id	sid	tid	token	lemma	pos
cjfa-28100	1	1	date	date	NOUN
cjfa-28100	1	2	of	of	ADP
cjfa-28100	1	3	submission	submission	NOUN
cjfa-28100	1	4	:	:	PUNCT
cjfa-28100	1	5	september	september	PROPN
cjfa-28100	1	6	2	2	NUM
cjfa-28100	1	7	,	,	PUNCT
cjfa-28100	1	8	2019	2019	NUM
cjfa-28100	1	9	;	;	PUNCT
cjfa-28100	1	10	date	date	NOUN
cjfa-28100	1	11	of	of	ADP
cjfa-28100	1	12	acceptance	acceptance	NOUN
cjfa-28100	1	13	:	:	PUNCT
cjfa-28100	1	14	september	september	PROPN
cjfa-28100	1	15	31	31	NUM
cjfa-28100	1	16	,	,	PUNCT
cjfa-28100	1	17	2019	2019	NUM
cjfa-28100	1	18	.	.	PUNCT
cjfa-28100	2	1	*	*	PUNCT
cjfa-28100	2	2	contact	contact	NOUN
cjfa-28100	2	3	information	information	NOUN
cjfa-28100	2	4	:	:	PUNCT
cjfa-28100	2	5	nagerisuccess2000@yahoo.co.uk	nagerisuccess2000@yahoo.co.uk	PROPN
cjfa-28100	2	6	,	,	PUNCT
cjfa-28100	2	7	department	department	NOUN
cjfa-28100	2	8	of	of	ADP
cjfa-28100	2	9	banking	banking	NOUN
cjfa-28100	2	10	and	and	CCONJ
cjfa-28100	2	11	finance	finance	NOUN
cjfa-28100	2	12	,	,	PUNCT
cjfa-28100	2	13	al	al	PROPN
cjfa-28100	2	14	-	-	PUNCT
cjfa-28100	2	15	hikmah	hikmah	PROPN
cjfa-28100	2	16	university	university	NOUN
cjfa-28100	2	17	,	,	PUNCT
cjfa-28100	2	18	ilorin	ilorin	NOUN
cjfa-28100	2	19	,	,	PUNCT
cjfa-28100	2	20	nigeria	nigeria	PROPN
cjfa-28100	2	21	,	,	PUNCT
cjfa-28100	2	22	phone	phone	NOUN
cjfa-28100	2	23	:	:	PUNCT
cjfa-28100	2	24	08056172296	08056172296	NUM
cjfa-28100	2	25	;	;	PUNCT
cjfa-28100	2	26	orcid	orcid	PROPN
cjfa-28100	3	1	i	i	NOUN
cjfa-28100	3	2	d	d	NOUN
cjfa-28100	3	3	:	:	PUNCT
cjfa-28100	3	4	https://orcid.org/0000-0002-5569-2169	https://orcid.org/0000-0002-5569-2169	PROPN
cjfa-28100	3	5	.	.	PROPN
cjfa-28100	3	6	copernican	copernican	PROPN
cjfa-28100	3	7	journal	journal	PROPN
cjfa-28100	3	8	of	of	ADP
cjfa-28100	3	9	finance	finance	PROPN
cjfa-28100	3	10	&	&	CCONJ
cjfa-28100	3	11	accounting	accounting	PROPN
cjfa-28100	3	12	e	e	PROPN
cjfa-28100	3	13	-	-	PROPN
cjfa-28100	3	14	issn	issn	PROPN
cjfa-28100	3	15	2300	2300	NUM
cjfa-28100	3	16	-	-	SYM
cjfa-28100	3	17	3065	3065	NUM
cjfa-28100	3	18	p	p	PROPN
cjfa-28100	3	19	-	-	PUNCT
cjfa-28100	3	20	issn	issn	PROPN
cjfa-28100	3	21	2300	2300	NUM
cjfa-28100	3	22	-	-	SYM
cjfa-28100	3	23	12402019	12402019	NUM
cjfa-28100	3	24	,	,	PUNCT
cjfa-28100	3	25	volume	volume	NOUN
cjfa-28100	3	26	8	8	NUM
cjfa-28100	3	27	,	,	PUNCT
cjfa-28100	3	28	issue	issue	VERB
cjfa-28100	3	29	3	3	NUM
cjfa-28100	3	30	nageri	nageri	ADJ
cjfa-28100	3	31	,	,	PUNCT
cjfa-28100	3	32	k.i	k.i	PROPN
cjfa-28100	3	33	.	.	PUNCT
cjfa-28100	4	1	(	(	PUNCT
cjfa-28100	4	2	2019	2019	NUM
cjfa-28100	4	3	)	)	PUNCT
cjfa-28100	4	4	.	.	PUNCT
cjfa-28100	5	1	evaluating	evaluate	VERB
cjfa-28100	5	2	volatility	volatility	NOUN
cjfa-28100	5	3	persistence	persistence	NOUN
cjfa-28100	5	4	of	of	ADP
cjfa-28100	5	5	stock	stock	NOUN
cjfa-28100	5	6	return	return	NOUN
cjfa-28100	5	7	in	in	ADP
cjfa-28100	5	8	the	the	DET
cjfa-28100	5	9	pre	pre	NOUN
cjfa-28100	5	10	and	and	CCONJ
cjfa-28100	5	11	post	post	VERB
cjfa-28100	5	12	20082009	20082009	NUM
cjfa-28100	5	13	financial	financial	ADJ
cjfa-28100	5	14	meltdown	meltdown	NOUN
cjfa-28100	5	15	.	.	PUNCT
cjfa-28100	6	1	copernican	copernican	PROPN
cjfa-28100	6	2	journal	journal	PROPN
cjfa-28100	6	3	of	of	ADP
cjfa-28100	6	4	finance	finance	PROPN
cjfa-28100	6	5	&	&	CCONJ
cjfa-28100	6	6	accounting	accounting	PROPN
cjfa-28100	6	7	,	,	PUNCT
cjfa-28100	6	8	8(3	8(3	NUM
cjfa-28100	6	9	)	)	PUNCT
cjfa-28100	6	10	,	,	PUNCT
cjfa-28100	6	11	75–94	75–94	X
cjfa-28100	6	12	.	.	PUNCT
cjfa-28100	6	13	http://dx.doi	http://dx.doi	NOUN
cjfa-28100	6	14	.	.	PUNCT
cjfa-28100	7	1	org/10.12775	org/10.12775	PROPN
cjfa-28100	7	2	/	/	SYM
cjfa-28100	7	3	cjfa.2019.013	cjfa.2019.013	PROPN
cjfa-28100	7	4	kamaldeen	kamaldeen	VERB
cjfa-28100	7	5	ibraheem	ibraheem	PROPN
cjfa-28100	7	6	nageri	nageri	PROPN
cjfa-28100	7	7	*	*	PROPN
cjfa-28100	7	8	al	al	PROPN
cjfa-28100	7	9	-	-	PUNCT
cjfa-28100	7	10	hikmah	hikmah	NOUN
cjfa-28100	7	11	university	university	NOUN
cjfa-28100	7	12	evaluating	evaluate	VERB
cjfa-28100	7	13	volatility	volatility	NOUN
cjfa-28100	7	14	persistence	persistence	NOUN
cjfa-28100	7	15	of	of	ADP
cjfa-28100	7	16	stock	stock	NOUN
cjfa-28100	7	17	return	return	NOUN
cjfa-28100	7	18	in	in	ADP
cjfa-28100	7	19	the	the	DET
cjfa-28100	7	20	pre	pre	NOUN
cjfa-28100	7	21	and	and	CCONJ
cjfa-28100	7	22	post	post	VERB
cjfa-28100	7	23	2008–2009	2008–2009	NUM
cjfa-28100	7	24	financial	financial	ADJ
cjfa-28100	7	25	meltdown	meltdown	NOUN
cjfa-28100	7	26	keywords	keyword	NOUN
cjfa-28100	7	27	:	:	PUNCT
cjfa-28100	7	28	volatility	volatility	NOUN
cjfa-28100	7	29	persistence	persistence	NOUN
cjfa-28100	7	30	,	,	PUNCT
cjfa-28100	7	31	stock	stock	NOUN
cjfa-28100	7	32	market	market	NOUN
cjfa-28100	7	33	,	,	PUNCT
cjfa-28100	7	34	financial	financial	ADJ
cjfa-28100	7	35	meltdown	meltdown	NOUN
cjfa-28100	7	36	,	,	PUNCT
cjfa-28100	7	37	garch	garch	NOUN
cjfa-28100	7	38	,	,	PUNCT
cjfa-28100	7	39	mean	mean	VERB
cjfa-28100	7	40	reverting	revert	VERB
cjfa-28100	7	41	.	.	PUNCT
cjfa-28100	8	1	j	j	PROPN
cjfa-28100	8	2	e	e	NOUN
cjfa-28100	8	3	l	l	PROPN
cjfa-28100	8	4	classification	classification	NOUN
cjfa-28100	8	5	:	:	PUNCT
cjfa-28100	8	6	c73	c73	NOUN
cjfa-28100	8	7	,	,	PUNCT
cjfa-28100	8	8	g01	g01	NOUN
cjfa-28100	8	9	,	,	PUNCT
cjfa-28100	8	10	g14	g14	NOUN
cjfa-28100	8	11	.	.	PUNCT
cjfa-28100	9	1	abstract	abstract	PROPN
cjfa-28100	9	2	:	:	PUNCT
cjfa-28100	9	3	the	the	DET
cjfa-28100	9	4	nigerian	nigerian	ADJ
cjfa-28100	9	5	stock	stock	NOUN
cjfa-28100	9	6	market	market	NOUN
cjfa-28100	9	7	capitalization	capitalization	NOUN
cjfa-28100	9	8	in	in	ADP
cjfa-28100	9	9	2007	2007	NUM
cjfa-28100	9	10	was	be	AUX
cjfa-28100	9	11	n	n	DET
cjfa-28100	9	12	13.181	13.181	NUM
cjfa-28100	9	13	trillion	trillion	NUM
cjfa-28100	9	14	but	but	CCONJ
cjfa-28100	9	15	due	due	ADP
cjfa-28100	9	16	to	to	ADP
cjfa-28100	9	17	the	the	DET
cjfa-28100	9	18	meltdown	meltdown	NOUN
cjfa-28100	9	19	,	,	PUNCT
cjfa-28100	9	20	it	it	PRON
cjfa-28100	9	21	reduced	reduce	VERB
cjfa-28100	9	22	to	to	ADP
cjfa-28100	9	23	n	n	PROPN
cjfa-28100	9	24	7.030	7.030	NUM
cjfa-28100	9	25	trillion	trillion	NUM
cjfa-28100	9	26	in	in	ADP
cjfa-28100	9	27	2009	2009	NUM
cjfa-28100	9	28	,	,	PUNCT
cjfa-28100	9	29	indicating	indicate	VERB
cjfa-28100	9	30	over	over	ADP
cjfa-28100	9	31	40	40	NUM
cjfa-28100	9	32	%	%	NOUN
cjfa-28100	9	33	loss	loss	NOUN
cjfa-28100	9	34	of	of	ADP
cjfa-28100	9	35	investor	investor	NOUN
cjfa-28100	9	36	’s	’s	PART
cjfa-28100	9	37	value	value	NOUN
cjfa-28100	9	38	.	.	PUNCT
cjfa-28100	10	1	the	the	DET
cjfa-28100	10	2	government	government	NOUN
cjfa-28100	10	3	,	,	PUNCT
cjfa-28100	10	4	through	through	ADP
cjfa-28100	10	5	securities	security	NOUN
cjfa-28100	10	6	and	and	CCONJ
cjfa-28100	10	7	exchange	exchange	PROPN
cjfa-28100	10	8	commission	commission	PROPN
cjfa-28100	10	9	(	(	PUNCT
cjfa-28100	10	10	sec	sec	PROPN
cjfa-28100	10	11	)	)	PUNCT
cjfa-28100	10	12	introduced	introduce	VERB
cjfa-28100	10	13	policies	policy	NOUN
cjfa-28100	10	14	to	to	PART
cjfa-28100	10	15	stem	stem	VERB
cjfa-28100	10	16	the	the	DET
cjfa-28100	10	17	tide	tide	NOUN
cjfa-28100	10	18	of	of	ADP
cjfa-28100	10	19	the	the	DET
cjfa-28100	10	20	crisis	crisis	NOUN
cjfa-28100	10	21	.	.	PUNCT
cjfa-28100	11	1	therefore	therefore	ADV
cjfa-28100	11	2	,	,	PUNCT
cjfa-28100	11	3	this	this	DET
cjfa-28100	11	4	study	study	NOUN
cjfa-28100	11	5	evaluate	evaluate	VERB
cjfa-28100	11	6	volatility	volatility	NOUN
cjfa-28100	11	7	persistence	persistence	NOUN
cjfa-28100	11	8	of	of	ADP
cjfa-28100	11	9	return	return	NOUN
cjfa-28100	11	10	in	in	ADP
cjfa-28100	11	11	the	the	DET
cjfa-28100	11	12	market	market	NOUN
cjfa-28100	11	13	during	during	ADP
cjfa-28100	11	14	pre	pre	ADJ
cjfa-28100	11	15	and	and	CCONJ
cjfa-28100	11	16	post	post	VERB
cjfa-28100	11	17	meltdown	meltdown	NOUN
cjfa-28100	11	18	.	.	PUNCT
cjfa-28100	12	1	the	the	DET
cjfa-28100	12	2	mean	mean	ADJ
cjfa-28100	12	3	reverting	revert	VERB
cjfa-28100	12	4	and	and	CCONJ
cjfa-28100	12	5	half	half	ADJ
cjfa-28100	12	6	-	-	PUNCT
cjfa-28100	12	7	life	life	NOUN
cjfa-28100	12	8	volatility	volatility	NOUN
cjfa-28100	12	9	shock	shock	NOUN
cjfa-28100	12	10	of	of	ADP
cjfa-28100	12	11	the	the	DET
cjfa-28100	12	12	garch	garch	NOUN
cjfa-28100	12	13	model	model	NOUN
cjfa-28100	12	14	under	under	ADP
cjfa-28100	12	15	three	three	NUM
cjfa-28100	12	16	error	error	NOUN
cjfa-28100	12	17	distribution	distribution	NOUN
cjfa-28100	12	18	was	be	AUX
cjfa-28100	12	19	employed	employ	VERB
cjfa-28100	12	20	.	.	PUNCT
cjfa-28100	13	1	finding	finding	NOUN
cjfa-28100	13	2	indicates	indicate	VERB
cjfa-28100	13	3	that	that	SCONJ
cjfa-28100	13	4	return	return	NOUN
cjfa-28100	13	5	on	on	ADP
cjfa-28100	13	6	the	the	DET
cjfa-28100	13	7	exchange	exchange	NOUN
cjfa-28100	13	8	exhibit	exhibit	VERB
cjfa-28100	13	9	high	high	ADJ
cjfa-28100	13	10	volatility	volatility	NOUN
cjfa-28100	13	11	magnitude	magnitude	NOUN
cjfa-28100	13	12	after	after	ADP
cjfa-28100	13	13	the	the	DET
cjfa-28100	13	14	meltdown	meltdown	NOUN
cjfa-28100	13	15	but	but	CCONJ
cjfa-28100	13	16	very	very	ADV
cjfa-28100	13	17	low	low	ADJ
cjfa-28100	13	18	volatility	volatility	NOUN
cjfa-28100	13	19	magnitude	magnitude	NOUN
cjfa-28100	13	20	before	before	ADP
cjfa-28100	13	21	the	the	DET
cjfa-28100	13	22	meltdown	meltdown	NOUN
cjfa-28100	13	23	.	.	PUNCT
cjfa-28100	14	1	the	the	DET
cjfa-28100	14	2	generalized	generalize	VERB
cjfa-28100	14	3	error	error	NOUN
cjfa-28100	14	4	distribution	distribution	NOUN
cjfa-28100	14	5	give	give	VERB
cjfa-28100	14	6	the	the	DET
cjfa-28100	14	7	best	good	ADJ
cjfa-28100	14	8	estimate	estimate	NOUN
cjfa-28100	14	9	for	for	ADP
cjfa-28100	14	10	pre	pre	ADJ
cjfa-28100	14	11	and	and	CCONJ
cjfa-28100	14	12	post	post	VERB
cjfa-28100	14	13	meltdown	meltdown	NOUN
cjfa-28100	14	14	.	.	PUNCT
cjfa-28100	15	1	the	the	DET
cjfa-28100	15	2	study	study	NOUN
cjfa-28100	15	3	recommend	recommend	VERB
cjfa-28100	15	4	the	the	DET
cjfa-28100	15	5	need	need	NOUN
cjfa-28100	15	6	to	to	PART
cjfa-28100	15	7	strictly	strictly	ADV
cjfa-28100	15	8	monitor	monitor	VERB
cjfa-28100	15	9	,	,	PUNCT
cjfa-28100	15	10	restrict	restrict	VERB
cjfa-28100	15	11	and	and	CCONJ
cjfa-28100	15	12	regulate	regulate	VERB
cjfa-28100	15	13	desperately	desperately	ADV
cjfa-28100	15	14	optimistic	optimistic	ADJ
cjfa-28100	15	15	noise	noise	NOUN
cjfa-28100	15	16	(	(	PUNCT
cjfa-28100	15	17	rumour	rumour	NOUN
cjfa-28100	15	18	)	)	PUNCT
cjfa-28100	15	19	traders	trader	NOUN
cjfa-28100	15	20	(	(	PUNCT
cjfa-28100	15	21	investors	investor	NOUN
cjfa-28100	15	22	)	)	PUNCT
cjfa-28100	15	23	in	in	ADP
cjfa-28100	15	24	the	the	DET
cjfa-28100	15	25	market	market	NOUN
cjfa-28100	15	26	,	,	PUNCT
cjfa-28100	15	27	shorting	short	VERB
cjfa-28100	15	28	to	to	PART
cjfa-28100	15	29	make	make	VERB
cjfa-28100	15	30	money	money	NOUN
cjfa-28100	15	31	.	.	PUNCT
cjfa-28100	16	1	kamaldeen	kamaldeen	VERB
cjfa-28100	16	2	ibraheem	ibraheem	PROPN
cjfa-28100	16	3	nageri76	nageri76	PROPN
cjfa-28100	16	4	xj	xj	PROPN
cjfa-28100	16	5	,	,	PUNCT
cjfa-28100	16	6	t+1	t+1	PROPN
cjfa-28100	16	7	 	 	SPACE
cjfa-28100	16	8	introduction	introduction	NOUN
cjfa-28100	16	9	the	the	DET
cjfa-28100	16	10	nigerian	nigerian	ADJ
cjfa-28100	16	11	stock	stock	NOUN
cjfa-28100	16	12	market	market	NOUN
cjfa-28100	16	13	capitalization	capitalization	NOUN
cjfa-28100	16	14	in	in	ADP
cjfa-28100	16	15	2007	2007	NUM
cjfa-28100	16	16	was	be	AUX
cjfa-28100	16	17	n	n	PRON
cjfa-28100	16	18	13.181	13.181	NUM
cjfa-28100	16	19	trillion	trillion	NUM
cjfa-28100	16	20	but	but	CCONJ
cjfa-28100	16	21	as	as	ADP
cjfa-28100	16	22	a	a	DET
cjfa-28100	16	23	result	result	NOUN
cjfa-28100	16	24	of	of	ADP
cjfa-28100	16	25	the	the	DET
cjfa-28100	16	26	meltdown	meltdown	NOUN
cjfa-28100	16	27	,	,	PUNCT
cjfa-28100	16	28	it	it	PRON
cjfa-28100	16	29	reduced	reduce	VERB
cjfa-28100	16	30	to	to	ADP
cjfa-28100	16	31	n	n	PROPN
cjfa-28100	16	32	7.030	7.030	NUM
cjfa-28100	16	33	trillion	trillion	NUM
cjfa-28100	16	34	in	in	ADP
cjfa-28100	16	35	2009	2009	NUM
cjfa-28100	16	36	,	,	PUNCT
cjfa-28100	16	37	indicating	indicate	VERB
cjfa-28100	16	38	more	more	ADJ
cjfa-28100	16	39	than	than	ADP
cjfa-28100	16	40	40	40	NUM
cjfa-28100	16	41	%	%	NOUN
cjfa-28100	16	42	loss	loss	NOUN
cjfa-28100	16	43	of	of	ADP
cjfa-28100	16	44	investor	investor	NOUN
cjfa-28100	16	45	’s	’s	PART
cjfa-28100	16	46	value	value	NOUN
cjfa-28100	16	47	(	(	PUNCT
cjfa-28100	16	48	cbn	cbn	PROPN
cjfa-28100	16	49	,	,	PUNCT
cjfa-28100	16	50	2014	2014	NUM
cjfa-28100	16	51	;	;	PUNCT
cjfa-28100	16	52	okereke	okereke	ADJ
cjfa-28100	16	53	-	-	PUNCT
cjfa-28100	16	54	onyiuke	onyiuke	NOUN
cjfa-28100	16	55	,	,	PUNCT
cjfa-28100	16	56	2009	2009	NUM
cjfa-28100	16	57	;	;	PUNCT
cjfa-28100	16	58	2010	2010	NUM
cjfa-28100	16	59	)	)	PUNCT
cjfa-28100	16	60	.	.	PUNCT
cjfa-28100	17	1	as	as	ADP
cjfa-28100	17	2	a	a	DET
cjfa-28100	17	3	result	result	NOUN
cjfa-28100	17	4	,	,	PUNCT
cjfa-28100	17	5	the	the	DET
cjfa-28100	17	6	nigerian	nigerian	ADJ
cjfa-28100	17	7	government	government	NOUN
cjfa-28100	17	8	,	,	PUNCT
cjfa-28100	17	9	through	through	ADP
cjfa-28100	17	10	securities	security	NOUN
cjfa-28100	17	11	and	and	CCONJ
cjfa-28100	17	12	exchange	exchange	PROPN
cjfa-28100	17	13	commission	commission	PROPN
cjfa-28100	17	14	(	(	PUNCT
cjfa-28100	17	15	sec	sec	PROPN
cjfa-28100	17	16	)	)	PUNCT
cjfa-28100	17	17	introduced	introduce	VERB
cjfa-28100	17	18	policies	policy	NOUN
cjfa-28100	17	19	to	to	PART
cjfa-28100	17	20	stem	stem	VERB
cjfa-28100	17	21	the	the	DET
cjfa-28100	17	22	tide	tide	NOUN
cjfa-28100	17	23	of	of	ADP
cjfa-28100	17	24	the	the	DET
cjfa-28100	17	25	crisis	crisis	NOUN
cjfa-28100	17	26	on	on	ADP
cjfa-28100	17	27	the	the	DET
cjfa-28100	17	28	nigerian	nigerian	ADJ
cjfa-28100	17	29	stock	stock	NOUN
cjfa-28100	17	30	market	market	NOUN
cjfa-28100	17	31	.	.	PUNCT
cjfa-28100	18	1	these	these	DET
cjfa-28100	18	2	policies	policy	NOUN
cjfa-28100	18	3	,	,	PUNCT
cjfa-28100	18	4	among	among	ADP
cjfa-28100	18	5	others	other	NOUN
cjfa-28100	18	6	include	include	VERB
cjfa-28100	18	7	;	;	PUNCT
cjfa-28100	18	8	reduction	reduction	NOUN
cjfa-28100	18	9	of	of	ADP
cjfa-28100	18	10	the	the	DET
cjfa-28100	18	11	transaction	transaction	NOUN
cjfa-28100	18	12	fees	fee	NOUN
cjfa-28100	18	13	by	by	ADP
cjfa-28100	18	14	50	50	NUM
cjfa-28100	18	15	%	%	NOUN
cjfa-28100	18	16	,	,	PUNCT
cjfa-28100	18	17	daily	daily	ADJ
cjfa-28100	18	18	1	1	NUM
cjfa-28100	18	19	%	%	NOUN
cjfa-28100	18	20	maximum	maximum	ADJ
cjfa-28100	18	21	share	share	NOUN
cjfa-28100	18	22	price	price	NOUN
cjfa-28100	18	23	loss	loss	NOUN
cjfa-28100	18	24	and	and	CCONJ
cjfa-28100	18	25	5	5	NUM
cjfa-28100	18	26	%	%	NOUN
cjfa-28100	18	27	share	share	NOUN
cjfa-28100	18	28	price	price	NOUN
cjfa-28100	18	29	gain	gain	NOUN
cjfa-28100	18	30	,	,	PUNCT
cjfa-28100	18	31	which	which	PRON
cjfa-28100	18	32	was	be	AUX
cjfa-28100	18	33	later	later	ADV
cjfa-28100	18	34	put	put	VERB
cjfa-28100	18	35	at	at	ADP
cjfa-28100	18	36	5	5	NUM
cjfa-28100	18	37	%	%	NOUN
cjfa-28100	18	38	either	either	DET
cjfa-28100	18	39	way	way	NOUN
cjfa-28100	18	40	in	in	ADP
cjfa-28100	18	41	october	october	PROPN
cjfa-28100	18	42	2008	2008	NUM
cjfa-28100	18	43	.	.	PUNCT
cjfa-28100	19	1	these	these	DET
cjfa-28100	19	2	and	and	CCONJ
cjfa-28100	19	3	other	other	ADJ
cjfa-28100	19	4	policies	policy	NOUN
cjfa-28100	19	5	were	be	AUX
cjfa-28100	19	6	introduced	introduce	VERB
cjfa-28100	19	7	which	which	PRON
cjfa-28100	19	8	constitute	constitute	VERB
cjfa-28100	19	9	a	a	DET
cjfa-28100	19	10	break	break	NOUN
cjfa-28100	19	11	in	in	ADP
cjfa-28100	19	12	the	the	DET
cjfa-28100	19	13	structure	structure	NOUN
cjfa-28100	19	14	and	and	CCONJ
cjfa-28100	19	15	operation	operation	NOUN
cjfa-28100	19	16	of	of	ADP
cjfa-28100	19	17	the	the	DET
cjfa-28100	19	18	nigerian	nigerian	ADJ
cjfa-28100	19	19	stock	stock	NOUN
cjfa-28100	19	20	market	market	NOUN
cjfa-28100	19	21	effected	effect	VERB
cjfa-28100	19	22	the	the	DET
cjfa-28100	19	23	volatility	volatility	NOUN
cjfa-28100	19	24	persistence	persistence	NOUN
cjfa-28100	19	25	of	of	ADP
cjfa-28100	19	26	the	the	DET
cjfa-28100	19	27	exchange	exchange	NOUN
cjfa-28100	19	28	.	.	PUNCT
cjfa-28100	20	1	therefore	therefore	ADV
cjfa-28100	20	2	,	,	PUNCT
cjfa-28100	20	3	there	there	PRON
cjfa-28100	20	4	is	be	VERB
cjfa-28100	20	5	the	the	DET
cjfa-28100	20	6	need	need	NOUN
cjfa-28100	20	7	to	to	PART
cjfa-28100	20	8	evaluate	evaluate	VERB
cjfa-28100	20	9	the	the	DET
cjfa-28100	20	10	effect	effect	NOUN
cjfa-28100	20	11	of	of	ADP
cjfa-28100	20	12	the	the	DET
cjfa-28100	20	13	policies	policy	NOUN
cjfa-28100	20	14	introduced	introduce	VERB
cjfa-28100	20	15	on	on	ADP
cjfa-28100	20	16	volatility	volatility	NOUN
cjfa-28100	20	17	persistence	persistence	NOUN
cjfa-28100	20	18	of	of	ADP
cjfa-28100	20	19	return	return	NOUN
cjfa-28100	20	20	in	in	ADP
cjfa-28100	20	21	the	the	DET
cjfa-28100	20	22	market	market	NOUN
cjfa-28100	20	23	during	during	ADP
cjfa-28100	20	24	pre	pre	ADJ
cjfa-28100	20	25	and	and	CCONJ
cjfa-28100	20	26	post	post	VERB
cjfa-28100	20	27	meltdown	meltdown	NOUN
cjfa-28100	20	28	.	.	PUNCT
cjfa-28100	21	1	this	this	PRON
cjfa-28100	21	2	will	will	AUX
cjfa-28100	21	3	give	give	VERB
cjfa-28100	21	4	impetus	impetus	NOUN
cjfa-28100	21	5	to	to	ADP
cjfa-28100	21	6	the	the	DET
cjfa-28100	21	7	effect	effect	NOUN
cjfa-28100	21	8	of	of	ADP
cjfa-28100	21	9	the	the	DET
cjfa-28100	21	10	policies	policy	NOUN
cjfa-28100	21	11	introduced	introduce	VERB
cjfa-28100	21	12	and	and	CCONJ
cjfa-28100	21	13	provide	provide	VERB
cjfa-28100	21	14	a	a	DET
cjfa-28100	21	15	guide	guide	NOUN
cjfa-28100	21	16	into	into	ADP
cjfa-28100	21	17	the	the	DET
cjfa-28100	21	18	future	future	NOUN
cjfa-28100	21	19	.	.	PUNCT
cjfa-28100	22	1	consequently	consequently	ADV
cjfa-28100	22	2	,	,	PUNCT
cjfa-28100	22	3	the	the	DET
cjfa-28100	22	4	objective	objective	NOUN
cjfa-28100	22	5	of	of	ADP
cjfa-28100	22	6	the	the	DET
cjfa-28100	22	7	study	study	NOUN
cjfa-28100	22	8	is	be	AUX
cjfa-28100	22	9	to	to	PART
cjfa-28100	22	10	evaluate	evaluate	VERB
cjfa-28100	22	11	the	the	DET
cjfa-28100	22	12	volatility	volatility	NOUN
cjfa-28100	22	13	persistence	persistence	NOUN
cjfa-28100	22	14	of	of	ADP
cjfa-28100	22	15	stock	stock	NOUN
cjfa-28100	22	16	return	return	NOUN
cjfa-28100	22	17	in	in	ADP
cjfa-28100	22	18	the	the	DET
cjfa-28100	22	19	pre	pre	NOUN
cjfa-28100	22	20	and	and	CCONJ
cjfa-28100	22	21	post	post	VERB
cjfa-28100	22	22	2008–2009	2008–2009	NUM
cjfa-28100	22	23	financial	financial	ADJ
cjfa-28100	22	24	meltdown	meltdown	NOUN
cjfa-28100	22	25	in	in	ADP
cjfa-28100	22	26	the	the	DET
cjfa-28100	22	27	nigerian	nigerian	ADJ
cjfa-28100	22	28	stock	stock	NOUN
cjfa-28100	22	29	exchange	exchange	PROPN
cjfa-28100	22	30	.	.	PUNCT
cjfa-28100	23	1	this	this	DET
cjfa-28100	23	2	study	study	NOUN
cjfa-28100	23	3	is	be	AUX
cjfa-28100	23	4	significant	significant	ADJ
cjfa-28100	23	5	to	to	ADP
cjfa-28100	23	6	academia	academia	NOUN
cjfa-28100	23	7	,	,	PUNCT
cjfa-28100	23	8	financial	financial	ADJ
cjfa-28100	23	9	analyst	analyst	NOUN
cjfa-28100	23	10	and	and	CCONJ
cjfa-28100	23	11	market	market	NOUN
cjfa-28100	23	12	participants	participant	NOUN
cjfa-28100	23	13	in	in	ADP
cjfa-28100	23	14	decision	decision	NOUN
cjfa-28100	23	15	making	make	VERB
cjfa-28100	23	16	on	on	ADP
cjfa-28100	23	17	portfolio	portfolio	NOUN
cjfa-28100	23	18	selection	selection	NOUN
cjfa-28100	23	19	,	,	PUNCT
cjfa-28100	23	20	option	option	NOUN
cjfa-28100	23	21	pricing	pricing	NOUN
cjfa-28100	23	22	,	,	PUNCT
cjfa-28100	23	23	risk	risk	NOUN
cjfa-28100	23	24	management	management	NOUN
cjfa-28100	23	25	,	,	PUNCT
cjfa-28100	23	26	hedging	hedging	NOUN
cjfa-28100	23	27	,	,	PUNCT
cjfa-28100	23	28	etc	etc	X
cjfa-28100	23	29	.	.	X
cjfa-28100	23	30	estimating	estimate	VERB
cjfa-28100	23	31	volatility	volatility	NOUN
cjfa-28100	23	32	persistence	persistence	NOUN
cjfa-28100	23	33	provides	provide	VERB
cjfa-28100	23	34	the	the	DET
cjfa-28100	23	35	regulators	regulator	NOUN
cjfa-28100	23	36	the	the	DET
cjfa-28100	23	37	opportunity	opportunity	NOUN
cjfa-28100	23	38	to	to	PART
cjfa-28100	23	39	formulate	formulate	VERB
cjfa-28100	23	40	policies	policy	NOUN
cjfa-28100	23	41	that	that	PRON
cjfa-28100	23	42	will	will	AUX
cjfa-28100	23	43	better	well	ADV
cjfa-28100	23	44	the	the	DET
cjfa-28100	23	45	lots	lot	NOUN
cjfa-28100	23	46	of	of	ADP
cjfa-28100	23	47	investors	investor	NOUN
cjfa-28100	23	48	who	who	PRON
cjfa-28100	23	49	will	will	AUX
cjfa-28100	23	50	subsequently	subsequently	ADV
cjfa-28100	23	51	make	make	VERB
cjfa-28100	23	52	informed	informed	ADJ
cjfa-28100	23	53	investment	investment	NOUN
cjfa-28100	23	54	decision	decision	NOUN
cjfa-28100	23	55	.	.	PUNCT
cjfa-28100	24	1	the	the	DET
cjfa-28100	24	2	study	study	NOUN
cjfa-28100	24	3	used	use	VERB
cjfa-28100	24	4	various	various	ADJ
cjfa-28100	24	5	volatility	volatility	NOUN
cjfa-28100	24	6	models	model	NOUN
cjfa-28100	24	7	and	and	CCONJ
cjfa-28100	24	8	compare	compare	VERB
cjfa-28100	24	9	the	the	DET
cjfa-28100	24	10	volatility	volatility	NOUN
cjfa-28100	24	11	persistence	persistence	NOUN
cjfa-28100	24	12	of	of	ADP
cjfa-28100	24	13	the	the	DET
cjfa-28100	24	14	pre	pre	NOUN
cjfa-28100	24	15	and	and	CCONJ
cjfa-28100	24	16	post	post	VERB
cjfa-28100	24	17	financial	financial	ADJ
cjfa-28100	24	18	meltdown	meltdown	NOUN
cjfa-28100	24	19	and	and	CCONJ
cjfa-28100	24	20	also	also	ADV
cjfa-28100	24	21	offer	offer	VERB
cjfa-28100	24	22	the	the	DET
cjfa-28100	24	23	model	model	NOUN
cjfa-28100	24	24	with	with	ADP
cjfa-28100	24	25	the	the	DET
cjfa-28100	24	26	most	most	ADV
cjfa-28100	24	27	efficient	efficient	ADJ
cjfa-28100	24	28	estimate	estimate	NOUN
cjfa-28100	24	29	for	for	ADP
cjfa-28100	24	30	the	the	DET
cjfa-28100	24	31	measurement	measurement	NOUN
cjfa-28100	24	32	of	of	ADP
cjfa-28100	24	33	volatility	volatility	NOUN
cjfa-28100	24	34	persistence	persistence	NOUN
cjfa-28100	24	35	.	.	PUNCT
cjfa-28100	25	1	the	the	DET
cjfa-28100	25	2	rest	rest	NOUN
cjfa-28100	25	3	of	of	ADP
cjfa-28100	25	4	the	the	DET
cjfa-28100	25	5	paper	paper	NOUN
cjfa-28100	25	6	is	be	AUX
cjfa-28100	25	7	organized	organize	VERB
cjfa-28100	25	8	into	into	ADP
cjfa-28100	25	9	sections	section	NOUN
cjfa-28100	25	10	;	;	PUNCT
cjfa-28100	25	11	section	section	NOUN
cjfa-28100	25	12	two	two	NUM
cjfa-28100	25	13	is	be	AUX
cjfa-28100	25	14	for	for	ADP
cjfa-28100	25	15	literature	literature	NOUN
cjfa-28100	25	16	review	review	NOUN
cjfa-28100	25	17	and	and	CCONJ
cjfa-28100	25	18	section	section	NOUN
cjfa-28100	25	19	three	three	NUM
cjfa-28100	25	20	is	be	AUX
cjfa-28100	25	21	for	for	ADP
cjfa-28100	25	22	methodology	methodology	NOUN
cjfa-28100	25	23	.	.	PUNCT
cjfa-28100	26	1	section	section	NOUN
cjfa-28100	26	2	four	four	NUM
cjfa-28100	26	3	is	be	AUX
cjfa-28100	26	4	for	for	ADP
cjfa-28100	26	5	discussion	discussion	NOUN
cjfa-28100	26	6	of	of	ADP
cjfa-28100	26	7	findings	finding	NOUN
cjfa-28100	26	8	while	while	SCONJ
cjfa-28100	26	9	section	section	NOUN
cjfa-28100	26	10	five	five	NUM
cjfa-28100	26	11	is	be	AUX
cjfa-28100	26	12	for	for	ADP
cjfa-28100	26	13	summary	summary	NOUN
cjfa-28100	26	14	,	,	PUNCT
cjfa-28100	26	15	conclusion	conclusion	NOUN
cjfa-28100	26	16	and	and	CCONJ
cjfa-28100	26	17	recommendations	recommendation	NOUN
cjfa-28100	26	18	.	.	PUNCT
cjfa-28100	27	1	literature	literature	NOUN
cjfa-28100	27	2	review	review	PROPN
cjfa-28100	27	3	stock	stock	NOUN
cjfa-28100	27	4	return	return	NOUN
cjfa-28100	27	5	is	be	AUX
cjfa-28100	27	6	extensively	extensively	ADV
cjfa-28100	27	7	known	know	VERB
cjfa-28100	27	8	to	to	PART
cjfa-28100	27	9	display	display	VERB
cjfa-28100	27	10	both	both	DET
cjfa-28100	27	11	stochastic	stochastic	ADJ
cjfa-28100	27	12	volatility	volatility	NOUN
cjfa-28100	27	13	and	and	CCONJ
cjfa-28100	27	14	jumps	jump	VERB
cjfa-28100	27	15	from	from	ADP
cjfa-28100	27	16	time	time	NOUN
cjfa-28100	27	17	-	-	PUNCT
cjfa-28100	27	18	series	series	NOUN
cjfa-28100	27	19	studies	study	NOUN
cjfa-28100	27	20	of	of	ADP
cjfa-28100	27	21	stock	stock	NOUN
cjfa-28100	27	22	prices	price	NOUN
cjfa-28100	27	23	and	and	CCONJ
cjfa-28100	27	24	cross	cross	ADJ
cjfa-28100	27	25	-	-	ADJ
cjfa-28100	27	26	sectional	sectional	ADJ
cjfa-28100	27	27	studies	study	NOUN
cjfa-28100	27	28	of	of	ADP
cjfa-28100	27	29	stock	stock	NOUN
cjfa-28100	27	30	options	option	NOUN
cjfa-28100	27	31	(	(	PUNCT
cjfa-28100	27	32	bakshi	bakshi	PROPN
cjfa-28100	27	33	,	,	PUNCT
cjfa-28100	27	34	cao	cao	PROPN
cjfa-28100	27	35	&	&	CCONJ
cjfa-28100	27	36	chen	chen	PROPN
cjfa-28100	27	37	,	,	PUNCT
cjfa-28100	27	38	1997	1997	NUM
cjfa-28100	27	39	;	;	PUNCT
cjfa-28100	27	40	bates	bate	NOUN
cjfa-28100	27	41	,	,	PUNCT
cjfa-28100	27	42	2000	2000	NUM
cjfa-28100	27	43	)	)	PUNCT
cjfa-28100	27	44	.	.	PUNCT
cjfa-28100	28	1	volatility	volatility	NOUN
cjfa-28100	28	2	denotes	denote	VERB
cjfa-28100	28	3	the	the	DET
cjfa-28100	28	4	extent	extent	NOUN
cjfa-28100	28	5	of	of	ADP
cjfa-28100	28	6	uncertainty	uncertainty	NOUN
cjfa-28100	28	7	(	(	PUNCT
cjfa-28100	28	8	risk	risk	NOUN
cjfa-28100	28	9	)	)	PUNCT
cjfa-28100	28	10	on	on	ADP
cjfa-28100	28	11	the	the	DET
cjfa-28100	28	12	magnitude	magnitude	NOUN
cjfa-28100	28	13	of	of	ADP
cjfa-28100	28	14	deviations	deviation	NOUN
cjfa-28100	28	15	in	in	ADP
cjfa-28100	28	16	share	share	NOUN
cjfa-28100	28	17	price	price	NOUN
cjfa-28100	28	18	or	or	CCONJ
cjfa-28100	28	19	return	return	NOUN
cjfa-28100	28	20	(	(	PUNCT
cjfa-28100	28	21	campbell	campbell	PROPN
cjfa-28100	28	22	,	,	PUNCT
cjfa-28100	28	23	lettau	lettau	PROPN
cjfa-28100	28	24	,	,	PUNCT
cjfa-28100	28	25	malkiel	malkiel	PROPN
cjfa-28100	28	26	&	&	CCONJ
cjfa-28100	28	27	xu	xu	PROPN
cjfa-28100	28	28	,	,	PUNCT
cjfa-28100	28	29	2001	2001	NUM
cjfa-28100	28	30	;	;	PUNCT
cjfa-28100	28	31	shiller	shiller	PROPN
cjfa-28100	28	32	,	,	PUNCT
cjfa-28100	28	33	2000	2000	NUM
cjfa-28100	28	34	;	;	PUNCT
cjfa-28100	28	35	pastor	pastor	NOUN
cjfa-28100	28	36	&	&	CCONJ
cjfa-28100	28	37	verone	verone	NOUN
cjfa-28100	28	38	evaluating	evaluate	VERB
cjfa-28100	28	39	volatility	volatility	NOUN
cjfa-28100	28	40	persistence	persistence	NOUN
cjfa-28100	28	41	of	of	ADP
cjfa-28100	28	42	stock	stock	NOUN
cjfa-28100	28	43	return	return	NOUN
cjfa-28100	28	44	…	…	PUNCT
cjfa-28100	28	45	77	77	NUM
cjfa-28100	28	46	si	si	NOUN
cjfa-28100	28	47	,	,	PUNCT
cjfa-28100	28	48	2006	2006	NUM
cjfa-28100	28	49	)	)	PUNCT
cjfa-28100	28	50	.	.	PUNCT
cjfa-28100	29	1	it	it	PRON
cjfa-28100	29	2	is	be	AUX
cjfa-28100	29	3	a	a	DET
cjfa-28100	29	4	statistical	statistical	ADJ
cjfa-28100	29	5	extent	extent	NOUN
cjfa-28100	29	6	of	of	ADP
cjfa-28100	29	7	the	the	DET
cjfa-28100	29	8	dispersion	dispersion	NOUN
cjfa-28100	29	9	of	of	ADP
cjfa-28100	29	10	returns	return	NOUN
cjfa-28100	29	11	for	for	ADP
cjfa-28100	29	12	a	a	DET
cjfa-28100	29	13	given	give	VERB
cjfa-28100	29	14	share	share	NOUN
cjfa-28100	29	15	price	price	NOUN
cjfa-28100	29	16	or	or	CCONJ
cjfa-28100	29	17	market	market	NOUN
cjfa-28100	29	18	index	index	NOUN
cjfa-28100	29	19	.	.	PUNCT
cjfa-28100	30	1	volatility	volatility	NOUN
cjfa-28100	30	2	can	can	AUX
cjfa-28100	30	3	be	be	AUX
cjfa-28100	30	4	measured	measure	VERB
cjfa-28100	30	5	by	by	ADP
cjfa-28100	30	6	using	use	VERB
cjfa-28100	30	7	the	the	DET
cjfa-28100	30	8	standard	standard	ADJ
cjfa-28100	30	9	deviation	deviation	NOUN
cjfa-28100	30	10	or	or	CCONJ
cjfa-28100	30	11	variance	variance	NOUN
cjfa-28100	30	12	between	between	ADP
cjfa-28100	30	13	returns	return	NOUN
cjfa-28100	30	14	from	from	ADP
cjfa-28100	30	15	same	same	ADJ
cjfa-28100	30	16	share	share	NOUN
cjfa-28100	30	17	price	price	NOUN
cjfa-28100	30	18	or	or	CCONJ
cjfa-28100	30	19	market	market	NOUN
cjfa-28100	30	20	index	index	NOUN
cjfa-28100	30	21	(	(	PUNCT
cjfa-28100	30	22	chao	chao	PROPN
cjfa-28100	30	23	,	,	PUNCT
cjfa-28100	30	24	liu	liu	PROPN
cjfa-28100	30	25	&	&	CCONJ
cjfa-28100	30	26	guo	guo	PROPN
cjfa-28100	30	27	,	,	PUNCT
cjfa-28100	30	28	2017	2017	NUM
cjfa-28100	30	29	)	)	PUNCT
cjfa-28100	30	30	.	.	PUNCT
