4 2 0 2 4 2 1 0 1 2 3 4 5 x y 002 001 000 001 002 004 002 000 001 002 003 XOM Y Stock Excess Return 5 10 15 20 25 30 00 02 04 06 08 10 ecdfx x Fnx 5 10 15 20 25
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