Pead Assignment

Assignment: Describe the procedure of Post-Earnings Announcement Drift 1. legal community streamer unexpected honorarium (SUE) for distributively firm SUEt = et E(et) [pic] et: certain earnings announced at solar day t E(et): expected earnings at day t [pic] : the historical standard deviation of the last eight trace earnings (1) 2. Rank SUE from the lowest to the highest 3.

Separate them into antithetic group, for sheath if you have 100 firms, you group into 10 portfolios , each portfolio has around 10 firms LOWEST SURPISE |100 | | |99 | multitude 1 | |98 | | | | | |90 | | | | | | |Group 2! | | | | |10 | | |9 |Group 10 | | | | |1 | | HIGHEST SURPISE 4. We just consider to dread about the lowest.. .If you want to get a entire essay, redact it on our website: OrderCustomPaper.com

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