cjfa-28100	31	1	an	an	DET
cjfa-28100	31	2	increased	increase	VERB
cjfa-28100	31	3	volatility	volatility	NOUN
cjfa-28100	31	4	denotes	denote	VERB
cjfa-28100	31	5	that	that	SCONJ
cjfa-28100	31	6	a	a	DET
cjfa-28100	31	7	share	share	NOUN
cjfa-28100	31	8	price	price	NOUN
cjfa-28100	31	9	can	can	AUX
cjfa-28100	31	10	possibly	possibly	ADV
cjfa-28100	31	11	be	be	AUX
cjfa-28100	31	12	spread	spread	VERB
cjfa-28100	31	13	out	out	ADP
cjfa-28100	31	14	over	over	ADP
cjfa-28100	31	15	a	a	DET
cjfa-28100	31	16	higher	high	ADJ
cjfa-28100	31	17	range	range	NOUN
cjfa-28100	31	18	of	of	ADP
cjfa-28100	31	19	prices	price	NOUN
cjfa-28100	31	20	,	,	PUNCT
cjfa-28100	31	21	indicating	indicate	VERB
cjfa-28100	31	22	that	that	SCONJ
cjfa-28100	31	23	the	the	DET
cjfa-28100	31	24	share	share	NOUN
cjfa-28100	31	25	price	price	NOUN
cjfa-28100	31	26	can	can	AUX
cjfa-28100	31	27	change	change	VERB
cjfa-28100	31	28	radically	radically	ADV
cjfa-28100	31	29	over	over	ADP
cjfa-28100	31	30	a	a	DET
cjfa-28100	31	31	short	short	ADJ
cjfa-28100	31	32	time	time	NOUN
cjfa-28100	31	33	period	period	NOUN
cjfa-28100	31	34	in	in	ADP
cjfa-28100	31	35	any	any	DET
cjfa-28100	31	36	direction	direction	NOUN
cjfa-28100	31	37	.	.	PUNCT
cjfa-28100	32	1	a	a	DET
cjfa-28100	32	2	decreased	decrease	VERB
cjfa-28100	32	3	volatility	volatility	NOUN
cjfa-28100	32	4	denotes	denote	NOUN
cjfa-28100	32	5	that	that	PRON
cjfa-28100	32	6	share	share	VERB
cjfa-28100	32	7	price	price	NOUN
cjfa-28100	32	8	vary	vary	NOUN
cjfa-28100	32	9	at	at	ADP
cjfa-28100	32	10	a	a	DET
cjfa-28100	32	11	stable	stable	ADJ
cjfa-28100	32	12	speed	speed	NOUN
cjfa-28100	32	13	over	over	ADP
cjfa-28100	32	14	a	a	DET
cjfa-28100	32	15	period	period	NOUN
cjfa-28100	32	16	,	,	PUNCT
cjfa-28100	32	17	the	the	PRON
cjfa-28100	32	18	higher	high	ADJ
cjfa-28100	32	19	the	the	DET
cjfa-28100	32	20	volatility	volatility	NOUN
cjfa-28100	32	21	,	,	PUNCT
cjfa-28100	32	22	the	the	DET
cjfa-28100	32	23	riskier	risky	ADJ
cjfa-28100	32	24	(	(	PUNCT
cjfa-28100	32	25	fostel	fostel	PROPN
cjfa-28100	32	26	&	&	CCONJ
cjfa-28100	32	27	geanakoplos	geanakoplos	PROPN
cjfa-28100	32	28	,	,	PUNCT
cjfa-28100	32	29	2012	2012	NUM
cjfa-28100	32	30	)	)	PUNCT
cjfa-28100	32	31	.	.	PUNCT
cjfa-28100	33	1	theoretically	theoretically	ADV
cjfa-28100	33	2	,	,	PUNCT
cjfa-28100	33	3	the	the	DET
cjfa-28100	33	4	fair	fair	ADJ
cjfa-28100	33	5	game	game	NOUN
cjfa-28100	33	6	model	model	NOUN
cjfa-28100	33	7	states	state	VERB
cjfa-28100	33	8	the	the	DET
cjfa-28100	33	9	stochastic	stochastic	ADJ
cjfa-28100	33	10	process	process	NOUN
cjfa-28100	33	11	of	of	ADP
cjfa-28100	33	12	with	with	ADP
cjfa-28100	33	13	the	the	DET
cjfa-28100	33	14	conditional	conditional	ADJ
cjfa-28100	33	15	information	information	NOUN
cjfa-28100	33	16	set	set	VERB
cjfa-28100	33	17	if	if	SCONJ
cjfa-28100	33	18	it	it	PRON
cjfa-28100	33	19	has	have	VERB
cjfa-28100	33	20	the	the	DET
cjfa-28100	33	21	following	follow	VERB
cjfa-28100	33	22	property	property	NOUN
cjfa-28100	33	23	:	:	PUNCT
cjfa-28100	33	24	�	�	PROPN
cjfa-28100	33	25	(	(	PUNCT
cjfa-28100	33	26	�	�	PROPN
cjfa-28100	33	27	�	�	PROPN
cjfa-28100	33	28	�	�	PROPN
cjfa-28100	33	29	�	�	PROPN
cjfa-28100	33	30	|	|	NOUN
cjfa-28100	33	31	�	�	PROPN
cjfa-28100	33	32	�	�	PROPN
cjfa-28100	33	33	)	)	PUNCT
cjfa-28100	33	34	=	=	SYM
cjfa-28100	33	35	0	0	NUM
cjfa-28100	34	1	(	(	PUNCT
cjfa-28100	34	2	1	1	NUM
cjfa-28100	34	3	)	)	PUNCT
cjfa-28100	34	4	expression	expression	NOUN
cjfa-28100	34	5	(	(	PUNCT
cjfa-28100	34	6	1	1	X
cjfa-28100	34	7	)	)	PUNCT
cjfa-28100	34	8	indicates	indicate	VERB
cjfa-28100	34	9	that	that	SCONJ
cjfa-28100	34	10	average	average	ADJ
cjfa-28100	34	11	excess	excess	ADJ
cjfa-28100	34	12	return	return	NOUN
cjfa-28100	34	13	overtime	overtime	NOUN
cjfa-28100	34	14	is	be	AUX
cjfa-28100	34	15	zero	zero	NUM
cjfa-28100	34	16	.	.	PUNCT
cjfa-28100	35	1	the	the	DET
cjfa-28100	35	2	fair	fair	ADJ
cjfa-28100	35	3	game	game	NOUN
cjfa-28100	35	4	model	model	NOUN
cjfa-28100	35	5	is	be	AUX
cjfa-28100	35	6	based	base	VERB
cjfa-28100	35	7	on	on	ADP
cjfa-28100	35	8	the	the	DET
cjfa-28100	35	9	behaviour	behaviour	NOUN
cjfa-28100	35	10	of	of	ADP
cjfa-28100	35	11	average	average	ADJ
cjfa-28100	35	12	return	return	NOUN
cjfa-28100	35	13	over	over	ADP
cjfa-28100	35	14	a	a	DET
cjfa-28100	35	15	large	large	ADJ
cjfa-28100	35	16	sample	sample	NOUN
cjfa-28100	35	17	;	;	PUNCT
cjfa-28100	35	18	the	the	DET
cjfa-28100	35	19	expected	expect	VERB
cjfa-28100	35	20	return	return	NOUN
cjfa-28100	35	21	on	on	ADP
cjfa-28100	35	22	an	an	DET
cjfa-28100	35	23	asset	asset	NOUN
cjfa-28100	35	24	equals	equal	VERB
cjfa-28100	35	25	its	its	PRON
cjfa-28100	35	26	actual	actual	ADJ
cjfa-28100	35	27	return	return	NOUN
cjfa-28100	35	28	.	.	PUNCT
cjfa-28100	36	1	therefore	therefore	ADV
cjfa-28100	36	2	,	,	PUNCT
cjfa-28100	36	3	the	the	DET
cjfa-28100	36	4	wealth	wealth	NOUN
cjfa-28100	36	5	of	of	ADP
cjfa-28100	36	6	an	an	DET
cjfa-28100	36	7	investor	investor	NOUN
cjfa-28100	36	8	in	in	ADP
cjfa-28100	36	9	the	the	DET
cjfa-28100	36	10	previous	previous	ADJ
cjfa-28100	36	11	period	period	NOUN
cjfa-28100	36	12	should	should	AUX
cjfa-28100	36	13	be	be	AUX
cjfa-28100	36	14	alike	alike	ADV
cjfa-28100	36	15	to	to	ADP
cjfa-28100	36	16	that	that	PRON
cjfa-28100	36	17	of	of	ADP
cjfa-28100	36	18	the	the	DET
cjfa-28100	36	19	current	current	ADJ
cjfa-28100	36	20	period	period	NOUN
cjfa-28100	36	21	(	(	PUNCT
cjfa-28100	36	22	samuels	samuels	PROPN
cjfa-28100	36	23	&	&	CCONJ
cjfa-28100	36	24	yacout	yacout	PROPN
cjfa-28100	36	25	,	,	PUNCT
cjfa-28100	36	26	1981	1981	NUM
cjfa-28100	36	27	)	)	PUNCT
cjfa-28100	36	28	.	.	PUNCT
cjfa-28100	37	1	the	the	DET
cjfa-28100	37	2	fair	fair	ADJ
cjfa-28100	37	3	game	game	NOUN
cjfa-28100	37	4	model	model	NOUN
cjfa-28100	37	5	for	for	ADP
cjfa-28100	37	6	the	the	DET
cjfa-28100	37	7	efficient	efficient	ADJ
cjfa-28100	37	8	market	market	NOUN
cjfa-28100	37	9	hypothesis	hypothesis	NOUN
cjfa-28100	37	10	for	for	ADP
cjfa-28100	37	11	expected	expect	VERB
cjfa-28100	37	12	return	return	NOUN
cjfa-28100	37	13	is	be	AUX
cjfa-28100	37	14	express	express	ADJ
cjfa-28100	37	15	as	as	ADP
cjfa-28100	37	16	:	:	PUNCT
cjfa-28100	37	17	�	�	PROPN
cjfa-28100	37	18	�	�	PROPN
cjfa-28100	37	19	�	�	PROPN
cjfa-28100	37	20	�	�	PROPN
cjfa-28100	37	21	�	�	PROPN
cjfa-28100	37	22	�	�	PROPN
cjfa-28100	37	23	=	=	SYM
cjfa-28100	37	24	�	�	PROPN
cjfa-28100	37	25	�	�	PROPN
cjfa-28100	37	26	�	�	PROPN
cjfa-28100	37	27	�	�	PROPN
cjfa-28100	37	28	�	�	PROPN
cjfa-28100	37	29	�	�	PROPN
cjfa-28100	37	30	�	�	PROPN
cjfa-28100	37	31	�	�	PROPN
cjfa-28100	37	32	(	(	PUNCT
cjfa-28100	37	33	�	�	PROPN
cjfa-28100	37	34	�	�	PROPN
cjfa-28100	37	35	�	�	PROPN
cjfa-28100	37	36	�	�	PROPN
cjfa-28100	37	37	�	�	PROPN
cjfa-28100	37	38	�	�	PROPN
cjfa-28100	37	39	|	|	NOUN
cjfa-28100	37	40	�	�	PROPN
cjfa-28100	37	41	�	�	PROPN
cjfa-28100	37	42	)	)	PUNCT
cjfa-28100	37	43	(	(	PUNCT
cjfa-28100	37	44	2	2	X
cjfa-28100	37	45	)	)	PUNCT
cjfa-28100	37	46	when	when	SCONJ
cjfa-28100	37	47	�	�	PROPN
cjfa-28100	37	48	(	(	PUNCT
cjfa-28100	37	49	�	�	PROPN
cjfa-28100	37	50	�	�	PROPN
cjfa-28100	37	51	�	�	PROPN
cjfa-28100	37	52	�	�	PROPN
cjfa-28100	37	53	|	|	NOUN
cjfa-28100	37	54	�	�	PROPN
cjfa-28100	37	55	�	�	PROPN
cjfa-28100	37	56	)	)	PUNCT
cjfa-28100	37	57	=	=	SYM
cjfa-28100	37	58	�	�	PROPN
cjfa-28100	37	59	�	�	PROPN
cjfa-28100	37	60	�	�	PROPN
cjfa-28100	37	61	�	�	PROPN
cjfa-28100	37	62	�	�	PROPN
cjfa-28100	37	63	�	�	PROPN
cjfa-28100	37	64	�	�	PROPN
cjfa-28100	37	65	�	�	PROPN
cjfa-28100	37	66	�	�	PROPN
cjfa-28100	37	67	(	(	PUNCT
cjfa-28100	37	68	�	�	PROPN
cjfa-28100	37	69	�	�	PROPN
cjfa-28100	37	70	�	�	PROPN
cjfa-28100	37	71	�	�	PROPN
cjfa-28100	37	72	�	�	PROPN
cjfa-28100	37	73	�	�	PROPN
cjfa-28100	37	74	|	|	NOUN
cjfa-28100	37	75	�	�	PROPN
cjfa-28100	37	76	�	�	PROPN
cjfa-28100	37	77	)	)	PUNCT
cjfa-28100	37	78	}	}	PUNCT
cjfa-28100	37	79	(	(	PUNCT
cjfa-28100	37	80	3	3	X
cjfa-28100	37	81	)	)	PUNCT
cjfa-28100	37	82	where	where	SCONJ
cjfa-28100	37	83	�	�	PROPN
cjfa-28100	37	84	�	�	PROPN
cjfa-28100	37	85	�	�	PROPN
cjfa-28100	37	86	�	�	PROPN
cjfa-28100	37	87	�	�	PROPN
cjfa-28100	37	88	�	�	PROPN
cjfa-28100	37	89	is	be	AUX
cjfa-28100	37	90	the	the	DET
cjfa-28100	37	91	excess	excess	NOUN
cjfa-28100	37	92	of	of	ADP
cjfa-28100	37	93	market	market	NOUN
cjfa-28100	37	94	value	value	NOUN
cjfa-28100	37	95	of	of	ADP
cjfa-28100	37	96	security	security	NOUN
cjfa-28100	37	97	�	�	PROPN
cjfa-28100	37	98	at	at	ADP
cjfa-28100	37	99	time	time	NOUN
cjfa-28100	37	100	�	�	PROPN
cjfa-28100	37	101	�	�	PROPN
cjfa-28100	37	102	�	�	PROPN
cjfa-28100	37	103	,	,	PUNCT
cjfa-28100	37	104	�	�	PROPN
cjfa-28100	37	105	�	�	PROPN
cjfa-28100	37	106	�	�	PROPN
cjfa-28100	37	107	�	�	PROPN
cjfa-28100	37	108	�	�	PROPN
cjfa-28100	37	109	�	�	PROPN
cjfa-28100	37	110	is	be	AUX
cjfa-28100	37	111	the	the	DET
cjfa-28100	37	112	actual	actual	ADJ
cjfa-28100	37	113	price	price	NOUN
cjfa-28100	37	114	of	of	ADP
cjfa-28100	37	115	security	security	NOUN
cjfa-28100	37	116	�	�	PROPN
cjfa-28100	37	117	at	at	ADP
cjfa-28100	37	118	time	time	NOUN
cjfa-28100	37	119	�	�	PROPN
cjfa-28100	37	120	�	�	PROPN
cjfa-28100	37	121	�	�	PROPN
cjfa-28100	37	122	(	(	PUNCT
cjfa-28100	37	123	with	with	ADP
cjfa-28100	37	124	reinvestment	reinvestment	NOUN
cjfa-28100	37	125	in	in	ADP
cjfa-28100	37	126	intermediate	intermediate	ADJ
cjfa-28100	37	127	cash	cash	NOUN
cjfa-28100	37	128	income	income	NOUN
cjfa-28100	37	129	from	from	ADP
cjfa-28100	37	130	the	the	DET
cjfa-28100	37	131	security	security	NOUN
cjfa-28100	37	132	)	)	PUNCT
cjfa-28100	37	133	,	,	PUNCT
cjfa-28100	37	134	�	�	PROPN
cjfa-28100	37	135	(	(	PUNCT
cjfa-28100	37	136	�	�	PROPN
cjfa-28100	37	137	�	�	PROPN
cjfa-28100	37	138	�	�	PROPN
cjfa-28100	37	139	�	�	PROPN
cjfa-28100	37	140	�	�	PROPN
cjfa-28100	37	141	�	�	PROPN
cjfa-28100	37	142	|	|	NOUN
cjfa-28100	37	143	�	�	PROPN
cjfa-28100	37	144	�	�	PROPN
cjfa-28100	37	145	)	)	PUNCT
cjfa-28100	37	146	is	be	AUX
cjfa-28100	37	147	the	the	DET
cjfa-28100	37	148	expected	expect	VERB
cjfa-28100	37	149	value	value	NOUN
cjfa-28100	37	150	operator	operator	NOUN
cjfa-28100	37	151	(	(	PUNCT
cjfa-28100	37	152	expected	expect	VERB
cjfa-28100	37	153	price	price	NOUN
cjfa-28100	37	154	of	of	ADP
cjfa-28100	37	155	security	security	NOUN
cjfa-28100	37	156	�	�	PROPN
cjfa-28100	37	157	that	that	PRON
cjfa-28100	37	158	was	be	AUX
cjfa-28100	37	159	projected	project	VERB
cjfa-28100	37	160	at	at	ADP
cjfa-28100	37	161	time	time	NOUN
cjfa-28100	37	162	�	�	PROPN
cjfa-28100	37	163	,	,	PUNCT
cjfa-28100	37	164	conditional	conditional	NOUN
cjfa-28100	37	165	on	on	ADP
cjfa-28100	37	166	the	the	DET
cjfa-28100	37	167	information	information	NOUN
cjfa-28100	37	168	set	set	VERB
cjfa-28100	37	169	�	�	PROPN
cjfa-28100	37	170	�	�	PROPN
cjfa-28100	37	171	or	or	CCONJ
cjfa-28100	37	172	its	its	PRON
cjfa-28100	37	173	equivalent	equivalent	NOUN
cjfa-28100	37	174	,	,	PUNCT
cjfa-28100	37	175	�	�	PROPN
cjfa-28100	37	176	is	be	AUX
cjfa-28100	37	177	the	the	DET
cjfa-28100	37	178	information	information	NOUN
cjfa-28100	37	179	set	set	VERB
cjfa-28100	37	180	that	that	PRON
cjfa-28100	37	181	is	be	AUX
cjfa-28100	37	182	assumed	assume	VERB
cjfa-28100	37	183	to	to	PART
cjfa-28100	37	184	be	be	AUX
cjfa-28100	37	185	fully	fully	ADV
cjfa-28100	37	186	reflected	reflect	VERB
cjfa-28100	37	187	in	in	ADP
cjfa-28100	37	188	the	the	DET
cjfa-28100	37	189	price	price	NOUN
cjfa-28100	37	190	of	of	ADP
cjfa-28100	37	191	security	security	NOUN
cjfa-28100	37	192	�	�	PROPN
cjfa-28100	37	193	at	at	ADP
cjfa-28100	37	194	time	time	NOUN
cjfa-28100	37	195	�	�	PROPN
cjfa-28100	37	196	,	,	PUNCT
cjfa-28100	37	197	and	and	CCONJ
cjfa-28100	37	198	|	|	ADV
cjfa-28100	37	199	is	be	AUX
cjfa-28100	37	200	the	the	DET
cjfa-28100	37	201	conditional	conditional	ADJ
cjfa-28100	37	202	sign	sign	NOUN
cjfa-28100	37	203	indicating	indicate	VERB
cjfa-28100	37	204	that	that	SCONJ
cjfa-28100	37	205	the	the	DET
cjfa-28100	37	206	price	price	NOUN
cjfa-28100	37	207	(	(	PUNCT
cjfa-28100	37	208	�	�	PROPN
cjfa-28100	37	209	)	)	PUNCT
cjfa-28100	37	210	of	of	ADP
cjfa-28100	37	211	security	security	NOUN
cjfa-28100	37	212	�	�	PROPN
cjfa-28100	37	213	is	be	AUX
cjfa-28100	37	214	conditional	conditional	ADJ
cjfa-28100	37	215	upon	upon	SCONJ
cjfa-28100	37	216	the	the	DET
cjfa-28100	37	217	information	information	NOUN
cjfa-28100	37	218	set	set	VERB
cjfa-28100	37	219	�	�	PROPN
cjfa-28100	37	220	at	at	ADP
cjfa-28100	37	221	time	time	NOUN
cjfa-28100	37	222	�	�	PROPN
cjfa-28100	37	223	.	.	PROPN
cjfa-28100	37	224	�	�	PROPN
cjfa-28100	37	225	�	�	PROPN
cjfa-28100	37	226	�	�	PROPN
cjfa-28100	37	227	�	�	PROPN
cjfa-28100	37	228	�	�	PROPN
cjfa-28100	37	229	�	�	PROPN
cjfa-28100	37	230	=	=	SYM
cjfa-28100	37	231	�	�	PROPN
cjfa-28100	37	232	�	�	PROPN
cjfa-28100	37	233	�	�	PROPN
cjfa-28100	37	234	�	�	PROPN
cjfa-28100	37	235	�	�	PROPN
cjfa-28100	37	236	�	�	PROPN
cjfa-28100	37	237	�	�	PROPN
cjfa-28100	37	238	�	�	PROPN
cjfa-28100	37	239	�	�	PROPN
cjfa-28100	37	240	�	�	PROPN
cjfa-28100	37	241	(	(	PUNCT
cjfa-28100	37	242	�	�	PROPN
cjfa-28100	37	243	�	�	PROPN
cjfa-28100	37	244	�	�	PROPN
cjfa-28100	37	245	�	�	PROPN
cjfa-28100	37	246	�	�	PROPN
cjfa-28100	37	247	�	�	PROPN
cjfa-28100	37	248	|	|	NOUN
cjfa-28100	37	249	�	�	PROPN
cjfa-28100	37	250	�	�	PROPN
cjfa-28100	37	251	)	)	PUNCT
cjfa-28100	37	252	(	(	PUNCT
cjfa-28100	37	253	4	4	X
cjfa-28100	37	254	)	)	PUNCT
cjfa-28100	37	255	when	when	SCONJ
cjfa-28100	37	256	�	�	PROPN
cjfa-28100	37	257	(	(	PUNCT
cjfa-28100	37	258	�	�	PROPN
cjfa-28100	37	259	�	�	PROPN
cjfa-28100	37	260	�	�	PROPN
cjfa-28100	37	261	�	�	PROPN
cjfa-28100	37	262	�	�	PROPN
cjfa-28100	37	263	�	�	PROPN
cjfa-28100	37	264	|	|	NOUN
cjfa-28100	37	265	�	�	PROPN
cjfa-28100	37	266	�	�	PROPN
cjfa-28100	37	267	)	)	PUNCT
cjfa-28100	37	268	=	=	SYM
cjfa-28100	37	269	�	�	PROPN
cjfa-28100	37	270	�	�	PROPN
cjfa-28100	37	271	�	�	PROPN
cjfa-28100	37	272	�	�	PROPN
cjfa-28100	37	273	�	�	PROPN
cjfa-28100	37	274	�	�	PROPN
cjfa-28100	37	275	�	�	PROPN
cjfa-28100	37	276	�	�	PROPN
cjfa-28100	37	277	�	�	PROPN
cjfa-28100	37	278	�	�	PROPN
cjfa-28100	37	279	(	(	PUNCT
cjfa-28100	37	280	�	�	PROPN
cjfa-28100	37	281	�	�	PROPN
cjfa-28100	37	282	�	�	PROPN
cjfa-28100	37	283	�	�	PROPN
cjfa-28100	37	284	�	�	PROPN
cjfa-28100	37	285	�	�	PROPN
cjfa-28100	37	286	|	|	NOUN
cjfa-28100	37	287	�	�	PROPN
cjfa-28100	37	288	�	�	PROPN
cjfa-28100	37	289	)	)	PUNCT
cjfa-28100	37	290	}	}	PUNCT
cjfa-28100	37	291	(	(	PUNCT
cjfa-28100	37	292	5	5	X
cjfa-28100	37	293	)	)	PUNCT
cjfa-28100	37	294	where	where	SCONJ
cjfa-28100	37	295	�	�	PROPN
cjfa-28100	37	296	�	�	PROPN
cjfa-28100	37	297	�	�	PROPN
cjfa-28100	37	298	�	�	PROPN
cjfa-28100	37	299	�	�	PROPN
cjfa-28100	37	300	�	�	PROPN
cjfa-28100	37	301	is	be	AUX
cjfa-28100	37	302	excess	excess	ADJ
cjfa-28100	37	303	return	return	NOUN
cjfa-28100	37	304	for	for	ADP
cjfa-28100	37	305	security	security	NOUN
cjfa-28100	37	306	�	�	PROPN
cjfa-28100	37	307	at	at	ADP
cjfa-28100	37	308	period	period	NOUN
cjfa-28100	37	309	�	�	PROPN
cjfa-28100	37	310	�	�	PROPN
cjfa-28100	37	311	�	�	PROPN
cjfa-28100	37	312	as	as	ADP
cjfa-28100	37	313	against	against	ADP
cjfa-28100	37	314	the	the	DET
cjfa-28100	37	315	equilibrium	equilibrium	NOUN
cjfa-28100	37	316	expected	expect	VERB
cjfa-28100	37	317	return	return	NOUN
cjfa-28100	37	318	projected	project	VERB
cjfa-28100	37	319	at	at	ADP
cjfa-28100	37	320	period	period	NOUN
cjfa-28100	37	321	�	�	PROPN
cjfa-28100	37	322	(	(	PUNCT
cjfa-28100	37	323	unexpected	unexpected	ADJ
cjfa-28100	37	324	or	or	CCONJ
cjfa-28100	37	325	excess	excess	ADJ
cjfa-28100	37	326	return	return	NOUN
cjfa-28100	37	327	for	for	ADP
cjfa-28100	37	328	security	security	NOUN
cjfa-28100	37	329	�	�	PROPN
cjfa-28100	37	330	at	at	ADP
cjfa-28100	37	331	time	time	NOUN
cjfa-28100	37	332	�	�	PROPN
cjfa-28100	37	333	�	�	PROPN
cjfa-28100	37	334	�	�	PROPN
cjfa-28100	37	335	)	)	PUNCT
cjfa-28100	37	336	,	,	PUNCT
cjfa-28100	37	337	�	�	PROPN
cjfa-28100	37	338	�	�	PROPN
cjfa-28100	37	339	�	�	PROPN
cjfa-28100	37	340	�	�	PROPN
cjfa-28100	37	341	�	�	PROPN
cjfa-28100	37	342	�	�	PROPN
cjfa-28100	37	343	is	be	AUX
cjfa-28100	37	344	the	the	DET
cjfa-28100	37	345	single	single	ADJ
cjfa-28100	37	346	period	period	NOUN
cjfa-28100	37	347	percentage	percentage	NOUN
cjfa-28100	37	348	(	(	PUNCT
cjfa-28100	37	349	&	&	CCONJ
cjfa-28100	37	350	)	)	PUNCT
cjfa-28100	37	351	return	return	NOUN
cjfa-28100	37	352	(	(	PUNCT
cjfa-28100	37	353	�	�	PROPN
cjfa-28100	37	354	�	�	PROPN
cjfa-28100	37	355	�	�	PROPN
cjfa-28100	37	356	�	�	PROPN
cjfa-28100	37	357	�	�	PROPN
cjfa-28100	37	358	�	�	PROPN
cjfa-28100	37	359	�	�	PROPN
cjfa-28100	37	360	�	�	PROPN
cjfa-28100	37	361	�	�	PROPN
cjfa-28100	37	362	�	�	PROPN
cjfa-28100	37	363	�	�	PROPN
cjfa-28100	37	364	�	�	PROPN
cjfa-28100	37	365	�	�	PROPN
cjfa-28100	37	366	�	�	PROPN
cjfa-28100	37	367	�	�	PROPN
cjfa-28100	37	368	)	)	PUNCT
cjfa-28100	38	1	i.e	i.e	ADP
cjfa-28100	38	2	the	the	DET
cjfa-28100	38	3	actual	actual	ADJ
cjfa-28100	38	4	or	or	CCONJ
cjfa-28100	38	5	observed	observed	ADJ
cjfa-28100	38	6	return	return	NOUN
cjfa-28100	38	7	for	for	ADP
cjfa-28100	38	8	security	security	NOUN
cjfa-28100	38	9	�	�	PROPN
cjfa-28100	38	10	at	at	ADP
cjfa-28100	38	11	time	time	NOUN
cjfa-28100	38	12	�	�	PROPN
cjfa-28100	38	13	�	�	PROPN
cjfa-28100	38	14	�	�	PROPN
cjfa-28100	38	15	and	and	CCONJ
cjfa-28100	38	16	�	�	PROPN
cjfa-28100	38	17	(	(	PUNCT
cjfa-28100	38	18	�	�	PROPN
cjfa-28100	38	19	�	�	PROPN
cjfa-28100	38	20	�	�	PROPN
cjfa-28100	38	21	�	�	PROPN
cjfa-28100	38	22	�	�	PROPN
cjfa-28100	38	23	�	�	PROPN
cjfa-28100	38	24	|	|	NOUN
cjfa-28100	38	25	�	�	PROPN
cjfa-28100	38	26	�	�	PROPN
cjfa-28100	38	27	)	)	PUNCT
cjfa-28100	38	28	is	be	AUX
cjfa-28100	38	29	the	the	DET
cjfa-28100	38	30	equilibrium	equilibrium	NOUN
cjfa-28100	38	31	expected	expect	VERB
cjfa-28100	38	32	return	return	NOUN
cjfa-28100	38	33	at	at	ADP
cjfa-28100	38	34	time	time	NOUN
cjfa-28100	38	35	�	�	PROPN
cjfa-28100	38	36	�	�	PROPN
cjfa-28100	38	37	�	�	PROPN
cjfa-28100	38	38	projected	project	VERB
cjfa-28100	38	39	at	at	ADP
cjfa-28100	38	40	time	time	NOUN
cjfa-28100	38	41	based	base	VERB
cjfa-28100	38	42	on	on	ADP
cjfa-28100	38	43	the	the	DET
cjfa-28100	38	44	information	information	NOUN
cjfa-28100	38	45	set	set	VERB
cjfa-28100	38	46	�	�	PROPN
cjfa-28100	38	47	�	�	PROPN
cjfa-28100	38	48	.	.	PUNCT
cjfa-28100	39	1	(	(	PUNCT
cjfa-28100	39	2	1	1	X
cjfa-28100	39	3	)	)	PUNCT
cjfa-28100	39	4	expression	expression	NOUN
cjfa-28100	39	5	(	(	PUNCT
cjfa-28100	39	6	1	1	X
cjfa-28100	39	7	)	)	PUNCT
cjfa-28100	39	8	indicates	indicate	VERB
cjfa-28100	39	9	that	that	SCONJ
cjfa-28100	39	10	average	average	ADJ
cjfa-28100	39	11	excess	excess	ADJ
cjfa-28100	39	12	return	return	NOUN
cjfa-28100	39	13	overtime	overtime	NOUN
cjfa-28100	39	14	is	be	AUX
cjfa-28100	39	15	zero	zero	NUM
cjfa-28100	39	16	.	.	PUNCT
cjfa-28100	40	1	the	the	DET
cjfa-28100	40	2	fair	fair	ADJ
cjfa-28100	40	3	game	game	NOUN
cjfa-28100	40	4	model	model	NOUN
cjfa-28100	40	5	is	be	AUX
cjfa-28100	40	6	based	base	VERB
cjfa-28100	40	7	on	on	ADP
cjfa-28100	40	8	the	the	DET
cjfa-28100	40	9	behaviour	behaviour	NOUN
cjfa-28100	40	10	of	of	ADP
cjfa-28100	40	11	average	average	ADJ
cjfa-28100	40	12	return	return	NOUN
cjfa-28100	40	13	over	over	ADP
cjfa-28100	40	14	a	a	DET
cjfa-28100	40	15	large	large	ADJ
cjfa-28100	40	16	sample	sample	NOUN
cjfa-28100	40	17	;	;	PUNCT
cjfa-28100	40	18	the	the	DET
cjfa-28100	40	19	expected	expect	VERB
cjfa-28100	40	20	return	return	NOUN
cjfa-28100	40	21	on	on	ADP
cjfa-28100	40	22	an	an	DET
cjfa-28100	40	23	asset	asset	NOUN
cjfa-28100	40	24	equals	equal	VERB
cjfa-28100	40	25	its	its	PRON
cjfa-28100	40	26	actual	actual	ADJ
cjfa-28100	40	27	return	return	NOUN
cjfa-28100	40	28	.	.	PUNCT
cjfa-28100	41	1	therefore	therefore	ADV
cjfa-28100	41	2	,	,	PUNCT
cjfa-28100	41	3	the	the	DET
cjfa-28100	41	4	wealth	wealth	NOUN
cjfa-28100	41	5	of	of	ADP
cjfa-28100	41	6	an	an	DET
cjfa-28100	41	7	investor	investor	NOUN
cjfa-28100	41	8	in	in	ADP
cjfa-28100	41	9	the	the	DET
cjfa-28100	41	10	previous	previous	ADJ
cjfa-28100	41	11	period	period	NOUN
cjfa-28100	41	12	should	should	AUX
cjfa-28100	41	13	be	be	AUX
cjfa-28100	41	14	alike	alike	ADV
cjfa-28100	41	15	to	to	ADP
cjfa-28100	41	16	that	that	PRON
cjfa-28100	41	17	of	of	ADP
cjfa-28100	41	18	the	the	DET
cjfa-28100	41	19	current	current	ADJ
cjfa-28100	41	20	period	period	NOUN
cjfa-28100	41	21	(	(	PUNCT
cjfa-28100	41	22	samuels	samuels	PROPN
cjfa-28100	41	23	&	&	CCONJ
cjfa-28100	41	24	yacout	yacout	PROPN
cjfa-28100	41	25	,	,	PUNCT
cjfa-28100	41	26	1981	1981	NUM
cjfa-28100	41	27	)	)	PUNCT
cjfa-28100	41	28	.	.	PUNCT
cjfa-28100	42	1	the	the	DET
cjfa-28100	42	2	fair	fair	ADJ
cjfa-28100	42	3	game	game	NOUN
cjfa-28100	42	4	model	model	NOUN
cjfa-28100	42	5	for	for	ADP
cjfa-28100	42	6	the	the	DET
cjfa-28100	42	7	efficient	efficient	ADJ
cjfa-28100	42	8	market	market	NOUN
cjfa-28100	42	9	hypothesis	hypothesis	NOUN
cjfa-28100	42	10	for	for	ADP
cjfa-28100	42	11	expected	expect	VERB
cjfa-28100	42	12	return	return	NOUN
cjfa-28100	42	13	is	be	AUX
cjfa-28100	42	14	express	express	ADJ
cjfa-28100	42	15	as	as	ADP
cjfa-28100	42	16	:	:	PUNCT
cjfa-28100	42	17	�	�	PROPN
cjfa-28100	42	18	(	(	PUNCT
cjfa-28100	42	19	�	�	PROPN
cjfa-28100	42	20	�	�	PROPN
cjfa-28100	42	21	�	�	PROPN
cjfa-28100	42	22	�	�	PROPN
cjfa-28100	42	23	|	|	NOUN
cjfa-28100	42	24	�	�	PROPN
cjfa-28100	42	25	�	�	PROPN
cjfa-28100	42	26	)	)	PUNCT
cjfa-28100	42	27	=	=	SYM
cjfa-28100	42	28	0	0	NUM
cjfa-28100	43	1	(	(	PUNCT
cjfa-28100	43	2	1	1	NUM
cjfa-28100	43	3	)	)	PUNCT
cjfa-28100	43	4	expression	expression	NOUN
cjfa-28100	43	5	(	(	PUNCT
cjfa-28100	43	6	1	1	X
cjfa-28100	43	7	)	)	PUNCT
cjfa-28100	43	8	indicates	indicate	VERB
cjfa-28100	43	9	that	that	SCONJ
cjfa-28100	43	10	average	average	ADJ
cjfa-28100	43	11	excess	excess	ADJ
cjfa-28100	43	12	return	return	NOUN
cjfa-28100	43	13	overtime	overtime	NOUN
cjfa-28100	43	14	is	be	AUX
cjfa-28100	43	15	zero	zero	NUM
cjfa-28100	43	16	.	.	PUNCT
cjfa-28100	44	1	the	the	DET
cjfa-28100	44	2	fair	fair	ADJ
cjfa-28100	44	3	game	game	NOUN
cjfa-28100	44	4	model	model	NOUN
cjfa-28100	44	5	is	be	AUX
cjfa-28100	44	6	based	base	VERB
cjfa-28100	44	7	on	on	ADP
cjfa-28100	44	8	the	the	DET
cjfa-28100	44	9	behaviour	behaviour	NOUN
cjfa-28100	44	10	of	of	ADP
cjfa-28100	44	11	average	average	ADJ
cjfa-28100	44	12	return	return	NOUN
cjfa-28100	44	13	over	over	ADP
cjfa-28100	44	14	a	a	DET
cjfa-28100	44	15	large	large	ADJ
cjfa-28100	44	16	sample	sample	NOUN
cjfa-28100	44	17	;	;	PUNCT
cjfa-28100	44	18	the	the	DET
cjfa-28100	44	19	expected	expect	VERB
cjfa-28100	44	20	return	return	NOUN
cjfa-28100	44	21	on	on	ADP
cjfa-28100	44	22	an	an	DET
cjfa-28100	44	23	asset	asset	NOUN
cjfa-28100	44	24	equals	equal	VERB
cjfa-28100	44	25	its	its	PRON
cjfa-28100	44	26	actual	actual	ADJ
cjfa-28100	44	27	return	return	NOUN
cjfa-28100	44	28	.	.	PUNCT
cjfa-28100	45	1	therefore	therefore	ADV
cjfa-28100	45	2	,	,	PUNCT
cjfa-28100	45	3	the	the	DET
cjfa-28100	45	4	wealth	wealth	NOUN
cjfa-28100	45	5	of	of	ADP
cjfa-28100	45	6	an	an	DET
cjfa-28100	45	7	investor	investor	NOUN
cjfa-28100	45	8	in	in	ADP
cjfa-28100	45	9	the	the	DET
cjfa-28100	45	10	previous	previous	ADJ
cjfa-28100	45	11	period	period	NOUN
cjfa-28100	45	12	should	should	AUX
cjfa-28100	45	13	be	be	AUX
cjfa-28100	45	14	alike	alike	ADV
cjfa-28100	45	15	to	to	ADP
cjfa-28100	45	16	that	that	PRON
cjfa-28100	45	17	of	of	ADP
cjfa-28100	45	18	the	the	DET
cjfa-28100	45	19	current	current	ADJ
cjfa-28100	45	20	period	period	NOUN
cjfa-28100	45	21	(	(	PUNCT
cjfa-28100	45	22	samuels	samuels	PROPN
cjfa-28100	45	23	&	&	CCONJ
cjfa-28100	45	24	yacout	yacout	PROPN
cjfa-28100	45	25	,	,	PUNCT
cjfa-28100	45	26	1981	1981	NUM
cjfa-28100	45	27	)	)	PUNCT
cjfa-28100	45	28	.	.	PUNCT
cjfa-28100	46	1	the	the	DET
cjfa-28100	46	2	fair	fair	ADJ
cjfa-28100	46	3	game	game	NOUN
cjfa-28100	46	4	model	model	NOUN
cjfa-28100	46	5	for	for	ADP
cjfa-28100	46	6	the	the	DET
cjfa-28100	46	7	efficient	efficient	ADJ
cjfa-28100	46	8	market	market	NOUN
cjfa-28100	46	9	hypothesis	hypothesis	NOUN
cjfa-28100	46	10	for	for	ADP
cjfa-28100	46	11	expected	expect	VERB
cjfa-28100	46	12	return	return	NOUN
cjfa-28100	46	13	is	be	AUX
cjfa-28100	46	14	express	express	ADJ
cjfa-28100	46	15	as	as	ADP
cjfa-28100	46	16	:	:	PUNCT
cjfa-28100	46	17	�	�	PROPN
cjfa-28100	46	18	�	�	PROPN
cjfa-28100	46	19	�	�	PROPN
cjfa-28100	46	20	�	�	PROPN
cjfa-28100	46	21	�	�	PROPN
cjfa-28100	46	22	�	�	PROPN
cjfa-28100	46	23	=	=	SYM
cjfa-28100	46	24	�	�	PROPN
cjfa-28100	46	25	�	�	PROPN
cjfa-28100	46	26	�	�	PROPN
cjfa-28100	46	27	�	�	PROPN
cjfa-28100	46	28	�	�	PROPN
cjfa-28100	46	29	�	�	PROPN
cjfa-28100	46	30	�	�	PROPN
cjfa-28100	46	31	�	�	PROPN
cjfa-28100	46	32	(	(	PUNCT
cjfa-28100	46	33	�	�	PROPN
cjfa-28100	46	34	�	�	PROPN
cjfa-28100	46	35	�	�	PROPN
cjfa-28100	46	36	�	�	PROPN
cjfa-28100	46	37	�	�	PROPN
cjfa-28100	46	38	�	�	PROPN
cjfa-28100	46	39	|	|	NOUN
cjfa-28100	46	40	�	�	PROPN
cjfa-28100	46	41	�	�	PROPN
cjfa-28100	46	42	)	)	PUNCT
cjfa-28100	46	43	(	(	PUNCT
cjfa-28100	46	44	2	2	X
cjfa-28100	46	45	)	)	PUNCT
cjfa-28100	46	46	when	when	SCONJ
cjfa-28100	46	47	�	�	PROPN
cjfa-28100	46	48	(	(	PUNCT
cjfa-28100	46	49	�	�	PROPN
cjfa-28100	46	50	�	�	PROPN
cjfa-28100	46	51	�	�	PROPN
cjfa-28100	46	52	�	�	PROPN
cjfa-28100	46	53	|	|	NOUN
cjfa-28100	46	54	�	�	PROPN
cjfa-28100	46	55	�	�	PROPN
cjfa-28100	46	56	)	)	PUNCT
cjfa-28100	46	57	=	=	SYM
cjfa-28100	46	58	�	�	PROPN
cjfa-28100	46	59	�	�	PROPN
cjfa-28100	46	60	�	�	PROPN
cjfa-28100	46	61	�	�	PROPN
cjfa-28100	46	62	�	�	PROPN
cjfa-28100	46	63	�	�	PROPN
cjfa-28100	46	64	�	�	PROPN
cjfa-28100	46	65	�	�	PROPN
cjfa-28100	46	66	�	�	PROPN
cjfa-28100	46	67	(	(	PUNCT
cjfa-28100	46	68	�	�	PROPN
cjfa-28100	46	69	�	�	PROPN
cjfa-28100	46	70	�	�	PROPN
cjfa-28100	46	71	�	�	PROPN
cjfa-28100	46	72	�	�	PROPN
cjfa-28100	46	73	�	�	PROPN
cjfa-28100	46	74	|	|	NOUN
cjfa-28100	46	75	�	�	PROPN
cjfa-28100	46	76	�	�	PROPN
cjfa-28100	46	77	)	)	PUNCT
cjfa-28100	46	78	}	}	PUNCT
cjfa-28100	46	79	(	(	PUNCT
cjfa-28100	46	80	3	3	X
cjfa-28100	46	81	)	)	PUNCT
cjfa-28100	46	82	where	where	SCONJ
cjfa-28100	46	83	�	�	PROPN
cjfa-28100	46	84	�	�	PROPN
cjfa-28100	46	85	�	�	PROPN
cjfa-28100	46	86	�	�	PROPN
cjfa-28100	46	87	�	�	PROPN
cjfa-28100	46	88	�	�	PROPN
cjfa-28100	46	89	is	be	AUX
cjfa-28100	46	90	the	the	DET
cjfa-28100	46	91	excess	excess	NOUN
cjfa-28100	46	92	of	of	ADP
cjfa-28100	46	93	market	market	NOUN
cjfa-28100	46	94	value	value	NOUN
cjfa-28100	46	95	of	of	ADP
cjfa-28100	46	96	security	security	NOUN
cjfa-28100	46	97	�	�	PROPN
cjfa-28100	46	98	at	at	ADP
cjfa-28100	46	99	time	time	NOUN
cjfa-28100	46	100	�	�	PROPN
cjfa-28100	46	101	�	�	PROPN
cjfa-28100	46	102	�	�	PROPN
cjfa-28100	46	103	,	,	PUNCT
cjfa-28100	46	104	�	�	PROPN
cjfa-28100	46	105	�	�	PROPN
cjfa-28100	46	106	�	�	PROPN
cjfa-28100	46	107	�	�	PROPN
cjfa-28100	46	108	�	�	PROPN
cjfa-28100	46	109	�	�	PROPN
cjfa-28100	46	110	is	be	AUX
cjfa-28100	46	111	the	the	DET
cjfa-28100	46	112	actual	actual	ADJ
cjfa-28100	46	113	price	price	NOUN
cjfa-28100	46	114	of	of	ADP
cjfa-28100	46	115	security	security	NOUN
cjfa-28100	46	116	�	�	PROPN
cjfa-28100	46	117	at	at	ADP
cjfa-28100	46	118	time	time	NOUN
cjfa-28100	46	119	�	�	PROPN
cjfa-28100	46	120	�	�	PROPN
cjfa-28100	46	121	�	�	PROPN
cjfa-28100	46	122	(	(	PUNCT
cjfa-28100	46	123	with	with	ADP
cjfa-28100	46	124	reinvestment	reinvestment	NOUN
cjfa-28100	46	125	in	in	ADP
cjfa-28100	46	126	intermediate	intermediate	ADJ
cjfa-28100	46	127	cash	cash	NOUN
cjfa-28100	46	128	income	income	NOUN
cjfa-28100	46	129	from	from	ADP
cjfa-28100	46	130	the	the	DET
cjfa-28100	46	131	security	security	NOUN
cjfa-28100	46	132	)	)	PUNCT
cjfa-28100	46	133	,	,	PUNCT
cjfa-28100	46	134	�	�	PROPN
cjfa-28100	46	135	(	(	PUNCT
cjfa-28100	46	136	�	�	PROPN
cjfa-28100	46	137	�	�	PROPN
cjfa-28100	46	138	�	�	PROPN
cjfa-28100	46	139	�	�	PROPN
cjfa-28100	46	140	�	�	PROPN
cjfa-28100	46	141	�	�	PROPN
cjfa-28100	46	142	|	|	NOUN
