Suppose you are ceo of a drug company with market cap of 1, Ask an Expert

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Suppose you are CEO of a drug company with market cap of $ 1 billion. Your company drug failed a clinical trial. your stock fell by 10%. on the same day market fell by 5%. What was the abnormal return of the stock on the announcement day? what is the estimated dollar size of economic loss due to negative announcement

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91594208

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