return variance is 23%, then the variance of CAR is 6.2.3% b. 46% c.23% d. 20% Clear my choice

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