cjfa-28100	46	143	�	�	PROPN
cjfa-28100	46	144	�	�	PROPN
cjfa-28100	46	145	)	)	PUNCT
cjfa-28100	46	146	is	be	AUX
cjfa-28100	46	147	the	the	DET
cjfa-28100	46	148	expected	expect	VERB
cjfa-28100	46	149	value	value	NOUN
cjfa-28100	46	150	operator	operator	NOUN
cjfa-28100	46	151	(	(	PUNCT
cjfa-28100	46	152	expected	expect	VERB
cjfa-28100	46	153	price	price	NOUN
cjfa-28100	46	154	of	of	ADP
cjfa-28100	46	155	security	security	NOUN
cjfa-28100	46	156	�	�	PROPN
cjfa-28100	46	157	that	that	PRON
cjfa-28100	46	158	was	be	AUX
cjfa-28100	46	159	projected	project	VERB
cjfa-28100	46	160	at	at	ADP
cjfa-28100	46	161	time	time	NOUN
cjfa-28100	46	162	�	�	PROPN
cjfa-28100	46	163	,	,	PUNCT
cjfa-28100	46	164	conditional	conditional	NOUN
cjfa-28100	46	165	on	on	ADP
cjfa-28100	46	166	the	the	DET
cjfa-28100	46	167	information	information	NOUN
cjfa-28100	46	168	set	set	VERB
cjfa-28100	46	169	�	�	PROPN
cjfa-28100	46	170	�	�	PROPN
cjfa-28100	46	171	or	or	CCONJ
cjfa-28100	46	172	its	its	PRON
cjfa-28100	46	173	equivalent	equivalent	NOUN
cjfa-28100	46	174	,	,	PUNCT
cjfa-28100	46	175	�	�	PROPN
cjfa-28100	46	176	is	be	AUX
cjfa-28100	46	177	the	the	DET
cjfa-28100	46	178	information	information	NOUN
cjfa-28100	46	179	set	set	VERB
cjfa-28100	46	180	that	that	PRON
cjfa-28100	46	181	is	be	AUX
cjfa-28100	46	182	assumed	assume	VERB
cjfa-28100	46	183	to	to	PART
cjfa-28100	46	184	be	be	AUX
cjfa-28100	46	185	fully	fully	ADV
cjfa-28100	46	186	reflected	reflect	VERB
cjfa-28100	46	187	in	in	ADP
cjfa-28100	46	188	the	the	DET
cjfa-28100	46	189	price	price	NOUN
cjfa-28100	46	190	of	of	ADP
cjfa-28100	46	191	security	security	NOUN
cjfa-28100	46	192	�	�	PROPN
cjfa-28100	46	193	at	at	ADP
cjfa-28100	46	194	time	time	NOUN
cjfa-28100	46	195	�	�	PROPN
cjfa-28100	46	196	,	,	PUNCT
cjfa-28100	46	197	and	and	CCONJ
cjfa-28100	46	198	|	|	ADV
cjfa-28100	46	199	is	be	AUX
cjfa-28100	46	200	the	the	DET
cjfa-28100	46	201	conditional	conditional	ADJ
cjfa-28100	46	202	sign	sign	NOUN
cjfa-28100	46	203	indicating	indicate	VERB
cjfa-28100	46	204	that	that	SCONJ
cjfa-28100	46	205	the	the	DET
cjfa-28100	46	206	price	price	NOUN
cjfa-28100	46	207	(	(	PUNCT
cjfa-28100	46	208	�	�	PROPN
cjfa-28100	46	209	)	)	PUNCT
cjfa-28100	46	210	of	of	ADP
cjfa-28100	46	211	security	security	NOUN
cjfa-28100	46	212	�	�	PROPN
cjfa-28100	46	213	is	be	AUX
cjfa-28100	46	214	conditional	conditional	ADJ
cjfa-28100	46	215	upon	upon	SCONJ
cjfa-28100	46	216	the	the	DET
cjfa-28100	46	217	information	information	NOUN
cjfa-28100	46	218	set	set	VERB
cjfa-28100	46	219	�	�	PROPN
cjfa-28100	46	220	at	at	ADP
cjfa-28100	46	221	time	time	NOUN
cjfa-28100	46	222	�	�	PROPN
cjfa-28100	46	223	.	.	PROPN
cjfa-28100	46	224	�	�	PROPN
cjfa-28100	46	225	�	�	PROPN
cjfa-28100	46	226	�	�	PROPN
cjfa-28100	46	227	�	�	PROPN
cjfa-28100	46	228	�	�	PROPN
cjfa-28100	46	229	�	�	PROPN
cjfa-28100	46	230	=	=	SYM
cjfa-28100	46	231	�	�	PROPN
cjfa-28100	46	232	�	�	PROPN
cjfa-28100	46	233	�	�	PROPN
cjfa-28100	46	234	�	�	PROPN
cjfa-28100	46	235	�	�	PROPN
cjfa-28100	46	236	�	�	PROPN
cjfa-28100	46	237	�	�	PROPN
cjfa-28100	46	238	�	�	PROPN
cjfa-28100	46	239	�	�	PROPN
cjfa-28100	46	240	�	�	PROPN
cjfa-28100	46	241	(	(	PUNCT
cjfa-28100	46	242	�	�	PROPN
cjfa-28100	46	243	�	�	PROPN
cjfa-28100	46	244	�	�	PROPN
cjfa-28100	46	245	�	�	PROPN
cjfa-28100	46	246	�	�	PROPN
cjfa-28100	46	247	�	�	PROPN
cjfa-28100	46	248	|	|	NOUN
cjfa-28100	46	249	�	�	PROPN
cjfa-28100	46	250	�	�	PROPN
cjfa-28100	46	251	)	)	PUNCT
cjfa-28100	46	252	(	(	PUNCT
cjfa-28100	46	253	4	4	X
cjfa-28100	46	254	)	)	PUNCT
cjfa-28100	46	255	when	when	SCONJ
cjfa-28100	46	256	�	�	PROPN
cjfa-28100	46	257	(	(	PUNCT
cjfa-28100	46	258	�	�	PROPN
cjfa-28100	46	259	�	�	PROPN
cjfa-28100	46	260	�	�	PROPN
cjfa-28100	46	261	�	�	PROPN
cjfa-28100	46	262	�	�	PROPN
cjfa-28100	46	263	�	�	PROPN
cjfa-28100	46	264	|	|	NOUN
cjfa-28100	46	265	�	�	PROPN
cjfa-28100	46	266	�	�	PROPN
cjfa-28100	46	267	)	)	PUNCT
cjfa-28100	46	268	=	=	SYM
cjfa-28100	46	269	�	�	PROPN
cjfa-28100	46	270	�	�	PROPN
cjfa-28100	46	271	�	�	PROPN
cjfa-28100	46	272	�	�	PROPN
cjfa-28100	46	273	�	�	PROPN
cjfa-28100	46	274	�	�	PROPN
cjfa-28100	46	275	�	�	PROPN
cjfa-28100	46	276	�	�	PROPN
cjfa-28100	46	277	�	�	PROPN
cjfa-28100	46	278	�	�	PROPN
cjfa-28100	46	279	(	(	PUNCT
cjfa-28100	46	280	�	�	PROPN
cjfa-28100	46	281	�	�	PROPN
cjfa-28100	46	282	�	�	PROPN
cjfa-28100	46	283	�	�	PROPN
cjfa-28100	46	284	�	�	PROPN
cjfa-28100	46	285	�	�	PROPN
cjfa-28100	46	286	|	|	NOUN
cjfa-28100	46	287	�	�	PROPN
cjfa-28100	46	288	�	�	PROPN
cjfa-28100	46	289	)	)	PUNCT
cjfa-28100	46	290	}	}	PUNCT
cjfa-28100	46	291	(	(	PUNCT
cjfa-28100	46	292	5	5	X
cjfa-28100	46	293	)	)	PUNCT
cjfa-28100	46	294	where	where	SCONJ
cjfa-28100	46	295	�	�	PROPN
cjfa-28100	46	296	�	�	PROPN
cjfa-28100	46	297	�	�	PROPN
cjfa-28100	46	298	�	�	PROPN
cjfa-28100	46	299	�	�	PROPN
cjfa-28100	46	300	�	�	PROPN
cjfa-28100	46	301	is	be	AUX
cjfa-28100	46	302	excess	excess	ADJ
cjfa-28100	46	303	return	return	NOUN
cjfa-28100	46	304	for	for	ADP
cjfa-28100	46	305	security	security	NOUN
cjfa-28100	46	306	�	�	PROPN
cjfa-28100	46	307	at	at	ADP
cjfa-28100	46	308	period	period	NOUN
cjfa-28100	46	309	�	�	PROPN
cjfa-28100	46	310	�	�	PROPN
cjfa-28100	46	311	�	�	PROPN
cjfa-28100	46	312	as	as	ADP
cjfa-28100	46	313	against	against	ADP
cjfa-28100	46	314	the	the	DET
cjfa-28100	46	315	equilibrium	equilibrium	NOUN
cjfa-28100	46	316	expected	expect	VERB
cjfa-28100	46	317	return	return	NOUN
cjfa-28100	46	318	projected	project	VERB
cjfa-28100	46	319	at	at	ADP
cjfa-28100	46	320	period	period	NOUN
cjfa-28100	46	321	�	�	PROPN
cjfa-28100	46	322	(	(	PUNCT
cjfa-28100	46	323	unexpected	unexpected	ADJ
cjfa-28100	46	324	or	or	CCONJ
cjfa-28100	46	325	excess	excess	ADJ
cjfa-28100	46	326	return	return	NOUN
cjfa-28100	46	327	for	for	ADP
cjfa-28100	46	328	security	security	NOUN
cjfa-28100	46	329	�	�	PROPN
cjfa-28100	46	330	at	at	ADP
cjfa-28100	46	331	time	time	NOUN
cjfa-28100	46	332	�	�	PROPN
cjfa-28100	46	333	�	�	PROPN
cjfa-28100	46	334	�	�	PROPN
cjfa-28100	46	335	)	)	PUNCT
cjfa-28100	46	336	,	,	PUNCT
cjfa-28100	46	337	�	�	PROPN
cjfa-28100	46	338	�	�	PROPN
cjfa-28100	46	339	�	�	PROPN
cjfa-28100	46	340	�	�	PROPN
cjfa-28100	46	341	�	�	PROPN
cjfa-28100	46	342	�	�	PROPN
cjfa-28100	46	343	is	be	AUX
cjfa-28100	46	344	the	the	DET
cjfa-28100	46	345	single	single	ADJ
cjfa-28100	46	346	period	period	NOUN
cjfa-28100	46	347	percentage	percentage	NOUN
cjfa-28100	46	348	(	(	PUNCT
cjfa-28100	46	349	&	&	CCONJ
cjfa-28100	46	350	)	)	PUNCT
cjfa-28100	46	351	return	return	NOUN
cjfa-28100	46	352	(	(	PUNCT
cjfa-28100	46	353	�	�	PROPN
cjfa-28100	46	354	�	�	PROPN
cjfa-28100	46	355	�	�	PROPN
cjfa-28100	46	356	�	�	PROPN
cjfa-28100	46	357	�	�	PROPN
cjfa-28100	46	358	�	�	PROPN
cjfa-28100	46	359	�	�	PROPN
cjfa-28100	46	360	�	�	PROPN
cjfa-28100	46	361	�	�	PROPN
cjfa-28100	46	362	�	�	PROPN
cjfa-28100	46	363	�	�	PROPN
cjfa-28100	46	364	�	�	PROPN
cjfa-28100	46	365	�	�	PROPN
cjfa-28100	46	366	�	�	PROPN
cjfa-28100	46	367	�	�	PROPN
cjfa-28100	46	368	)	)	PUNCT
cjfa-28100	47	1	i.e	i.e	ADP
cjfa-28100	47	2	the	the	DET
cjfa-28100	47	3	actual	actual	ADJ
cjfa-28100	47	4	or	or	CCONJ
cjfa-28100	47	5	observed	observed	ADJ
cjfa-28100	47	6	return	return	NOUN
cjfa-28100	47	7	for	for	ADP
cjfa-28100	47	8	security	security	NOUN
cjfa-28100	47	9	�	�	PROPN
cjfa-28100	47	10	at	at	ADP
cjfa-28100	47	11	time	time	NOUN
cjfa-28100	47	12	�	�	PROPN
cjfa-28100	47	13	�	�	PROPN
cjfa-28100	47	14	�	�	PROPN
cjfa-28100	47	15	and	and	CCONJ
cjfa-28100	47	16	�	�	PROPN
cjfa-28100	47	17	(	(	PUNCT
cjfa-28100	47	18	�	�	PROPN
cjfa-28100	47	19	�	�	PROPN
cjfa-28100	47	20	�	�	PROPN
cjfa-28100	47	21	�	�	PROPN
cjfa-28100	47	22	�	�	PROPN
cjfa-28100	47	23	�	�	PROPN
cjfa-28100	47	24	|	|	NOUN
cjfa-28100	47	25	�	�	PROPN
cjfa-28100	47	26	�	�	PROPN
cjfa-28100	47	27	)	)	PUNCT
cjfa-28100	47	28	is	be	AUX
cjfa-28100	47	29	the	the	DET
cjfa-28100	47	30	equilibrium	equilibrium	NOUN
cjfa-28100	47	31	expected	expect	VERB
cjfa-28100	47	32	return	return	NOUN
cjfa-28100	47	33	at	at	ADP
cjfa-28100	47	34	time	time	NOUN
cjfa-28100	47	35	�	�	PROPN
cjfa-28100	47	36	�	�	PROPN
cjfa-28100	47	37	�	�	PROPN
cjfa-28100	47	38	projected	project	VERB
cjfa-28100	47	39	at	at	ADP
cjfa-28100	47	40	time	time	NOUN
cjfa-28100	47	41	based	base	VERB
cjfa-28100	47	42	on	on	ADP
cjfa-28100	47	43	the	the	DET
cjfa-28100	47	44	information	information	NOUN
cjfa-28100	47	45	set	set	VERB
cjfa-28100	47	46	�	�	PROPN
cjfa-28100	47	47	�	�	PROPN
cjfa-28100	47	48	.	.	PUNCT
cjfa-28100	48	1	(	(	PUNCT
cjfa-28100	48	2	2	2	X
cjfa-28100	48	3	)	)	PUNCT
cjfa-28100	48	4	when	when	SCONJ
cjfa-28100	48	5	�	�	PROPN
cjfa-28100	48	6	(	(	PUNCT
cjfa-28100	48	7	�	�	PROPN
cjfa-28100	48	8	�	�	PROPN
cjfa-28100	48	9	�	�	PROPN
cjfa-28100	48	10	�	�	PROPN
cjfa-28100	48	11	|	|	NOUN
cjfa-28100	48	12	�	�	PROPN
cjfa-28100	48	13	�	�	PROPN
cjfa-28100	48	14	)	)	PUNCT
cjfa-28100	48	15	=	=	SYM
cjfa-28100	48	16	0	0	NUM
cjfa-28100	48	17	(	(	PUNCT
cjfa-28100	48	18	1	1	NUM
cjfa-28100	48	19	)	)	PUNCT
cjfa-28100	48	20	expression	expression	NOUN
cjfa-28100	48	21	(	(	PUNCT
cjfa-28100	48	22	1	1	X
cjfa-28100	48	23	)	)	PUNCT
cjfa-28100	48	24	indicates	indicate	VERB
cjfa-28100	48	25	that	that	SCONJ
cjfa-28100	48	26	average	average	ADJ
cjfa-28100	48	27	excess	excess	ADJ
cjfa-28100	48	28	return	return	NOUN
cjfa-28100	48	29	overtime	overtime	NOUN
cjfa-28100	48	30	is	be	AUX
cjfa-28100	48	31	zero	zero	NUM
cjfa-28100	48	32	.	.	PUNCT
cjfa-28100	49	1	the	the	DET
cjfa-28100	49	2	fair	fair	ADJ
cjfa-28100	49	3	game	game	NOUN
cjfa-28100	49	4	model	model	NOUN
cjfa-28100	49	5	is	be	AUX
cjfa-28100	49	6	based	base	VERB
cjfa-28100	49	7	on	on	ADP
cjfa-28100	49	8	the	the	DET
cjfa-28100	49	9	behaviour	behaviour	NOUN
cjfa-28100	49	10	of	of	ADP
cjfa-28100	49	11	average	average	ADJ
cjfa-28100	49	12	return	return	NOUN
cjfa-28100	49	13	over	over	ADP
cjfa-28100	49	14	a	a	DET
cjfa-28100	49	15	large	large	ADJ
cjfa-28100	49	16	sample	sample	NOUN
cjfa-28100	49	17	;	;	PUNCT
cjfa-28100	49	18	the	the	DET
cjfa-28100	49	19	expected	expect	VERB
cjfa-28100	49	20	return	return	NOUN
cjfa-28100	49	21	on	on	ADP
cjfa-28100	49	22	an	an	DET
cjfa-28100	49	23	asset	asset	NOUN
cjfa-28100	49	24	equals	equal	VERB
cjfa-28100	49	25	its	its	PRON
cjfa-28100	49	26	actual	actual	ADJ
cjfa-28100	49	27	return	return	NOUN
cjfa-28100	49	28	.	.	PUNCT
cjfa-28100	50	1	therefore	therefore	ADV
cjfa-28100	50	2	,	,	PUNCT
cjfa-28100	50	3	the	the	DET
cjfa-28100	50	4	wealth	wealth	NOUN
cjfa-28100	50	5	of	of	ADP
cjfa-28100	50	6	an	an	DET
cjfa-28100	50	7	investor	investor	NOUN
cjfa-28100	50	8	in	in	ADP
cjfa-28100	50	9	the	the	DET
cjfa-28100	50	10	previous	previous	ADJ
cjfa-28100	50	11	period	period	NOUN
cjfa-28100	50	12	should	should	AUX
cjfa-28100	50	13	be	be	AUX
cjfa-28100	50	14	alike	alike	ADV
cjfa-28100	50	15	to	to	ADP
cjfa-28100	50	16	that	that	PRON
cjfa-28100	50	17	of	of	ADP
cjfa-28100	50	18	the	the	DET
cjfa-28100	50	19	current	current	ADJ
cjfa-28100	50	20	period	period	NOUN
cjfa-28100	50	21	(	(	PUNCT
cjfa-28100	50	22	samuels	samuels	PROPN
cjfa-28100	50	23	&	&	CCONJ
cjfa-28100	50	24	yacout	yacout	PROPN
cjfa-28100	50	25	,	,	PUNCT
cjfa-28100	50	26	1981	1981	NUM
cjfa-28100	50	27	)	)	PUNCT
cjfa-28100	50	28	.	.	PUNCT
cjfa-28100	51	1	the	the	DET
cjfa-28100	51	2	fair	fair	ADJ
cjfa-28100	51	3	game	game	NOUN
cjfa-28100	51	4	model	model	NOUN
cjfa-28100	51	5	for	for	ADP
cjfa-28100	51	6	the	the	DET
cjfa-28100	51	7	efficient	efficient	ADJ
cjfa-28100	51	8	market	market	NOUN
cjfa-28100	51	9	hypothesis	hypothesis	NOUN
cjfa-28100	51	10	for	for	ADP
cjfa-28100	51	11	expected	expect	VERB
cjfa-28100	51	12	return	return	NOUN
cjfa-28100	51	13	is	be	AUX
cjfa-28100	51	14	express	express	ADJ
cjfa-28100	51	15	as	as	ADP
cjfa-28100	51	16	:	:	PUNCT
cjfa-28100	51	17	�	�	PROPN
cjfa-28100	51	18	�	�	PROPN
cjfa-28100	51	19	�	�	PROPN
cjfa-28100	51	20	�	�	PROPN
cjfa-28100	51	21	�	�	PROPN
cjfa-28100	51	22	�	�	PROPN
cjfa-28100	51	23	=	=	SYM
cjfa-28100	51	24	�	�	PROPN
cjfa-28100	51	25	�	�	PROPN
cjfa-28100	51	26	�	�	PROPN
cjfa-28100	51	27	�	�	PROPN
cjfa-28100	51	28	�	�	PROPN
cjfa-28100	51	29	�	�	PROPN
cjfa-28100	51	30	�	�	PROPN
cjfa-28100	51	31	�	�	PROPN
cjfa-28100	51	32	(	(	PUNCT
cjfa-28100	51	33	�	�	PROPN
cjfa-28100	51	34	�	�	PROPN
cjfa-28100	51	35	�	�	PROPN
cjfa-28100	51	36	�	�	PROPN
cjfa-28100	51	37	�	�	PROPN
cjfa-28100	51	38	�	�	PROPN
cjfa-28100	51	39	|	|	NOUN
cjfa-28100	51	40	�	�	PROPN
cjfa-28100	51	41	�	�	PROPN
cjfa-28100	51	42	)	)	PUNCT
cjfa-28100	51	43	(	(	PUNCT
cjfa-28100	51	44	2	2	X
cjfa-28100	51	45	)	)	PUNCT
cjfa-28100	51	46	when	when	SCONJ
cjfa-28100	51	47	�	�	PROPN
cjfa-28100	51	48	(	(	PUNCT
cjfa-28100	51	49	�	�	PROPN
cjfa-28100	51	50	�	�	PROPN
cjfa-28100	51	51	�	�	PROPN
cjfa-28100	51	52	�	�	PROPN
cjfa-28100	51	53	|	|	NOUN
cjfa-28100	51	54	�	�	PROPN
cjfa-28100	51	55	�	�	PROPN
cjfa-28100	51	56	)	)	PUNCT
cjfa-28100	51	57	=	=	SYM
cjfa-28100	51	58	�	�	PROPN
cjfa-28100	51	59	�	�	PROPN
cjfa-28100	51	60	�	�	PROPN
cjfa-28100	51	61	�	�	PROPN
cjfa-28100	51	62	�	�	PROPN
cjfa-28100	51	63	�	�	PROPN
cjfa-28100	51	64	�	�	PROPN
cjfa-28100	51	65	�	�	PROPN
cjfa-28100	51	66	�	�	PROPN
cjfa-28100	51	67	(	(	PUNCT
cjfa-28100	51	68	�	�	PROPN
cjfa-28100	51	69	�	�	PROPN
cjfa-28100	51	70	�	�	PROPN
cjfa-28100	51	71	�	�	PROPN
cjfa-28100	51	72	�	�	PROPN
cjfa-28100	51	73	�	�	PROPN
cjfa-28100	51	74	|	|	NOUN
cjfa-28100	51	75	�	�	PROPN
cjfa-28100	51	76	�	�	PROPN
cjfa-28100	51	77	)	)	PUNCT
cjfa-28100	51	78	}	}	PUNCT
cjfa-28100	51	79	(	(	PUNCT
cjfa-28100	51	80	3	3	X
cjfa-28100	51	81	)	)	PUNCT
cjfa-28100	51	82	where	where	SCONJ
cjfa-28100	51	83	�	�	PROPN
cjfa-28100	51	84	�	�	PROPN
cjfa-28100	51	85	�	�	PROPN
cjfa-28100	51	86	�	�	PROPN
cjfa-28100	51	87	�	�	PROPN
cjfa-28100	51	88	�	�	PROPN
cjfa-28100	51	89	is	be	AUX
cjfa-28100	51	90	the	the	DET
cjfa-28100	51	91	excess	excess	NOUN
cjfa-28100	51	92	of	of	ADP
cjfa-28100	51	93	market	market	NOUN
cjfa-28100	51	94	value	value	NOUN
cjfa-28100	51	95	of	of	ADP
cjfa-28100	51	96	security	security	NOUN
cjfa-28100	51	97	�	�	PROPN
cjfa-28100	51	98	at	at	ADP
cjfa-28100	51	99	time	time	NOUN
cjfa-28100	51	100	�	�	PROPN
cjfa-28100	51	101	�	�	PROPN
cjfa-28100	51	102	�	�	PROPN
cjfa-28100	51	103	,	,	PUNCT
cjfa-28100	51	104	�	�	PROPN
cjfa-28100	51	105	�	�	PROPN
cjfa-28100	51	106	�	�	PROPN
cjfa-28100	51	107	�	�	PROPN
cjfa-28100	51	108	�	�	PROPN
cjfa-28100	51	109	�	�	PROPN
cjfa-28100	51	110	is	be	AUX
cjfa-28100	51	111	the	the	DET
cjfa-28100	51	112	actual	actual	ADJ
cjfa-28100	51	113	price	price	NOUN
cjfa-28100	51	114	of	of	ADP
cjfa-28100	51	115	security	security	NOUN
cjfa-28100	51	116	�	�	PROPN
cjfa-28100	51	117	at	at	ADP
cjfa-28100	51	118	time	time	NOUN
cjfa-28100	51	119	�	�	PROPN
cjfa-28100	51	120	�	�	PROPN
cjfa-28100	51	121	�	�	PROPN
cjfa-28100	51	122	(	(	PUNCT
cjfa-28100	51	123	with	with	ADP
cjfa-28100	51	124	reinvestment	reinvestment	NOUN
cjfa-28100	51	125	in	in	ADP
cjfa-28100	51	126	intermediate	intermediate	ADJ
cjfa-28100	51	127	cash	cash	NOUN
cjfa-28100	51	128	income	income	NOUN
cjfa-28100	51	129	from	from	ADP
cjfa-28100	51	130	the	the	DET
cjfa-28100	51	131	security	security	NOUN
cjfa-28100	51	132	)	)	PUNCT
cjfa-28100	51	133	,	,	PUNCT
cjfa-28100	51	134	�	�	PROPN
cjfa-28100	51	135	(	(	PUNCT
cjfa-28100	51	136	�	�	PROPN
cjfa-28100	51	137	�	�	PROPN
cjfa-28100	51	138	�	�	PROPN
cjfa-28100	51	139	�	�	PROPN
cjfa-28100	51	140	�	�	PROPN
cjfa-28100	51	141	�	�	PROPN
cjfa-28100	51	142	|	|	NOUN
cjfa-28100	51	143	�	�	PROPN
cjfa-28100	51	144	�	�	PROPN
cjfa-28100	51	145	)	)	PUNCT
cjfa-28100	51	146	is	be	AUX
cjfa-28100	51	147	the	the	DET
cjfa-28100	51	148	expected	expect	VERB
cjfa-28100	51	149	value	value	NOUN
cjfa-28100	51	150	operator	operator	NOUN
cjfa-28100	51	151	(	(	PUNCT
cjfa-28100	51	152	expected	expect	VERB
cjfa-28100	51	153	price	price	NOUN
cjfa-28100	51	154	of	of	ADP
cjfa-28100	51	155	security	security	NOUN
cjfa-28100	51	156	�	�	PROPN
cjfa-28100	51	157	that	that	PRON
cjfa-28100	51	158	was	be	AUX
cjfa-28100	51	159	projected	project	VERB
cjfa-28100	51	160	at	at	ADP
cjfa-28100	51	161	time	time	NOUN
cjfa-28100	51	162	�	�	PROPN
cjfa-28100	51	163	,	,	PUNCT
cjfa-28100	51	164	conditional	conditional	NOUN
cjfa-28100	51	165	on	on	ADP
cjfa-28100	51	166	the	the	DET
cjfa-28100	51	167	information	information	NOUN
cjfa-28100	51	168	set	set	VERB
cjfa-28100	51	169	�	�	PROPN
cjfa-28100	51	170	�	�	PROPN
cjfa-28100	51	171	or	or	CCONJ
cjfa-28100	51	172	its	its	PRON
cjfa-28100	51	173	equivalent	equivalent	NOUN
cjfa-28100	51	174	,	,	PUNCT
cjfa-28100	51	175	�	�	PROPN
cjfa-28100	51	176	is	be	AUX
cjfa-28100	51	177	the	the	DET
cjfa-28100	51	178	information	information	NOUN
cjfa-28100	51	179	set	set	VERB
cjfa-28100	51	180	that	that	PRON
cjfa-28100	51	181	is	be	AUX
cjfa-28100	51	182	assumed	assume	VERB
cjfa-28100	51	183	to	to	PART
cjfa-28100	51	184	be	be	AUX
cjfa-28100	51	185	fully	fully	ADV
cjfa-28100	51	186	reflected	reflect	VERB
cjfa-28100	51	187	in	in	ADP
cjfa-28100	51	188	the	the	DET
cjfa-28100	51	189	price	price	NOUN
cjfa-28100	51	190	of	of	ADP
cjfa-28100	51	191	security	security	NOUN
cjfa-28100	51	192	�	�	PROPN
cjfa-28100	51	193	at	at	ADP
cjfa-28100	51	194	time	time	NOUN
cjfa-28100	51	195	�	�	PROPN
cjfa-28100	51	196	,	,	PUNCT
cjfa-28100	51	197	and	and	CCONJ
cjfa-28100	51	198	|	|	ADV
cjfa-28100	51	199	is	be	AUX
cjfa-28100	51	200	the	the	DET
cjfa-28100	51	201	conditional	conditional	ADJ
cjfa-28100	51	202	sign	sign	NOUN
cjfa-28100	51	203	indicating	indicate	VERB
cjfa-28100	51	204	that	that	SCONJ
cjfa-28100	51	205	the	the	DET
cjfa-28100	51	206	price	price	NOUN
cjfa-28100	51	207	(	(	PUNCT
cjfa-28100	51	208	�	�	PROPN
cjfa-28100	51	209	)	)	PUNCT
cjfa-28100	51	210	of	of	ADP
cjfa-28100	51	211	security	security	NOUN
cjfa-28100	51	212	�	�	PROPN
cjfa-28100	51	213	is	be	AUX
cjfa-28100	51	214	conditional	conditional	ADJ
cjfa-28100	51	215	upon	upon	SCONJ
cjfa-28100	51	216	the	the	DET
cjfa-28100	51	217	information	information	NOUN
cjfa-28100	51	218	set	set	VERB
cjfa-28100	51	219	�	�	PROPN
cjfa-28100	51	220	at	at	ADP
cjfa-28100	51	221	time	time	NOUN
cjfa-28100	51	222	�	�	PROPN
cjfa-28100	51	223	.	.	PROPN
cjfa-28100	51	224	�	�	PROPN
cjfa-28100	51	225	�	�	PROPN
cjfa-28100	51	226	�	�	PROPN
cjfa-28100	51	227	�	�	PROPN
cjfa-28100	51	228	�	�	PROPN
cjfa-28100	51	229	�	�	PROPN
cjfa-28100	51	230	=	=	SYM
cjfa-28100	51	231	�	�	PROPN
cjfa-28100	51	232	�	�	PROPN
cjfa-28100	51	233	�	�	PROPN
cjfa-28100	51	234	�	�	PROPN
cjfa-28100	51	235	�	�	PROPN
cjfa-28100	51	236	�	�	PROPN
cjfa-28100	51	237	�	�	PROPN
cjfa-28100	51	238	�	�	PROPN
cjfa-28100	51	239	�	�	PROPN
cjfa-28100	51	240	�	�	PROPN
cjfa-28100	51	241	(	(	PUNCT
cjfa-28100	51	242	�	�	PROPN
cjfa-28100	51	243	�	�	PROPN
cjfa-28100	51	244	�	�	PROPN
cjfa-28100	51	245	�	�	PROPN
cjfa-28100	51	246	�	�	PROPN
cjfa-28100	51	247	�	�	PROPN
cjfa-28100	51	248	|	|	NOUN
cjfa-28100	51	249	�	�	PROPN
cjfa-28100	51	250	�	�	PROPN
cjfa-28100	51	251	)	)	PUNCT
cjfa-28100	51	252	(	(	PUNCT
cjfa-28100	51	253	4	4	X
cjfa-28100	51	254	)	)	PUNCT
cjfa-28100	51	255	when	when	SCONJ
cjfa-28100	51	256	�	�	PROPN
cjfa-28100	51	257	(	(	PUNCT
cjfa-28100	51	258	�	�	PROPN
cjfa-28100	51	259	�	�	PROPN
cjfa-28100	51	260	�	�	PROPN
cjfa-28100	51	261	�	�	PROPN
cjfa-28100	51	262	�	�	PROPN
cjfa-28100	51	263	�	�	PROPN
cjfa-28100	51	264	|	|	NOUN
cjfa-28100	51	265	�	�	PROPN
cjfa-28100	51	266	�	�	PROPN
cjfa-28100	51	267	)	)	PUNCT
cjfa-28100	51	268	=	=	SYM
cjfa-28100	51	269	�	�	PROPN
cjfa-28100	51	270	�	�	PROPN
cjfa-28100	51	271	�	�	PROPN
cjfa-28100	51	272	�	�	PROPN
cjfa-28100	51	273	�	�	PROPN
cjfa-28100	51	274	�	�	PROPN
cjfa-28100	51	275	�	�	PROPN
cjfa-28100	51	276	�	�	PROPN
cjfa-28100	51	277	�	�	PROPN
cjfa-28100	51	278	�	�	PROPN
cjfa-28100	51	279	(	(	PUNCT
cjfa-28100	51	280	�	�	PROPN
cjfa-28100	51	281	�	�	PROPN
cjfa-28100	51	282	�	�	PROPN
cjfa-28100	51	283	�	�	PROPN
cjfa-28100	51	284	�	�	PROPN
cjfa-28100	51	285	�	�	PROPN
cjfa-28100	51	286	|	|	NOUN
cjfa-28100	51	287	�	�	PROPN
cjfa-28100	51	288	�	�	PROPN
cjfa-28100	51	289	)	)	PUNCT
cjfa-28100	51	290	}	}	PUNCT
cjfa-28100	51	291	(	(	PUNCT
cjfa-28100	51	292	5	5	X
cjfa-28100	51	293	)	)	PUNCT
cjfa-28100	51	294	where	where	SCONJ
cjfa-28100	51	295	�	�	PROPN
cjfa-28100	51	296	�	�	PROPN
cjfa-28100	51	297	�	�	PROPN
cjfa-28100	51	298	�	�	PROPN
cjfa-28100	51	299	�	�	PROPN
cjfa-28100	51	300	�	�	PROPN
cjfa-28100	51	301	is	be	AUX
cjfa-28100	51	302	excess	excess	ADJ
cjfa-28100	51	303	return	return	NOUN
cjfa-28100	51	304	for	for	ADP
cjfa-28100	51	305	security	security	NOUN
cjfa-28100	51	306	�	�	PROPN
cjfa-28100	51	307	at	at	ADP
cjfa-28100	51	308	period	period	NOUN
cjfa-28100	51	309	�	�	PROPN
cjfa-28100	51	310	�	�	PROPN
cjfa-28100	51	311	�	�	PROPN
cjfa-28100	51	312	as	as	ADP
cjfa-28100	51	313	against	against	ADP
cjfa-28100	51	314	the	the	DET
cjfa-28100	51	315	equilibrium	equilibrium	NOUN
cjfa-28100	51	316	expected	expect	VERB
cjfa-28100	51	317	return	return	NOUN
cjfa-28100	51	318	projected	project	VERB
cjfa-28100	51	319	at	at	ADP
cjfa-28100	51	320	period	period	NOUN
cjfa-28100	51	321	�	�	PROPN
cjfa-28100	51	322	(	(	PUNCT
cjfa-28100	51	323	unexpected	unexpected	ADJ
cjfa-28100	51	324	or	or	CCONJ
cjfa-28100	51	325	excess	excess	ADJ
cjfa-28100	51	326	return	return	NOUN
cjfa-28100	51	327	for	for	ADP
cjfa-28100	51	328	security	security	NOUN
cjfa-28100	51	329	�	�	PROPN
cjfa-28100	51	330	at	at	ADP
cjfa-28100	51	331	time	time	NOUN
cjfa-28100	51	332	�	�	PROPN
cjfa-28100	51	333	�	�	PROPN
cjfa-28100	51	334	�	�	PROPN
cjfa-28100	51	335	)	)	PUNCT
cjfa-28100	51	336	,	,	PUNCT
cjfa-28100	51	337	�	�	PROPN
cjfa-28100	51	338	�	�	PROPN
cjfa-28100	51	339	�	�	PROPN
cjfa-28100	51	340	�	�	PROPN
cjfa-28100	51	341	�	�	PROPN
cjfa-28100	51	342	�	�	PROPN
cjfa-28100	51	343	is	be	AUX
cjfa-28100	51	344	the	the	DET
cjfa-28100	51	345	single	single	ADJ
cjfa-28100	51	346	period	period	NOUN
cjfa-28100	51	347	percentage	percentage	NOUN
cjfa-28100	51	348	(	(	PUNCT
cjfa-28100	51	349	&	&	CCONJ
cjfa-28100	51	350	)	)	PUNCT
cjfa-28100	51	351	return	return	NOUN
cjfa-28100	51	352	(	(	PUNCT
cjfa-28100	51	353	�	�	PROPN
cjfa-28100	51	354	�	�	PROPN
cjfa-28100	51	355	�	�	PROPN
cjfa-28100	51	356	�	�	PROPN
cjfa-28100	51	357	�	�	PROPN
cjfa-28100	51	358	�	�	PROPN
cjfa-28100	51	359	�	�	PROPN
cjfa-28100	51	360	�	�	PROPN
cjfa-28100	51	361	�	�	PROPN
cjfa-28100	51	362	�	�	PROPN
cjfa-28100	51	363	�	�	PROPN
cjfa-28100	51	364	�	�	PROPN
cjfa-28100	51	365	�	�	PROPN
cjfa-28100	51	366	�	�	PROPN
cjfa-28100	51	367	�	�	PROPN
cjfa-28100	51	368	)	)	PUNCT
cjfa-28100	52	1	i.e	i.e	ADP
cjfa-28100	52	2	the	the	DET
cjfa-28100	52	3	actual	actual	ADJ
cjfa-28100	52	4	or	or	CCONJ
cjfa-28100	52	5	observed	observed	ADJ
cjfa-28100	52	6	return	return	NOUN
cjfa-28100	52	7	for	for	ADP
cjfa-28100	52	8	security	security	NOUN
cjfa-28100	52	9	�	�	PROPN
cjfa-28100	52	10	at	at	ADP
cjfa-28100	52	11	time	time	NOUN
cjfa-28100	52	12	�	�	PROPN
cjfa-28100	52	13	�	�	PROPN
cjfa-28100	52	14	�	�	PROPN
cjfa-28100	52	15	and	and	CCONJ
cjfa-28100	52	16	�	�	PROPN
cjfa-28100	52	17	(	(	PUNCT
cjfa-28100	52	18	�	�	PROPN
cjfa-28100	52	19	�	�	PROPN
cjfa-28100	52	20	�	�	PROPN
cjfa-28100	52	21	�	�	PROPN
cjfa-28100	52	22	�	�	PROPN
cjfa-28100	52	23	�	�	PROPN
cjfa-28100	52	24	|	|	NOUN
cjfa-28100	52	25	�	�	PROPN
cjfa-28100	52	26	�	�	PROPN
cjfa-28100	52	27	)	)	PUNCT
cjfa-28100	52	28	is	be	AUX
cjfa-28100	52	29	the	the	DET
cjfa-28100	52	30	equilibrium	equilibrium	NOUN
cjfa-28100	52	31	expected	expect	VERB
cjfa-28100	52	32	return	return	NOUN
cjfa-28100	52	33	at	at	ADP
cjfa-28100	52	34	time	time	NOUN
cjfa-28100	52	35	�	�	PROPN
cjfa-28100	52	36	�	�	PROPN
cjfa-28100	52	37	�	�	PROPN
cjfa-28100	52	38	projected	project	VERB
cjfa-28100	52	39	at	at	ADP
cjfa-28100	52	40	time	time	NOUN
cjfa-28100	52	41	based	base	VERB
cjfa-28100	52	42	on	on	ADP
cjfa-28100	52	43	the	the	DET
cjfa-28100	52	44	information	information	NOUN
cjfa-28100	52	45	set	set	VERB
cjfa-28100	52	46	�	�	PROPN
cjfa-28100	52	47	�	�	PROPN
cjfa-28100	52	48	.	.	PUNCT
cjfa-28100	53	1	(	(	PUNCT
cjfa-28100	53	2	3	3	NUM
cjfa-28100	53	3	)	)	PUNCT
cjfa-28100	53	4	where	where	SCONJ
cjfa-28100	53	5	xj	xj	PROPN
cjfa-28100	53	6	,	,	PUNCT
cjfa-28100	53	7	t+1	t+1	PROPN
cjfa-28100	53	8	is	be	AUX
cjfa-28100	53	9	the	the	DET
cjfa-28100	53	10	excess	excess	NOUN
cjfa-28100	53	11	of	of	ADP
cjfa-28100	53	12	market	market	NOUN
cjfa-28100	53	13	value	value	NOUN
cjfa-28100	53	14	of	of	ADP
cjfa-28100	53	15	security	security	NOUN
cjfa-28100	53	16	j	j	PROPN
cjfa-28100	53	17	at	at	ADP
cjfa-28100	53	18	time	time	NOUN
cjfa-28100	53	19	t	t	PROPN
cjfa-28100	53	20	 	 	SPACE
cjfa-28100	53	21	+	+	NOUN
cjfa-28100	53	22	 	 	SPACE
cjfa-28100	53	23	1	1	NUM
cjfa-28100	53	24	,	,	PUNCT
cjfa-28100	53	25	pj	pj	PROPN
cjfa-28100	53	26	,	,	PUNCT
cjfa-28100	53	27	t+1	t+1	PROPN
cjfa-28100	53	28	,	,	PUNCT
cjfa-28100	53	29	is	be	AUX
cjfa-28100	53	30	the	the	DET
cjfa-28100	53	31	actual	actual	ADJ
cjfa-28100	53	32	price	price	NOUN
cjfa-28100	53	33	of	of	ADP
cjfa-28100	53	34	security	security	NOUN
cjfa-28100	53	35	j	j	PROPN
cjfa-28100	53	36	at	at	ADP
cjfa-28100	53	37	time	time	NOUN
cjfa-28100	53	38	t	t	PROPN
cjfa-28100	53	39	 	 	SPACE
cjfa-28100	53	40	+	+	NOUN
cjfa-28100	53	41	 	 	SPACE
cjfa-28100	53	42	1	1	NUM
cjfa-28100	53	43	(	(	PUNCT
cjfa-28100	53	44	with	with	ADP
cjfa-28100	53	45	reinvestment	reinvestment	NOUN
cjfa-28100	53	46	in	in	ADP
cjfa-28100	53	47	intermediate	intermediate	ADJ
cjfa-28100	53	48	cash	cash	NOUN
cjfa-28100	53	49	income	income	NOUN
cjfa-28100	53	50	from	from	ADP
cjfa-28100	53	51	the	the	DET
cjfa-28100	53	52	security	security	NOUN
cjfa-28100	53	53	)	)	PUNCT
cjfa-28100	53	54	,	,	PUNCT
cjfa-28100	53	55	e	e	X
cjfa-28100	53	56	 	 	SPACE
cjfa-28100	53	57	(	(	PUNCT
cjfa-28100	53	58	pj	pj	PROPN
cjfa-28100	53	59	,	,	PUNCT
cjfa-28100	53	60	t+1	t+1	PRON
cjfa-28100	53	61	 	 	SPACE
cjfa-28100	53	62	ǀ	ǀ	PROPN
cjfa-28100	53	63	 	 	SPACE
cjfa-28100	53	64	it	it	PRON
cjfa-28100	53	65	)	)	PUNCT
cjfa-28100	53	66	is	be	AUX
cjfa-28100	53	67	the	the	DET
cjfa-28100	53	68	expected	expect	VERB
cjfa-28100	53	69	value	value	NOUN
cjfa-28100	53	70	operator	operator	NOUN
cjfa-28100	53	71	(	(	PUNCT
cjfa-28100	53	72	expected	expect	VERB
cjfa-28100	53	73	price	price	NOUN
cjfa-28100	53	74	of	of	ADP
cjfa-28100	53	75	security	security	NOUN
cjfa-28100	53	76	j	j	PROPN
cjfa-28100	53	77	that	that	PRON
cjfa-28100	53	78	was	be	AUX
cjfa-28100	53	79	projected	project	VERB
cjfa-28100	53	80	at	at	ADP
cjfa-28100	53	81	time	time	NOUN
cjfa-28100	53	82	t	t	PROPN
cjfa-28100	53	83	,	,	PUNCT
cjfa-28100	53	84	conditional	conditional	ADJ
cjfa-28100	53	85	on	on	ADP
cjfa-28100	53	86	the	the	DET
cjfa-28100	53	87	information	information	NOUN
cjfa-28100	53	88	set	set	VERB
cjfa-28100	53	89	it	it	PRON
cjfa-28100	53	90	or	or	CCONJ
cjfa-28100	53	91	its	its	PRON
cjfa-28100	53	92	equivalent	equivalent	NOUN
cjfa-28100	53	93	,	,	PUNCT
cjfa-28100	53	94	i	i	PRON
cjfa-28100	53	95	is	be	AUX
cjfa-28100	53	96	the	the	DET
cjfa-28100	53	97	information	information	NOUN
cjfa-28100	53	98	set	set	VERB
cjfa-28100	53	99	that	that	PRON
cjfa-28100	53	100	is	be	AUX
cjfa-28100	53	101	assumed	assume	VERB
cjfa-28100	53	102	to	to	PART
cjfa-28100	53	103	be	be	AUX
cjfa-28100	53	104	fully	fully	ADV
cjfa-28100	53	105	reflected	reflect	VERB
cjfa-28100	53	106	in	in	ADP
cjfa-28100	53	107	the	the	DET
cjfa-28100	53	108	price	price	NOUN
cjfa-28100	53	109	of	of	ADP
cjfa-28100	53	110	security	security	NOUN
cjfa-28100	53	111	j	j	PROPN
cjfa-28100	53	112	at	at	ADP
cjfa-28100	53	113	time	time	NOUN
cjfa-28100	53	114	t	t	PROPN
cjfa-28100	53	115	,	,	PUNCT
cjfa-28100	53	116	and	and	CCONJ
cjfa-28100	53	117	ǀ	ǀ	PROPN
cjfa-28100	53	118	is	be	AUX
cjfa-28100	53	119	the	the	DET
cjfa-28100	53	120	conditional	conditional	ADJ
cjfa-28100	53	121	sign	sign	NOUN
cjfa-28100	53	122	indicating	indicate	VERB
cjfa-28100	53	123	that	that	SCONJ
cjfa-28100	53	124	the	the	DET
cjfa-28100	53	125	price	price	NOUN
cjfa-28100	53	126	(	(	PUNCT
cjfa-28100	53	127	p	p	NOUN
cjfa-28100	53	128	)	)	PUNCT
