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	param	t-stat
$m$	41
$α$	0.0937	0.99
$β$	0.8242	20.16
$γ$	-0.0661	-0.31
$λ_{1}$	0.0000	0.00
$λ_{2}$	0.1346	2.23
$λ_{3}$	0.8646	4.51

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Alleghany Corp ILLIQ-MFMEM Liquidity Analysis

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Parameter Estimates

News Impact Curve

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