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	param	t-stat
$ω$	0.7221	4.95
$α$	0.1017	8.45
$β$	0.8801	55.49
$γ_{1}$	0.0054	0.74
$γ_{2}$	-0.0701	-4.73

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Bear State Financial Inc Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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