cjfa-28100	53	129	of	of	ADP
cjfa-28100	53	130	security	security	NOUN
cjfa-28100	53	131	j	j	PROPN
cjfa-28100	53	132	is	be	AUX
cjfa-28100	53	133	conditional	conditional	ADJ
cjfa-28100	53	134	upon	upon	SCONJ
cjfa-28100	53	135	the	the	DET
cjfa-28100	53	136	information	information	NOUN
cjfa-28100	53	137	set	set	VERB
cjfa-28100	53	138	i	i	PRON
cjfa-28100	53	139	at	at	ADP
cjfa-28100	53	140	time	time	NOUN
cjfa-28100	53	141	t.	t.	PROPN
cjfa-28100	53	142	�	�	PROPN
cjfa-28100	53	143	(	(	PUNCT
cjfa-28100	53	144	�	�	PROPN
cjfa-28100	53	145	�	�	PROPN
cjfa-28100	53	146	�	�	PROPN
cjfa-28100	53	147	�	�	PROPN
cjfa-28100	53	148	|	|	NOUN
cjfa-28100	53	149	�	�	PROPN
cjfa-28100	53	150	�	�	PROPN
cjfa-28100	53	151	)	)	PUNCT
cjfa-28100	53	152	=	=	SYM
cjfa-28100	54	1	0	0	NUM
cjfa-28100	54	2	(	(	PUNCT
cjfa-28100	54	3	1	1	NUM
cjfa-28100	54	4	)	)	PUNCT
cjfa-28100	54	5	expression	expression	NOUN
cjfa-28100	54	6	(	(	PUNCT
cjfa-28100	54	7	1	1	X
cjfa-28100	54	8	)	)	PUNCT
cjfa-28100	54	9	indicates	indicate	VERB
cjfa-28100	54	10	that	that	SCONJ
cjfa-28100	54	11	average	average	ADJ
cjfa-28100	54	12	excess	excess	ADJ
cjfa-28100	54	13	return	return	NOUN
cjfa-28100	54	14	overtime	overtime	NOUN
cjfa-28100	54	15	is	be	AUX
cjfa-28100	54	16	zero	zero	NUM
cjfa-28100	54	17	.	.	PUNCT
cjfa-28100	55	1	the	the	DET
cjfa-28100	55	2	fair	fair	ADJ
cjfa-28100	55	3	game	game	NOUN
cjfa-28100	55	4	model	model	NOUN
cjfa-28100	55	5	is	be	AUX
cjfa-28100	55	6	based	base	VERB
cjfa-28100	55	7	on	on	ADP
cjfa-28100	55	8	the	the	DET
cjfa-28100	55	9	behaviour	behaviour	NOUN
cjfa-28100	55	10	of	of	ADP
cjfa-28100	55	11	average	average	ADJ
cjfa-28100	55	12	return	return	NOUN
cjfa-28100	55	13	over	over	ADP
cjfa-28100	55	14	a	a	DET
cjfa-28100	55	15	large	large	ADJ
cjfa-28100	55	16	sample	sample	NOUN
cjfa-28100	55	17	;	;	PUNCT
cjfa-28100	55	18	the	the	DET
cjfa-28100	55	19	expected	expect	VERB
cjfa-28100	55	20	return	return	NOUN
cjfa-28100	55	21	on	on	ADP
cjfa-28100	55	22	an	an	DET
cjfa-28100	55	23	asset	asset	NOUN
cjfa-28100	55	24	equals	equal	VERB
cjfa-28100	55	25	its	its	PRON
cjfa-28100	55	26	actual	actual	ADJ
cjfa-28100	55	27	return	return	NOUN
cjfa-28100	55	28	.	.	PUNCT
cjfa-28100	56	1	therefore	therefore	ADV
cjfa-28100	56	2	,	,	PUNCT
cjfa-28100	56	3	the	the	DET
cjfa-28100	56	4	wealth	wealth	NOUN
cjfa-28100	56	5	of	of	ADP
cjfa-28100	56	6	an	an	DET
cjfa-28100	56	7	investor	investor	NOUN
cjfa-28100	56	8	in	in	ADP
cjfa-28100	56	9	the	the	DET
cjfa-28100	56	10	previous	previous	ADJ
cjfa-28100	56	11	period	period	NOUN
cjfa-28100	56	12	should	should	AUX
cjfa-28100	56	13	be	be	AUX
cjfa-28100	56	14	alike	alike	ADV
cjfa-28100	56	15	to	to	ADP
cjfa-28100	56	16	that	that	PRON
cjfa-28100	56	17	of	of	ADP
cjfa-28100	56	18	the	the	DET
cjfa-28100	56	19	current	current	ADJ
cjfa-28100	56	20	period	period	NOUN
cjfa-28100	56	21	(	(	PUNCT
cjfa-28100	56	22	samuels	samuels	PROPN
cjfa-28100	56	23	&	&	CCONJ
cjfa-28100	56	24	yacout	yacout	PROPN
cjfa-28100	56	25	,	,	PUNCT
cjfa-28100	56	26	1981	1981	NUM
cjfa-28100	56	27	)	)	PUNCT
cjfa-28100	56	28	.	.	PUNCT
cjfa-28100	57	1	the	the	DET
cjfa-28100	57	2	fair	fair	ADJ
cjfa-28100	57	3	game	game	NOUN
cjfa-28100	57	4	model	model	NOUN
cjfa-28100	57	5	for	for	ADP
cjfa-28100	57	6	the	the	DET
cjfa-28100	57	7	efficient	efficient	ADJ
cjfa-28100	57	8	market	market	NOUN
cjfa-28100	57	9	hypothesis	hypothesis	NOUN
cjfa-28100	57	10	for	for	ADP
cjfa-28100	57	11	expected	expect	VERB
cjfa-28100	57	12	return	return	NOUN
cjfa-28100	57	13	is	be	AUX
cjfa-28100	57	14	express	express	ADJ
cjfa-28100	57	15	as	as	ADP
cjfa-28100	57	16	:	:	PUNCT
cjfa-28100	57	17	�	�	PROPN
cjfa-28100	57	18	�	�	PROPN
cjfa-28100	57	19	�	�	PROPN
cjfa-28100	57	20	�	�	PROPN
cjfa-28100	57	21	�	�	PROPN
cjfa-28100	57	22	�	�	PROPN
cjfa-28100	57	23	=	=	SYM
cjfa-28100	57	24	�	�	PROPN
cjfa-28100	57	25	�	�	PROPN
cjfa-28100	57	26	�	�	PROPN
cjfa-28100	57	27	�	�	PROPN
cjfa-28100	57	28	�	�	PROPN
cjfa-28100	57	29	�	�	PROPN
cjfa-28100	57	30	�	�	PROPN
cjfa-28100	57	31	�	�	PROPN
cjfa-28100	57	32	(	(	PUNCT
cjfa-28100	57	33	�	�	PROPN
cjfa-28100	57	34	�	�	PROPN
cjfa-28100	57	35	�	�	PROPN
cjfa-28100	57	36	�	�	PROPN
cjfa-28100	57	37	�	�	PROPN
cjfa-28100	57	38	�	�	PROPN
cjfa-28100	57	39	|	|	NOUN
cjfa-28100	57	40	�	�	PROPN
cjfa-28100	57	41	�	�	PROPN
cjfa-28100	57	42	)	)	PUNCT
cjfa-28100	57	43	(	(	PUNCT
cjfa-28100	57	44	2	2	X
cjfa-28100	57	45	)	)	PUNCT
cjfa-28100	57	46	when	when	SCONJ
cjfa-28100	57	47	�	�	PROPN
cjfa-28100	57	48	(	(	PUNCT
cjfa-28100	57	49	�	�	PROPN
cjfa-28100	57	50	�	�	PROPN
cjfa-28100	57	51	�	�	PROPN
cjfa-28100	57	52	�	�	PROPN
cjfa-28100	57	53	|	|	NOUN
cjfa-28100	57	54	�	�	PROPN
cjfa-28100	57	55	�	�	PROPN
cjfa-28100	57	56	)	)	PUNCT
cjfa-28100	57	57	=	=	SYM
cjfa-28100	57	58	�	�	PROPN
cjfa-28100	57	59	�	�	PROPN
cjfa-28100	57	60	�	�	PROPN
cjfa-28100	57	61	�	�	PROPN
cjfa-28100	57	62	�	�	PROPN
cjfa-28100	57	63	�	�	PROPN
cjfa-28100	57	64	�	�	PROPN
cjfa-28100	57	65	�	�	PROPN
cjfa-28100	57	66	�	�	PROPN
cjfa-28100	57	67	(	(	PUNCT
cjfa-28100	57	68	�	�	PROPN
cjfa-28100	57	69	�	�	PROPN
cjfa-28100	57	70	�	�	PROPN
cjfa-28100	57	71	�	�	PROPN
cjfa-28100	57	72	�	�	PROPN
cjfa-28100	57	73	�	�	PROPN
cjfa-28100	57	74	|	|	NOUN
cjfa-28100	57	75	�	�	PROPN
cjfa-28100	57	76	�	�	PROPN
cjfa-28100	57	77	)	)	PUNCT
cjfa-28100	57	78	}	}	PUNCT
cjfa-28100	57	79	(	(	PUNCT
cjfa-28100	57	80	3	3	X
cjfa-28100	57	81	)	)	PUNCT
cjfa-28100	57	82	where	where	SCONJ
cjfa-28100	57	83	�	�	PROPN
cjfa-28100	57	84	�	�	PROPN
cjfa-28100	57	85	�	�	PROPN
cjfa-28100	57	86	�	�	PROPN
cjfa-28100	57	87	�	�	PROPN
cjfa-28100	57	88	�	�	PROPN
cjfa-28100	57	89	is	be	AUX
cjfa-28100	57	90	the	the	DET
cjfa-28100	57	91	excess	excess	NOUN
cjfa-28100	57	92	of	of	ADP
cjfa-28100	57	93	market	market	NOUN
cjfa-28100	57	94	value	value	NOUN
cjfa-28100	57	95	of	of	ADP
cjfa-28100	57	96	security	security	NOUN
cjfa-28100	57	97	�	�	PROPN
cjfa-28100	57	98	at	at	ADP
cjfa-28100	57	99	time	time	NOUN
cjfa-28100	57	100	�	�	PROPN
cjfa-28100	57	101	�	�	PROPN
cjfa-28100	57	102	�	�	PROPN
cjfa-28100	57	103	,	,	PUNCT
cjfa-28100	57	104	�	�	PROPN
cjfa-28100	57	105	�	�	PROPN
cjfa-28100	57	106	�	�	PROPN
cjfa-28100	57	107	�	�	PROPN
cjfa-28100	57	108	�	�	PROPN
cjfa-28100	57	109	�	�	PROPN
cjfa-28100	57	110	is	be	AUX
cjfa-28100	57	111	the	the	DET
cjfa-28100	57	112	actual	actual	ADJ
cjfa-28100	57	113	price	price	NOUN
cjfa-28100	57	114	of	of	ADP
cjfa-28100	57	115	security	security	NOUN
cjfa-28100	57	116	�	�	PROPN
cjfa-28100	57	117	at	at	ADP
cjfa-28100	57	118	time	time	NOUN
cjfa-28100	57	119	�	�	PROPN
cjfa-28100	57	120	�	�	PROPN
cjfa-28100	57	121	�	�	PROPN
cjfa-28100	57	122	(	(	PUNCT
cjfa-28100	57	123	with	with	ADP
cjfa-28100	57	124	reinvestment	reinvestment	NOUN
cjfa-28100	57	125	in	in	ADP
cjfa-28100	57	126	intermediate	intermediate	ADJ
cjfa-28100	57	127	cash	cash	NOUN
cjfa-28100	57	128	income	income	NOUN
cjfa-28100	57	129	from	from	ADP
cjfa-28100	57	130	the	the	DET
cjfa-28100	57	131	security	security	NOUN
cjfa-28100	57	132	)	)	PUNCT
cjfa-28100	57	133	,	,	PUNCT
cjfa-28100	57	134	�	�	PROPN
cjfa-28100	57	135	(	(	PUNCT
cjfa-28100	57	136	�	�	PROPN
cjfa-28100	57	137	�	�	PROPN
cjfa-28100	57	138	�	�	PROPN
cjfa-28100	57	139	�	�	PROPN
cjfa-28100	57	140	�	�	PROPN
cjfa-28100	57	141	�	�	PROPN
cjfa-28100	57	142	|	|	NOUN
cjfa-28100	57	143	�	�	PROPN
cjfa-28100	57	144	�	�	PROPN
cjfa-28100	57	145	)	)	PUNCT
cjfa-28100	57	146	is	be	AUX
cjfa-28100	57	147	the	the	DET
cjfa-28100	57	148	expected	expect	VERB
cjfa-28100	57	149	value	value	NOUN
cjfa-28100	57	150	operator	operator	NOUN
cjfa-28100	57	151	(	(	PUNCT
cjfa-28100	57	152	expected	expect	VERB
cjfa-28100	57	153	price	price	NOUN
cjfa-28100	57	154	of	of	ADP
cjfa-28100	57	155	security	security	NOUN
cjfa-28100	57	156	�	�	PROPN
cjfa-28100	57	157	that	that	PRON
cjfa-28100	57	158	was	be	AUX
cjfa-28100	57	159	projected	project	VERB
cjfa-28100	57	160	at	at	ADP
cjfa-28100	57	161	time	time	NOUN
cjfa-28100	57	162	�	�	PROPN
cjfa-28100	57	163	,	,	PUNCT
cjfa-28100	57	164	conditional	conditional	NOUN
cjfa-28100	57	165	on	on	ADP
cjfa-28100	57	166	the	the	DET
cjfa-28100	57	167	information	information	NOUN
cjfa-28100	57	168	set	set	VERB
cjfa-28100	57	169	�	�	PROPN
cjfa-28100	57	170	�	�	PROPN
cjfa-28100	57	171	or	or	CCONJ
cjfa-28100	57	172	its	its	PRON
cjfa-28100	57	173	equivalent	equivalent	NOUN
cjfa-28100	57	174	,	,	PUNCT
cjfa-28100	57	175	�	�	PROPN
cjfa-28100	57	176	is	be	AUX
cjfa-28100	57	177	the	the	DET
cjfa-28100	57	178	information	information	NOUN
cjfa-28100	57	179	set	set	VERB
cjfa-28100	57	180	that	that	PRON
cjfa-28100	57	181	is	be	AUX
cjfa-28100	57	182	assumed	assume	VERB
cjfa-28100	57	183	to	to	PART
cjfa-28100	57	184	be	be	AUX
cjfa-28100	57	185	fully	fully	ADV
cjfa-28100	57	186	reflected	reflect	VERB
cjfa-28100	57	187	in	in	ADP
cjfa-28100	57	188	the	the	DET
cjfa-28100	57	189	price	price	NOUN
cjfa-28100	57	190	of	of	ADP
cjfa-28100	57	191	security	security	NOUN
cjfa-28100	57	192	�	�	PROPN
cjfa-28100	57	193	at	at	ADP
cjfa-28100	57	194	time	time	NOUN
cjfa-28100	57	195	�	�	PROPN
cjfa-28100	57	196	,	,	PUNCT
cjfa-28100	57	197	and	and	CCONJ
cjfa-28100	57	198	|	|	ADV
cjfa-28100	57	199	is	be	AUX
cjfa-28100	57	200	the	the	DET
cjfa-28100	57	201	conditional	conditional	ADJ
cjfa-28100	57	202	sign	sign	NOUN
cjfa-28100	57	203	indicating	indicate	VERB
cjfa-28100	57	204	that	that	SCONJ
cjfa-28100	57	205	the	the	DET
cjfa-28100	57	206	price	price	NOUN
cjfa-28100	57	207	(	(	PUNCT
cjfa-28100	57	208	�	�	PROPN
cjfa-28100	57	209	)	)	PUNCT
cjfa-28100	57	210	of	of	ADP
cjfa-28100	57	211	security	security	NOUN
cjfa-28100	57	212	�	�	PROPN
cjfa-28100	57	213	is	be	AUX
cjfa-28100	57	214	conditional	conditional	ADJ
cjfa-28100	57	215	upon	upon	SCONJ
cjfa-28100	57	216	the	the	DET
cjfa-28100	57	217	information	information	NOUN
cjfa-28100	57	218	set	set	VERB
cjfa-28100	57	219	�	�	PROPN
cjfa-28100	57	220	at	at	ADP
cjfa-28100	57	221	time	time	NOUN
cjfa-28100	57	222	�	�	PROPN
cjfa-28100	57	223	.	.	PROPN
cjfa-28100	57	224	�	�	PROPN
cjfa-28100	57	225	�	�	PROPN
cjfa-28100	57	226	�	�	PROPN
cjfa-28100	57	227	�	�	PROPN
cjfa-28100	57	228	�	�	PROPN
cjfa-28100	57	229	�	�	PROPN
cjfa-28100	57	230	=	=	SYM
cjfa-28100	57	231	�	�	PROPN
cjfa-28100	57	232	�	�	PROPN
cjfa-28100	57	233	�	�	PROPN
cjfa-28100	57	234	�	�	PROPN
cjfa-28100	57	235	�	�	PROPN
cjfa-28100	57	236	�	�	PROPN
cjfa-28100	57	237	�	�	PROPN
cjfa-28100	57	238	�	�	PROPN
cjfa-28100	57	239	�	�	PROPN
cjfa-28100	57	240	�	�	PROPN
cjfa-28100	57	241	(	(	PUNCT
cjfa-28100	57	242	�	�	PROPN
cjfa-28100	57	243	�	�	PROPN
cjfa-28100	57	244	�	�	PROPN
cjfa-28100	57	245	�	�	PROPN
cjfa-28100	57	246	�	�	PROPN
cjfa-28100	57	247	�	�	PROPN
cjfa-28100	57	248	|	|	NOUN
cjfa-28100	57	249	�	�	PROPN
cjfa-28100	57	250	�	�	PROPN
cjfa-28100	57	251	)	)	PUNCT
cjfa-28100	57	252	(	(	PUNCT
cjfa-28100	57	253	4	4	X
cjfa-28100	57	254	)	)	PUNCT
cjfa-28100	57	255	when	when	SCONJ
cjfa-28100	57	256	�	�	PROPN
cjfa-28100	57	257	(	(	PUNCT
cjfa-28100	57	258	�	�	PROPN
cjfa-28100	57	259	�	�	PROPN
cjfa-28100	57	260	�	�	PROPN
cjfa-28100	57	261	�	�	PROPN
cjfa-28100	57	262	�	�	PROPN
cjfa-28100	57	263	�	�	PROPN
cjfa-28100	57	264	|	|	NOUN
cjfa-28100	57	265	�	�	PROPN
cjfa-28100	57	266	�	�	PROPN
cjfa-28100	57	267	)	)	PUNCT
cjfa-28100	57	268	=	=	SYM
cjfa-28100	57	269	�	�	PROPN
cjfa-28100	57	270	�	�	PROPN
cjfa-28100	57	271	�	�	PROPN
cjfa-28100	57	272	�	�	PROPN
cjfa-28100	57	273	�	�	PROPN
cjfa-28100	57	274	�	�	PROPN
cjfa-28100	57	275	�	�	PROPN
cjfa-28100	57	276	�	�	PROPN
cjfa-28100	57	277	�	�	PROPN
cjfa-28100	57	278	�	�	PROPN
cjfa-28100	57	279	(	(	PUNCT
cjfa-28100	57	280	�	�	PROPN
cjfa-28100	57	281	�	�	PROPN
cjfa-28100	57	282	�	�	PROPN
cjfa-28100	57	283	�	�	PROPN
cjfa-28100	57	284	�	�	PROPN
cjfa-28100	57	285	�	�	PROPN
cjfa-28100	57	286	|	|	NOUN
cjfa-28100	57	287	�	�	PROPN
cjfa-28100	57	288	�	�	PROPN
cjfa-28100	57	289	)	)	PUNCT
cjfa-28100	57	290	}	}	PUNCT
cjfa-28100	57	291	(	(	PUNCT
cjfa-28100	57	292	5	5	X
cjfa-28100	57	293	)	)	PUNCT
cjfa-28100	57	294	where	where	SCONJ
cjfa-28100	57	295	�	�	PROPN
cjfa-28100	57	296	�	�	PROPN
cjfa-28100	57	297	�	�	PROPN
cjfa-28100	57	298	�	�	PROPN
cjfa-28100	57	299	�	�	PROPN
cjfa-28100	57	300	�	�	PROPN
cjfa-28100	57	301	is	be	AUX
cjfa-28100	57	302	excess	excess	ADJ
cjfa-28100	57	303	return	return	NOUN
cjfa-28100	57	304	for	for	ADP
cjfa-28100	57	305	security	security	NOUN
cjfa-28100	57	306	�	�	PROPN
cjfa-28100	57	307	at	at	ADP
cjfa-28100	57	308	period	period	NOUN
cjfa-28100	57	309	�	�	PROPN
cjfa-28100	57	310	�	�	PROPN
cjfa-28100	57	311	�	�	PROPN
cjfa-28100	57	312	as	as	ADP
cjfa-28100	57	313	against	against	ADP
cjfa-28100	57	314	the	the	DET
cjfa-28100	57	315	equilibrium	equilibrium	NOUN
cjfa-28100	57	316	expected	expect	VERB
cjfa-28100	57	317	return	return	NOUN
cjfa-28100	57	318	projected	project	VERB
cjfa-28100	57	319	at	at	ADP
cjfa-28100	57	320	period	period	NOUN
cjfa-28100	57	321	�	�	PROPN
cjfa-28100	57	322	(	(	PUNCT
cjfa-28100	57	323	unexpected	unexpected	ADJ
cjfa-28100	57	324	or	or	CCONJ
cjfa-28100	57	325	excess	excess	ADJ
cjfa-28100	57	326	return	return	NOUN
cjfa-28100	57	327	for	for	ADP
cjfa-28100	57	328	security	security	NOUN
cjfa-28100	57	329	�	�	PROPN
cjfa-28100	57	330	at	at	ADP
cjfa-28100	57	331	time	time	NOUN
cjfa-28100	57	332	�	�	PROPN
cjfa-28100	57	333	�	�	PROPN
cjfa-28100	57	334	�	�	PROPN
cjfa-28100	57	335	)	)	PUNCT
cjfa-28100	57	336	,	,	PUNCT
cjfa-28100	57	337	�	�	PROPN
cjfa-28100	57	338	�	�	PROPN
cjfa-28100	57	339	�	�	PROPN
cjfa-28100	57	340	�	�	PROPN
cjfa-28100	57	341	�	�	PROPN
cjfa-28100	57	342	�	�	PROPN
cjfa-28100	57	343	is	be	AUX
cjfa-28100	57	344	the	the	DET
cjfa-28100	57	345	single	single	ADJ
cjfa-28100	57	346	period	period	NOUN
cjfa-28100	57	347	percentage	percentage	NOUN
cjfa-28100	57	348	(	(	PUNCT
cjfa-28100	57	349	&	&	CCONJ
cjfa-28100	57	350	)	)	PUNCT
cjfa-28100	57	351	return	return	NOUN
cjfa-28100	57	352	(	(	PUNCT
cjfa-28100	57	353	�	�	PROPN
cjfa-28100	57	354	�	�	PROPN
cjfa-28100	57	355	�	�	PROPN
cjfa-28100	57	356	�	�	PROPN
cjfa-28100	57	357	�	�	PROPN
cjfa-28100	57	358	�	�	PROPN
cjfa-28100	57	359	�	�	PROPN
cjfa-28100	57	360	�	�	PROPN
cjfa-28100	57	361	�	�	PROPN
cjfa-28100	57	362	�	�	PROPN
cjfa-28100	57	363	�	�	PROPN
cjfa-28100	57	364	�	�	PROPN
cjfa-28100	57	365	�	�	PROPN
cjfa-28100	57	366	�	�	PROPN
cjfa-28100	57	367	�	�	PROPN
cjfa-28100	57	368	)	)	PUNCT
cjfa-28100	58	1	i.e	i.e	ADP
cjfa-28100	58	2	the	the	DET
cjfa-28100	58	3	actual	actual	ADJ
cjfa-28100	58	4	or	or	CCONJ
cjfa-28100	58	5	observed	observed	ADJ
cjfa-28100	58	6	return	return	NOUN
cjfa-28100	58	7	for	for	ADP
cjfa-28100	58	8	security	security	NOUN
cjfa-28100	58	9	�	�	PROPN
cjfa-28100	58	10	at	at	ADP
cjfa-28100	58	11	time	time	NOUN
cjfa-28100	58	12	�	�	PROPN
cjfa-28100	58	13	�	�	PROPN
cjfa-28100	58	14	�	�	PROPN
cjfa-28100	58	15	and	and	CCONJ
cjfa-28100	58	16	�	�	PROPN
cjfa-28100	58	17	(	(	PUNCT
cjfa-28100	58	18	�	�	PROPN
cjfa-28100	58	19	�	�	PROPN
cjfa-28100	58	20	�	�	PROPN
cjfa-28100	58	21	�	�	PROPN
cjfa-28100	58	22	�	�	PROPN
cjfa-28100	58	23	�	�	PROPN
cjfa-28100	58	24	|	|	NOUN
cjfa-28100	58	25	�	�	PROPN
cjfa-28100	58	26	�	�	PROPN
cjfa-28100	58	27	)	)	PUNCT
cjfa-28100	58	28	is	be	AUX
cjfa-28100	58	29	the	the	DET
cjfa-28100	58	30	equilibrium	equilibrium	NOUN
cjfa-28100	58	31	expected	expect	VERB
cjfa-28100	58	32	return	return	NOUN
cjfa-28100	58	33	at	at	ADP
cjfa-28100	58	34	time	time	NOUN
cjfa-28100	58	35	�	�	PROPN
cjfa-28100	58	36	�	�	PROPN
cjfa-28100	58	37	�	�	PROPN
cjfa-28100	58	38	projected	project	VERB
cjfa-28100	58	39	at	at	ADP
cjfa-28100	58	40	time	time	NOUN
cjfa-28100	58	41	based	base	VERB
cjfa-28100	58	42	on	on	ADP
cjfa-28100	58	43	the	the	DET
cjfa-28100	58	44	information	information	NOUN
cjfa-28100	58	45	set	set	VERB
cjfa-28100	58	46	�	�	PROPN
cjfa-28100	58	47	�	�	PROPN
cjfa-28100	58	48	.	.	PUNCT
cjfa-28100	59	1	(	(	PUNCT
cjfa-28100	59	2	4	4	X
cjfa-28100	59	3	)	)	PUNCT
cjfa-28100	59	4	kamaldeen	kamaldeen	VERB
cjfa-28100	59	5	ibraheem	ibraheem	ADJ
cjfa-28100	59	6	nageri78	nageri78	NOUN
cjfa-28100	59	7	when	when	SCONJ
cjfa-28100	59	8	�	�	PROPN
cjfa-28100	59	9	(	(	PUNCT
cjfa-28100	59	10	�	�	PROPN
cjfa-28100	59	11	�	�	PROPN
cjfa-28100	59	12	�	�	PROPN
cjfa-28100	59	13	�	�	PROPN
cjfa-28100	59	14	|	|	NOUN
cjfa-28100	59	15	�	�	PROPN
cjfa-28100	59	16	�	�	AUX
cjfa-28100	59	17	)	)	PUNCT
cjfa-28100	59	18	=	=	SYM
cjfa-28100	59	19	0	0	NUM
cjfa-28100	60	1	(	(	PUNCT
cjfa-28100	60	2	1	1	NUM
cjfa-28100	60	3	)	)	PUNCT
cjfa-28100	60	4	expression	expression	NOUN
cjfa-28100	60	5	(	(	PUNCT
cjfa-28100	60	6	1	1	X
cjfa-28100	60	7	)	)	PUNCT
cjfa-28100	60	8	indicates	indicate	VERB
cjfa-28100	60	9	that	that	SCONJ
cjfa-28100	60	10	average	average	ADJ
cjfa-28100	60	11	excess	excess	ADJ
cjfa-28100	60	12	return	return	NOUN
cjfa-28100	60	13	overtime	overtime	NOUN
cjfa-28100	60	14	is	be	AUX
cjfa-28100	60	15	zero	zero	NUM
cjfa-28100	60	16	.	.	PUNCT
cjfa-28100	61	1	the	the	DET
cjfa-28100	61	2	fair	fair	ADJ
cjfa-28100	61	3	game	game	NOUN
cjfa-28100	61	4	model	model	NOUN
cjfa-28100	61	5	is	be	AUX
cjfa-28100	61	6	based	base	VERB
cjfa-28100	61	7	on	on	ADP
cjfa-28100	61	8	the	the	DET
cjfa-28100	61	9	behaviour	behaviour	NOUN
cjfa-28100	61	10	of	of	ADP
cjfa-28100	61	11	average	average	ADJ
cjfa-28100	61	12	return	return	NOUN
cjfa-28100	61	13	over	over	ADP
cjfa-28100	61	14	a	a	DET
cjfa-28100	61	15	large	large	ADJ
cjfa-28100	61	16	sample	sample	NOUN
cjfa-28100	61	17	;	;	PUNCT
cjfa-28100	61	18	the	the	DET
cjfa-28100	61	19	expected	expect	VERB
cjfa-28100	61	20	return	return	NOUN
cjfa-28100	61	21	on	on	ADP
cjfa-28100	61	22	an	an	DET
cjfa-28100	61	23	asset	asset	NOUN
cjfa-28100	61	24	equals	equal	VERB
cjfa-28100	61	25	its	its	PRON
cjfa-28100	61	26	actual	actual	ADJ
cjfa-28100	61	27	return	return	NOUN
cjfa-28100	61	28	.	.	PUNCT
cjfa-28100	62	1	therefore	therefore	ADV
cjfa-28100	62	2	,	,	PUNCT
cjfa-28100	62	3	the	the	DET
cjfa-28100	62	4	wealth	wealth	NOUN
cjfa-28100	62	5	of	of	ADP
cjfa-28100	62	6	an	an	DET
cjfa-28100	62	7	investor	investor	NOUN
cjfa-28100	62	8	in	in	ADP
cjfa-28100	62	9	the	the	DET
cjfa-28100	62	10	previous	previous	ADJ
cjfa-28100	62	11	period	period	NOUN
cjfa-28100	62	12	should	should	AUX
cjfa-28100	62	13	be	be	AUX
cjfa-28100	62	14	alike	alike	ADV
cjfa-28100	62	15	to	to	ADP
cjfa-28100	62	16	that	that	PRON
cjfa-28100	62	17	of	of	ADP
cjfa-28100	62	18	the	the	DET
cjfa-28100	62	19	current	current	ADJ
cjfa-28100	62	20	period	period	NOUN
cjfa-28100	62	21	(	(	PUNCT
cjfa-28100	62	22	samuels	samuels	PROPN
cjfa-28100	62	23	&	&	CCONJ
cjfa-28100	62	24	yacout	yacout	PROPN
cjfa-28100	62	25	,	,	PUNCT
cjfa-28100	62	26	1981	1981	NUM
cjfa-28100	62	27	)	)	PUNCT
cjfa-28100	62	28	.	.	PUNCT
cjfa-28100	63	1	the	the	DET
cjfa-28100	63	2	fair	fair	ADJ
cjfa-28100	63	3	game	game	NOUN
cjfa-28100	63	4	model	model	NOUN
cjfa-28100	63	5	for	for	ADP
cjfa-28100	63	6	the	the	DET
cjfa-28100	63	7	efficient	efficient	ADJ
cjfa-28100	63	8	market	market	NOUN
cjfa-28100	63	9	hypothesis	hypothesis	NOUN
cjfa-28100	63	10	for	for	ADP
cjfa-28100	63	11	expected	expect	VERB
cjfa-28100	63	12	return	return	NOUN
cjfa-28100	63	13	is	be	AUX
cjfa-28100	63	14	express	express	ADJ
cjfa-28100	63	15	as	as	ADP
cjfa-28100	63	16	:	:	PUNCT
cjfa-28100	63	17	�	�	PROPN
cjfa-28100	63	18	�	�	PROPN
cjfa-28100	63	19	�	�	PROPN
cjfa-28100	63	20	�	�	PROPN
cjfa-28100	63	21	�	�	PROPN
cjfa-28100	63	22	�	�	PROPN
cjfa-28100	63	23	=	=	SYM
cjfa-28100	63	24	�	�	PROPN
cjfa-28100	63	25	�	�	PROPN
cjfa-28100	63	26	�	�	PROPN
cjfa-28100	63	27	�	�	PROPN
cjfa-28100	63	28	�	�	PROPN
cjfa-28100	63	29	�	�	PROPN
cjfa-28100	63	30	�	�	PROPN
cjfa-28100	63	31	�	�	PROPN
cjfa-28100	63	32	(	(	PUNCT
cjfa-28100	63	33	�	�	PROPN
cjfa-28100	63	34	�	�	PROPN
cjfa-28100	63	35	�	�	PROPN
cjfa-28100	63	36	�	�	PROPN
cjfa-28100	63	37	�	�	PROPN
cjfa-28100	63	38	�	�	PROPN
cjfa-28100	63	39	|	|	NOUN
cjfa-28100	63	40	�	�	PROPN
cjfa-28100	63	41	�	�	PROPN
cjfa-28100	63	42	)	)	PUNCT
cjfa-28100	63	43	(	(	PUNCT
cjfa-28100	63	44	2	2	X
cjfa-28100	63	45	)	)	PUNCT
cjfa-28100	63	46	when	when	SCONJ
cjfa-28100	63	47	�	�	PROPN
cjfa-28100	63	48	(	(	PUNCT
cjfa-28100	63	49	�	�	PROPN
cjfa-28100	63	50	�	�	PROPN
cjfa-28100	63	51	�	�	PROPN
cjfa-28100	63	52	�	�	PROPN
cjfa-28100	63	53	|	|	NOUN
cjfa-28100	63	54	�	�	PROPN
cjfa-28100	63	55	�	�	PROPN
cjfa-28100	63	56	)	)	PUNCT
cjfa-28100	63	57	=	=	SYM
cjfa-28100	63	58	�	�	PROPN
cjfa-28100	63	59	�	�	PROPN
cjfa-28100	63	60	�	�	PROPN
cjfa-28100	63	61	�	�	PROPN
cjfa-28100	63	62	�	�	PROPN
cjfa-28100	63	63	�	�	PROPN
cjfa-28100	63	64	�	�	PROPN
cjfa-28100	63	65	�	�	PROPN
cjfa-28100	63	66	�	�	PROPN
cjfa-28100	63	67	(	(	PUNCT
cjfa-28100	63	68	�	�	PROPN
cjfa-28100	63	69	�	�	PROPN
cjfa-28100	63	70	�	�	PROPN
cjfa-28100	63	71	�	�	PROPN
cjfa-28100	63	72	�	�	PROPN
cjfa-28100	63	73	�	�	PROPN
cjfa-28100	63	74	|	|	NOUN
cjfa-28100	63	75	�	�	PROPN
cjfa-28100	63	76	�	�	PROPN
cjfa-28100	63	77	)	)	PUNCT
cjfa-28100	63	78	}	}	PUNCT
cjfa-28100	63	79	(	(	PUNCT
cjfa-28100	63	80	3	3	X
cjfa-28100	63	81	)	)	PUNCT
cjfa-28100	63	82	where	where	SCONJ
cjfa-28100	63	83	�	�	PROPN
cjfa-28100	63	84	�	�	PROPN
cjfa-28100	63	85	�	�	PROPN
cjfa-28100	63	86	�	�	PROPN
cjfa-28100	63	87	�	�	PROPN
cjfa-28100	63	88	�	�	PROPN
cjfa-28100	63	89	is	be	AUX
cjfa-28100	63	90	the	the	DET
cjfa-28100	63	91	excess	excess	NOUN
cjfa-28100	63	92	of	of	ADP
cjfa-28100	63	93	market	market	NOUN
cjfa-28100	63	94	value	value	NOUN
cjfa-28100	63	95	of	of	ADP
cjfa-28100	63	96	security	security	NOUN
cjfa-28100	63	97	�	�	PROPN
cjfa-28100	63	98	at	at	ADP
cjfa-28100	63	99	time	time	NOUN
cjfa-28100	63	100	�	�	PROPN
cjfa-28100	63	101	�	�	PROPN
cjfa-28100	63	102	�	�	PROPN
cjfa-28100	63	103	,	,	PUNCT
cjfa-28100	63	104	�	�	PROPN
cjfa-28100	63	105	�	�	PROPN
cjfa-28100	63	106	�	�	PROPN
cjfa-28100	63	107	�	�	PROPN
cjfa-28100	63	108	�	�	PROPN
cjfa-28100	63	109	�	�	PROPN
cjfa-28100	63	110	is	be	AUX
cjfa-28100	63	111	the	the	DET
cjfa-28100	63	112	actual	actual	ADJ
cjfa-28100	63	113	price	price	NOUN
cjfa-28100	63	114	of	of	ADP
cjfa-28100	63	115	security	security	NOUN
cjfa-28100	63	116	�	�	PROPN
cjfa-28100	63	117	at	at	ADP
cjfa-28100	63	118	time	time	NOUN
cjfa-28100	63	119	�	�	PROPN
cjfa-28100	63	120	�	�	PROPN
cjfa-28100	63	121	�	�	PROPN
cjfa-28100	63	122	(	(	PUNCT
cjfa-28100	63	123	with	with	ADP
cjfa-28100	63	124	reinvestment	reinvestment	NOUN
cjfa-28100	63	125	in	in	ADP
cjfa-28100	63	126	intermediate	intermediate	ADJ
cjfa-28100	63	127	cash	cash	NOUN
cjfa-28100	63	128	income	income	NOUN
cjfa-28100	63	129	from	from	ADP
cjfa-28100	63	130	the	the	DET
cjfa-28100	63	131	security	security	NOUN
cjfa-28100	63	132	)	)	PUNCT
cjfa-28100	63	133	,	,	PUNCT
cjfa-28100	63	134	�	�	PROPN
cjfa-28100	63	135	(	(	PUNCT
cjfa-28100	63	136	�	�	PROPN
cjfa-28100	63	137	�	�	PROPN
cjfa-28100	63	138	�	�	PROPN
cjfa-28100	63	139	�	�	PROPN
cjfa-28100	63	140	�	�	PROPN
cjfa-28100	63	141	�	�	PROPN
cjfa-28100	63	142	|	|	NOUN
cjfa-28100	63	143	�	�	PROPN
cjfa-28100	63	144	�	�	PROPN
cjfa-28100	63	145	)	)	PUNCT
cjfa-28100	63	146	is	be	AUX
cjfa-28100	63	147	the	the	DET
cjfa-28100	63	148	expected	expect	VERB
cjfa-28100	63	149	value	value	NOUN
cjfa-28100	63	150	operator	operator	NOUN
cjfa-28100	63	151	(	(	PUNCT
cjfa-28100	63	152	expected	expect	VERB
cjfa-28100	63	153	price	price	NOUN
cjfa-28100	63	154	of	of	ADP
cjfa-28100	63	155	security	security	NOUN
cjfa-28100	63	156	�	�	PROPN
cjfa-28100	63	157	that	that	PRON
cjfa-28100	63	158	was	be	AUX
cjfa-28100	63	159	projected	project	VERB
cjfa-28100	63	160	at	at	ADP
cjfa-28100	63	161	time	time	NOUN
cjfa-28100	63	162	�	�	PROPN
cjfa-28100	63	163	,	,	PUNCT
cjfa-28100	63	164	conditional	conditional	NOUN
cjfa-28100	63	165	on	on	ADP
cjfa-28100	63	166	the	the	DET
cjfa-28100	63	167	information	information	NOUN
cjfa-28100	63	168	set	set	VERB
cjfa-28100	63	169	�	�	PROPN
cjfa-28100	63	170	�	�	PROPN
cjfa-28100	63	171	or	or	CCONJ
cjfa-28100	63	172	its	its	PRON
cjfa-28100	63	173	equivalent	equivalent	NOUN
cjfa-28100	63	174	,	,	PUNCT
cjfa-28100	63	175	�	�	PROPN
cjfa-28100	63	176	is	be	AUX
cjfa-28100	63	177	the	the	DET
cjfa-28100	63	178	information	information	NOUN
cjfa-28100	63	179	set	set	VERB
cjfa-28100	63	180	that	that	PRON
cjfa-28100	63	181	is	be	AUX
cjfa-28100	63	182	assumed	assume	VERB
cjfa-28100	63	183	to	to	PART
cjfa-28100	63	184	be	be	AUX
cjfa-28100	63	185	fully	fully	ADV
cjfa-28100	63	186	reflected	reflect	VERB
cjfa-28100	63	187	in	in	ADP
cjfa-28100	63	188	the	the	DET
cjfa-28100	63	189	price	price	NOUN
cjfa-28100	63	190	of	of	ADP
cjfa-28100	63	191	security	security	NOUN
cjfa-28100	63	192	�	�	PROPN
cjfa-28100	63	193	at	at	ADP
cjfa-28100	63	194	time	time	NOUN
cjfa-28100	63	195	�	�	PROPN
cjfa-28100	63	196	,	,	PUNCT
cjfa-28100	63	197	and	and	CCONJ
cjfa-28100	63	198	|	|	ADV
cjfa-28100	63	199	is	be	AUX
cjfa-28100	63	200	the	the	DET
cjfa-28100	63	201	conditional	conditional	ADJ
cjfa-28100	63	202	sign	sign	NOUN
cjfa-28100	63	203	indicating	indicate	VERB
cjfa-28100	63	204	that	that	SCONJ
cjfa-28100	63	205	the	the	DET
cjfa-28100	63	206	price	price	NOUN
cjfa-28100	63	207	(	(	PUNCT
cjfa-28100	63	208	�	�	PROPN
cjfa-28100	63	209	)	)	PUNCT
cjfa-28100	63	210	of	of	ADP
cjfa-28100	63	211	security	security	NOUN
cjfa-28100	63	212	�	�	PROPN
cjfa-28100	63	213	is	be	AUX
cjfa-28100	63	214	conditional	conditional	ADJ
cjfa-28100	63	215	upon	upon	SCONJ
cjfa-28100	63	216	the	the	DET
cjfa-28100	63	217	information	information	NOUN
cjfa-28100	63	218	set	set	VERB
cjfa-28100	63	219	�	�	PROPN
cjfa-28100	63	220	at	at	ADP
cjfa-28100	63	221	time	time	NOUN
cjfa-28100	63	222	�	�	PROPN
cjfa-28100	63	223	.	.	PROPN
cjfa-28100	63	224	�	�	PROPN
cjfa-28100	63	225	�	�	PROPN
cjfa-28100	63	226	�	�	PROPN
cjfa-28100	63	227	�	�	PROPN
cjfa-28100	63	228	�	�	PROPN
cjfa-28100	63	229	�	�	PROPN
cjfa-28100	63	230	=	=	SYM
cjfa-28100	63	231	�	�	PROPN
cjfa-28100	63	232	�	�	PROPN
cjfa-28100	63	233	�	�	PROPN
cjfa-28100	63	234	�	�	PROPN
cjfa-28100	63	235	�	�	PROPN
cjfa-28100	63	236	�	�	PROPN
cjfa-28100	63	237	�	�	PROPN
cjfa-28100	63	238	�	�	PROPN
cjfa-28100	63	239	�	�	PROPN
cjfa-28100	63	240	�	�	PROPN
cjfa-28100	63	241	(	(	PUNCT
cjfa-28100	63	242	�	�	PROPN
cjfa-28100	63	243	�	�	PROPN
cjfa-28100	63	244	�	�	PROPN
cjfa-28100	63	245	�	�	PROPN
cjfa-28100	63	246	�	�	PROPN
cjfa-28100	63	247	�	�	PROPN
cjfa-28100	63	248	|	|	NOUN
cjfa-28100	63	249	�	�	PROPN
cjfa-28100	63	250	�	�	PROPN
cjfa-28100	63	251	)	)	PUNCT
cjfa-28100	63	252	(	(	PUNCT
cjfa-28100	63	253	4	4	X
cjfa-28100	63	254	)	)	PUNCT
cjfa-28100	63	255	when	when	SCONJ
cjfa-28100	63	256	�	�	PROPN
cjfa-28100	63	257	(	(	PUNCT
cjfa-28100	63	258	�	�	PROPN
cjfa-28100	63	259	�	�	PROPN
cjfa-28100	63	260	�	�	PROPN
cjfa-28100	63	261	�	�	PROPN
cjfa-28100	63	262	�	�	PROPN
cjfa-28100	63	263	�	�	PROPN
cjfa-28100	63	264	|	|	NOUN
cjfa-28100	63	265	�	�	PROPN
cjfa-28100	63	266	�	�	PROPN
cjfa-28100	63	267	)	)	PUNCT
cjfa-28100	63	268	=	=	SYM
cjfa-28100	63	269	�	�	PROPN
cjfa-28100	63	270	�	�	PROPN
cjfa-28100	63	271	�	�	PROPN
cjfa-28100	63	272	�	�	PROPN
cjfa-28100	63	273	�	�	PROPN
cjfa-28100	63	274	�	�	PROPN
cjfa-28100	63	275	�	�	PROPN
cjfa-28100	63	276	�	�	PROPN
cjfa-28100	63	277	�	�	PROPN
cjfa-28100	63	278	�	�	PROPN
cjfa-28100	63	279	(	(	PUNCT
cjfa-28100	63	280	�	�	PROPN
cjfa-28100	63	281	�	�	PROPN
cjfa-28100	63	282	�	�	PROPN
cjfa-28100	63	283	�	�	PROPN
cjfa-28100	63	284	�	�	PROPN
cjfa-28100	63	285	�	�	PROPN
cjfa-28100	63	286	|	|	NOUN
cjfa-28100	63	287	�	�	PROPN
cjfa-28100	63	288	�	�	PROPN
cjfa-28100	63	289	)	)	PUNCT
cjfa-28100	63	290	}	}	PUNCT
cjfa-28100	63	291	(	(	PUNCT
cjfa-28100	63	292	5	5	X
cjfa-28100	63	293	)	)	PUNCT
cjfa-28100	63	294	where	where	SCONJ
cjfa-28100	63	295	�	�	PROPN
cjfa-28100	63	296	�	�	PROPN
cjfa-28100	63	297	�	�	PROPN
cjfa-28100	63	298	�	�	PROPN
cjfa-28100	63	299	�	�	PROPN
cjfa-28100	63	300	�	�	PROPN
cjfa-28100	63	301	is	be	AUX
cjfa-28100	63	302	excess	excess	ADJ
cjfa-28100	63	303	return	return	NOUN
cjfa-28100	63	304	for	for	ADP
cjfa-28100	63	305	security	security	NOUN
cjfa-28100	63	306	�	�	PROPN
cjfa-28100	63	307	at	at	ADP
cjfa-28100	63	308	period	period	NOUN
