Franklin Mills Announced at Time T That It Just Sold

Franklin Mills announced at Time t that it just sold its worst performing division.There were no other announcements affecting the firm.The firm's stock had daily returns of −0.2,+0.1,+0.4,−0.1,+0.2 for Time_{t − 2} to Time_{t + 2},respectively.The daily returns on the market were −0.1,+0.2,+0.3,−0.2,and +0.2 for Time_{t − 2} to Time_{t + 2},respectively.What is the cumulative abnormal return for these 5 days?

A) 0.3
B) 0.8
C) 1.1
D) 0.5
E) 0.6