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	param	t-stat
$ω$	1.0149	6.97
$α$	0.0915	5.44
$β$	0.9085	54.19
$γ_{1}$	-0.1492	-1.20
$γ_{2}$	0.2028	1.31
$γ_{3}$	-0.1974	-1.89

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CEB Inc Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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