cjfa-28100	63	309	�	�	PROPN
cjfa-28100	63	310	�	�	PROPN
cjfa-28100	63	311	�	�	PROPN
cjfa-28100	63	312	as	as	ADP
cjfa-28100	63	313	against	against	ADP
cjfa-28100	63	314	the	the	DET
cjfa-28100	63	315	equilibrium	equilibrium	NOUN
cjfa-28100	63	316	expected	expect	VERB
cjfa-28100	63	317	return	return	NOUN
cjfa-28100	63	318	projected	project	VERB
cjfa-28100	63	319	at	at	ADP
cjfa-28100	63	320	period	period	NOUN
cjfa-28100	63	321	�	�	PROPN
cjfa-28100	63	322	(	(	PUNCT
cjfa-28100	63	323	unexpected	unexpected	ADJ
cjfa-28100	63	324	or	or	CCONJ
cjfa-28100	63	325	excess	excess	ADJ
cjfa-28100	63	326	return	return	NOUN
cjfa-28100	63	327	for	for	ADP
cjfa-28100	63	328	security	security	NOUN
cjfa-28100	63	329	�	�	PROPN
cjfa-28100	63	330	at	at	ADP
cjfa-28100	63	331	time	time	NOUN
cjfa-28100	63	332	�	�	PROPN
cjfa-28100	63	333	�	�	PROPN
cjfa-28100	63	334	�	�	PROPN
cjfa-28100	63	335	)	)	PUNCT
cjfa-28100	63	336	,	,	PUNCT
cjfa-28100	63	337	�	�	PROPN
cjfa-28100	63	338	�	�	PROPN
cjfa-28100	63	339	�	�	PROPN
cjfa-28100	63	340	�	�	PROPN
cjfa-28100	63	341	�	�	PROPN
cjfa-28100	63	342	�	�	PROPN
cjfa-28100	63	343	is	be	AUX
cjfa-28100	63	344	the	the	DET
cjfa-28100	63	345	single	single	ADJ
cjfa-28100	63	346	period	period	NOUN
cjfa-28100	63	347	percentage	percentage	NOUN
cjfa-28100	63	348	(	(	PUNCT
cjfa-28100	63	349	&	&	CCONJ
cjfa-28100	63	350	)	)	PUNCT
cjfa-28100	63	351	return	return	NOUN
cjfa-28100	63	352	(	(	PUNCT
cjfa-28100	63	353	�	�	PROPN
cjfa-28100	63	354	�	�	PROPN
cjfa-28100	63	355	�	�	PROPN
cjfa-28100	63	356	�	�	PROPN
cjfa-28100	63	357	�	�	PROPN
cjfa-28100	63	358	�	�	PROPN
cjfa-28100	63	359	�	�	PROPN
cjfa-28100	63	360	�	�	PROPN
cjfa-28100	63	361	�	�	PROPN
cjfa-28100	63	362	�	�	PROPN
cjfa-28100	63	363	�	�	PROPN
cjfa-28100	63	364	�	�	PROPN
cjfa-28100	63	365	�	�	PROPN
cjfa-28100	63	366	�	�	PROPN
cjfa-28100	63	367	�	�	PROPN
cjfa-28100	63	368	)	)	PUNCT
cjfa-28100	64	1	i.e	i.e	ADP
cjfa-28100	64	2	the	the	DET
cjfa-28100	64	3	actual	actual	ADJ
cjfa-28100	64	4	or	or	CCONJ
cjfa-28100	64	5	observed	observed	ADJ
cjfa-28100	64	6	return	return	NOUN
cjfa-28100	64	7	for	for	ADP
cjfa-28100	64	8	security	security	NOUN
cjfa-28100	64	9	�	�	PROPN
cjfa-28100	64	10	at	at	ADP
cjfa-28100	64	11	time	time	NOUN
cjfa-28100	64	12	�	�	PROPN
cjfa-28100	64	13	�	�	PROPN
cjfa-28100	64	14	�	�	PROPN
cjfa-28100	64	15	and	and	CCONJ
cjfa-28100	64	16	�	�	PROPN
cjfa-28100	64	17	(	(	PUNCT
cjfa-28100	64	18	�	�	PROPN
cjfa-28100	64	19	�	�	PROPN
cjfa-28100	64	20	�	�	PROPN
cjfa-28100	64	21	�	�	PROPN
cjfa-28100	64	22	�	�	PROPN
cjfa-28100	64	23	�	�	PROPN
cjfa-28100	64	24	|	|	NOUN
cjfa-28100	64	25	�	�	PROPN
cjfa-28100	64	26	�	�	PROPN
cjfa-28100	64	27	)	)	PUNCT
cjfa-28100	64	28	is	be	AUX
cjfa-28100	64	29	the	the	DET
cjfa-28100	64	30	equilibrium	equilibrium	NOUN
cjfa-28100	64	31	expected	expect	VERB
cjfa-28100	64	32	return	return	NOUN
cjfa-28100	64	33	at	at	ADP
cjfa-28100	64	34	time	time	NOUN
cjfa-28100	64	35	�	�	PROPN
cjfa-28100	64	36	�	�	PROPN
cjfa-28100	64	37	�	�	PROPN
cjfa-28100	64	38	projected	project	VERB
cjfa-28100	64	39	at	at	ADP
cjfa-28100	64	40	time	time	NOUN
cjfa-28100	64	41	based	base	VERB
cjfa-28100	64	42	on	on	ADP
cjfa-28100	64	43	the	the	DET
cjfa-28100	64	44	information	information	NOUN
cjfa-28100	64	45	set	set	VERB
cjfa-28100	64	46	�	�	PROPN
cjfa-28100	64	47	�	�	PROPN
cjfa-28100	64	48	.	.	PUNCT
cjfa-28100	65	1	(	(	PUNCT
cjfa-28100	65	2	5	5	NUM
cjfa-28100	65	3	)	)	PUNCT
cjfa-28100	65	4	where	where	SCONJ
cjfa-28100	65	5	zj	zj	PROPN
cjfa-28100	65	6	,	,	PUNCT
cjfa-28100	65	7	t+1	t+1	PROPN
cjfa-28100	65	8	is	be	AUX
cjfa-28100	65	9	excess	excess	ADJ
cjfa-28100	65	10	return	return	NOUN
cjfa-28100	65	11	for	for	ADP
cjfa-28100	65	12	security	security	NOUN
cjfa-28100	65	13	j	j	NOUN
cjfa-28100	65	14	at	at	ADP
cjfa-28100	65	15	period	period	NOUN
cjfa-28100	66	1	t	t	PROPN
cjfa-28100	66	2	 	 	SPACE
cjfa-28100	66	3	+	+	NOUN
cjfa-28100	66	4	 	 	SPACE
cjfa-28100	66	5	1	1	NUM
cjfa-28100	66	6	as	as	ADP
cjfa-28100	66	7	against	against	ADP
cjfa-28100	66	8	the	the	DET
cjfa-28100	66	9	equilibrium	equilibrium	NOUN
cjfa-28100	66	10	expected	expect	VERB
cjfa-28100	66	11	return	return	NOUN
cjfa-28100	66	12	projected	project	VERB
cjfa-28100	66	13	at	at	ADP
cjfa-28100	66	14	period	period	NOUN
cjfa-28100	66	15	(	(	PUNCT
cjfa-28100	66	16	unexpected	unexpected	ADJ
cjfa-28100	66	17	or	or	CCONJ
cjfa-28100	66	18	excess	excess	ADJ
cjfa-28100	66	19	return	return	NOUN
cjfa-28100	66	20	for	for	ADP
cjfa-28100	66	21	security	security	NOUN
cjfa-28100	66	22	j	j	NOUN
cjfa-28100	66	23	at	at	ADP
cjfa-28100	66	24	time	time	NOUN
cjfa-28100	66	25	t	t	PROPN
cjfa-28100	66	26	 	 	SPACE
cjfa-28100	66	27	+	+	NOUN
cjfa-28100	66	28	 	 	SPACE
cjfa-28100	66	29	1	1	NUM
cjfa-28100	66	30	)	)	PUNCT
cjfa-28100	67	1	,	,	PUNCT
cjfa-28100	67	2	rj	rj	PROPN
cjfa-28100	67	3	,	,	PUNCT
cjfa-28100	67	4	t+1	t+1	PROPN
cjfa-28100	67	5	is	be	AUX
cjfa-28100	67	6	the	the	DET
cjfa-28100	67	7	single	single	ADJ
cjfa-28100	67	8	period	period	NOUN
cjfa-28100	67	9	percentage	percentage	NOUN
cjfa-28100	67	10	(	(	PUNCT
cjfa-28100	67	11	&	&	CCONJ
cjfa-28100	67	12	)	)	PUNCT
cjfa-28100	67	13	return	return	NOUN
cjfa-28100	67	14	�	�	PROPN
cjfa-28100	67	15	(	(	PUNCT
cjfa-28100	67	16	�	�	PROPN
cjfa-28100	67	17	�	�	PROPN
cjfa-28100	67	18	�	�	PROPN
cjfa-28100	67	19	�	�	PROPN
cjfa-28100	67	20	|	|	NOUN
cjfa-28100	67	21	�	�	PROPN
cjfa-28100	67	22	�	�	PROPN
cjfa-28100	67	23	)	)	PUNCT
cjfa-28100	67	24	=	=	SYM
cjfa-28100	67	25	0	0	NUM
cjfa-28100	68	1	(	(	PUNCT
cjfa-28100	68	2	1	1	NUM
cjfa-28100	68	3	)	)	PUNCT
cjfa-28100	68	4	expression	expression	NOUN
cjfa-28100	68	5	(	(	PUNCT
cjfa-28100	68	6	1	1	X
cjfa-28100	68	7	)	)	PUNCT
cjfa-28100	68	8	indicates	indicate	VERB
cjfa-28100	68	9	that	that	SCONJ
cjfa-28100	68	10	average	average	ADJ
cjfa-28100	68	11	excess	excess	ADJ
cjfa-28100	68	12	return	return	NOUN
cjfa-28100	68	13	overtime	overtime	NOUN
cjfa-28100	68	14	is	be	AUX
cjfa-28100	68	15	zero	zero	NUM
cjfa-28100	68	16	.	.	PUNCT
cjfa-28100	69	1	the	the	DET
cjfa-28100	69	2	fair	fair	ADJ
cjfa-28100	69	3	game	game	NOUN
cjfa-28100	69	4	model	model	NOUN
cjfa-28100	69	5	is	be	AUX
cjfa-28100	69	6	based	base	VERB
cjfa-28100	69	7	on	on	ADP
cjfa-28100	69	8	the	the	DET
cjfa-28100	69	9	behaviour	behaviour	NOUN
cjfa-28100	69	10	of	of	ADP
cjfa-28100	69	11	average	average	ADJ
cjfa-28100	69	12	return	return	NOUN
cjfa-28100	69	13	over	over	ADP
cjfa-28100	69	14	a	a	DET
cjfa-28100	69	15	large	large	ADJ
cjfa-28100	69	16	sample	sample	NOUN
cjfa-28100	69	17	;	;	PUNCT
cjfa-28100	69	18	the	the	DET
cjfa-28100	69	19	expected	expect	VERB
cjfa-28100	69	20	return	return	NOUN
cjfa-28100	69	21	on	on	ADP
cjfa-28100	69	22	an	an	DET
cjfa-28100	69	23	asset	asset	NOUN
cjfa-28100	69	24	equals	equal	VERB
cjfa-28100	69	25	its	its	PRON
cjfa-28100	69	26	actual	actual	ADJ
cjfa-28100	69	27	return	return	NOUN
cjfa-28100	69	28	.	.	PUNCT
cjfa-28100	70	1	therefore	therefore	ADV
cjfa-28100	70	2	,	,	PUNCT
cjfa-28100	70	3	the	the	DET
cjfa-28100	70	4	wealth	wealth	NOUN
cjfa-28100	70	5	of	of	ADP
cjfa-28100	70	6	an	an	DET
cjfa-28100	70	7	investor	investor	NOUN
cjfa-28100	70	8	in	in	ADP
cjfa-28100	70	9	the	the	DET
cjfa-28100	70	10	previous	previous	ADJ
cjfa-28100	70	11	period	period	NOUN
cjfa-28100	70	12	should	should	AUX
cjfa-28100	70	13	be	be	AUX
cjfa-28100	70	14	alike	alike	ADV
cjfa-28100	70	15	to	to	ADP
cjfa-28100	70	16	that	that	PRON
cjfa-28100	70	17	of	of	ADP
cjfa-28100	70	18	the	the	DET
cjfa-28100	70	19	current	current	ADJ
cjfa-28100	70	20	period	period	NOUN
cjfa-28100	70	21	(	(	PUNCT
cjfa-28100	70	22	samuels	samuels	PROPN
cjfa-28100	70	23	&	&	CCONJ
cjfa-28100	70	24	yacout	yacout	PROPN
cjfa-28100	70	25	,	,	PUNCT
cjfa-28100	70	26	1981	1981	NUM
cjfa-28100	70	27	)	)	PUNCT
cjfa-28100	70	28	.	.	PUNCT
cjfa-28100	71	1	the	the	DET
cjfa-28100	71	2	fair	fair	ADJ
cjfa-28100	71	3	game	game	NOUN
cjfa-28100	71	4	model	model	NOUN
cjfa-28100	71	5	for	for	ADP
cjfa-28100	71	6	the	the	DET
cjfa-28100	71	7	efficient	efficient	ADJ
cjfa-28100	71	8	market	market	NOUN
cjfa-28100	71	9	hypothesis	hypothesis	NOUN
cjfa-28100	71	10	for	for	ADP
cjfa-28100	71	11	expected	expect	VERB
cjfa-28100	71	12	return	return	NOUN
cjfa-28100	71	13	is	be	AUX
cjfa-28100	71	14	express	express	ADJ
cjfa-28100	71	15	as	as	ADP
cjfa-28100	71	16	:	:	PUNCT
cjfa-28100	71	17	�	�	PROPN
cjfa-28100	71	18	�	�	PROPN
cjfa-28100	71	19	�	�	PROPN
cjfa-28100	71	20	�	�	PROPN
cjfa-28100	71	21	�	�	PROPN
cjfa-28100	71	22	�	�	PROPN
cjfa-28100	71	23	=	=	SYM
cjfa-28100	71	24	�	�	PROPN
cjfa-28100	71	25	�	�	PROPN
cjfa-28100	71	26	�	�	PROPN
cjfa-28100	71	27	�	�	PROPN
cjfa-28100	71	28	�	�	PROPN
cjfa-28100	71	29	�	�	PROPN
cjfa-28100	71	30	�	�	PROPN
cjfa-28100	71	31	�	�	PROPN
cjfa-28100	71	32	(	(	PUNCT
cjfa-28100	71	33	�	�	PROPN
cjfa-28100	71	34	�	�	PROPN
cjfa-28100	71	35	�	�	PROPN
cjfa-28100	71	36	�	�	PROPN
cjfa-28100	71	37	�	�	PROPN
cjfa-28100	71	38	�	�	PROPN
cjfa-28100	71	39	|	|	NOUN
cjfa-28100	71	40	�	�	PROPN
cjfa-28100	71	41	�	�	PROPN
cjfa-28100	71	42	)	)	PUNCT
cjfa-28100	71	43	(	(	PUNCT
cjfa-28100	71	44	2	2	X
cjfa-28100	71	45	)	)	PUNCT
cjfa-28100	71	46	when	when	SCONJ
cjfa-28100	71	47	�	�	PROPN
cjfa-28100	71	48	(	(	PUNCT
cjfa-28100	71	49	�	�	PROPN
cjfa-28100	71	50	�	�	PROPN
cjfa-28100	71	51	�	�	PROPN
cjfa-28100	71	52	�	�	PROPN
cjfa-28100	71	53	|	|	NOUN
cjfa-28100	71	54	�	�	PROPN
cjfa-28100	71	55	�	�	PROPN
cjfa-28100	71	56	)	)	PUNCT
cjfa-28100	71	57	=	=	SYM
cjfa-28100	71	58	�	�	PROPN
cjfa-28100	71	59	�	�	PROPN
cjfa-28100	71	60	�	�	PROPN
cjfa-28100	71	61	�	�	PROPN
cjfa-28100	71	62	�	�	PROPN
cjfa-28100	71	63	�	�	PROPN
cjfa-28100	71	64	�	�	PROPN
cjfa-28100	71	65	�	�	PROPN
cjfa-28100	71	66	�	�	PROPN
cjfa-28100	71	67	(	(	PUNCT
cjfa-28100	71	68	�	�	PROPN
cjfa-28100	71	69	�	�	PROPN
cjfa-28100	71	70	�	�	PROPN
cjfa-28100	71	71	�	�	PROPN
cjfa-28100	71	72	�	�	PROPN
cjfa-28100	71	73	�	�	PROPN
cjfa-28100	71	74	|	|	NOUN
cjfa-28100	71	75	�	�	PROPN
cjfa-28100	71	76	�	�	PROPN
cjfa-28100	71	77	)	)	PUNCT
cjfa-28100	71	78	}	}	PUNCT
cjfa-28100	71	79	(	(	PUNCT
cjfa-28100	71	80	3	3	X
cjfa-28100	71	81	)	)	PUNCT
cjfa-28100	71	82	where	where	SCONJ
cjfa-28100	71	83	�	�	PROPN
cjfa-28100	71	84	�	�	PROPN
cjfa-28100	71	85	�	�	PROPN
cjfa-28100	71	86	�	�	PROPN
cjfa-28100	71	87	�	�	PROPN
cjfa-28100	71	88	�	�	PROPN
cjfa-28100	71	89	is	be	AUX
cjfa-28100	71	90	the	the	DET
cjfa-28100	71	91	excess	excess	NOUN
cjfa-28100	71	92	of	of	ADP
cjfa-28100	71	93	market	market	NOUN
cjfa-28100	71	94	value	value	NOUN
cjfa-28100	71	95	of	of	ADP
cjfa-28100	71	96	security	security	NOUN
cjfa-28100	71	97	�	�	PROPN
cjfa-28100	71	98	at	at	ADP
cjfa-28100	71	99	time	time	NOUN
cjfa-28100	71	100	�	�	PROPN
cjfa-28100	71	101	�	�	PROPN
cjfa-28100	71	102	�	�	PROPN
cjfa-28100	71	103	,	,	PUNCT
cjfa-28100	71	104	�	�	PROPN
cjfa-28100	71	105	�	�	PROPN
cjfa-28100	71	106	�	�	PROPN
cjfa-28100	71	107	�	�	PROPN
cjfa-28100	71	108	�	�	PROPN
cjfa-28100	71	109	�	�	PROPN
cjfa-28100	71	110	is	be	AUX
cjfa-28100	71	111	the	the	DET
cjfa-28100	71	112	actual	actual	ADJ
cjfa-28100	71	113	price	price	NOUN
cjfa-28100	71	114	of	of	ADP
cjfa-28100	71	115	security	security	NOUN
cjfa-28100	71	116	�	�	PROPN
cjfa-28100	71	117	at	at	ADP
cjfa-28100	71	118	time	time	NOUN
cjfa-28100	71	119	�	�	PROPN
cjfa-28100	71	120	�	�	PROPN
cjfa-28100	71	121	�	�	PROPN
cjfa-28100	71	122	(	(	PUNCT
cjfa-28100	71	123	with	with	ADP
cjfa-28100	71	124	reinvestment	reinvestment	NOUN
cjfa-28100	71	125	in	in	ADP
cjfa-28100	71	126	intermediate	intermediate	ADJ
cjfa-28100	71	127	cash	cash	NOUN
cjfa-28100	71	128	income	income	NOUN
cjfa-28100	71	129	from	from	ADP
cjfa-28100	71	130	the	the	DET
cjfa-28100	71	131	security	security	NOUN
cjfa-28100	71	132	)	)	PUNCT
cjfa-28100	71	133	,	,	PUNCT
cjfa-28100	71	134	�	�	PROPN
cjfa-28100	71	135	(	(	PUNCT
cjfa-28100	71	136	�	�	PROPN
cjfa-28100	71	137	�	�	PROPN
cjfa-28100	71	138	�	�	PROPN
cjfa-28100	71	139	�	�	PROPN
cjfa-28100	71	140	�	�	PROPN
cjfa-28100	71	141	�	�	PROPN
cjfa-28100	71	142	|	|	NOUN
cjfa-28100	71	143	�	�	PROPN
cjfa-28100	71	144	�	�	PROPN
cjfa-28100	71	145	)	)	PUNCT
cjfa-28100	71	146	is	be	AUX
cjfa-28100	71	147	the	the	DET
cjfa-28100	71	148	expected	expect	VERB
cjfa-28100	71	149	value	value	NOUN
cjfa-28100	71	150	operator	operator	NOUN
cjfa-28100	71	151	(	(	PUNCT
cjfa-28100	71	152	expected	expect	VERB
cjfa-28100	71	153	price	price	NOUN
cjfa-28100	71	154	of	of	ADP
cjfa-28100	71	155	security	security	NOUN
cjfa-28100	71	156	�	�	PROPN
cjfa-28100	71	157	that	that	PRON
cjfa-28100	71	158	was	be	AUX
cjfa-28100	71	159	projected	project	VERB
cjfa-28100	71	160	at	at	ADP
cjfa-28100	71	161	time	time	NOUN
cjfa-28100	71	162	�	�	PROPN
cjfa-28100	71	163	,	,	PUNCT
cjfa-28100	71	164	conditional	conditional	NOUN
cjfa-28100	71	165	on	on	ADP
cjfa-28100	71	166	the	the	DET
cjfa-28100	71	167	information	information	NOUN
cjfa-28100	71	168	set	set	VERB
cjfa-28100	71	169	�	�	PROPN
cjfa-28100	71	170	�	�	PROPN
cjfa-28100	71	171	or	or	CCONJ
cjfa-28100	71	172	its	its	PRON
cjfa-28100	71	173	equivalent	equivalent	NOUN
cjfa-28100	71	174	,	,	PUNCT
cjfa-28100	71	175	�	�	PROPN
cjfa-28100	71	176	is	be	AUX
cjfa-28100	71	177	the	the	DET
cjfa-28100	71	178	information	information	NOUN
cjfa-28100	71	179	set	set	VERB
cjfa-28100	71	180	that	that	PRON
cjfa-28100	71	181	is	be	AUX
cjfa-28100	71	182	assumed	assume	VERB
cjfa-28100	71	183	to	to	PART
cjfa-28100	71	184	be	be	AUX
cjfa-28100	71	185	fully	fully	ADV
cjfa-28100	71	186	reflected	reflect	VERB
cjfa-28100	71	187	in	in	ADP
cjfa-28100	71	188	the	the	DET
cjfa-28100	71	189	price	price	NOUN
cjfa-28100	71	190	of	of	ADP
cjfa-28100	71	191	security	security	NOUN
cjfa-28100	71	192	�	�	PROPN
cjfa-28100	71	193	at	at	ADP
cjfa-28100	71	194	time	time	NOUN
cjfa-28100	71	195	�	�	PROPN
cjfa-28100	71	196	,	,	PUNCT
cjfa-28100	71	197	and	and	CCONJ
cjfa-28100	71	198	|	|	ADV
cjfa-28100	71	199	is	be	AUX
cjfa-28100	71	200	the	the	DET
cjfa-28100	71	201	conditional	conditional	ADJ
cjfa-28100	71	202	sign	sign	NOUN
cjfa-28100	71	203	indicating	indicate	VERB
cjfa-28100	71	204	that	that	SCONJ
cjfa-28100	71	205	the	the	DET
cjfa-28100	71	206	price	price	NOUN
cjfa-28100	71	207	(	(	PUNCT
cjfa-28100	71	208	�	�	PROPN
cjfa-28100	71	209	)	)	PUNCT
cjfa-28100	71	210	of	of	ADP
cjfa-28100	71	211	security	security	NOUN
cjfa-28100	71	212	�	�	PROPN
cjfa-28100	71	213	is	be	AUX
cjfa-28100	71	214	conditional	conditional	ADJ
cjfa-28100	71	215	upon	upon	SCONJ
cjfa-28100	71	216	the	the	DET
cjfa-28100	71	217	information	information	NOUN
cjfa-28100	71	218	set	set	VERB
cjfa-28100	71	219	�	�	PROPN
cjfa-28100	71	220	at	at	ADP
cjfa-28100	71	221	time	time	NOUN
cjfa-28100	71	222	�	�	PROPN
cjfa-28100	71	223	.	.	PROPN
cjfa-28100	71	224	�	�	PROPN
cjfa-28100	71	225	�	�	PROPN
cjfa-28100	71	226	�	�	PROPN
cjfa-28100	71	227	�	�	PROPN
cjfa-28100	71	228	�	�	PROPN
cjfa-28100	71	229	�	�	PROPN
cjfa-28100	71	230	=	=	SYM
cjfa-28100	71	231	�	�	PROPN
cjfa-28100	71	232	�	�	PROPN
cjfa-28100	71	233	�	�	PROPN
cjfa-28100	71	234	�	�	PROPN
cjfa-28100	71	235	�	�	PROPN
cjfa-28100	71	236	�	�	PROPN
cjfa-28100	71	237	�	�	PROPN
cjfa-28100	71	238	�	�	PROPN
cjfa-28100	71	239	�	�	PROPN
cjfa-28100	71	240	�	�	PROPN
cjfa-28100	71	241	(	(	PUNCT
cjfa-28100	71	242	�	�	PROPN
cjfa-28100	71	243	�	�	PROPN
cjfa-28100	71	244	�	�	PROPN
cjfa-28100	71	245	�	�	PROPN
cjfa-28100	71	246	�	�	PROPN
cjfa-28100	71	247	�	�	PROPN
cjfa-28100	71	248	|	|	NOUN
cjfa-28100	71	249	�	�	PROPN
cjfa-28100	71	250	�	�	PROPN
cjfa-28100	71	251	)	)	PUNCT
cjfa-28100	71	252	(	(	PUNCT
cjfa-28100	71	253	4	4	X
cjfa-28100	71	254	)	)	PUNCT
cjfa-28100	71	255	when	when	SCONJ
cjfa-28100	71	256	�	�	PROPN
cjfa-28100	71	257	(	(	PUNCT
cjfa-28100	71	258	�	�	PROPN
cjfa-28100	71	259	�	�	PROPN
cjfa-28100	71	260	�	�	PROPN
cjfa-28100	71	261	�	�	PROPN
cjfa-28100	71	262	�	�	PROPN
cjfa-28100	71	263	�	�	PROPN
cjfa-28100	71	264	|	|	NOUN
cjfa-28100	71	265	�	�	PROPN
cjfa-28100	71	266	�	�	PROPN
cjfa-28100	71	267	)	)	PUNCT
cjfa-28100	71	268	=	=	SYM
cjfa-28100	71	269	�	�	PROPN
cjfa-28100	71	270	�	�	PROPN
cjfa-28100	71	271	�	�	PROPN
cjfa-28100	71	272	�	�	PROPN
cjfa-28100	71	273	�	�	PROPN
cjfa-28100	71	274	�	�	PROPN
cjfa-28100	71	275	�	�	PROPN
cjfa-28100	71	276	�	�	PROPN
cjfa-28100	71	277	�	�	PROPN
cjfa-28100	71	278	�	�	PROPN
cjfa-28100	71	279	(	(	PUNCT
cjfa-28100	71	280	�	�	PROPN
cjfa-28100	71	281	�	�	PROPN
cjfa-28100	71	282	�	�	PROPN
cjfa-28100	71	283	�	�	PROPN
cjfa-28100	71	284	�	�	PROPN
cjfa-28100	71	285	�	�	PROPN
cjfa-28100	71	286	|	|	NOUN
cjfa-28100	71	287	�	�	PROPN
cjfa-28100	71	288	�	�	PROPN
cjfa-28100	71	289	)	)	PUNCT
cjfa-28100	71	290	}	}	PUNCT
cjfa-28100	71	291	(	(	PUNCT
cjfa-28100	71	292	5	5	X
cjfa-28100	71	293	)	)	PUNCT
cjfa-28100	71	294	where	where	SCONJ
cjfa-28100	71	295	�	�	PROPN
cjfa-28100	71	296	�	�	PROPN
cjfa-28100	71	297	�	�	PROPN
cjfa-28100	71	298	�	�	PROPN
cjfa-28100	71	299	�	�	PROPN
cjfa-28100	71	300	�	�	PROPN
cjfa-28100	71	301	is	be	AUX
cjfa-28100	71	302	excess	excess	ADJ
cjfa-28100	71	303	return	return	NOUN
cjfa-28100	71	304	for	for	ADP
cjfa-28100	71	305	security	security	NOUN
cjfa-28100	71	306	�	�	PROPN
cjfa-28100	71	307	at	at	ADP
cjfa-28100	71	308	period	period	NOUN
cjfa-28100	71	309	�	�	PROPN
cjfa-28100	71	310	�	�	PROPN
cjfa-28100	71	311	�	�	PROPN
cjfa-28100	71	312	as	as	ADP
cjfa-28100	71	313	against	against	ADP
cjfa-28100	71	314	the	the	DET
cjfa-28100	71	315	equilibrium	equilibrium	NOUN
cjfa-28100	71	316	expected	expect	VERB
cjfa-28100	71	317	return	return	NOUN
cjfa-28100	71	318	projected	project	VERB
cjfa-28100	71	319	at	at	ADP
cjfa-28100	71	320	period	period	NOUN
cjfa-28100	71	321	�	�	PROPN
cjfa-28100	71	322	(	(	PUNCT
cjfa-28100	71	323	unexpected	unexpected	ADJ
cjfa-28100	71	324	or	or	CCONJ
cjfa-28100	71	325	excess	excess	ADJ
cjfa-28100	71	326	return	return	NOUN
cjfa-28100	71	327	for	for	ADP
cjfa-28100	71	328	security	security	NOUN
cjfa-28100	71	329	�	�	PROPN
cjfa-28100	71	330	at	at	ADP
cjfa-28100	71	331	time	time	NOUN
cjfa-28100	71	332	�	�	PROPN
cjfa-28100	71	333	�	�	PROPN
cjfa-28100	71	334	�	�	PROPN
cjfa-28100	71	335	)	)	PUNCT
cjfa-28100	71	336	,	,	PUNCT
cjfa-28100	71	337	�	�	PROPN
cjfa-28100	71	338	�	�	PROPN
cjfa-28100	71	339	�	�	PROPN
cjfa-28100	71	340	�	�	PROPN
cjfa-28100	71	341	�	�	PROPN
cjfa-28100	71	342	�	�	PROPN
cjfa-28100	71	343	is	be	AUX
cjfa-28100	71	344	the	the	DET
cjfa-28100	71	345	single	single	ADJ
cjfa-28100	71	346	period	period	NOUN
cjfa-28100	71	347	percentage	percentage	NOUN
cjfa-28100	71	348	(	(	PUNCT
cjfa-28100	71	349	&	&	CCONJ
cjfa-28100	71	350	)	)	PUNCT
cjfa-28100	71	351	return	return	NOUN
cjfa-28100	71	352	(	(	PUNCT
cjfa-28100	71	353	�	�	PROPN
cjfa-28100	71	354	�	�	PROPN
cjfa-28100	71	355	�	�	PROPN
cjfa-28100	71	356	�	�	PROPN
cjfa-28100	71	357	�	�	PROPN
cjfa-28100	71	358	�	�	PROPN
cjfa-28100	71	359	�	�	PROPN
cjfa-28100	71	360	�	�	PROPN
cjfa-28100	71	361	�	�	PROPN
cjfa-28100	71	362	�	�	PROPN
cjfa-28100	71	363	�	�	PROPN
cjfa-28100	71	364	�	�	PROPN
cjfa-28100	71	365	�	�	PROPN
cjfa-28100	71	366	�	�	PROPN
cjfa-28100	71	367	�	�	PROPN
cjfa-28100	71	368	)	)	PUNCT
cjfa-28100	72	1	i.e	i.e	ADP
cjfa-28100	72	2	the	the	DET
cjfa-28100	72	3	actual	actual	ADJ
cjfa-28100	72	4	or	or	CCONJ
cjfa-28100	72	5	observed	observed	ADJ
cjfa-28100	72	6	return	return	NOUN
cjfa-28100	72	7	for	for	ADP
cjfa-28100	72	8	security	security	NOUN
cjfa-28100	72	9	�	�	PROPN
cjfa-28100	72	10	at	at	ADP
cjfa-28100	72	11	time	time	NOUN
cjfa-28100	72	12	�	�	PROPN
cjfa-28100	72	13	�	�	PROPN
cjfa-28100	72	14	�	�	PROPN
cjfa-28100	72	15	and	and	CCONJ
cjfa-28100	72	16	�	�	PROPN
cjfa-28100	72	17	(	(	PUNCT
cjfa-28100	72	18	�	�	PROPN
cjfa-28100	72	19	�	�	PROPN
cjfa-28100	72	20	�	�	PROPN
cjfa-28100	72	21	�	�	PROPN
cjfa-28100	72	22	�	�	PROPN
cjfa-28100	72	23	�	�	PROPN
cjfa-28100	72	24	|	|	NOUN
cjfa-28100	72	25	�	�	PROPN
cjfa-28100	72	26	�	�	PROPN
cjfa-28100	72	27	)	)	PUNCT
cjfa-28100	72	28	is	be	AUX
cjfa-28100	72	29	the	the	DET
cjfa-28100	72	30	equilibrium	equilibrium	NOUN
cjfa-28100	72	31	expected	expect	VERB
cjfa-28100	72	32	return	return	NOUN
cjfa-28100	72	33	at	at	ADP
cjfa-28100	72	34	time	time	NOUN
cjfa-28100	72	35	�	�	PROPN
cjfa-28100	72	36	�	�	PROPN
cjfa-28100	72	37	�	�	PROPN
cjfa-28100	72	38	projected	project	VERB
cjfa-28100	72	39	at	at	ADP
cjfa-28100	72	40	time	time	NOUN
cjfa-28100	72	41	based	base	VERB
cjfa-28100	72	42	on	on	ADP
cjfa-28100	72	43	the	the	DET
cjfa-28100	72	44	information	information	NOUN
cjfa-28100	72	45	set	set	VERB
cjfa-28100	72	46	�	�	PROPN
cjfa-28100	72	47	�	�	PROPN
cjfa-28100	72	48	.	.	PUNCT
cjfa-28100	73	1	i.e	i.e	PRON
cjfa-28100	73	2	the	the	DET
cjfa-28100	73	3	actual	actual	ADJ
cjfa-28100	73	4	or	or	CCONJ
cjfa-28100	73	5	observed	observed	ADJ
cjfa-28100	73	6	return	return	NOUN
cjfa-28100	73	7	for	for	ADP
cjfa-28100	73	8	security	security	NOUN
cjfa-28100	73	9	j	j	NOUN
cjfa-28100	73	10	at	at	ADP
cjfa-28100	73	11	time	time	NOUN
cjfa-28100	73	12	t	t	PROPN
cjfa-28100	73	13	 	 	SPACE
cjfa-28100	73	14	+	+	NOUN
cjfa-28100	73	15	 	 	SPACE
cjfa-28100	73	16	1	1	NUM
cjfa-28100	73	17	and	and	CCONJ
cjfa-28100	73	18	e	e	NOUN
cjfa-28100	73	19	 	 	SPACE
cjfa-28100	73	20	(	(	PUNCT
cjfa-28100	73	21	rj	rj	PROPN
cjfa-28100	73	22	,	,	PUNCT
cjfa-28100	73	23	t+1	t+1	PROPN
cjfa-28100	73	24	 	 	SPACE
cjfa-28100	73	25	ǀ	ǀ	PROPN
cjfa-28100	73	26	 	 	SPACE
cjfa-28100	73	27	it	it	PRON
cjfa-28100	73	28	)	)	PUNCT
cjfa-28100	73	29	is	be	AUX
cjfa-28100	73	30	the	the	DET
cjfa-28100	73	31	equilibrium	equilibrium	NOUN
cjfa-28100	73	32	expected	expect	VERB
cjfa-28100	73	33	return	return	NOUN
cjfa-28100	73	34	at	at	ADP
cjfa-28100	73	35	time	time	NOUN
cjfa-28100	73	36	t	t	PROPN
cjfa-28100	73	37	 	 	SPACE
cjfa-28100	73	38	+	+	NOUN
cjfa-28100	73	39	 	 	SPACE
cjfa-28100	73	40	1	1	NUM
cjfa-28100	73	41	projected	project	VERB
cjfa-28100	73	42	at	at	ADP
cjfa-28100	73	43	time	time	NOUN
cjfa-28100	73	44	based	base	VERB
cjfa-28100	73	45	on	on	ADP
cjfa-28100	73	46	the	the	DET
cjfa-28100	73	47	information	information	NOUN
cjfa-28100	73	48	set	set	VERB
cjfa-28100	73	49	it	it	PRON
cjfa-28100	73	50	.	.	PUNCT
cjfa-28100	74	1	the	the	DET
cjfa-28100	74	2	set	set	NOUN
cjfa-28100	74	3	of	of	ADP
cjfa-28100	74	4	information	information	NOUN
cjfa-28100	74	5	(	(	PUNCT
cjfa-28100	74	6	it	it	PRON
cjfa-28100	74	7	)	)	PUNCT
cjfa-28100	74	8	in	in	ADP
cjfa-28100	74	9	(	(	PUNCT
cjfa-28100	74	10	3	3	X
cjfa-28100	74	11	)	)	PUNCT
cjfa-28100	74	12	is	be	AUX
cjfa-28100	74	13	very	very	ADV
cjfa-28100	74	14	important	important	ADJ
cjfa-28100	74	15	when	when	SCONJ
cjfa-28100	74	16	determining	determine	VERB
cjfa-28100	74	17	the	the	DET
cjfa-28100	74	18	value	value	NOUN
cjfa-28100	74	19	of	of	ADP
cjfa-28100	74	20	the	the	DET
cjfa-28100	74	21	equilibrium	equilibrium	NOUN
cjfa-28100	74	22	expected	expect	VERB
cjfa-28100	74	23	return	return	NOUN
cjfa-28100	74	24	e	e	NOUN
cjfa-28100	74	25	 	 	SPACE
cjfa-28100	74	26	(	(	PUNCT
cjfa-28100	74	27	rj	rj	PROPN
cjfa-28100	74	28	,	,	PUNCT
cjfa-28100	74	29	t+1	t+1	PROPN
cjfa-28100	74	30	)	)	PUNCT
cjfa-28100	74	31	since	since	SCONJ
cjfa-28100	74	32	the	the	DET
cjfa-28100	74	33	expectation	expectation	NOUN
cjfa-28100	74	34	of	of	ADP
cjfa-28100	74	35	rj	rj	PROPN
cjfa-28100	74	36	,	,	PUNCT
cjfa-28100	74	37	t+1	t+1	PROPN
cjfa-28100	74	38	is	be	AUX
cjfa-28100	74	39	conditional	conditional	ADJ
cjfa-28100	74	40	on	on	ADP
cjfa-28100	74	41	it	it	PRON
cjfa-28100	74	42	.	.	PUNCT
cjfa-28100	75	1	if	if	SCONJ
cjfa-28100	75	2	return	return	NOUN
cjfa-28100	75	3	can	can	AUX
cjfa-28100	75	4	be	be	AUX
cjfa-28100	75	5	described	describe	VERB
cjfa-28100	75	6	in	in	ADP
cjfa-28100	75	7	terms	term	NOUN
cjfa-28100	75	8	of	of	ADP
cjfa-28100	75	9	expected	expect	VERB
cjfa-28100	75	10	return	return	NOUN
cjfa-28100	75	11	of	of	ADP
cjfa-28100	75	12	fair	fair	ADJ
cjfa-28100	75	13	game	game	NOUN
cjfa-28100	75	14	model	model	NOUN
cjfa-28100	75	15	,	,	PUNCT
cjfa-28100	75	16	the	the	DET
cjfa-28100	75	17	efficient	efficient	ADJ
cjfa-28100	75	18	market	market	NOUN
cjfa-28100	75	19	hypothesis	hypothesis	NOUN
cjfa-28100	75	20	will	will	AUX
cjfa-28100	75	21	hold	hold	VERB
cjfa-28100	75	22	if	if	SCONJ
cjfa-28100	75	23	no	no	DET
cjfa-28100	75	24	trading	trading	NOUN
cjfa-28100	75	25	rule	rule	NOUN
cjfa-28100	75	26	can	can	AUX
cjfa-28100	75	27	be	be	AUX
cjfa-28100	75	28	invented	invent	VERB
cjfa-28100	75	29	or	or	CCONJ
cjfa-28100	75	30	used	use	VERB
cjfa-28100	75	31	to	to	PART
cjfa-28100	75	32	earn	earn	VERB
cjfa-28100	75	33	abnormal	abnormal	ADJ
cjfa-28100	75	34	profit	profit	NOUN
cjfa-28100	75	35	built	build	VERB
cjfa-28100	75	36	on	on	ADP
cjfa-28100	75	37	the	the	DET
cjfa-28100	75	38	information	information	NOUN
cjfa-28100	75	39	set	set	VERB
cjfa-28100	75	40	it	it	PRON
cjfa-28100	75	41	.	.	PUNCT
cjfa-28100	76	1	empirically	empirically	ADV
cjfa-28100	76	2	,	,	PUNCT
cjfa-28100	76	3	volatility	volatility	NOUN
cjfa-28100	76	4	model	model	NOUN
cjfa-28100	76	5	should	should	AUX
cjfa-28100	76	6	sufficiently	sufficiently	ADV
cjfa-28100	76	7	model	model	VERB
cjfa-28100	76	8	heteroscadasticity	heteroscadasticity	NOUN
cjfa-28100	76	9	in	in	ADP
cjfa-28100	76	10	the	the	DET
cjfa-28100	76	11	disturbance	disturbance	NOUN
cjfa-28100	76	12	term	term	NOUN
cjfa-28100	76	13	and	and	CCONJ
cjfa-28100	76	14	capture	capture	VERB
cjfa-28100	76	15	the	the	DET
cjfa-28100	76	16	stylized	stylize	VERB
cjfa-28100	76	17	fact	fact	NOUN
cjfa-28100	76	18	inherent	inherent	ADJ
cjfa-28100	76	19	in	in	ADP
cjfa-28100	76	20	the	the	DET
cjfa-28100	76	21	series	series	NOUN
cjfa-28100	76	22	such	such	ADJ
cjfa-28100	76	23	as	as	ADP
cjfa-28100	76	24	volatility	volatility	NOUN
cjfa-28100	76	25	clustering	clustering	NOUN
cjfa-28100	76	26	,	,	PUNCT
cjfa-28100	76	27	auto	auto	NOUN
cjfa-28100	76	28	-	-	PUNCT
cjfa-28100	76	29	regressive	regressive	ADJ
cjfa-28100	76	30	conditional	conditional	ADJ
cjfa-28100	76	31	heteroscadasticity	heteroscadasticity	NOUN
cjfa-28100	76	32	(	(	PUNCT
cjfa-28100	76	33	arch	arch	NOUN
cjfa-28100	76	34	)	)	PUNCT
cjfa-28100	76	35	effect	effect	NOUN
cjfa-28100	76	36	(	(	PUNCT
cjfa-28100	76	37	engle	engle	NOUN
cjfa-28100	76	38	,	,	PUNCT
cjfa-28100	76	39	1982	1982	NUM
cjfa-28100	76	40	)	)	PUNCT
cjfa-28100	76	41	.	.	PUNCT
cjfa-28100	77	1	various	various	ADJ
cjfa-28100	77	2	studies	study	NOUN
cjfa-28100	77	3	models	model	VERB
cjfa-28100	77	4	heteroscadasticity	heteroscadasticity	NOUN
cjfa-28100	77	5	in	in	ADP
cjfa-28100	77	6	the	the	DET
cjfa-28100	77	7	disturbance	disturbance	NOUN
cjfa-28100	77	8	term	term	NOUN
cjfa-28100	77	9	and	and	CCONJ
cjfa-28100	77	10	captures	capture	VERB
cjfa-28100	77	11	the	the	DET
cjfa-28100	77	12	stylized	stylize	VERB
cjfa-28100	77	13	fact	fact	NOUN
cjfa-28100	77	14	inherent	inherent	ADJ
cjfa-28100	77	15	in	in	ADP
cjfa-28100	77	16	the	the	DET
cjfa-28100	77	17	series	series	NOUN
cjfa-28100	77	18	(	(	PUNCT
cjfa-28100	77	19	volatility	volatility	NOUN
cjfa-28100	77	20	persistence	persistence	NOUN
cjfa-28100	77	21	)	)	PUNCT
cjfa-28100	77	22	include	include	VERB
cjfa-28100	77	23	(	(	PUNCT
cjfa-28100	77	24	kuhe	kuhe	NOUN
cjfa-28100	77	25	,	,	PUNCT
cjfa-28100	77	26	2018	2018	NUM
cjfa-28100	77	27	;	;	PUNCT
cjfa-28100	77	28	kumar	kumar	PROPN
cjfa-28100	77	29	&	&	CCONJ
cjfa-28100	77	30	maheswaran	maheswaran	PROPN
cjfa-28100	77	31	,	,	PUNCT
cjfa-28100	77	32	2012	2012	NUM
cjfa-28100	77	33	;	;	PUNCT
cjfa-28100	77	34	dikko	dikko	NOUN
cjfa-28100	77	35	,	,	PUNCT
cjfa-28100	77	36	asiribo	asiribo	PROPN
cjfa-28100	77	37	&	&	CCONJ
cjfa-28100	77	38	samson	samson	PROPN
cjfa-28100	77	39	,	,	PUNCT
cjfa-28100	77	40	2015	2015	NUM
cjfa-28100	77	41	;	;	PUNCT
cjfa-28100	77	42	adewale	adewale	PROPN
cjfa-28100	77	43	,	,	PUNCT
cjfa-28100	77	44	olufemi	olufemi	PROPN
cjfa-28100	77	45	&	&	CCONJ
cjfa-28100	77	46	oseko	oseko	PROPN
cjfa-28100	77	47	,	,	PUNCT
cjfa-28100	77	48	2016	2016	NUM
cjfa-28100	77	49	;	;	PUNCT
cjfa-28100	77	50	fasanya	fasanya	PROPN
cjfa-28100	77	51	&	&	CCONJ
cjfa-28100	77	52	adekoya	adekoya	PROPN
cjfa-28100	77	53	,	,	PUNCT
cjfa-28100	77	54	2017	2017	NUM
cjfa-28100	77	55	;	;	PUNCT
