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The market's response to the addition of firms to the MSCI USA Index is assessed by testing the statistical significance of abnormal returns surrounding the announcement date (April 30, 2003) and the effective date (May 31, 2003, Saturday). With delays in awarding the contract - no new announcement date has been set - TSA officials could not say whether the Dec. TEI recommends that the government reconsider its general policy of making technical changes to the GST effective from their announcement date. |
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