Security Stock Analysis - T-test|CAR|daily returns -- 2

Describe the event study and results in a separate word document with the following sections and bring a paper copy to submit in class: a. Summary: a brief summary of the events – 1 paragraph. b. Hypothesis: briefly describe what you expect CARs to be when a dividend is cut based on the existing literature discussed in class. Note: this will be different for different theories c. Data: identify the sample period, the source of the data, the specific variable used, and any transformations to the data. d. Experiment: Describe the specific steps of your experiment from the data to the final numbers on CAR. Report the betas from the estimation window in a table. e. Summary table: Report the results in a table f. Discussion of results: i. Did the stock price have a significant reaction to the announcement? ii. What does this tell you about the various theories of dividends and repurchases and their predictions?