cjfa-28100	77	56	muhammad	muhammad	PROPN
cjfa-28100	77	57	&	&	CCONJ
cjfa-28100	77	58	shuguang	shuguang	PROPN
cjfa-28100	77	59	,	,	PUNCT
cjfa-28100	77	60	2015	2015	NUM
cjfa-28100	77	61	;	;	PUNCT
cjfa-28100	77	62	kuhe	kuhe	PROPN
cjfa-28100	77	63	&	&	CCONJ
cjfa-28100	77	64	chiawa	chiawa	PROPN
cjfa-28100	77	65	,	,	PUNCT
cjfa-28100	77	66	2017	2017	NUM
cjfa-28100	77	67	)	)	PUNCT
cjfa-28100	77	68	.	.	PUNCT
cjfa-28100	78	1	in	in	ADP
cjfa-28100	78	2	the	the	DET
cjfa-28100	78	3	presence	presence	NOUN
cjfa-28100	78	4	of	of	ADP
cjfa-28100	78	5	structural	structural	ADJ
cjfa-28100	78	6	break	break	NOUN
cjfa-28100	78	7	,	,	PUNCT
cjfa-28100	78	8	studies	study	NOUN
cjfa-28100	78	9	assert	assert	VERB
cjfa-28100	78	10	decrease	decrease	NOUN
cjfa-28100	78	11	in	in	ADP
cjfa-28100	78	12	volatility	volatility	NOUN
cjfa-28100	78	13	persistence	persistence	NOUN
cjfa-28100	78	14	after	after	ADP
cjfa-28100	78	15	the	the	DET
cjfa-28100	78	16	break	break	NOUN
cjfa-28100	78	17	(	(	PUNCT
cjfa-28100	78	18	lamoureux	lamoureux	PROPN
cjfa-28100	78	19	&	&	CCONJ
cjfa-28100	78	20	lastrapes	lastrapes	PROPN
cjfa-28100	78	21	,	,	PUNCT
cjfa-28100	78	22	1990	1990	NUM
cjfa-28100	78	23	;	;	PUNCT
cjfa-28100	78	24	malik	malik	PROPN
cjfa-28100	78	25	,	,	PUNCT
cjfa-28100	78	26	ewing	ewing	PROPN
cjfa-28100	78	27	&	&	CCONJ
cjfa-28100	78	28	payne	payne	PROPN
cjfa-28100	78	29	,	,	PUNCT
cjfa-28100	78	30	2005	2005	NUM
cjfa-28100	78	31	;	;	PUNCT
cjfa-28100	78	32	hammoudeh	hammoudeh	PROPN
cjfa-28100	78	33	&	&	CCONJ
cjfa-28100	78	34	li	li	PROPN
cjfa-28100	78	35	2008	2008	NUM
cjfa-28100	78	36	;	;	PUNCT
cjfa-28100	78	37	muhammad	muhammad	PROPN
cjfa-28100	78	38	&	&	CCONJ
cjfa-28100	78	39	shuguang	shuguang	PROPN
cjfa-28100	78	40	,	,	PUNCT
cjfa-28100	78	41	2015	2015	NUM
cjfa-28100	78	42	)	)	PUNCT
cjfa-28100	78	43	for	for	ADP
cjfa-28100	78	44	canadian	canadian	ADJ
cjfa-28100	78	45	stock	stock	NOUN
cjfa-28100	78	46	market	market	NOUN
cjfa-28100	78	47	,	,	PUNCT
cjfa-28100	78	48	gulf	gulf	PROPN
cjfa-28100	78	49	arab	arab	ADJ
cjfa-28100	78	50	countries	country	NOUN
cjfa-28100	78	51	stock	stock	NOUN
cjfa-28100	78	52	market	market	NOUN
cjfa-28100	78	53	and	and	CCONJ
cjfa-28100	78	54	some	some	DET
cjfa-28100	78	55	emerging	emerge	VERB
cjfa-28100	78	56	stock	stock	NOUN
cjfa-28100	78	57	markets	market	NOUN
cjfa-28100	78	58	.	.	PUNCT
cjfa-28100	79	1	in	in	ADP
cjfa-28100	79	2	nigeria	nigeria	PROPN
cjfa-28100	79	3	,	,	PUNCT
cjfa-28100	79	4	kuhe	kuhe	PROPN
cjfa-28100	79	5	(	(	PUNCT
cjfa-28100	79	6	2018	2018	NUM
cjfa-28100	79	7	)	)	PUNCT
cjfa-28100	79	8	,	,	PUNCT
cjfa-28100	79	9	dikko	dikko	VERB
cjfa-28100	79	10	et	et	NOUN
cjfa-28100	79	11	al	al	PROPN
cjfa-28100	79	12	.	.	PUNCT
cjfa-28100	80	1	(	(	PUNCT
cjfa-28100	80	2	2015	2015	NUM
cjfa-28100	80	3	)	)	PUNCT
cjfa-28100	80	4	,	,	PUNCT
cjfa-28100	80	5	bala	bala	NOUN
cjfa-28100	80	6	and	and	CCONJ
cjfa-28100	80	7	asemota	asemota	PROPN
cjfa-28100	80	8	(	(	PUNCT
cjfa-28100	80	9	2013	2013	NUM
cjfa-28100	80	10	)	)	PUNCT
cjfa-28100	80	11	,	,	PUNCT
cjfa-28100	80	12	adewale	adewale	PROPN
cjfa-28100	80	13	et	et	PROPN
cjfa-28100	80	14	al	al	PROPN
cjfa-28100	80	15	.	.	PUNCT
cjfa-28100	81	1	(	(	PUNCT
cjfa-28100	81	2	2016	2016	NUM
cjfa-28100	81	3	)	)	PUNCT
cjfa-28100	81	4	,	,	PUNCT
cjfa-28100	81	5	kuhe	kuhe	PROPN
cjfa-28100	81	6	and	and	CCONJ
cjfa-28100	81	7	chiawa	chiawa	PROPN
cjfa-28100	81	8	(	(	PUNCT
cjfa-28100	81	9	2017	2017	NUM
cjfa-28100	81	10	)	)	PUNCT
cjfa-28100	81	11	assert	assert	VERB
cjfa-28100	81	12	that	that	SCONJ
cjfa-28100	81	13	there	there	PRON
cjfa-28100	81	14	exist	exist	VERB
cjfa-28100	81	15	significant	significant	ADJ
cjfa-28100	81	16	reduction	reduction	NOUN
cjfa-28100	81	17	in	in	ADP
cjfa-28100	81	18	volatility	volatility	NOUN
cjfa-28100	81	19	persistence	persistence	NOUN
cjfa-28100	81	20	after	after	ADP
cjfa-28100	81	21	structural	structural	ADJ
cjfa-28100	81	22	breaks	break	NOUN
cjfa-28100	81	23	.	.	PUNCT
cjfa-28100	82	1	the	the	DET
cjfa-28100	82	2	research	research	NOUN
cjfa-28100	82	3	methodology	methodology	NOUN
cjfa-28100	82	4	and	and	CCONJ
cjfa-28100	82	5	the	the	DET
cjfa-28100	82	6	course	course	NOUN
cjfa-28100	82	7	of	of	ADP
cjfa-28100	82	8	the	the	DET
cjfa-28100	82	9	research	research	NOUN
cjfa-28100	82	10	process	process	NOUN
cjfa-28100	82	11	the	the	DET
cjfa-28100	82	12	research	research	NOUN
cjfa-28100	82	13	population	population	NOUN
cjfa-28100	82	14	is	be	AUX
cjfa-28100	82	15	the	the	DET
cjfa-28100	82	16	nigerian	nigerian	ADJ
cjfa-28100	82	17	stock	stock	NOUN
cjfa-28100	82	18	exchange	exchange	PROPN
cjfa-28100	82	19	,	,	PUNCT
cjfa-28100	82	20	the	the	DET
cjfa-28100	82	21	data	datum	NOUN
cjfa-28100	82	22	used	use	VERB
cjfa-28100	82	23	was	be	AUX
cjfa-28100	82	24	the	the	DET
cjfa-28100	82	25	all	all	DET
cjfa-28100	82	26	share	share	NOUN
cjfa-28100	82	27	index	index	NOUN
cjfa-28100	82	28	return	return	NOUN
cjfa-28100	82	29	covering	cover	VERB
cjfa-28100	82	30	the	the	DET
cjfa-28100	82	31	period	period	NOUN
cjfa-28100	82	32	of	of	ADP
cjfa-28100	82	33	jan	jan	PROPN
cjfa-28100	82	34	.	.	PROPN
cjfa-28100	82	35	2001	2001	NUM
cjfa-28100	82	36	till	till	SCONJ
cjfa-28100	82	37	dec	dec	PROPN
cjfa-28100	82	38	.	.	PROPN
cjfa-28100	82	39	2016	2016	NUM
cjfa-28100	82	40	divided	divide	VERB
cjfa-28100	82	41	into	into	ADP
cjfa-28100	82	42	pre	pre	VERB
cjfa-28100	82	43	and	and	CCONJ
cjfa-28100	82	44	post	post	VERB
cjfa-28100	82	45	financial	financial	ADJ
cjfa-28100	82	46	meltdown	meltdown	NOUN
cjfa-28100	82	47	.	.	PUNCT
cjfa-28100	83	1	the	the	DET
cjfa-28100	83	2	weekly	weekly	ADJ
cjfa-28100	83	3	return	return	NOUN
cjfa-28100	83	4	series	series	NOUN
cjfa-28100	83	5	was	be	AUX
cjfa-28100	83	6	calculated	calculate	VERB
cjfa-28100	83	7	as	as	ADP
cjfa-28100	83	8	:	:	PUNCT
cjfa-28100	83	9	evaluating	evaluate	VERB
cjfa-28100	83	10	volatility	volatility	NOUN
cjfa-28100	83	11	persistence	persistence	NOUN
cjfa-28100	83	12	of	of	ADP
cjfa-28100	83	13	stock	stock	NOUN
cjfa-28100	83	14	return	return	NOUN
cjfa-28100	83	15	…	…	PUNCT
cjfa-28100	83	16	79	79	NUM
cjfa-28100	83	17	the	the	DET
cjfa-28100	83	18	set	set	NOUN
cjfa-28100	83	19	of	of	ADP
cjfa-28100	83	20	information	information	NOUN
cjfa-28100	83	21	(	(	PUNCT
cjfa-28100	83	22	�	�	NOUN
cjfa-28100	83	23	�	�	PROPN
cjfa-28100	83	24	)	)	PUNCT
cjfa-28100	83	25	in	in	ADP
cjfa-28100	83	26	(	(	PUNCT
cjfa-28100	83	27	3	3	X
cjfa-28100	83	28	)	)	PUNCT
cjfa-28100	83	29	is	be	AUX
cjfa-28100	83	30	very	very	ADV
cjfa-28100	83	31	important	important	ADJ
cjfa-28100	83	32	when	when	SCONJ
cjfa-28100	83	33	determining	determine	VERB
cjfa-28100	83	34	the	the	DET
cjfa-28100	83	35	value	value	NOUN
cjfa-28100	83	36	of	of	ADP
cjfa-28100	83	37	the	the	DET
cjfa-28100	83	38	equilibrium	equilibrium	NOUN
cjfa-28100	83	39	expected	expect	VERB
cjfa-28100	83	40	return	return	PROPN
cjfa-28100	83	41	�	�	PROPN
cjfa-28100	83	42	(	(	PUNCT
cjfa-28100	83	43	�	�	PROPN
cjfa-28100	83	44	�	�	PROPN
cjfa-28100	83	45	�	�	PROPN
cjfa-28100	83	46	�	�	PROPN
cjfa-28100	83	47	�	�	PROPN
cjfa-28100	83	48	�	�	PROPN
cjfa-28100	83	49	)	)	PUNCT
cjfa-28100	83	50	since	since	SCONJ
cjfa-28100	83	51	the	the	DET
cjfa-28100	83	52	expectation	expectation	NOUN
cjfa-28100	83	53	of	of	ADP
cjfa-28100	83	54	�	�	PROPN
cjfa-28100	83	55	�	�	PROPN
cjfa-28100	83	56	�	�	PROPN
cjfa-28100	83	57	�	�	PROPN
cjfa-28100	83	58	�	�	PROPN
cjfa-28100	83	59	�	�	PROPN
cjfa-28100	83	60	is	be	AUX
cjfa-28100	83	61	conditional	conditional	ADJ
cjfa-28100	83	62	on	on	ADP
cjfa-28100	83	63	�	�	PROPN
cjfa-28100	83	64	�	�	PROPN
cjfa-28100	83	65	.	.	PUNCT
cjfa-28100	84	1	if	if	SCONJ
cjfa-28100	84	2	return	return	NOUN
cjfa-28100	84	3	can	can	AUX
cjfa-28100	84	4	be	be	AUX
cjfa-28100	84	5	described	describe	VERB
cjfa-28100	84	6	in	in	ADP
cjfa-28100	84	7	terms	term	NOUN
cjfa-28100	84	8	of	of	ADP
cjfa-28100	84	9	expected	expect	VERB
cjfa-28100	84	10	return	return	NOUN
cjfa-28100	84	11	of	of	ADP
cjfa-28100	84	12	fair	fair	ADJ
cjfa-28100	84	13	game	game	NOUN
cjfa-28100	84	14	model	model	NOUN
cjfa-28100	84	15	,	,	PUNCT
cjfa-28100	84	16	the	the	DET
cjfa-28100	84	17	efficient	efficient	ADJ
cjfa-28100	84	18	market	market	NOUN
cjfa-28100	84	19	hypothesis	hypothesis	NOUN
cjfa-28100	84	20	will	will	AUX
cjfa-28100	84	21	hold	hold	VERB
cjfa-28100	84	22	if	if	SCONJ
cjfa-28100	84	23	no	no	DET
cjfa-28100	84	24	trading	trading	NOUN
cjfa-28100	84	25	rule	rule	NOUN
cjfa-28100	84	26	can	can	AUX
cjfa-28100	84	27	be	be	AUX
cjfa-28100	84	28	invented	invent	VERB
cjfa-28100	84	29	or	or	CCONJ
cjfa-28100	84	30	used	use	VERB
cjfa-28100	84	31	to	to	PART
cjfa-28100	84	32	earn	earn	VERB
cjfa-28100	84	33	abnormal	abnormal	ADJ
cjfa-28100	84	34	profit	profit	NOUN
cjfa-28100	84	35	built	build	VERB
cjfa-28100	84	36	on	on	ADP
cjfa-28100	84	37	the	the	DET
cjfa-28100	84	38	information	information	NOUN
cjfa-28100	84	39	set	set	VERB
cjfa-28100	84	40	�	�	PROPN
cjfa-28100	84	41	�	�	PROPN
cjfa-28100	84	42	.	.	PUNCT
cjfa-28100	85	1	empirically	empirically	ADV
cjfa-28100	85	2	,	,	PUNCT
cjfa-28100	85	3	volatility	volatility	NOUN
cjfa-28100	85	4	model	model	NOUN
cjfa-28100	85	5	should	should	AUX
cjfa-28100	85	6	sufficiently	sufficiently	ADV
cjfa-28100	85	7	model	model	VERB
cjfa-28100	85	8	heteroscadasticity	heteroscadasticity	NOUN
cjfa-28100	85	9	in	in	ADP
cjfa-28100	85	10	the	the	DET
cjfa-28100	85	11	disturbance	disturbance	NOUN
cjfa-28100	85	12	term	term	NOUN
cjfa-28100	85	13	and	and	CCONJ
cjfa-28100	85	14	capture	capture	VERB
cjfa-28100	85	15	the	the	DET
cjfa-28100	85	16	stylized	stylize	VERB
cjfa-28100	85	17	fact	fact	NOUN
cjfa-28100	85	18	inherent	inherent	ADJ
cjfa-28100	85	19	in	in	ADP
cjfa-28100	85	20	the	the	DET
cjfa-28100	85	21	series	series	NOUN
cjfa-28100	85	22	such	such	ADJ
cjfa-28100	85	23	as	as	ADP
cjfa-28100	85	24	volatility	volatility	NOUN
cjfa-28100	85	25	clustering	clustering	NOUN
cjfa-28100	85	26	,	,	PUNCT
cjfa-28100	85	27	auto	auto	NOUN
cjfa-28100	85	28	-	-	PUNCT
cjfa-28100	85	29	regressive	regressive	ADJ
cjfa-28100	85	30	conditional	conditional	ADJ
cjfa-28100	85	31	heteroscadasticity	heteroscadasticity	NOUN
cjfa-28100	85	32	(	(	PUNCT
cjfa-28100	85	33	arch	arch	NOUN
cjfa-28100	85	34	)	)	PUNCT
cjfa-28100	85	35	effect	effect	NOUN
cjfa-28100	85	36	(	(	PUNCT
cjfa-28100	85	37	engle	engle	NOUN
cjfa-28100	85	38	,	,	PUNCT
cjfa-28100	85	39	1982	1982	NUM
cjfa-28100	85	40	)	)	PUNCT
cjfa-28100	85	41	.	.	PUNCT
cjfa-28100	86	1	various	various	ADJ
cjfa-28100	86	2	studies	study	NOUN
cjfa-28100	86	3	models	model	VERB
cjfa-28100	86	4	heteroscadasticity	heteroscadasticity	NOUN
cjfa-28100	86	5	in	in	ADP
cjfa-28100	86	6	the	the	DET
cjfa-28100	86	7	disturbance	disturbance	NOUN
cjfa-28100	86	8	term	term	NOUN
cjfa-28100	86	9	and	and	CCONJ
cjfa-28100	86	10	captures	capture	VERB
cjfa-28100	86	11	the	the	DET
cjfa-28100	86	12	stylized	stylize	VERB
cjfa-28100	86	13	fact	fact	NOUN
cjfa-28100	86	14	inherent	inherent	ADJ
cjfa-28100	86	15	in	in	ADP
cjfa-28100	86	16	the	the	DET
cjfa-28100	86	17	series	series	NOUN
cjfa-28100	86	18	(	(	PUNCT
cjfa-28100	86	19	volatility	volatility	NOUN
cjfa-28100	86	20	persistence	persistence	NOUN
cjfa-28100	86	21	)	)	PUNCT
cjfa-28100	86	22	include	include	VERB
cjfa-28100	86	23	(	(	PUNCT
cjfa-28100	86	24	kuhe	kuhe	NOUN
cjfa-28100	86	25	,	,	PUNCT
cjfa-28100	86	26	2018	2018	NUM
cjfa-28100	86	27	;	;	PUNCT
cjfa-28100	86	28	kumar	kumar	PROPN
cjfa-28100	86	29	&	&	CCONJ
cjfa-28100	86	30	maheswaran	maheswaran	PROPN
cjfa-28100	86	31	,	,	PUNCT
cjfa-28100	86	32	2012	2012	NUM
cjfa-28100	86	33	;	;	PUNCT
cjfa-28100	86	34	dikko	dikko	NOUN
cjfa-28100	86	35	,	,	PUNCT
cjfa-28100	86	36	asiribo	asiribo	PROPN
cjfa-28100	86	37	&	&	CCONJ
cjfa-28100	86	38	samson	samson	PROPN
cjfa-28100	86	39	,	,	PUNCT
cjfa-28100	86	40	2015	2015	NUM
cjfa-28100	86	41	;	;	PUNCT
cjfa-28100	86	42	adewale	adewale	PROPN
cjfa-28100	86	43	,	,	PUNCT
cjfa-28100	86	44	olufemi	olufemi	PROPN
cjfa-28100	86	45	&	&	CCONJ
cjfa-28100	86	46	oseko	oseko	PROPN
cjfa-28100	86	47	,	,	PUNCT
cjfa-28100	86	48	2016	2016	NUM
cjfa-28100	86	49	;	;	PUNCT
cjfa-28100	86	50	fasanya	fasanya	PROPN
cjfa-28100	86	51	&	&	CCONJ
cjfa-28100	86	52	adekoya	adekoya	PROPN
cjfa-28100	86	53	,	,	PUNCT
cjfa-28100	86	54	2017	2017	NUM
cjfa-28100	86	55	;	;	PUNCT
cjfa-28100	86	56	muhammad	muhammad	PROPN
cjfa-28100	86	57	&	&	CCONJ
cjfa-28100	86	58	shuguang	shuguang	PROPN
cjfa-28100	86	59	,	,	PUNCT
cjfa-28100	86	60	2015	2015	NUM
cjfa-28100	86	61	;	;	PUNCT
cjfa-28100	86	62	kuhe	kuhe	PROPN
cjfa-28100	86	63	&	&	CCONJ
cjfa-28100	86	64	chiawa	chiawa	PROPN
cjfa-28100	86	65	,	,	PUNCT
cjfa-28100	86	66	2017	2017	NUM
cjfa-28100	86	67	)	)	PUNCT
cjfa-28100	86	68	.	.	PUNCT
cjfa-28100	87	1	in	in	ADP
cjfa-28100	87	2	the	the	DET
cjfa-28100	87	3	presence	presence	NOUN
cjfa-28100	87	4	of	of	ADP
cjfa-28100	87	5	structural	structural	ADJ
cjfa-28100	87	6	break	break	NOUN
cjfa-28100	87	7	,	,	PUNCT
cjfa-28100	87	8	studies	study	NOUN
cjfa-28100	87	9	assert	assert	VERB
cjfa-28100	87	10	decrease	decrease	NOUN
cjfa-28100	87	11	in	in	ADP
cjfa-28100	87	12	volatility	volatility	NOUN
cjfa-28100	87	13	persistence	persistence	NOUN
cjfa-28100	87	14	after	after	ADP
cjfa-28100	87	15	the	the	DET
cjfa-28100	87	16	break	break	NOUN
cjfa-28100	87	17	(	(	PUNCT
cjfa-28100	87	18	lamoureux	lamoureux	PROPN
cjfa-28100	87	19	&	&	CCONJ
cjfa-28100	87	20	lastrapes	lastrapes	PROPN
cjfa-28100	87	21	,	,	PUNCT
cjfa-28100	87	22	1990	1990	NUM
cjfa-28100	87	23	;	;	PUNCT
cjfa-28100	87	24	malik	malik	PROPN
cjfa-28100	87	25	,	,	PUNCT
cjfa-28100	87	26	ewing	ewing	PROPN
cjfa-28100	87	27	&	&	CCONJ
cjfa-28100	87	28	payne	payne	PROPN
cjfa-28100	87	29	,	,	PUNCT
cjfa-28100	87	30	2005	2005	NUM
cjfa-28100	87	31	;	;	PUNCT
cjfa-28100	87	32	hammoudeh	hammoudeh	PROPN
cjfa-28100	87	33	&	&	CCONJ
cjfa-28100	87	34	li	li	PROPN
cjfa-28100	87	35	2008	2008	NUM
cjfa-28100	87	36	;	;	PUNCT
cjfa-28100	87	37	muhammad	muhammad	PROPN
cjfa-28100	87	38	&	&	CCONJ
cjfa-28100	87	39	shuguang	shuguang	PROPN
cjfa-28100	87	40	,	,	PUNCT
cjfa-28100	87	41	2015	2015	NUM
cjfa-28100	87	42	)	)	PUNCT
cjfa-28100	87	43	for	for	ADP
cjfa-28100	87	44	canadian	canadian	ADJ
cjfa-28100	87	45	stock	stock	NOUN
cjfa-28100	87	46	market	market	NOUN
cjfa-28100	87	47	,	,	PUNCT
cjfa-28100	87	48	gulf	gulf	PROPN
cjfa-28100	87	49	arab	arab	ADJ
cjfa-28100	87	50	countries	country	NOUN
cjfa-28100	87	51	stock	stock	NOUN
cjfa-28100	87	52	market	market	NOUN
cjfa-28100	87	53	and	and	CCONJ
cjfa-28100	87	54	some	some	DET
cjfa-28100	87	55	emerging	emerge	VERB
cjfa-28100	87	56	stock	stock	NOUN
cjfa-28100	87	57	markets	market	NOUN
cjfa-28100	87	58	.	.	PUNCT
cjfa-28100	88	1	in	in	ADP
cjfa-28100	88	2	nigeria	nigeria	PROPN
cjfa-28100	88	3	,	,	PUNCT
cjfa-28100	88	4	kuhe	kuhe	PROPN
cjfa-28100	88	5	(	(	PUNCT
cjfa-28100	88	6	2018	2018	NUM
cjfa-28100	88	7	)	)	PUNCT
cjfa-28100	88	8	,	,	PUNCT
cjfa-28100	88	9	dikko	dikko	VERB
cjfa-28100	88	10	et	et	NOUN
cjfa-28100	88	11	al	al	PROPN
cjfa-28100	88	12	.	.	PUNCT
cjfa-28100	89	1	(	(	PUNCT
cjfa-28100	89	2	2015	2015	NUM
cjfa-28100	89	3	)	)	PUNCT
cjfa-28100	89	4	,	,	PUNCT
cjfa-28100	89	5	bala	bala	NOUN
cjfa-28100	89	6	and	and	CCONJ
cjfa-28100	89	7	asemota	asemota	PROPN
cjfa-28100	89	8	(	(	PUNCT
cjfa-28100	89	9	2013	2013	NUM
cjfa-28100	89	10	)	)	PUNCT
cjfa-28100	89	11	,	,	PUNCT
cjfa-28100	89	12	adewale	adewale	PROPN
cjfa-28100	89	13	et	et	PROPN
cjfa-28100	89	14	al	al	PROPN
cjfa-28100	89	15	.	.	PUNCT
cjfa-28100	90	1	(	(	PUNCT
cjfa-28100	90	2	2016	2016	NUM
cjfa-28100	90	3	)	)	PUNCT
cjfa-28100	90	4	,	,	PUNCT
cjfa-28100	90	5	kuhe	kuhe	PROPN
cjfa-28100	90	6	and	and	CCONJ
cjfa-28100	90	7	chiawa	chiawa	PROPN
cjfa-28100	90	8	(	(	PUNCT
cjfa-28100	90	9	2017	2017	NUM
cjfa-28100	90	10	)	)	PUNCT
cjfa-28100	90	11	assert	assert	VERB
cjfa-28100	90	12	that	that	SCONJ
cjfa-28100	90	13	there	there	PRON
cjfa-28100	90	14	exist	exist	VERB
cjfa-28100	90	15	significant	significant	ADJ
cjfa-28100	90	16	reduction	reduction	NOUN
cjfa-28100	90	17	in	in	ADP
cjfa-28100	90	18	volatility	volatility	NOUN
cjfa-28100	90	19	persistence	persistence	NOUN
cjfa-28100	90	20	after	after	ADP
cjfa-28100	90	21	structural	structural	ADJ
cjfa-28100	90	22	breaks	break	NOUN
cjfa-28100	90	23	.	.	PUNCT
cjfa-28100	91	1	the	the	DET
cjfa-28100	91	2	research	research	NOUN
cjfa-28100	91	3	methodology	methodology	NOUN
cjfa-28100	91	4	and	and	CCONJ
cjfa-28100	91	5	the	the	DET
cjfa-28100	91	6	course	course	NOUN
cjfa-28100	91	7	of	of	ADP
cjfa-28100	91	8	the	the	DET
cjfa-28100	91	9	research	research	NOUN
cjfa-28100	91	10	process	process	NOUN
cjfa-28100	91	11	the	the	DET
cjfa-28100	91	12	research	research	NOUN
cjfa-28100	91	13	population	population	NOUN
cjfa-28100	91	14	is	be	AUX
cjfa-28100	91	15	the	the	DET
cjfa-28100	91	16	nigerian	nigerian	ADJ
cjfa-28100	91	17	stock	stock	NOUN
cjfa-28100	91	18	exchange	exchange	PROPN
cjfa-28100	91	19	,	,	PUNCT
cjfa-28100	91	20	the	the	DET
cjfa-28100	91	21	data	datum	NOUN
cjfa-28100	91	22	used	use	VERB
cjfa-28100	91	23	was	be	AUX
cjfa-28100	91	24	the	the	DET
cjfa-28100	91	25	all	all	DET
cjfa-28100	91	26	share	share	NOUN
cjfa-28100	91	27	index	index	NOUN
cjfa-28100	91	28	return	return	NOUN
cjfa-28100	91	29	covering	cover	VERB
cjfa-28100	91	30	the	the	DET
cjfa-28100	91	31	period	period	NOUN
cjfa-28100	91	32	of	of	ADP
cjfa-28100	91	33	jan	jan	PROPN
cjfa-28100	91	34	.	.	PROPN
cjfa-28100	91	35	2001	2001	NUM
cjfa-28100	91	36	till	till	SCONJ
cjfa-28100	91	37	dec	dec	PROPN
cjfa-28100	91	38	.	.	PROPN
cjfa-28100	91	39	2016	2016	NUM
cjfa-28100	91	40	divided	divide	VERB
cjfa-28100	91	41	into	into	ADP
cjfa-28100	91	42	pre	pre	VERB
cjfa-28100	91	43	and	and	CCONJ
cjfa-28100	91	44	post	post	VERB
cjfa-28100	91	45	financial	financial	ADJ
cjfa-28100	91	46	meltdown	meltdown	NOUN
cjfa-28100	91	47	.	.	PUNCT
cjfa-28100	92	1	the	the	DET
cjfa-28100	92	2	weekly	weekly	ADJ
cjfa-28100	92	3	return	return	NOUN
cjfa-28100	92	4	series	series	NOUN
cjfa-28100	92	5	was	be	AUX
cjfa-28100	92	6	calculated	calculate	VERB
cjfa-28100	92	7	as	as	ADP
cjfa-28100	92	8	:	:	PUNCT
cjfa-28100	92	9	�	�	PROPN
cjfa-28100	92	10	�	�	PROPN
cjfa-28100	92	11	�	�	PROPN
cjfa-28100	92	12	�	�	PROPN
cjfa-28100	92	13	�	�	PROPN
cjfa-28100	92	14	=	=	SYM
cjfa-28100	92	15	(	(	PUNCT
cjfa-28100	92	16	�	�	PROPN
cjfa-28100	92	17	�	�	PROPN
cjfa-28100	92	18	�	�	PROPN
cjfa-28100	92	19	�	�	PROPN
cjfa-28100	92	20	�	�	PROPN
cjfa-28100	92	21	�	�	PROPN
cjfa-28100	92	22	�	�	PROPN
cjfa-28100	92	23	�	�	PROPN
cjfa-28100	92	24	�	�	PROPN
cjfa-28100	92	25	�	�	PROPN
cjfa-28100	92	26	�	�	PROPN
cjfa-28100	92	27	)	)	PUNCT
cjfa-28100	92	28	�	�	PROPN
cjfa-28100	92	29	�	�	PROPN
cjfa-28100	92	30	�	�	PROPN
cjfa-28100	92	31	�	�	PROPN
cjfa-28100	92	32	�	�	PROPN
cjfa-28100	92	33	�	�	PROPN
cjfa-28100	92	34	(	(	PUNCT
cjfa-28100	92	35	6	6	NUM
cjfa-28100	92	36	)	)	PUNCT
cjfa-28100	92	37	where	where	SCONJ
cjfa-28100	92	38	�	�	PROPN
cjfa-28100	92	39	�	�	PROPN
cjfa-28100	92	40	�	�	PROPN
cjfa-28100	92	41	�	�	PROPN
cjfa-28100	92	42	denote	denote	VERB
cjfa-28100	92	43	all	all	DET
cjfa-28100	92	44	share	share	NOUN
cjfa-28100	92	45	index	index	NOUN
cjfa-28100	92	46	at	at	ADP
cjfa-28100	92	47	time	time	NOUN
cjfa-28100	92	48	�	�	PROPN
cjfa-28100	92	49	and	and	CCONJ
cjfa-28100	92	50	�	�	PROPN
cjfa-28100	92	51	�	�	PROPN
cjfa-28100	92	52	�	�	PROPN
cjfa-28100	92	53	�	�	PROPN
cjfa-28100	92	54	�	�	PROPN
cjfa-28100	92	55	�	�	PROPN
cjfa-28100	92	56	is	be	AUX
cjfa-28100	92	57	all	all	DET
cjfa-28100	92	58	share	share	NOUN
cjfa-28100	92	59	index	index	NOUN
cjfa-28100	92	60	at	at	ADP
cjfa-28100	92	61	time	time	NOUN
cjfa-28100	92	62	�	�	PROPN
cjfa-28100	92	63	�	�	PROPN
cjfa-28100	92	64	�	�	PROPN
cjfa-28100	92	65	.	.	PUNCT
cjfa-28100	93	1	the	the	DET
cjfa-28100	93	2	unit	unit	NOUN
cjfa-28100	93	3	root	root	PROPN
cjfa-28100	93	4	test	test	NOUN
cjfa-28100	93	5	,	,	PUNCT
cjfa-28100	93	6	the	the	DET
cjfa-28100	93	7	arch	arch	ADJ
cjfa-28100	93	8	effect	effect	NOUN
cjfa-28100	93	9	test	test	NOUN
cjfa-28100	93	10	and	and	CCONJ
cjfa-28100	93	11	volatility	volatility	NOUN
cjfa-28100	93	12	clustering	clustering	NOUN
cjfa-28100	93	13	attribute	attribute	NOUN
cjfa-28100	93	14	of	of	ADP
cjfa-28100	93	15	the	the	DET
cjfa-28100	93	16	all	all	DET
cjfa-28100	93	17	share	share	NOUN
cjfa-28100	93	18	index	index	NOUN
cjfa-28100	93	19	return	return	NOUN
cjfa-28100	93	20	series	series	NOUN
cjfa-28100	93	21	were	be	AUX
cjfa-28100	93	22	conducted	conduct	VERB
cjfa-28100	93	23	and	and	CCONJ
cjfa-28100	93	24	analysed	analyse	VERB
cjfa-28100	93	25	to	to	PART
cjfa-28100	93	26	determine	determine	VERB
cjfa-28100	93	27	the	the	DET
cjfa-28100	93	28	suitability	suitability	NOUN
cjfa-28100	93	29	of	of	ADP
cjfa-28100	93	30	using	use	VERB
cjfa-28100	93	31	the	the	DET
cjfa-28100	93	32	data	datum	NOUN
cjfa-28100	93	33	in	in	ADP
cjfa-28100	93	34	garch	garch	NOUN
cjfa-28100	93	35	variant	variant	NOUN
cjfa-28100	93	36	models	model	NOUN
cjfa-28100	93	37	.	.	PUNCT
cjfa-28100	94	1	garch	garch	NOUN
cjfa-28100	94	2	models	model	NOUN
cjfa-28100	94	3	suitably	suitably	ADV
cjfa-28100	94	4	capture	capture	VERB
cjfa-28100	94	5	the	the	DET
cjfa-28100	94	6	volatility	volatility	NOUN
cjfa-28100	94	7	clustering	cluster	VERB
cjfa-28100	94	8	,	,	PUNCT
cjfa-28100	94	9	(	(	PUNCT
cjfa-28100	94	10	6	6	NUM
cjfa-28100	94	11	)	)	PUNCT
cjfa-28100	94	12	where	where	SCONJ
cjfa-28100	94	13	asit	asit	PROPN
cjfa-28100	94	14	denote	denote	VERB
cjfa-28100	94	15	all	all	DET
cjfa-28100	94	16	share	share	NOUN
cjfa-28100	94	17	index	index	NOUN
cjfa-28100	94	18	at	at	ADP
cjfa-28100	94	19	time	time	NOUN
cjfa-28100	94	20	t	t	PROPN
cjfa-28100	94	21	and	and	CCONJ
cjfa-28100	94	22	asit–1	asit–1	PRON
cjfa-28100	94	23	is	be	AUX
cjfa-28100	94	24	all	all	DET
cjfa-28100	94	25	share	share	NOUN
cjfa-28100	94	26	index	index	NOUN
cjfa-28100	94	27	at	at	ADP
cjfa-28100	94	28	time	time	NOUN
cjfa-28100	94	29	t	t	PROPN
cjfa-28100	94	30	 	 	SPACE
cjfa-28100	94	31	–	–	PUNCT
cjfa-28100	94	32	 	 	SPACE
cjfa-28100	94	33	1	1	NUM
cjfa-28100	94	34	.	.	PUNCT
cjfa-28100	95	1	the	the	DET
cjfa-28100	95	2	unit	unit	NOUN
cjfa-28100	95	3	root	root	PROPN
cjfa-28100	95	4	test	test	NOUN
cjfa-28100	95	5	,	,	PUNCT
cjfa-28100	95	6	the	the	DET
cjfa-28100	95	7	arch	arch	ADJ
cjfa-28100	95	8	effect	effect	NOUN
cjfa-28100	95	9	test	test	NOUN
cjfa-28100	95	10	and	and	CCONJ
cjfa-28100	95	11	volatility	volatility	NOUN
cjfa-28100	95	12	clustering	clustering	NOUN
cjfa-28100	95	13	attribute	attribute	NOUN
cjfa-28100	95	14	of	of	ADP
cjfa-28100	95	15	the	the	DET
cjfa-28100	95	16	all	all	DET
cjfa-28100	95	17	share	share	NOUN
cjfa-28100	95	18	index	index	NOUN
cjfa-28100	95	19	return	return	NOUN
cjfa-28100	95	20	series	series	NOUN
cjfa-28100	95	21	were	be	AUX
cjfa-28100	95	22	conducted	conduct	VERB
cjfa-28100	95	23	and	and	CCONJ
cjfa-28100	95	24	analysed	analyse	VERB
cjfa-28100	95	25	to	to	PART
cjfa-28100	95	26	determine	determine	VERB
cjfa-28100	95	27	the	the	DET
cjfa-28100	95	28	suitability	suitability	NOUN
cjfa-28100	95	29	of	of	ADP
cjfa-28100	95	30	using	use	VERB
cjfa-28100	95	31	the	the	DET
cjfa-28100	95	32	data	datum	NOUN
cjfa-28100	95	33	in	in	ADP
cjfa-28100	95	34	garch	garch	NOUN
cjfa-28100	95	35	variant	variant	NOUN
cjfa-28100	95	36	models	model	NOUN
cjfa-28100	95	37	.	.	PUNCT
cjfa-28100	96	1	garch	garch	NOUN
cjfa-28100	96	2	models	model	NOUN
cjfa-28100	96	3	suitably	suitably	ADV
cjfa-28100	96	4	capture	capture	VERB
cjfa-28100	96	5	the	the	DET
cjfa-28100	96	6	volatility	volatility	NOUN
cjfa-28100	96	7	clustering	clustering	NOUN
cjfa-28100	96	8	,	,	PUNCT
cjfa-28100	96	9	auto	auto	NOUN
cjfa-28100	96	10	-	-	PUNCT
cjfa-28100	96	11	regressive	regressive	ADJ
cjfa-28100	96	12	conditional	conditional	ADJ
cjfa-28100	96	13	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	96	14	(	(	PUNCT
cjfa-28100	96	15	arch	arch	ADJ
cjfa-28100	96	16	)	)	PUNCT
cjfa-28100	96	17	effect	effect	NOUN
cjfa-28100	96	18	,	,	PUNCT
cjfa-28100	96	19	asymmetry	asymmetry	NOUN
cjfa-28100	96	20	and	and	CCONJ
cjfa-28100	96	21	other	other	ADJ
cjfa-28100	96	22	related	related	ADJ
cjfa-28100	96	23	attributes	attribute	NOUN
cjfa-28100	96	24	in	in	ADP
cjfa-28100	96	25	the	the	DET
cjfa-28100	96	26	series	series	NOUN
cjfa-28100	96	27	(	(	PUNCT
cjfa-28100	96	28	engle	engle	PROPN
cjfa-28100	96	29	,	,	PUNCT
cjfa-28100	96	30	1982	1982	NUM
cjfa-28100	96	31	)	)	PUNCT
cjfa-28100	96	32	.	.	PUNCT
cjfa-28100	97	1	model	model	NOUN
cjfa-28100	97	2	specification	specification	NOUN
cjfa-28100	97	3	the	the	DET
cjfa-28100	97	4	garch	garch	NOUN
cjfa-28100	97	5	model	model	NOUN
cjfa-28100	97	6	derived	derive	VERB
cjfa-28100	97	7	by	by	ADP
cjfa-28100	97	8	bollerslev	bollerslev	ADJ
cjfa-28100	97	9	(	(	PUNCT
cjfa-28100	97	10	1986	1986	NUM
cjfa-28100	97	11	)	)	PUNCT
cjfa-28100	97	12	replaced	replace	VERB
cjfa-28100	97	13	the	the	DET
cjfa-28100	97	14	auto	auto	NOUN
cjfa-28100	97	15	-	-	PUNCT
cjfa-28100	97	16	regressive	regressive	ADJ
cjfa-28100	97	17	moving	move	VERB
cjfa-28100	97	18	average	average	NOUN
cjfa-28100	97	19	[	[	X
cjfa-28100	97	20	arma(p	arma(p	NOUN
cjfa-28100	97	21	)	)	PUNCT
cjfa-28100	97	22	]	]	PUNCT
cjfa-28100	97	23	was	be	AUX
cjfa-28100	97	24	given	give	VERB
cjfa-28100	97	25	as	as	ADP
cjfa-28100	97	26	:	:	PUNCT
cjfa-28100	97	27	auto	auto	NOUN
cjfa-28100	97	28	-	-	PUNCT
cjfa-28100	97	29	regressive	regressive	ADJ
cjfa-28100	97	30	conditional	conditional	ADJ
cjfa-28100	97	31	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	97	32	(	(	PUNCT
cjfa-28100	97	33	arch	arch	ADJ
cjfa-28100	97	34	)	)	PUNCT
cjfa-28100	97	35	effect	effect	NOUN
cjfa-28100	97	36	,	,	PUNCT
cjfa-28100	97	37	asymmetry	asymmetry	NOUN
cjfa-28100	97	38	and	and	CCONJ
cjfa-28100	97	39	other	other	ADJ
cjfa-28100	97	40	related	related	ADJ
cjfa-28100	97	41	attributes	attribute	NOUN
cjfa-28100	97	42	in	in	ADP
cjfa-28100	97	43	the	the	DET
cjfa-28100	97	44	series	series	NOUN
cjfa-28100	97	45	(	(	PUNCT
cjfa-28100	97	46	engle	engle	PROPN
cjfa-28100	97	47	,	,	PUNCT
cjfa-28100	97	48	1982	1982	NUM
cjfa-28100	97	49	)	)	PUNCT
cjfa-28100	97	50	.	.	PUNCT
cjfa-28100	98	1	model	model	NOUN
cjfa-28100	98	2	specification	specification	NOUN
cjfa-28100	98	3	the	the	DET
cjfa-28100	98	4	garch	garch	NOUN
cjfa-28100	98	5	model	model	NOUN
cjfa-28100	98	6	derived	derive	VERB
cjfa-28100	98	7	by	by	ADP
cjfa-28100	98	8	bollerslev	bollerslev	ADJ
cjfa-28100	98	9	(	(	PUNCT
cjfa-28100	98	10	1986	1986	NUM
cjfa-28100	98	11	)	)	PUNCT
cjfa-28100	98	12	replaced	replace	VERB
cjfa-28100	98	13	the	the	DET
cjfa-28100	98	14	auto	auto	NOUN
cjfa-28100	98	15	-	-	PUNCT
cjfa-28100	98	16	regressive	regressive	ADJ
cjfa-28100	98	17	moving	move	VERB
cjfa-28100	98	18	average	average	NOUN
cjfa-28100	98	19	[	[	X
cjfa-28100	98	20	arma(p	arma(p	NOUN
cjfa-28100	98	21	)	)	PUNCT
cjfa-28100	98	22	]	]	PUNCT
cjfa-28100	98	23	was	be	AUX
cjfa-28100	98	24	given	give	VERB
cjfa-28100	98	25	as	as	ADP
cjfa-28100	98	26	:	:	PUNCT
cjfa-28100	98	27	�	�	PROPN
cjfa-28100	98	28	�	�	PROPN
cjfa-28100	98	29	�	�	PROPN
cjfa-28100	98	30	�	�	PROPN
cjfa-28100	98	31	�	�	PROPN
cjfa-28100	98	32	+	+	PROPN
cjfa-28100	98	33	�	�	PROPN
cjfa-28100	98	34	∑	∑	PROPN
cjfa-28100	98	35	�	�	PROPN
cjfa-28100	98	36	�	�	PROPN
cjfa-28100	98	37	�	�	PROPN
cjfa-28100	98	38	�	�	PROPN
cjfa-28100	98	39	�	�	PROPN
cjfa-28100	98	40	�	�	PROPN
cjfa-28100	98	41	�	�	PROPN
cjfa-28100	98	42	�	�	PROPN
cjfa-28100	98	43	�	�	PROPN
cjfa-28100	98	44	�	�	PROPN
cjfa-28100	98	45	+	+	CCONJ
cjfa-28100	98	46	∑	∑	PROPN
cjfa-28100	98	47	�	�	PROPN
cjfa-28100	98	48	�	�	PROPN
cjfa-28100	98	49	�	�	PROPN
cjfa-28100	98	50	�	�	PROPN
cjfa-28100	98	51	�	�	PROPN
cjfa-28100	98	52	�	�	PROPN
cjfa-28100	98	53	�	�	PROPN
cjfa-28100	98	54	�	�	PROPN
cjfa-28100	98	55	�	�	PROPN
cjfa-28100	98	56	�	�	PROPN
cjfa-28100	98	57	(	(	PUNCT
cjfa-28100	98	58	7	7	NUM
cjfa-28100	98	59	)	)	PUNCT
cjfa-28100	98	60	where	where	SCONJ
cjfa-28100	98	61	�	�	PROPN
cjfa-28100	98	62	,	,	PUNCT
cjfa-28100	98	63	�	�	PROPN
cjfa-28100	98	64	>	>	X
cjfa-28100	98	65	0	0	PUNCT
cjfa-28100	99	1	and	and	CCONJ
cjfa-28100	99	2	(	(	PUNCT
cjfa-28100	99	3	�	�	PROPN
