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	param	t-stat
$ω$	0.9626	3.69
$α$	0.1632	0.12
$β$	0.8368	0.61
$γ_{1}$	-0.1865	-0.02
$γ_{2}$	-0.0522	-0.00

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Tower International Inc Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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