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	param	t-stat
$ω$	1.6620	3.63
$α$	0.0792	2.65
$β$	0.8803	17.23
$γ_{1}$	-0.5773	-3.19

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Boa Vista Servicos S A Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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