cjfa-28100	99	4	+	+	CCONJ
cjfa-28100	99	5	�	�	PROPN
cjfa-28100	99	6	)	)	PUNCT
cjfa-28100	99	7	<	<	X
cjfa-28100	99	8	1	1	NUM
cjfa-28100	99	9	is	be	AUX
cjfa-28100	99	10	to	to	PART
cjfa-28100	99	11	avoid	avoid	VERB
cjfa-28100	99	12	the	the	DET
cjfa-28100	99	13	possibility	possibility	NOUN
cjfa-28100	99	14	of	of	ADP
cjfa-28100	99	15	negative	negative	ADJ
cjfa-28100	99	16	conditional	conditional	ADJ
cjfa-28100	99	17	variance	variance	NOUN
cjfa-28100	99	18	.	.	PUNCT
cjfa-28100	100	1	equation	equation	NOUN
cjfa-28100	100	2	(	(	PUNCT
cjfa-28100	100	3	7	7	X
cjfa-28100	100	4	)	)	PUNCT
cjfa-28100	100	5	states	state	VERB
cjfa-28100	100	6	that	that	SCONJ
cjfa-28100	100	7	the	the	DET
cjfa-28100	100	8	current	current	ADJ
cjfa-28100	100	9	value	value	NOUN
cjfa-28100	100	10	of	of	ADP
cjfa-28100	100	11	the	the	DET
cjfa-28100	100	12	current	current	ADJ
cjfa-28100	100	13	return	return	NOUN
cjfa-28100	100	14	variance	variance	NOUN
cjfa-28100	100	15	is	be	AUX
cjfa-28100	100	16	a	a	DET
cjfa-28100	100	17	function	function	NOUN
cjfa-28100	100	18	of	of	ADP
cjfa-28100	100	19	a	a	DET
cjfa-28100	100	20	constant	constant	ADJ
cjfa-28100	100	21	and	and	CCONJ
cjfa-28100	100	22	values	value	NOUN
cjfa-28100	100	23	of	of	ADP
cjfa-28100	100	24	the	the	DET
cjfa-28100	100	25	previous	previous	ADJ
cjfa-28100	100	26	squared	square	VERB
cjfa-28100	100	27	residual	residual	ADJ
cjfa-28100	100	28	from	from	ADP
cjfa-28100	100	29	the	the	DET
cjfa-28100	100	30	mean	mean	ADJ
cjfa-28100	100	31	return	return	NOUN
cjfa-28100	100	32	equation	equation	NOUN
cjfa-28100	100	33	plus	plus	CCONJ
cjfa-28100	100	34	values	value	NOUN
cjfa-28100	100	35	of	of	ADP
cjfa-28100	100	36	the	the	DET
cjfa-28100	100	37	previous	previous	ADJ
cjfa-28100	100	38	return	return	NOUN
cjfa-28100	100	39	variance	variance	NOUN
cjfa-28100	100	40	.	.	PUNCT
cjfa-28100	101	1	the	the	DET
cjfa-28100	101	2	mean	mean	ADJ
cjfa-28100	101	3	return	return	NOUN
cjfa-28100	101	4	equation	equation	NOUN
cjfa-28100	101	5	and	and	CCONJ
cjfa-28100	101	6	the	the	DET
cjfa-28100	101	7	return	return	NOUN
cjfa-28100	101	8	variance	variance	NOUN
cjfa-28100	101	9	garch	garch	NOUN
cjfa-28100	101	10	model	model	NOUN
cjfa-28100	101	11	used	use	VERB
cjfa-28100	101	12	in	in	ADP
cjfa-28100	101	13	this	this	DET
cjfa-28100	101	14	research	research	NOUN
cjfa-28100	101	15	are	be	AUX
cjfa-28100	101	16	as	as	SCONJ
cjfa-28100	101	17	follows	follow	VERB
cjfa-28100	101	18	:	:	PUNCT
cjfa-28100	101	19	�	�	PROPN
cjfa-28100	101	20	�	�	PROPN
cjfa-28100	101	21	�	�	PROPN
cjfa-28100	101	22	�	�	PROPN
cjfa-28100	101	23	�	�	PROPN
cjfa-28100	101	24	�	�	PROPN
cjfa-28100	101	25	�	�	PROPN
cjfa-28100	101	26	+	+	PROPN
cjfa-28100	101	27	�	�	PROPN
cjfa-28100	101	28	�	�	PROPN
cjfa-28100	101	29	�	�	PROPN
cjfa-28100	101	30	�	�	PROPN
cjfa-28100	101	31	�	�	PROPN
cjfa-28100	101	32	�	�	PROPN
cjfa-28100	101	33	�	�	PROPN
cjfa-28100	101	34	�	�	PROPN
cjfa-28100	101	35	�	�	PROPN
cjfa-28100	101	36	�	�	PROPN
cjfa-28100	101	37	+	+	PROPN
cjfa-28100	101	38	�	�	PROPN
cjfa-28100	101	39	�	�	PROPN
cjfa-28100	101	40	�	�	PROPN
cjfa-28100	101	41	�	�	PROPN
cjfa-28100	101	42	mean	mean	VERB
cjfa-28100	101	43	return	return	NOUN
cjfa-28100	101	44	equation	equation	NOUN
cjfa-28100	101	45	for	for	ADP
cjfa-28100	101	46	�	�	PROPN
cjfa-28100	101	47	�	�	PROPN
cjfa-28100	101	48	�	�	PROPN
cjfa-28100	101	49	�	�	PROPN
cjfa-28100	101	50	�	�	PROPN
cjfa-28100	101	51	(	(	PUNCT
cjfa-28100	101	52	8)	8)	NUM
cjfa-28100	101	53	�	�	PROPN
cjfa-28100	101	54	�	�	PROPN
cjfa-28100	101	55	�	�	PROPN
cjfa-28100	101	56	�	�	PROPN
cjfa-28100	101	57	�	�	PROPN
cjfa-28100	101	58	+	+	CCONJ
cjfa-28100	101	59	�	�	PROPN
cjfa-28100	101	60	�	�	PROPN
cjfa-28100	101	61	�	�	PROPN
cjfa-28100	101	62	�	�	PROPN
cjfa-28100	101	63	�	�	PROPN
cjfa-28100	101	64	�	�	PROPN
cjfa-28100	101	65	�	�	PROPN
cjfa-28100	101	66	�	�	PROPN
cjfa-28100	101	67	+	+	PROPN
cjfa-28100	101	68	�	�	PROPN
cjfa-28100	101	69	�	�	PROPN
cjfa-28100	101	70	�	�	PROPN
cjfa-28100	101	71	�	�	PROPN
cjfa-28100	101	72	�	�	PROPN
cjfa-28100	101	73	�	�	PROPN
cjfa-28100	101	74	�	�	PROPN
cjfa-28100	101	75	return	return	NOUN
cjfa-28100	101	76	variance	variance	NOUN
cjfa-28100	101	77	equation	equation	NOUN
cjfa-28100	101	78	garch	garch	NOUN
cjfa-28100	101	79	model	model	NOUN
cjfa-28100	101	80	(	(	PUNCT
cjfa-28100	101	81	9	9	NUM
cjfa-28100	101	82	)	)	PUNCT
cjfa-28100	101	83	where	where	SCONJ
cjfa-28100	101	84	�	�	PROPN
cjfa-28100	101	85	�	�	PROPN
cjfa-28100	101	86	�	�	PROPN
cjfa-28100	101	87	is	be	AUX
cjfa-28100	101	88	the	the	DET
cjfa-28100	101	89	return	return	NOUN
cjfa-28100	101	90	variance	variance	NOUN
cjfa-28100	101	91	(	(	PUNCT
cjfa-28100	101	92	one	one	NUM
cjfa-28100	101	93	–	–	PUNCT
cjfa-28100	101	94	period	period	NOUN
cjfa-28100	101	95	ahead	ahead	ADV
cjfa-28100	101	96	forecast	forecast	NOUN
cjfa-28100	101	97	variance	variance	NOUN
cjfa-28100	101	98	based	base	VERB
cjfa-28100	101	99	on	on	ADP
cjfa-28100	101	100	past	past	ADJ
cjfa-28100	101	101	information	information	NOUN
cjfa-28100	101	102	)	)	PUNCT
cjfa-28100	101	103	of	of	ADP
cjfa-28100	101	104	the	the	DET
cjfa-28100	101	105	error	error	NOUN
cjfa-28100	101	106	term	term	NOUN
cjfa-28100	101	107	from	from	ADP
cjfa-28100	101	108	the	the	DET
cjfa-28100	101	109	mean	mean	ADJ
cjfa-28100	101	110	return	return	NOUN
cjfa-28100	101	111	equations	equation	NOUN
cjfa-28100	101	112	,	,	PUNCT
cjfa-28100	101	113	�	�	PROPN
cjfa-28100	101	114	is	be	AUX
cjfa-28100	101	115	the	the	DET
cjfa-28100	101	116	constant	constant	ADJ
cjfa-28100	101	117	,	,	PUNCT
cjfa-28100	101	118	�	�	PROPN
cjfa-28100	101	119	�	�	PROPN
cjfa-28100	101	120	�	�	PROPN
cjfa-28100	101	121	�	�	PROPN
cjfa-28100	101	122	�	�	PROPN
cjfa-28100	101	123	is	be	AUX
cjfa-28100	101	124	the	the	DET
cjfa-28100	101	125	arch	arch	ADJ
cjfa-28100	101	126	term	term	NOUN
cjfa-28100	101	127	depicting	depict	VERB
cjfa-28100	101	128	the	the	DET
cjfa-28100	101	129	previous	previous	ADJ
cjfa-28100	101	130	period	period	NOUN
cjfa-28100	101	131	squared	square	VERB
cjfa-28100	101	132	error	error	NOUN
cjfa-28100	101	133	term	term	NOUN
cjfa-28100	101	134	from	from	ADP
cjfa-28100	101	135	the	the	DET
cjfa-28100	101	136	mean	mean	ADJ
cjfa-28100	101	137	return	return	NOUN
cjfa-28100	101	138	equations	equation	NOUN
cjfa-28100	101	139	and	and	CCONJ
cjfa-28100	101	140	�	�	PROPN
cjfa-28100	101	141	�	�	PROPN
cjfa-28100	101	142	�	�	PROPN
cjfa-28100	101	143	�	�	PROPN
cjfa-28100	101	144	�	�	PROPN
cjfa-28100	101	145	is	be	AUX
cjfa-28100	101	146	the	the	DET
cjfa-28100	101	147	garch	garch	NOUN
cjfa-28100	101	148	term	term	NOUN
cjfa-28100	101	149	depicting	depict	VERB
cjfa-28100	101	150	the	the	DET
cjfa-28100	101	151	previous	previous	ADJ
cjfa-28100	101	152	period	period	NOUN
cjfa-28100	101	153	return	return	NOUN
cjfa-28100	101	154	variance	variance	NOUN
cjfa-28100	101	155	.	.	PUNCT
cjfa-28100	102	1	the	the	DET
cjfa-28100	102	2	garch	garch	NOUN
cjfa-28100	102	3	model	model	NOUN
cjfa-28100	102	4	implies	imply	VERB
cjfa-28100	102	5	that	that	SCONJ
cjfa-28100	102	6	the	the	DET
cjfa-28100	102	7	current	current	ADJ
cjfa-28100	102	8	value	value	NOUN
cjfa-28100	102	9	of	of	ADP
cjfa-28100	102	10	the	the	DET
cjfa-28100	102	11	return	return	NOUN
cjfa-28100	102	12	variance	variance	NOUN
cjfa-28100	102	13	is	be	AUX
cjfa-28100	102	14	a	a	DET
cjfa-28100	102	15	function	function	NOUN
cjfa-28100	102	16	of	of	ADP
cjfa-28100	102	17	a	a	DET
cjfa-28100	102	18	constant	constant	ADJ
cjfa-28100	102	19	and	and	CCONJ
cjfa-28100	102	20	values	value	NOUN
cjfa-28100	102	21	of	of	ADP
cjfa-28100	102	22	the	the	DET
cjfa-28100	102	23	squared	square	VERB
cjfa-28100	102	24	residual	residual	NOUN
cjfa-28100	102	25	from	from	ADP
cjfa-28100	102	26	the	the	DET
cjfa-28100	102	27	mean	mean	ADJ
cjfa-28100	102	28	return	return	NOUN
cjfa-28100	102	29	equation	equation	NOUN
cjfa-28100	102	30	plus	plus	CCONJ
cjfa-28100	102	31	values	value	NOUN
cjfa-28100	102	32	of	of	ADP
cjfa-28100	102	33	the	the	DET
cjfa-28100	102	34	previous	previous	ADJ
cjfa-28100	102	35	return	return	NOUN
cjfa-28100	102	36	variance	variance	NOUN
cjfa-28100	102	37	.	.	PUNCT
cjfa-28100	103	1	volatility	volatility	NOUN
cjfa-28100	103	2	clustering	clustering	NOUN
cjfa-28100	103	3	means	mean	VERB
cjfa-28100	103	4	that	that	SCONJ
cjfa-28100	103	5	period	period	NOUN
cjfa-28100	103	6	of	of	ADP
cjfa-28100	103	7	high	high	ADJ
cjfa-28100	103	8	volatility	volatility	NOUN
cjfa-28100	103	9	will	will	AUX
cjfa-28100	103	10	give	give	VERB
cjfa-28100	103	11	way	way	NOUN
cjfa-28100	103	12	to	to	ADP
cjfa-28100	103	13	normal	normal	ADJ
cjfa-28100	103	14	(	(	PUNCT
cjfa-28100	103	15	low	low	ADJ
cjfa-28100	103	16	)	)	PUNCT
cjfa-28100	103	17	volatility	volatility	NOUN
cjfa-28100	103	18	and	and	CCONJ
cjfa-28100	103	19	period	period	NOUN
cjfa-28100	103	20	of	of	ADP
cjfa-28100	103	21	low	low	ADJ
cjfa-28100	103	22	volatility	volatility	NOUN
cjfa-28100	103	23	will	will	AUX
cjfa-28100	103	24	be	be	AUX
cjfa-28100	103	25	followed	follow	VERB
cjfa-28100	103	26	by	by	ADP
cjfa-28100	103	27	high	high	ADJ
cjfa-28100	103	28	volatility	volatility	NOUN
cjfa-28100	103	29	which	which	PRON
cjfa-28100	103	30	implies	imply	VERB
cjfa-28100	103	31	that	that	SCONJ
cjfa-28100	103	32	volatility	volatility	NOUN
cjfa-28100	103	33	come	come	VERB
cjfa-28100	103	34	and	and	CCONJ
cjfa-28100	103	35	go	go	VERB
cjfa-28100	103	36	.	.	PUNCT
cjfa-28100	104	1	mean	mean	VERB
cjfa-28100	104	2	reversion	reversion	NOUN
cjfa-28100	104	3	in	in	ADP
cjfa-28100	104	4	volatility	volatility	NOUN
cjfa-28100	104	5	implies	imply	VERB
cjfa-28100	104	6	that	that	SCONJ
cjfa-28100	104	7	there	there	PRON
cjfa-28100	104	8	is	be	VERB
cjfa-28100	104	9	a	a	DET
cjfa-28100	104	10	normal	normal	ADJ
cjfa-28100	104	11	level	level	NOUN
cjfa-28100	104	12	of	of	ADP
cjfa-28100	104	13	volatility	volatility	NOUN
cjfa-28100	104	14	to	to	PART
cjfa-28100	104	15	which	which	PRON
cjfa-28100	104	16	volatility	volatility	NOUN
cjfa-28100	104	17	will	will	AUX
cjfa-28100	104	18	eventually	eventually	ADV
cjfa-28100	104	19	return	return	VERB
cjfa-28100	104	20	.	.	PUNCT
cjfa-28100	105	1	long	long	ADJ
cjfa-28100	105	2	run	run	VERB
cjfa-28100	105	3	forecasts	forecast	NOUN
cjfa-28100	105	4	of	of	ADP
cjfa-28100	105	5	volatility	volatility	NOUN
cjfa-28100	105	6	converge	converge	VERB
cjfa-28100	105	7	to	to	ADP
cjfa-28100	105	8	the	the	DET
cjfa-28100	105	9	same	same	ADJ
cjfa-28100	105	10	normal	normal	ADJ
cjfa-28100	105	11	level	level	NOUN
cjfa-28100	105	12	of	of	ADP
cjfa-28100	105	13	volatility	volatility	NOUN
cjfa-28100	105	14	,	,	PUNCT
cjfa-28100	105	15	no	no	ADV
cjfa-28100	105	16	matter	matter	ADV
cjfa-28100	105	17	when	when	SCONJ
cjfa-28100	105	18	they	they	PRON
cjfa-28100	105	19	are	be	AUX
cjfa-28100	105	20	made	make	VERB
cjfa-28100	105	21	(	(	PUNCT
cjfa-28100	105	22	engle	engle	PROPN
cjfa-28100	105	23	&	&	CCONJ
cjfa-28100	105	24	patton	patton	PROPN
cjfa-28100	105	25	,	,	PUNCT
cjfa-28100	105	26	2001	2001	NUM
cjfa-28100	105	27	)	)	PUNCT
cjfa-28100	105	28	.	.	PUNCT
cjfa-28100	106	1	the	the	DET
cjfa-28100	106	2	mean	mean	ADJ
cjfa-28100	106	3	reverting	revert	VERB
cjfa-28100	106	4	form	form	NOUN
cjfa-28100	106	5	of	of	ADP
cjfa-28100	106	6	the	the	DET
cjfa-28100	106	7	garch	garch	NOUN
cjfa-28100	106	8	model	model	NOUN
cjfa-28100	106	9	is	be	AUX
cjfa-28100	106	10	given	give	VERB
cjfa-28100	106	11	as	as	ADP
cjfa-28100	106	12	:	:	PUNCT
cjfa-28100	106	13	(	(	PUNCT
cjfa-28100	106	14	7	7	X
cjfa-28100	106	15	)	)	PUNCT
cjfa-28100	106	16	where	where	SCONJ
cjfa-28100	106	17	α	α	X
cjfa-28100	106	18	,	,	PUNCT
cjfa-28100	106	19	β	β	NOUN
cjfa-28100	106	20	 	 	SPACE
cjfa-28100	106	21	>	>	X
cjfa-28100	106	22	 	 	SPACE
cjfa-28100	106	23	0	0	PUNCT
cjfa-28100	107	1	and	and	CCONJ
cjfa-28100	107	2	(	(	PUNCT
cjfa-28100	107	3	α	α	NOUN
cjfa-28100	107	4	+	+	X
cjfa-28100	107	5	β	β	X
cjfa-28100	107	6	)	)	PUNCT
cjfa-28100	107	7	<	<	X
cjfa-28100	107	8	1	1	NUM
cjfa-28100	107	9	is	be	AUX
cjfa-28100	107	10	to	to	PART
cjfa-28100	107	11	avoid	avoid	VERB
cjfa-28100	107	12	the	the	DET
cjfa-28100	107	13	possibility	possibility	NOUN
cjfa-28100	107	14	of	of	ADP
cjfa-28100	107	15	negative	negative	ADJ
cjfa-28100	107	16	conditional	conditional	ADJ
cjfa-28100	107	17	variance	variance	NOUN
cjfa-28100	107	18	.	.	PUNCT
cjfa-28100	108	1	equation	equation	NOUN
cjfa-28100	108	2	(	(	PUNCT
cjfa-28100	108	3	7	7	X
cjfa-28100	108	4	)	)	PUNCT
cjfa-28100	108	5	states	state	VERB
cjfa-28100	108	6	that	that	SCONJ
cjfa-28100	108	7	the	the	DET
cjfa-28100	108	8	current	current	ADJ
cjfa-28100	108	9	value	value	NOUN
cjfa-28100	108	10	of	of	ADP
cjfa-28100	108	11	the	the	DET
cjfa-28100	108	12	current	current	ADJ
cjfa-28100	108	13	return	return	NOUN
cjfa-28100	108	14	variance	variance	NOUN
cjfa-28100	108	15	is	be	AUX
cjfa-28100	108	16	a	a	DET
cjfa-28100	108	17	function	function	NOUN
cjfa-28100	108	18	of	of	ADP
cjfa-28100	108	19	a	a	DET
cjfa-28100	108	20	constant	constant	ADJ
cjfa-28100	108	21	and	and	CCONJ
cjfa-28100	108	22	values	value	NOUN
cjfa-28100	108	23	of	of	ADP
cjfa-28100	108	24	the	the	DET
cjfa-28100	108	25	previous	previous	ADJ
cjfa-28100	108	26	squared	square	VERB
cjfa-28100	108	27	residual	residual	ADJ
cjfa-28100	108	28	from	from	ADP
cjfa-28100	108	29	the	the	DET
cjfa-28100	108	30	mean	mean	ADJ
cjfa-28100	108	31	return	return	NOUN
cjfa-28100	108	32	equation	equation	NOUN
cjfa-28100	108	33	plus	plus	CCONJ
cjfa-28100	108	34	values	value	NOUN
cjfa-28100	108	35	of	of	ADP
cjfa-28100	108	36	the	the	DET
cjfa-28100	108	37	previous	previous	ADJ
cjfa-28100	108	38	return	return	NOUN
cjfa-28100	108	39	variance	variance	NOUN
cjfa-28100	108	40	.	.	PUNCT
cjfa-28100	109	1	the	the	DET
cjfa-28100	109	2	mean	mean	ADJ
cjfa-28100	109	3	return	return	NOUN
cjfa-28100	109	4	equation	equation	NOUN
cjfa-28100	109	5	and	and	CCONJ
cjfa-28100	109	6	the	the	DET
cjfa-28100	109	7	return	return	NOUN
cjfa-28100	109	8	variance	variance	NOUN
cjfa-28100	109	9	garch	garch	NOUN
cjfa-28100	109	10	model	model	NOUN
cjfa-28100	109	11	used	use	VERB
cjfa-28100	109	12	in	in	ADP
cjfa-28100	109	13	this	this	DET
cjfa-28100	109	14	research	research	NOUN
cjfa-28100	109	15	are	be	AUX
cjfa-28100	109	16	as	as	SCONJ
cjfa-28100	109	17	follows	follow	VERB
cjfa-28100	109	18	:	:	PUNCT
cjfa-28100	109	19	auto	auto	NOUN
cjfa-28100	109	20	-	-	PUNCT
cjfa-28100	109	21	regressive	regressive	ADJ
cjfa-28100	109	22	conditional	conditional	ADJ
cjfa-28100	109	23	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	109	24	(	(	PUNCT
cjfa-28100	109	25	arch	arch	ADJ
cjfa-28100	109	26	)	)	PUNCT
cjfa-28100	109	27	effect	effect	NOUN
cjfa-28100	109	28	,	,	PUNCT
cjfa-28100	109	29	asymmetry	asymmetry	NOUN
cjfa-28100	109	30	and	and	CCONJ
cjfa-28100	109	31	other	other	ADJ
cjfa-28100	109	32	related	related	ADJ
cjfa-28100	109	33	attributes	attribute	NOUN
cjfa-28100	109	34	in	in	ADP
cjfa-28100	109	35	the	the	DET
cjfa-28100	109	36	series	series	NOUN
cjfa-28100	109	37	(	(	PUNCT
cjfa-28100	109	38	engle	engle	PROPN
cjfa-28100	109	39	,	,	PUNCT
cjfa-28100	109	40	1982	1982	NUM
cjfa-28100	109	41	)	)	PUNCT
cjfa-28100	109	42	.	.	PUNCT
cjfa-28100	110	1	model	model	NOUN
cjfa-28100	110	2	specification	specification	NOUN
cjfa-28100	110	3	the	the	DET
cjfa-28100	110	4	garch	garch	NOUN
cjfa-28100	110	5	model	model	NOUN
cjfa-28100	110	6	derived	derive	VERB
cjfa-28100	110	7	by	by	ADP
cjfa-28100	110	8	bollerslev	bollerslev	ADJ
cjfa-28100	110	9	(	(	PUNCT
cjfa-28100	110	10	1986	1986	NUM
cjfa-28100	110	11	)	)	PUNCT
cjfa-28100	110	12	replaced	replace	VERB
cjfa-28100	110	13	the	the	DET
cjfa-28100	110	14	auto	auto	NOUN
cjfa-28100	110	15	-	-	PUNCT
cjfa-28100	110	16	regressive	regressive	ADJ
cjfa-28100	110	17	moving	move	VERB
cjfa-28100	110	18	average	average	NOUN
cjfa-28100	110	19	[	[	X
cjfa-28100	110	20	arma(p	arma(p	NOUN
cjfa-28100	110	21	)	)	PUNCT
cjfa-28100	110	22	]	]	PUNCT
cjfa-28100	110	23	was	be	AUX
cjfa-28100	110	24	given	give	VERB
cjfa-28100	110	25	as	as	ADP
cjfa-28100	110	26	:	:	PUNCT
cjfa-28100	110	27	�	�	PROPN
cjfa-28100	110	28	�	�	PROPN
cjfa-28100	110	29	�	�	PROPN
cjfa-28100	110	30	�	�	PROPN
cjfa-28100	110	31	�	�	PROPN
cjfa-28100	110	32	+	+	PROPN
cjfa-28100	110	33	�	�	PROPN
cjfa-28100	110	34	∑	∑	PROPN
cjfa-28100	110	35	�	�	PROPN
cjfa-28100	110	36	�	�	PROPN
cjfa-28100	110	37	�	�	PROPN
cjfa-28100	110	38	�	�	PROPN
cjfa-28100	110	39	�	�	PROPN
cjfa-28100	110	40	�	�	PROPN
cjfa-28100	110	41	�	�	PROPN
cjfa-28100	110	42	�	�	PROPN
cjfa-28100	110	43	�	�	PROPN
cjfa-28100	110	44	�	�	PROPN
cjfa-28100	110	45	+	+	CCONJ
cjfa-28100	110	46	∑	∑	PROPN
cjfa-28100	110	47	�	�	PROPN
cjfa-28100	110	48	�	�	PROPN
cjfa-28100	110	49	�	�	PROPN
cjfa-28100	110	50	�	�	PROPN
cjfa-28100	110	51	�	�	PROPN
cjfa-28100	110	52	�	�	PROPN
cjfa-28100	110	53	�	�	PROPN
cjfa-28100	110	54	�	�	PROPN
cjfa-28100	110	55	�	�	PROPN
cjfa-28100	110	56	�	�	PROPN
cjfa-28100	110	57	(	(	PUNCT
cjfa-28100	110	58	7	7	NUM
cjfa-28100	110	59	)	)	PUNCT
cjfa-28100	110	60	where	where	SCONJ
cjfa-28100	110	61	�	�	PROPN
cjfa-28100	110	62	,	,	PUNCT
cjfa-28100	110	63	�	�	PROPN
cjfa-28100	110	64	>	>	X
cjfa-28100	110	65	0	0	PUNCT
cjfa-28100	111	1	and	and	CCONJ
cjfa-28100	111	2	(	(	PUNCT
cjfa-28100	111	3	�	�	PROPN
cjfa-28100	111	4	+	+	CCONJ
cjfa-28100	111	5	�	�	PROPN
cjfa-28100	111	6	)	)	PUNCT
cjfa-28100	111	7	<	<	X
cjfa-28100	111	8	1	1	NUM
cjfa-28100	111	9	is	be	AUX
cjfa-28100	111	10	to	to	PART
cjfa-28100	111	11	avoid	avoid	VERB
cjfa-28100	111	12	the	the	DET
cjfa-28100	111	13	possibility	possibility	NOUN
cjfa-28100	111	14	of	of	ADP
cjfa-28100	111	15	negative	negative	ADJ
cjfa-28100	111	16	conditional	conditional	ADJ
cjfa-28100	111	17	variance	variance	NOUN
cjfa-28100	111	18	.	.	PUNCT
cjfa-28100	112	1	equation	equation	NOUN
cjfa-28100	112	2	(	(	PUNCT
cjfa-28100	112	3	7	7	X
cjfa-28100	112	4	)	)	PUNCT
cjfa-28100	112	5	states	state	VERB
cjfa-28100	112	6	that	that	SCONJ
cjfa-28100	112	7	the	the	DET
cjfa-28100	112	8	current	current	ADJ
cjfa-28100	112	9	value	value	NOUN
cjfa-28100	112	10	of	of	ADP
cjfa-28100	112	11	the	the	DET
cjfa-28100	112	12	current	current	ADJ
cjfa-28100	112	13	return	return	NOUN
cjfa-28100	112	14	variance	variance	NOUN
cjfa-28100	112	15	is	be	AUX
cjfa-28100	112	16	a	a	DET
cjfa-28100	112	17	function	function	NOUN
cjfa-28100	112	18	of	of	ADP
cjfa-28100	112	19	a	a	DET
cjfa-28100	112	20	constant	constant	ADJ
cjfa-28100	112	21	and	and	CCONJ
cjfa-28100	112	22	values	value	NOUN
cjfa-28100	112	23	of	of	ADP
cjfa-28100	112	24	the	the	DET
cjfa-28100	112	25	previous	previous	ADJ
cjfa-28100	112	26	squared	square	VERB
cjfa-28100	112	27	residual	residual	ADJ
cjfa-28100	112	28	from	from	ADP
cjfa-28100	112	29	the	the	DET
cjfa-28100	112	30	mean	mean	ADJ
cjfa-28100	112	31	return	return	NOUN
cjfa-28100	112	32	equation	equation	NOUN
cjfa-28100	112	33	plus	plus	CCONJ
cjfa-28100	112	34	values	value	NOUN
cjfa-28100	112	35	of	of	ADP
cjfa-28100	112	36	the	the	DET
cjfa-28100	112	37	previous	previous	ADJ
cjfa-28100	112	38	return	return	NOUN
cjfa-28100	112	39	variance	variance	NOUN
cjfa-28100	112	40	.	.	PUNCT
cjfa-28100	113	1	the	the	DET
cjfa-28100	113	2	mean	mean	ADJ
cjfa-28100	113	3	return	return	NOUN
cjfa-28100	113	4	equation	equation	NOUN
cjfa-28100	113	5	and	and	CCONJ
cjfa-28100	113	6	the	the	DET
cjfa-28100	113	7	return	return	NOUN
cjfa-28100	113	8	variance	variance	NOUN
cjfa-28100	113	9	garch	garch	NOUN
cjfa-28100	113	10	model	model	NOUN
cjfa-28100	113	11	used	use	VERB
cjfa-28100	113	12	in	in	ADP
cjfa-28100	113	13	this	this	DET
cjfa-28100	113	14	research	research	NOUN
cjfa-28100	113	15	are	be	AUX
cjfa-28100	113	16	as	as	SCONJ
cjfa-28100	113	17	follows	follow	VERB
cjfa-28100	113	18	:	:	PUNCT
cjfa-28100	113	19	�	�	PROPN
cjfa-28100	113	20	�	�	PROPN
cjfa-28100	113	21	�	�	PROPN
cjfa-28100	113	22	�	�	PROPN
cjfa-28100	113	23	�	�	PROPN
cjfa-28100	113	24	�	�	PROPN
cjfa-28100	113	25	�	�	PROPN
cjfa-28100	113	26	+	+	PROPN
cjfa-28100	113	27	�	�	PROPN
cjfa-28100	113	28	�	�	PROPN
cjfa-28100	113	29	�	�	PROPN
cjfa-28100	113	30	�	�	PROPN
cjfa-28100	113	31	�	�	PROPN
cjfa-28100	113	32	�	�	PROPN
cjfa-28100	113	33	�	�	PROPN
cjfa-28100	113	34	�	�	PROPN
cjfa-28100	113	35	�	�	PROPN
cjfa-28100	113	36	�	�	PROPN
cjfa-28100	113	37	+	+	PROPN
cjfa-28100	113	38	�	�	PROPN
cjfa-28100	113	39	�	�	PROPN
cjfa-28100	113	40	�	�	PROPN
cjfa-28100	113	41	�	�	PROPN
cjfa-28100	113	42	mean	mean	VERB
cjfa-28100	113	43	return	return	NOUN
cjfa-28100	113	44	equation	equation	NOUN
cjfa-28100	113	45	for	for	ADP
cjfa-28100	113	46	�	�	PROPN
cjfa-28100	113	47	�	�	PROPN
cjfa-28100	113	48	�	�	PROPN
cjfa-28100	113	49	�	�	PROPN
cjfa-28100	113	50	�	�	PROPN
cjfa-28100	113	51	(	(	PUNCT
cjfa-28100	113	52	8)	8)	NUM
cjfa-28100	113	53	�	�	PROPN
cjfa-28100	113	54	�	�	PROPN
cjfa-28100	113	55	�	�	PROPN
cjfa-28100	113	56	�	�	PROPN
cjfa-28100	113	57	�	�	PROPN
cjfa-28100	113	58	+	+	CCONJ
cjfa-28100	113	59	�	�	PROPN
cjfa-28100	113	60	�	�	PROPN
cjfa-28100	113	61	�	�	PROPN
cjfa-28100	113	62	�	�	PROPN
cjfa-28100	113	63	�	�	PROPN
cjfa-28100	113	64	�	�	PROPN
cjfa-28100	113	65	�	�	PROPN
cjfa-28100	113	66	�	�	PROPN
cjfa-28100	113	67	+	+	PROPN
cjfa-28100	113	68	�	�	PROPN
cjfa-28100	113	69	�	�	PROPN
cjfa-28100	113	70	�	�	PROPN
cjfa-28100	113	71	�	�	PROPN
cjfa-28100	113	72	�	�	PROPN
cjfa-28100	113	73	�	�	PROPN
cjfa-28100	113	74	�	�	PROPN
cjfa-28100	113	75	return	return	NOUN
cjfa-28100	113	76	variance	variance	NOUN
cjfa-28100	113	77	equation	equation	NOUN
cjfa-28100	113	78	garch	garch	NOUN
cjfa-28100	113	79	model	model	NOUN
cjfa-28100	113	80	(	(	PUNCT
cjfa-28100	113	81	9	9	NUM
cjfa-28100	113	82	)	)	PUNCT
cjfa-28100	113	83	where	where	SCONJ
cjfa-28100	113	84	�	�	PROPN
cjfa-28100	113	85	�	�	PROPN
cjfa-28100	113	86	�	�	PROPN
cjfa-28100	113	87	is	be	AUX
cjfa-28100	113	88	the	the	DET
cjfa-28100	113	89	return	return	NOUN
cjfa-28100	113	90	variance	variance	NOUN
cjfa-28100	113	91	(	(	PUNCT
cjfa-28100	113	92	one	one	NUM
cjfa-28100	113	93	–	–	PUNCT
cjfa-28100	113	94	period	period	NOUN
cjfa-28100	113	95	ahead	ahead	ADV
cjfa-28100	113	96	forecast	forecast	NOUN
cjfa-28100	113	97	variance	variance	NOUN
cjfa-28100	113	98	based	base	VERB
cjfa-28100	113	99	on	on	ADP
cjfa-28100	113	100	past	past	ADJ
cjfa-28100	113	101	information	information	NOUN
cjfa-28100	113	102	)	)	PUNCT
cjfa-28100	113	103	of	of	ADP
cjfa-28100	113	104	the	the	DET
cjfa-28100	113	105	error	error	NOUN
cjfa-28100	113	106	term	term	NOUN
cjfa-28100	113	107	from	from	ADP
cjfa-28100	113	108	the	the	DET
cjfa-28100	113	109	mean	mean	ADJ
cjfa-28100	113	110	return	return	NOUN
cjfa-28100	113	111	equations	equation	NOUN
cjfa-28100	113	112	,	,	PUNCT
cjfa-28100	113	113	�	�	PROPN
cjfa-28100	113	114	is	be	AUX
cjfa-28100	113	115	the	the	DET
cjfa-28100	113	116	constant	constant	ADJ
cjfa-28100	113	117	,	,	PUNCT
cjfa-28100	113	118	�	�	PROPN
cjfa-28100	113	119	�	�	PROPN
cjfa-28100	113	120	�	�	PROPN
cjfa-28100	113	121	�	�	PROPN
cjfa-28100	113	122	�	�	PROPN
cjfa-28100	113	123	is	be	AUX
cjfa-28100	113	124	the	the	DET
cjfa-28100	113	125	arch	arch	ADJ
cjfa-28100	113	126	term	term	NOUN
cjfa-28100	113	127	depicting	depict	VERB
cjfa-28100	113	128	the	the	DET
cjfa-28100	113	129	previous	previous	ADJ
cjfa-28100	113	130	period	period	NOUN
cjfa-28100	113	131	squared	square	VERB
cjfa-28100	113	132	error	error	NOUN
cjfa-28100	113	133	term	term	NOUN
cjfa-28100	113	134	from	from	ADP
cjfa-28100	113	135	the	the	DET
cjfa-28100	113	136	mean	mean	ADJ
cjfa-28100	113	137	return	return	NOUN
cjfa-28100	113	138	equations	equation	NOUN
cjfa-28100	113	139	and	and	CCONJ
cjfa-28100	113	140	�	�	PROPN
cjfa-28100	113	141	�	�	PROPN
cjfa-28100	113	142	�	�	PROPN
cjfa-28100	113	143	�	�	PROPN
cjfa-28100	113	144	�	�	PROPN
cjfa-28100	113	145	is	be	AUX
cjfa-28100	113	146	the	the	DET
cjfa-28100	113	147	garch	garch	NOUN
cjfa-28100	113	148	term	term	NOUN
cjfa-28100	113	149	depicting	depict	VERB
cjfa-28100	113	150	the	the	DET
cjfa-28100	113	151	previous	previous	ADJ
cjfa-28100	113	152	period	period	NOUN
cjfa-28100	113	153	return	return	NOUN
cjfa-28100	113	154	variance	variance	NOUN
cjfa-28100	113	155	.	.	PUNCT
cjfa-28100	114	1	the	the	DET
cjfa-28100	114	2	garch	garch	NOUN
cjfa-28100	114	3	model	model	NOUN
cjfa-28100	114	4	implies	imply	VERB
cjfa-28100	114	5	that	that	SCONJ
cjfa-28100	114	6	the	the	DET
cjfa-28100	114	7	current	current	ADJ
cjfa-28100	114	8	value	value	NOUN
cjfa-28100	114	9	of	of	ADP
cjfa-28100	114	10	the	the	DET
cjfa-28100	114	11	return	return	NOUN
cjfa-28100	114	12	variance	variance	NOUN
cjfa-28100	114	13	is	be	AUX
cjfa-28100	114	14	a	a	DET
cjfa-28100	114	15	function	function	NOUN
cjfa-28100	114	16	of	of	ADP
cjfa-28100	114	17	a	a	DET
cjfa-28100	114	18	constant	constant	ADJ
cjfa-28100	114	19	and	and	CCONJ
cjfa-28100	114	20	values	value	NOUN
cjfa-28100	114	21	of	of	ADP
cjfa-28100	114	22	the	the	DET
cjfa-28100	114	23	squared	square	VERB
cjfa-28100	114	24	residual	residual	NOUN
cjfa-28100	114	25	from	from	ADP
cjfa-28100	114	26	the	the	DET
cjfa-28100	114	27	mean	mean	ADJ
cjfa-28100	114	28	return	return	NOUN
cjfa-28100	114	29	equation	equation	NOUN
cjfa-28100	114	30	plus	plus	CCONJ
cjfa-28100	114	31	values	value	NOUN
cjfa-28100	114	32	of	of	ADP
cjfa-28100	114	33	the	the	DET
cjfa-28100	114	34	previous	previous	ADJ
cjfa-28100	114	35	return	return	NOUN
cjfa-28100	114	36	variance	variance	NOUN
cjfa-28100	114	37	.	.	PUNCT
cjfa-28100	115	1	volatility	volatility	NOUN
cjfa-28100	115	2	clustering	clustering	NOUN
cjfa-28100	115	3	means	mean	VERB
cjfa-28100	115	4	that	that	SCONJ
cjfa-28100	115	5	period	period	NOUN
cjfa-28100	115	6	of	of	ADP
cjfa-28100	115	7	high	high	ADJ
cjfa-28100	115	8	volatility	volatility	NOUN
cjfa-28100	115	9	will	will	AUX
cjfa-28100	115	10	give	give	VERB
cjfa-28100	115	11	way	way	NOUN
cjfa-28100	115	12	to	to	ADP
cjfa-28100	115	13	normal	normal	ADJ
cjfa-28100	115	14	(	(	PUNCT
cjfa-28100	115	15	low	low	ADJ
cjfa-28100	115	16	)	)	PUNCT
cjfa-28100	115	17	volatility	volatility	NOUN
cjfa-28100	115	18	and	and	CCONJ
cjfa-28100	115	19	period	period	NOUN
cjfa-28100	115	20	of	of	ADP
cjfa-28100	115	21	low	low	ADJ
cjfa-28100	115	22	volatility	volatility	NOUN
cjfa-28100	115	23	will	will	AUX
cjfa-28100	115	24	be	be	AUX
cjfa-28100	115	25	followed	follow	VERB
cjfa-28100	115	26	by	by	ADP
cjfa-28100	115	27	high	high	ADJ
cjfa-28100	115	28	volatility	volatility	NOUN
cjfa-28100	115	29	which	which	PRON
cjfa-28100	115	30	implies	imply	VERB
cjfa-28100	115	31	that	that	SCONJ
cjfa-28100	115	32	volatility	volatility	NOUN
cjfa-28100	115	33	come	come	VERB
cjfa-28100	115	34	and	and	CCONJ
cjfa-28100	115	35	go	go	VERB
cjfa-28100	115	36	.	.	PUNCT
cjfa-28100	116	1	mean	mean	VERB
cjfa-28100	116	2	reversion	reversion	NOUN
cjfa-28100	116	3	in	in	ADP
cjfa-28100	116	4	volatility	volatility	NOUN
cjfa-28100	116	5	implies	imply	VERB
cjfa-28100	116	6	that	that	SCONJ
cjfa-28100	116	7	there	there	PRON
cjfa-28100	116	8	is	be	VERB
cjfa-28100	116	9	a	a	DET
cjfa-28100	116	10	normal	normal	ADJ
cjfa-28100	116	11	level	level	NOUN
cjfa-28100	116	12	of	of	ADP
cjfa-28100	116	13	volatility	volatility	NOUN
cjfa-28100	116	14	to	to	PART
cjfa-28100	116	15	which	which	PRON
cjfa-28100	116	16	volatility	volatility	NOUN
cjfa-28100	116	17	will	will	AUX
cjfa-28100	116	18	eventually	eventually	ADV
cjfa-28100	116	19	return	return	VERB
cjfa-28100	116	20	.	.	PUNCT
cjfa-28100	117	1	long	long	ADJ
cjfa-28100	117	2	run	run	VERB
cjfa-28100	117	3	forecasts	forecast	NOUN
cjfa-28100	117	4	of	of	ADP
cjfa-28100	117	5	volatility	volatility	NOUN
cjfa-28100	117	6	converge	converge	VERB
cjfa-28100	117	7	to	to	ADP
cjfa-28100	117	8	the	the	DET
cjfa-28100	117	9	same	same	ADJ
cjfa-28100	117	10	normal	normal	ADJ
cjfa-28100	117	11	level	level	NOUN
cjfa-28100	117	12	of	of	ADP
cjfa-28100	117	13	volatility	volatility	NOUN
cjfa-28100	117	14	,	,	PUNCT
cjfa-28100	117	15	no	no	ADV
cjfa-28100	117	16	matter	matter	ADV
cjfa-28100	117	17	when	when	SCONJ
cjfa-28100	117	18	they	they	PRON
cjfa-28100	117	19	are	be	AUX
cjfa-28100	117	20	made	make	VERB
cjfa-28100	117	21	(	(	PUNCT
cjfa-28100	117	22	engle	engle	PROPN
