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	param	t-stat
$ω$	1.2014	5.38
$α$	0.0887	12.95
$β$	0.9055	130.04
$γ_{1}$	-0.0214	-2.15
$γ_{2}$	0.0467	2.80
$γ_{3}$	-0.0314	-1.72

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Cable & Wireless Communications PLC Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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