cjfa-28100	117	23	&	&	CCONJ
cjfa-28100	117	24	patton	patton	PROPN
cjfa-28100	117	25	,	,	PUNCT
cjfa-28100	117	26	2001	2001	NUM
cjfa-28100	117	27	)	)	PUNCT
cjfa-28100	117	28	.	.	PUNCT
cjfa-28100	118	1	the	the	DET
cjfa-28100	118	2	mean	mean	ADJ
cjfa-28100	118	3	reverting	revert	VERB
cjfa-28100	118	4	form	form	NOUN
cjfa-28100	118	5	of	of	ADP
cjfa-28100	118	6	the	the	DET
cjfa-28100	118	7	garch	garch	NOUN
cjfa-28100	118	8	model	model	NOUN
cjfa-28100	118	9	is	be	AUX
cjfa-28100	118	10	given	give	VERB
cjfa-28100	118	11	as	as	ADP
cjfa-28100	118	12	:	:	PUNCT
cjfa-28100	118	13	mean	mean	VERB
cjfa-28100	118	14	return	return	NOUN
cjfa-28100	118	15	equation	equation	NOUN
cjfa-28100	118	16	for	for	ADP
cjfa-28100	118	17	(	(	PUNCT
cjfa-28100	118	18	8)	8)	NUM
cjfa-28100	118	19	auto	auto	NOUN
cjfa-28100	118	20	-	-	PUNCT
cjfa-28100	118	21	regressive	regressive	ADJ
cjfa-28100	118	22	conditional	conditional	ADJ
cjfa-28100	118	23	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	118	24	(	(	PUNCT
cjfa-28100	118	25	arch	arch	ADJ
cjfa-28100	118	26	)	)	PUNCT
cjfa-28100	118	27	effect	effect	NOUN
cjfa-28100	118	28	,	,	PUNCT
cjfa-28100	118	29	asymmetry	asymmetry	NOUN
cjfa-28100	118	30	and	and	CCONJ
cjfa-28100	118	31	other	other	ADJ
cjfa-28100	118	32	related	related	ADJ
cjfa-28100	118	33	attributes	attribute	NOUN
cjfa-28100	118	34	in	in	ADP
cjfa-28100	118	35	the	the	DET
cjfa-28100	118	36	series	series	NOUN
cjfa-28100	118	37	(	(	PUNCT
cjfa-28100	118	38	engle	engle	PROPN
cjfa-28100	118	39	,	,	PUNCT
cjfa-28100	118	40	1982	1982	NUM
cjfa-28100	118	41	)	)	PUNCT
cjfa-28100	118	42	.	.	PUNCT
cjfa-28100	119	1	model	model	NOUN
cjfa-28100	119	2	specification	specification	NOUN
cjfa-28100	119	3	the	the	DET
cjfa-28100	119	4	garch	garch	NOUN
cjfa-28100	119	5	model	model	NOUN
cjfa-28100	119	6	derived	derive	VERB
cjfa-28100	119	7	by	by	ADP
cjfa-28100	119	8	bollerslev	bollerslev	ADJ
cjfa-28100	119	9	(	(	PUNCT
cjfa-28100	119	10	1986	1986	NUM
cjfa-28100	119	11	)	)	PUNCT
cjfa-28100	119	12	replaced	replace	VERB
cjfa-28100	119	13	the	the	DET
cjfa-28100	119	14	auto	auto	NOUN
cjfa-28100	119	15	-	-	PUNCT
cjfa-28100	119	16	regressive	regressive	ADJ
cjfa-28100	119	17	moving	move	VERB
cjfa-28100	119	18	average	average	NOUN
cjfa-28100	119	19	[	[	X
cjfa-28100	119	20	arma(p	arma(p	NOUN
cjfa-28100	119	21	)	)	PUNCT
cjfa-28100	119	22	]	]	PUNCT
cjfa-28100	119	23	was	be	AUX
cjfa-28100	119	24	given	give	VERB
cjfa-28100	119	25	as	as	ADP
cjfa-28100	119	26	:	:	PUNCT
cjfa-28100	119	27	�	�	PROPN
cjfa-28100	119	28	�	�	PROPN
cjfa-28100	119	29	�	�	PROPN
cjfa-28100	119	30	�	�	PROPN
cjfa-28100	119	31	�	�	PROPN
cjfa-28100	119	32	+	+	PROPN
cjfa-28100	119	33	�	�	PROPN
cjfa-28100	119	34	∑	∑	PROPN
cjfa-28100	119	35	�	�	PROPN
cjfa-28100	119	36	�	�	PROPN
cjfa-28100	119	37	�	�	PROPN
cjfa-28100	119	38	�	�	PROPN
cjfa-28100	119	39	�	�	PROPN
cjfa-28100	119	40	�	�	PROPN
cjfa-28100	119	41	�	�	PROPN
cjfa-28100	119	42	�	�	PROPN
cjfa-28100	119	43	�	�	PROPN
cjfa-28100	119	44	�	�	PROPN
cjfa-28100	119	45	+	+	CCONJ
cjfa-28100	119	46	∑	∑	PROPN
cjfa-28100	119	47	�	�	PROPN
cjfa-28100	119	48	�	�	PROPN
cjfa-28100	119	49	�	�	PROPN
cjfa-28100	119	50	�	�	PROPN
cjfa-28100	119	51	�	�	PROPN
cjfa-28100	119	52	�	�	PROPN
cjfa-28100	119	53	�	�	PROPN
cjfa-28100	119	54	�	�	PROPN
cjfa-28100	119	55	�	�	PROPN
cjfa-28100	119	56	�	�	PROPN
cjfa-28100	119	57	(	(	PUNCT
cjfa-28100	119	58	7	7	NUM
cjfa-28100	119	59	)	)	PUNCT
cjfa-28100	119	60	where	where	SCONJ
cjfa-28100	119	61	�	�	PROPN
cjfa-28100	119	62	,	,	PUNCT
cjfa-28100	119	63	�	�	PROPN
cjfa-28100	119	64	>	>	X
cjfa-28100	119	65	0	0	PUNCT
cjfa-28100	120	1	and	and	CCONJ
cjfa-28100	120	2	(	(	PUNCT
cjfa-28100	120	3	�	�	PROPN
cjfa-28100	120	4	+	+	CCONJ
cjfa-28100	120	5	�	�	PROPN
cjfa-28100	120	6	)	)	PUNCT
cjfa-28100	120	7	<	<	X
cjfa-28100	120	8	1	1	NUM
cjfa-28100	120	9	is	be	AUX
cjfa-28100	120	10	to	to	PART
cjfa-28100	120	11	avoid	avoid	VERB
cjfa-28100	120	12	the	the	DET
cjfa-28100	120	13	possibility	possibility	NOUN
cjfa-28100	120	14	of	of	ADP
cjfa-28100	120	15	negative	negative	ADJ
cjfa-28100	120	16	conditional	conditional	ADJ
cjfa-28100	120	17	variance	variance	NOUN
cjfa-28100	120	18	.	.	PUNCT
cjfa-28100	121	1	equation	equation	NOUN
cjfa-28100	121	2	(	(	PUNCT
cjfa-28100	121	3	7	7	X
cjfa-28100	121	4	)	)	PUNCT
cjfa-28100	121	5	states	state	VERB
cjfa-28100	121	6	that	that	SCONJ
cjfa-28100	121	7	the	the	DET
cjfa-28100	121	8	current	current	ADJ
cjfa-28100	121	9	value	value	NOUN
cjfa-28100	121	10	of	of	ADP
cjfa-28100	121	11	the	the	DET
cjfa-28100	121	12	current	current	ADJ
cjfa-28100	121	13	return	return	NOUN
cjfa-28100	121	14	variance	variance	NOUN
cjfa-28100	121	15	is	be	AUX
cjfa-28100	121	16	a	a	DET
cjfa-28100	121	17	function	function	NOUN
cjfa-28100	121	18	of	of	ADP
cjfa-28100	121	19	a	a	DET
cjfa-28100	121	20	constant	constant	ADJ
cjfa-28100	121	21	and	and	CCONJ
cjfa-28100	121	22	values	value	NOUN
cjfa-28100	121	23	of	of	ADP
cjfa-28100	121	24	the	the	DET
cjfa-28100	121	25	previous	previous	ADJ
cjfa-28100	121	26	squared	square	VERB
cjfa-28100	121	27	residual	residual	ADJ
cjfa-28100	121	28	from	from	ADP
cjfa-28100	121	29	the	the	DET
cjfa-28100	121	30	mean	mean	ADJ
cjfa-28100	121	31	return	return	NOUN
cjfa-28100	121	32	equation	equation	NOUN
cjfa-28100	121	33	plus	plus	CCONJ
cjfa-28100	121	34	values	value	NOUN
cjfa-28100	121	35	of	of	ADP
cjfa-28100	121	36	the	the	DET
cjfa-28100	121	37	previous	previous	ADJ
cjfa-28100	121	38	return	return	NOUN
cjfa-28100	121	39	variance	variance	NOUN
cjfa-28100	121	40	.	.	PUNCT
cjfa-28100	122	1	the	the	DET
cjfa-28100	122	2	mean	mean	ADJ
cjfa-28100	122	3	return	return	NOUN
cjfa-28100	122	4	equation	equation	NOUN
cjfa-28100	122	5	and	and	CCONJ
cjfa-28100	122	6	the	the	DET
cjfa-28100	122	7	return	return	NOUN
cjfa-28100	122	8	variance	variance	NOUN
cjfa-28100	122	9	garch	garch	NOUN
cjfa-28100	122	10	model	model	NOUN
cjfa-28100	122	11	used	use	VERB
cjfa-28100	122	12	in	in	ADP
cjfa-28100	122	13	this	this	DET
cjfa-28100	122	14	research	research	NOUN
cjfa-28100	122	15	are	be	AUX
cjfa-28100	122	16	as	as	SCONJ
cjfa-28100	122	17	follows	follow	VERB
cjfa-28100	122	18	:	:	PUNCT
cjfa-28100	122	19	�	�	PROPN
cjfa-28100	122	20	�	�	PROPN
cjfa-28100	122	21	�	�	PROPN
cjfa-28100	122	22	�	�	PROPN
cjfa-28100	122	23	�	�	PROPN
cjfa-28100	122	24	�	�	PROPN
cjfa-28100	122	25	�	�	PROPN
cjfa-28100	122	26	+	+	PROPN
cjfa-28100	122	27	�	�	PROPN
cjfa-28100	122	28	�	�	PROPN
cjfa-28100	122	29	�	�	PROPN
cjfa-28100	122	30	�	�	PROPN
cjfa-28100	122	31	�	�	PROPN
cjfa-28100	122	32	�	�	PROPN
cjfa-28100	122	33	�	�	PROPN
cjfa-28100	122	34	�	�	PROPN
cjfa-28100	122	35	�	�	PROPN
cjfa-28100	122	36	�	�	PROPN
cjfa-28100	122	37	+	+	PROPN
cjfa-28100	122	38	�	�	PROPN
cjfa-28100	122	39	�	�	PROPN
cjfa-28100	122	40	�	�	PROPN
cjfa-28100	122	41	�	�	PROPN
cjfa-28100	122	42	mean	mean	VERB
cjfa-28100	122	43	return	return	NOUN
cjfa-28100	122	44	equation	equation	NOUN
cjfa-28100	122	45	for	for	ADP
cjfa-28100	122	46	�	�	PROPN
cjfa-28100	122	47	�	�	PROPN
cjfa-28100	122	48	�	�	PROPN
cjfa-28100	122	49	�	�	PROPN
cjfa-28100	122	50	�	�	PROPN
cjfa-28100	122	51	(	(	PUNCT
cjfa-28100	122	52	8)	8)	NUM
cjfa-28100	122	53	�	�	PROPN
cjfa-28100	122	54	�	�	PROPN
cjfa-28100	122	55	�	�	PROPN
cjfa-28100	122	56	�	�	PROPN
cjfa-28100	122	57	�	�	PROPN
cjfa-28100	122	58	+	+	CCONJ
cjfa-28100	122	59	�	�	PROPN
cjfa-28100	122	60	�	�	PROPN
cjfa-28100	122	61	�	�	PROPN
cjfa-28100	122	62	�	�	PROPN
cjfa-28100	122	63	�	�	PROPN
cjfa-28100	122	64	�	�	PROPN
cjfa-28100	122	65	�	�	PROPN
cjfa-28100	122	66	�	�	PROPN
cjfa-28100	122	67	+	+	PROPN
cjfa-28100	122	68	�	�	PROPN
cjfa-28100	122	69	�	�	PROPN
cjfa-28100	122	70	�	�	PROPN
cjfa-28100	122	71	�	�	PROPN
cjfa-28100	122	72	�	�	PROPN
cjfa-28100	122	73	�	�	PROPN
cjfa-28100	122	74	�	�	PROPN
cjfa-28100	122	75	return	return	NOUN
cjfa-28100	122	76	variance	variance	NOUN
cjfa-28100	122	77	equation	equation	NOUN
cjfa-28100	122	78	garch	garch	NOUN
cjfa-28100	122	79	model	model	NOUN
cjfa-28100	122	80	(	(	PUNCT
cjfa-28100	122	81	9	9	NUM
cjfa-28100	122	82	)	)	PUNCT
cjfa-28100	122	83	where	where	SCONJ
cjfa-28100	122	84	�	�	PROPN
cjfa-28100	122	85	�	�	PROPN
cjfa-28100	122	86	�	�	PROPN
cjfa-28100	122	87	is	be	AUX
cjfa-28100	122	88	the	the	DET
cjfa-28100	122	89	return	return	NOUN
cjfa-28100	122	90	variance	variance	NOUN
cjfa-28100	122	91	(	(	PUNCT
cjfa-28100	122	92	one	one	NUM
cjfa-28100	122	93	–	–	PUNCT
cjfa-28100	122	94	period	period	NOUN
cjfa-28100	122	95	ahead	ahead	ADV
cjfa-28100	122	96	forecast	forecast	NOUN
cjfa-28100	122	97	variance	variance	NOUN
cjfa-28100	122	98	based	base	VERB
cjfa-28100	122	99	on	on	ADP
cjfa-28100	122	100	past	past	ADJ
cjfa-28100	122	101	information	information	NOUN
cjfa-28100	122	102	)	)	PUNCT
cjfa-28100	122	103	of	of	ADP
cjfa-28100	122	104	the	the	DET
cjfa-28100	122	105	error	error	NOUN
cjfa-28100	122	106	term	term	NOUN
cjfa-28100	122	107	from	from	ADP
cjfa-28100	122	108	the	the	DET
cjfa-28100	122	109	mean	mean	ADJ
cjfa-28100	122	110	return	return	NOUN
cjfa-28100	122	111	equations	equation	NOUN
cjfa-28100	122	112	,	,	PUNCT
cjfa-28100	122	113	�	�	PROPN
cjfa-28100	122	114	is	be	AUX
cjfa-28100	122	115	the	the	DET
cjfa-28100	122	116	constant	constant	ADJ
cjfa-28100	122	117	,	,	PUNCT
cjfa-28100	122	118	�	�	PROPN
cjfa-28100	122	119	�	�	PROPN
cjfa-28100	122	120	�	�	PROPN
cjfa-28100	122	121	�	�	PROPN
cjfa-28100	122	122	�	�	PROPN
cjfa-28100	122	123	is	be	AUX
cjfa-28100	122	124	the	the	DET
cjfa-28100	122	125	arch	arch	ADJ
cjfa-28100	122	126	term	term	NOUN
cjfa-28100	122	127	depicting	depict	VERB
cjfa-28100	122	128	the	the	DET
cjfa-28100	122	129	previous	previous	ADJ
cjfa-28100	122	130	period	period	NOUN
cjfa-28100	122	131	squared	square	VERB
cjfa-28100	122	132	error	error	NOUN
cjfa-28100	122	133	term	term	NOUN
cjfa-28100	122	134	from	from	ADP
cjfa-28100	122	135	the	the	DET
cjfa-28100	122	136	mean	mean	ADJ
cjfa-28100	122	137	return	return	NOUN
cjfa-28100	122	138	equations	equation	NOUN
cjfa-28100	122	139	and	and	CCONJ
cjfa-28100	122	140	�	�	PROPN
cjfa-28100	122	141	�	�	PROPN
cjfa-28100	122	142	�	�	PROPN
cjfa-28100	122	143	�	�	PROPN
cjfa-28100	122	144	�	�	PROPN
cjfa-28100	122	145	is	be	AUX
cjfa-28100	122	146	the	the	DET
cjfa-28100	122	147	garch	garch	NOUN
cjfa-28100	122	148	term	term	NOUN
cjfa-28100	122	149	depicting	depict	VERB
cjfa-28100	122	150	the	the	DET
cjfa-28100	122	151	previous	previous	ADJ
cjfa-28100	122	152	period	period	NOUN
cjfa-28100	122	153	return	return	NOUN
cjfa-28100	122	154	variance	variance	NOUN
cjfa-28100	122	155	.	.	PUNCT
cjfa-28100	123	1	the	the	DET
cjfa-28100	123	2	garch	garch	NOUN
cjfa-28100	123	3	model	model	NOUN
cjfa-28100	123	4	implies	imply	VERB
cjfa-28100	123	5	that	that	SCONJ
cjfa-28100	123	6	the	the	DET
cjfa-28100	123	7	current	current	ADJ
cjfa-28100	123	8	value	value	NOUN
cjfa-28100	123	9	of	of	ADP
cjfa-28100	123	10	the	the	DET
cjfa-28100	123	11	return	return	NOUN
cjfa-28100	123	12	variance	variance	NOUN
cjfa-28100	123	13	is	be	AUX
cjfa-28100	123	14	a	a	DET
cjfa-28100	123	15	function	function	NOUN
cjfa-28100	123	16	of	of	ADP
cjfa-28100	123	17	a	a	DET
cjfa-28100	123	18	constant	constant	ADJ
cjfa-28100	123	19	and	and	CCONJ
cjfa-28100	123	20	values	value	NOUN
cjfa-28100	123	21	of	of	ADP
cjfa-28100	123	22	the	the	DET
cjfa-28100	123	23	squared	square	VERB
cjfa-28100	123	24	residual	residual	NOUN
cjfa-28100	123	25	from	from	ADP
cjfa-28100	123	26	the	the	DET
cjfa-28100	123	27	mean	mean	ADJ
cjfa-28100	123	28	return	return	NOUN
cjfa-28100	123	29	equation	equation	NOUN
cjfa-28100	123	30	plus	plus	CCONJ
cjfa-28100	123	31	values	value	NOUN
cjfa-28100	123	32	of	of	ADP
cjfa-28100	123	33	the	the	DET
cjfa-28100	123	34	previous	previous	ADJ
cjfa-28100	123	35	return	return	NOUN
cjfa-28100	123	36	variance	variance	NOUN
cjfa-28100	123	37	.	.	PUNCT
cjfa-28100	124	1	volatility	volatility	NOUN
cjfa-28100	124	2	clustering	clustering	NOUN
cjfa-28100	124	3	means	mean	VERB
cjfa-28100	124	4	that	that	SCONJ
cjfa-28100	124	5	period	period	NOUN
cjfa-28100	124	6	of	of	ADP
cjfa-28100	124	7	high	high	ADJ
cjfa-28100	124	8	volatility	volatility	NOUN
cjfa-28100	124	9	will	will	AUX
cjfa-28100	124	10	give	give	VERB
cjfa-28100	124	11	way	way	NOUN
cjfa-28100	124	12	to	to	ADP
cjfa-28100	124	13	normal	normal	ADJ
cjfa-28100	124	14	(	(	PUNCT
cjfa-28100	124	15	low	low	ADJ
cjfa-28100	124	16	)	)	PUNCT
cjfa-28100	124	17	volatility	volatility	NOUN
cjfa-28100	124	18	and	and	CCONJ
cjfa-28100	124	19	period	period	NOUN
cjfa-28100	124	20	of	of	ADP
cjfa-28100	124	21	low	low	ADJ
cjfa-28100	124	22	volatility	volatility	NOUN
cjfa-28100	124	23	will	will	AUX
cjfa-28100	124	24	be	be	AUX
cjfa-28100	124	25	followed	follow	VERB
cjfa-28100	124	26	by	by	ADP
cjfa-28100	124	27	high	high	ADJ
cjfa-28100	124	28	volatility	volatility	NOUN
cjfa-28100	124	29	which	which	PRON
cjfa-28100	124	30	implies	imply	VERB
cjfa-28100	124	31	that	that	SCONJ
cjfa-28100	124	32	volatility	volatility	NOUN
cjfa-28100	124	33	come	come	VERB
cjfa-28100	124	34	and	and	CCONJ
cjfa-28100	124	35	go	go	VERB
cjfa-28100	124	36	.	.	PUNCT
cjfa-28100	125	1	mean	mean	VERB
cjfa-28100	125	2	reversion	reversion	NOUN
cjfa-28100	125	3	in	in	ADP
cjfa-28100	125	4	volatility	volatility	NOUN
cjfa-28100	125	5	implies	imply	VERB
cjfa-28100	125	6	that	that	SCONJ
cjfa-28100	125	7	there	there	PRON
cjfa-28100	125	8	is	be	VERB
cjfa-28100	125	9	a	a	DET
cjfa-28100	125	10	normal	normal	ADJ
cjfa-28100	125	11	level	level	NOUN
cjfa-28100	125	12	of	of	ADP
cjfa-28100	125	13	volatility	volatility	NOUN
cjfa-28100	125	14	to	to	PART
cjfa-28100	125	15	which	which	PRON
cjfa-28100	125	16	volatility	volatility	NOUN
cjfa-28100	125	17	will	will	AUX
cjfa-28100	125	18	eventually	eventually	ADV
cjfa-28100	125	19	return	return	VERB
cjfa-28100	125	20	.	.	PUNCT
cjfa-28100	126	1	long	long	ADJ
cjfa-28100	126	2	run	run	VERB
cjfa-28100	126	3	forecasts	forecast	NOUN
cjfa-28100	126	4	of	of	ADP
cjfa-28100	126	5	volatility	volatility	NOUN
cjfa-28100	126	6	converge	converge	VERB
cjfa-28100	126	7	to	to	ADP
cjfa-28100	126	8	the	the	DET
cjfa-28100	126	9	same	same	ADJ
cjfa-28100	126	10	normal	normal	ADJ
cjfa-28100	126	11	level	level	NOUN
cjfa-28100	126	12	of	of	ADP
cjfa-28100	126	13	volatility	volatility	NOUN
cjfa-28100	126	14	,	,	PUNCT
cjfa-28100	126	15	no	no	ADV
cjfa-28100	126	16	matter	matter	ADV
cjfa-28100	126	17	when	when	SCONJ
cjfa-28100	126	18	they	they	PRON
cjfa-28100	126	19	are	be	AUX
cjfa-28100	126	20	made	make	VERB
cjfa-28100	126	21	(	(	PUNCT
cjfa-28100	126	22	engle	engle	PROPN
cjfa-28100	126	23	&	&	CCONJ
cjfa-28100	126	24	patton	patton	PROPN
cjfa-28100	126	25	,	,	PUNCT
cjfa-28100	126	26	2001	2001	NUM
cjfa-28100	126	27	)	)	PUNCT
cjfa-28100	126	28	.	.	PUNCT
cjfa-28100	127	1	the	the	DET
cjfa-28100	127	2	mean	mean	ADJ
cjfa-28100	127	3	reverting	revert	VERB
cjfa-28100	127	4	form	form	NOUN
cjfa-28100	127	5	of	of	ADP
cjfa-28100	127	6	the	the	DET
cjfa-28100	127	7	garch	garch	NOUN
cjfa-28100	127	8	model	model	NOUN
cjfa-28100	127	9	is	be	AUX
cjfa-28100	127	10	given	give	VERB
cjfa-28100	127	11	as	as	ADP
cjfa-28100	127	12	:	:	PUNCT
cjfa-28100	127	13	return	return	NOUN
cjfa-28100	127	14	variance	variance	NOUN
cjfa-28100	127	15	equation	equation	NOUN
cjfa-28100	127	16	garch	garch	NOUN
cjfa-28100	127	17	model	model	NOUN
cjfa-28100	127	18	(	(	PUNCT
cjfa-28100	127	19	9	9	NUM
cjfa-28100	127	20	)	)	PUNCT
cjfa-28100	127	21	where	where	SCONJ
cjfa-28100	127	22	auto	auto	NOUN
cjfa-28100	127	23	-	-	PUNCT
cjfa-28100	127	24	regressive	regressive	ADJ
cjfa-28100	127	25	conditional	conditional	ADJ
cjfa-28100	127	26	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	127	27	(	(	PUNCT
cjfa-28100	127	28	arch	arch	ADJ
cjfa-28100	127	29	)	)	PUNCT
cjfa-28100	127	30	effect	effect	NOUN
cjfa-28100	127	31	,	,	PUNCT
cjfa-28100	127	32	asymmetry	asymmetry	NOUN
cjfa-28100	127	33	and	and	CCONJ
cjfa-28100	127	34	other	other	ADJ
cjfa-28100	127	35	related	related	ADJ
cjfa-28100	127	36	attributes	attribute	NOUN
cjfa-28100	127	37	in	in	ADP
cjfa-28100	127	38	the	the	DET
cjfa-28100	127	39	series	series	NOUN
cjfa-28100	127	40	(	(	PUNCT
cjfa-28100	127	41	engle	engle	PROPN
cjfa-28100	127	42	,	,	PUNCT
cjfa-28100	127	43	1982	1982	NUM
cjfa-28100	127	44	)	)	PUNCT
cjfa-28100	127	45	.	.	PUNCT
cjfa-28100	128	1	model	model	NOUN
cjfa-28100	128	2	specification	specification	NOUN
cjfa-28100	128	3	the	the	DET
cjfa-28100	128	4	garch	garch	NOUN
cjfa-28100	128	5	model	model	NOUN
cjfa-28100	128	6	derived	derive	VERB
cjfa-28100	128	7	by	by	ADP
cjfa-28100	128	8	bollerslev	bollerslev	ADJ
cjfa-28100	128	9	(	(	PUNCT
cjfa-28100	128	10	1986	1986	NUM
cjfa-28100	128	11	)	)	PUNCT
cjfa-28100	128	12	replaced	replace	VERB
cjfa-28100	128	13	the	the	DET
cjfa-28100	128	14	auto	auto	NOUN
cjfa-28100	128	15	-	-	PUNCT
cjfa-28100	128	16	regressive	regressive	ADJ
cjfa-28100	128	17	moving	move	VERB
cjfa-28100	128	18	average	average	NOUN
cjfa-28100	128	19	[	[	X
cjfa-28100	128	20	arma(p	arma(p	NOUN
cjfa-28100	128	21	)	)	PUNCT
cjfa-28100	128	22	]	]	PUNCT
cjfa-28100	128	23	was	be	AUX
cjfa-28100	128	24	given	give	VERB
cjfa-28100	128	25	as	as	ADP
cjfa-28100	128	26	:	:	PUNCT
cjfa-28100	128	27	�	�	PROPN
cjfa-28100	128	28	�	�	PROPN
cjfa-28100	128	29	�	�	PROPN
cjfa-28100	128	30	�	�	PROPN
cjfa-28100	128	31	�	�	PROPN
cjfa-28100	128	32	+	+	PROPN
cjfa-28100	128	33	�	�	PROPN
cjfa-28100	128	34	∑	∑	PROPN
cjfa-28100	128	35	�	�	PROPN
cjfa-28100	128	36	�	�	PROPN
cjfa-28100	128	37	�	�	PROPN
cjfa-28100	128	38	�	�	PROPN
cjfa-28100	128	39	�	�	PROPN
cjfa-28100	128	40	�	�	PROPN
cjfa-28100	128	41	�	�	PROPN
cjfa-28100	128	42	�	�	PROPN
cjfa-28100	128	43	�	�	PROPN
cjfa-28100	128	44	�	�	PROPN
cjfa-28100	128	45	+	+	CCONJ
cjfa-28100	128	46	∑	∑	PROPN
cjfa-28100	128	47	�	�	PROPN
cjfa-28100	128	48	�	�	PROPN
cjfa-28100	128	49	�	�	PROPN
cjfa-28100	128	50	�	�	PROPN
cjfa-28100	128	51	�	�	PROPN
cjfa-28100	128	52	�	�	PROPN
cjfa-28100	128	53	�	�	PROPN
cjfa-28100	128	54	�	�	PROPN
cjfa-28100	128	55	�	�	PROPN
cjfa-28100	128	56	�	�	PROPN
cjfa-28100	128	57	(	(	PUNCT
cjfa-28100	128	58	7	7	NUM
cjfa-28100	128	59	)	)	PUNCT
cjfa-28100	128	60	where	where	SCONJ
cjfa-28100	128	61	�	�	PROPN
cjfa-28100	128	62	,	,	PUNCT
cjfa-28100	128	63	�	�	PROPN
cjfa-28100	128	64	>	>	X
cjfa-28100	128	65	0	0	PUNCT
cjfa-28100	129	1	and	and	CCONJ
cjfa-28100	129	2	(	(	PUNCT
cjfa-28100	129	3	�	�	PROPN
cjfa-28100	129	4	+	+	CCONJ
cjfa-28100	129	5	�	�	PROPN
cjfa-28100	129	6	)	)	PUNCT
cjfa-28100	129	7	<	<	X
cjfa-28100	129	8	1	1	NUM
cjfa-28100	129	9	is	be	AUX
cjfa-28100	129	10	to	to	PART
cjfa-28100	129	11	avoid	avoid	VERB
cjfa-28100	129	12	the	the	DET
cjfa-28100	129	13	possibility	possibility	NOUN
cjfa-28100	129	14	of	of	ADP
cjfa-28100	129	15	negative	negative	ADJ
cjfa-28100	129	16	conditional	conditional	ADJ
cjfa-28100	129	17	variance	variance	NOUN
cjfa-28100	129	18	.	.	PUNCT
cjfa-28100	130	1	equation	equation	NOUN
cjfa-28100	130	2	(	(	PUNCT
cjfa-28100	130	3	7	7	X
cjfa-28100	130	4	)	)	PUNCT
cjfa-28100	130	5	states	state	VERB
cjfa-28100	130	6	that	that	SCONJ
cjfa-28100	130	7	the	the	DET
cjfa-28100	130	8	current	current	ADJ
cjfa-28100	130	9	value	value	NOUN
cjfa-28100	130	10	of	of	ADP
cjfa-28100	130	11	the	the	DET
cjfa-28100	130	12	current	current	ADJ
cjfa-28100	130	13	return	return	NOUN
cjfa-28100	130	14	variance	variance	NOUN
cjfa-28100	130	15	is	be	AUX
cjfa-28100	130	16	a	a	DET
cjfa-28100	130	17	function	function	NOUN
cjfa-28100	130	18	of	of	ADP
cjfa-28100	130	19	a	a	DET
cjfa-28100	130	20	constant	constant	ADJ
cjfa-28100	130	21	and	and	CCONJ
cjfa-28100	130	22	values	value	NOUN
cjfa-28100	130	23	of	of	ADP
cjfa-28100	130	24	the	the	DET
cjfa-28100	130	25	previous	previous	ADJ
cjfa-28100	130	26	squared	square	VERB
cjfa-28100	130	27	residual	residual	ADJ
cjfa-28100	130	28	from	from	ADP
cjfa-28100	130	29	the	the	DET
cjfa-28100	130	30	mean	mean	ADJ
cjfa-28100	130	31	return	return	NOUN
cjfa-28100	130	32	equation	equation	NOUN
cjfa-28100	130	33	plus	plus	CCONJ
cjfa-28100	130	34	values	value	NOUN
cjfa-28100	130	35	of	of	ADP
cjfa-28100	130	36	the	the	DET
cjfa-28100	130	37	previous	previous	ADJ
cjfa-28100	130	38	return	return	NOUN
cjfa-28100	130	39	variance	variance	NOUN
cjfa-28100	130	40	.	.	PUNCT
cjfa-28100	131	1	the	the	DET
cjfa-28100	131	2	mean	mean	ADJ
cjfa-28100	131	3	return	return	NOUN
cjfa-28100	131	4	equation	equation	NOUN
cjfa-28100	131	5	and	and	CCONJ
cjfa-28100	131	6	the	the	DET
cjfa-28100	131	7	return	return	NOUN
cjfa-28100	131	8	variance	variance	NOUN
cjfa-28100	131	9	garch	garch	NOUN
cjfa-28100	131	10	model	model	NOUN
cjfa-28100	131	11	used	use	VERB
cjfa-28100	131	12	in	in	ADP
cjfa-28100	131	13	this	this	DET
cjfa-28100	131	14	research	research	NOUN
cjfa-28100	131	15	are	be	AUX
cjfa-28100	131	16	as	as	SCONJ
cjfa-28100	131	17	follows	follow	VERB
cjfa-28100	131	18	:	:	PUNCT
cjfa-28100	131	19	�	�	PROPN
cjfa-28100	131	20	�	�	PROPN
cjfa-28100	131	21	�	�	PROPN
cjfa-28100	131	22	�	�	PROPN
cjfa-28100	131	23	�	�	PROPN
cjfa-28100	131	24	�	�	PROPN
cjfa-28100	131	25	�	�	PROPN
cjfa-28100	131	26	+	+	PROPN
cjfa-28100	131	27	�	�	PROPN
cjfa-28100	131	28	�	�	PROPN
cjfa-28100	131	29	�	�	PROPN
cjfa-28100	131	30	�	�	PROPN
cjfa-28100	131	31	�	�	PROPN
cjfa-28100	131	32	�	�	PROPN
cjfa-28100	131	33	�	�	PROPN
cjfa-28100	131	34	�	�	PROPN
cjfa-28100	131	35	�	�	PROPN
cjfa-28100	131	36	�	�	PROPN
cjfa-28100	131	37	+	+	PROPN
cjfa-28100	131	38	�	�	PROPN
cjfa-28100	131	39	�	�	PROPN
cjfa-28100	131	40	�	�	PROPN
cjfa-28100	131	41	�	�	PROPN
cjfa-28100	131	42	mean	mean	VERB
cjfa-28100	131	43	return	return	NOUN
cjfa-28100	131	44	equation	equation	NOUN
cjfa-28100	131	45	for	for	ADP
cjfa-28100	131	46	�	�	PROPN
cjfa-28100	131	47	�	�	PROPN
cjfa-28100	131	48	�	�	PROPN
cjfa-28100	131	49	�	�	PROPN
cjfa-28100	131	50	�	�	PROPN
cjfa-28100	131	51	(	(	PUNCT
cjfa-28100	131	52	8)	8)	NUM
cjfa-28100	131	53	�	�	PROPN
cjfa-28100	131	54	�	�	PROPN
cjfa-28100	131	55	�	�	PROPN
cjfa-28100	131	56	�	�	PROPN
cjfa-28100	131	57	�	�	PROPN
cjfa-28100	131	58	+	+	CCONJ
cjfa-28100	131	59	�	�	PROPN
cjfa-28100	131	60	�	�	PROPN
cjfa-28100	131	61	�	�	PROPN
cjfa-28100	131	62	�	�	PROPN
cjfa-28100	131	63	�	�	PROPN
cjfa-28100	131	64	�	�	PROPN
cjfa-28100	131	65	�	�	PROPN
cjfa-28100	131	66	�	�	PROPN
cjfa-28100	131	67	+	+	PROPN
cjfa-28100	131	68	�	�	PROPN
cjfa-28100	131	69	�	�	PROPN
cjfa-28100	131	70	�	�	PROPN
cjfa-28100	131	71	�	�	PROPN
cjfa-28100	131	72	�	�	PROPN
cjfa-28100	131	73	�	�	PROPN
cjfa-28100	131	74	�	�	PROPN
cjfa-28100	131	75	return	return	NOUN
cjfa-28100	131	76	variance	variance	NOUN
cjfa-28100	131	77	equation	equation	NOUN
cjfa-28100	131	78	garch	garch	NOUN
cjfa-28100	131	79	model	model	NOUN
cjfa-28100	131	80	(	(	PUNCT
cjfa-28100	131	81	9	9	NUM
cjfa-28100	131	82	)	)	PUNCT
cjfa-28100	131	83	where	where	SCONJ
cjfa-28100	131	84	�	�	PROPN
cjfa-28100	131	85	�	�	PROPN
cjfa-28100	131	86	�	�	PROPN
cjfa-28100	131	87	is	be	AUX
cjfa-28100	131	88	the	the	DET
cjfa-28100	131	89	return	return	NOUN
cjfa-28100	131	90	variance	variance	NOUN
cjfa-28100	131	91	(	(	PUNCT
cjfa-28100	131	92	one	one	NUM
cjfa-28100	131	93	–	–	PUNCT
cjfa-28100	131	94	period	period	NOUN
cjfa-28100	131	95	ahead	ahead	ADV
cjfa-28100	131	96	forecast	forecast	NOUN
cjfa-28100	131	97	variance	variance	NOUN
cjfa-28100	131	98	based	base	VERB
cjfa-28100	131	99	on	on	ADP
cjfa-28100	131	100	past	past	ADJ
cjfa-28100	131	101	information	information	NOUN
cjfa-28100	131	102	)	)	PUNCT
cjfa-28100	131	103	of	of	ADP
cjfa-28100	131	104	the	the	DET
cjfa-28100	131	105	error	error	NOUN
cjfa-28100	131	106	term	term	NOUN
cjfa-28100	131	107	from	from	ADP
cjfa-28100	131	108	the	the	DET
cjfa-28100	131	109	mean	mean	ADJ
cjfa-28100	131	110	return	return	NOUN
cjfa-28100	131	111	equations	equation	NOUN
cjfa-28100	131	112	,	,	PUNCT
cjfa-28100	131	113	�	�	PROPN
cjfa-28100	131	114	is	be	AUX
cjfa-28100	131	115	the	the	DET
cjfa-28100	131	116	constant	constant	ADJ
cjfa-28100	131	117	,	,	PUNCT
cjfa-28100	131	118	�	�	PROPN
cjfa-28100	131	119	�	�	PROPN
cjfa-28100	131	120	�	�	PROPN
cjfa-28100	131	121	�	�	PROPN
cjfa-28100	131	122	�	�	PROPN
cjfa-28100	131	123	is	be	AUX
cjfa-28100	131	124	the	the	DET
cjfa-28100	131	125	arch	arch	ADJ
cjfa-28100	131	126	term	term	NOUN
cjfa-28100	131	127	depicting	depict	VERB
cjfa-28100	131	128	the	the	DET
cjfa-28100	131	129	previous	previous	ADJ
cjfa-28100	131	130	period	period	NOUN
cjfa-28100	131	131	squared	square	VERB
cjfa-28100	131	132	error	error	NOUN
cjfa-28100	131	133	term	term	NOUN
cjfa-28100	131	134	from	from	ADP
cjfa-28100	131	135	the	the	DET
cjfa-28100	131	136	mean	mean	ADJ
cjfa-28100	131	137	return	return	NOUN
cjfa-28100	131	138	equations	equation	NOUN
cjfa-28100	131	139	and	and	CCONJ
cjfa-28100	131	140	�	�	PROPN
cjfa-28100	131	141	�	�	PROPN
cjfa-28100	131	142	�	�	PROPN
cjfa-28100	131	143	�	�	PROPN
cjfa-28100	131	144	�	�	PROPN
cjfa-28100	131	145	is	be	AUX
cjfa-28100	131	146	the	the	DET
cjfa-28100	131	147	garch	garch	NOUN
cjfa-28100	131	148	term	term	NOUN
cjfa-28100	131	149	depicting	depict	VERB
cjfa-28100	131	150	the	the	DET
cjfa-28100	131	151	previous	previous	ADJ
cjfa-28100	131	152	period	period	NOUN
cjfa-28100	131	153	return	return	NOUN
cjfa-28100	131	154	variance	variance	NOUN
cjfa-28100	131	155	.	.	PUNCT
cjfa-28100	132	1	the	the	DET
cjfa-28100	132	2	garch	garch	NOUN
cjfa-28100	132	3	model	model	NOUN
cjfa-28100	132	4	implies	imply	VERB
cjfa-28100	132	5	that	that	SCONJ
cjfa-28100	132	6	the	the	DET
cjfa-28100	132	7	current	current	ADJ
cjfa-28100	132	8	value	value	NOUN
cjfa-28100	132	9	of	of	ADP
cjfa-28100	132	10	the	the	DET
cjfa-28100	132	11	return	return	NOUN
cjfa-28100	132	12	variance	variance	NOUN
cjfa-28100	132	13	is	be	AUX
cjfa-28100	132	14	a	a	DET
cjfa-28100	132	15	function	function	NOUN
cjfa-28100	132	16	of	of	ADP
cjfa-28100	132	17	a	a	DET
cjfa-28100	132	18	constant	constant	ADJ
cjfa-28100	132	19	and	and	CCONJ
cjfa-28100	132	20	values	value	NOUN
cjfa-28100	132	21	of	of	ADP
cjfa-28100	132	22	the	the	DET
cjfa-28100	132	23	squared	square	VERB
cjfa-28100	132	24	residual	residual	NOUN
cjfa-28100	132	25	from	from	ADP
cjfa-28100	132	26	the	the	DET
cjfa-28100	132	27	mean	mean	ADJ
cjfa-28100	132	28	return	return	NOUN
cjfa-28100	132	29	equation	equation	NOUN
cjfa-28100	132	30	plus	plus	CCONJ
cjfa-28100	132	31	values	value	NOUN
cjfa-28100	132	32	of	of	ADP
cjfa-28100	132	33	the	the	DET
cjfa-28100	132	34	previous	previous	ADJ
cjfa-28100	132	35	return	return	NOUN
cjfa-28100	132	36	variance	variance	NOUN
cjfa-28100	132	37	.	.	PUNCT
cjfa-28100	133	1	volatility	volatility	NOUN
cjfa-28100	133	2	clustering	clustering	NOUN
cjfa-28100	133	3	means	mean	VERB
cjfa-28100	133	4	that	that	SCONJ
cjfa-28100	133	5	period	period	NOUN
cjfa-28100	133	6	of	of	ADP
cjfa-28100	133	7	high	high	ADJ
cjfa-28100	133	8	volatility	volatility	NOUN
cjfa-28100	133	9	will	will	AUX
cjfa-28100	133	10	give	give	VERB
cjfa-28100	133	11	way	way	NOUN
cjfa-28100	133	12	to	to	ADP
cjfa-28100	133	13	normal	normal	ADJ
cjfa-28100	133	14	(	(	PUNCT
cjfa-28100	133	15	low	low	ADJ
cjfa-28100	133	16	)	)	PUNCT
cjfa-28100	133	17	volatility	volatility	NOUN
cjfa-28100	133	18	and	and	CCONJ
cjfa-28100	133	19	period	period	NOUN
cjfa-28100	133	20	of	of	ADP
cjfa-28100	133	21	low	low	ADJ
cjfa-28100	133	22	volatility	volatility	NOUN
cjfa-28100	133	23	will	will	AUX
cjfa-28100	133	24	be	be	AUX
cjfa-28100	133	25	followed	follow	VERB
cjfa-28100	133	26	by	by	ADP
cjfa-28100	133	27	high	high	ADJ
cjfa-28100	133	28	volatility	volatility	NOUN
cjfa-28100	133	29	which	which	PRON
cjfa-28100	133	30	implies	imply	VERB
cjfa-28100	133	31	that	that	SCONJ
cjfa-28100	133	32	volatility	volatility	NOUN
cjfa-28100	133	33	come	come	VERB
cjfa-28100	133	34	and	and	CCONJ
cjfa-28100	133	35	go	go	VERB
cjfa-28100	133	36	.	.	PUNCT
cjfa-28100	134	1	mean	mean	VERB
cjfa-28100	134	2	reversion	reversion	NOUN
cjfa-28100	134	3	in	in	ADP
cjfa-28100	134	4	volatility	volatility	NOUN
cjfa-28100	134	5	implies	imply	VERB
cjfa-28100	134	6	that	that	SCONJ
cjfa-28100	134	7	there	there	PRON
cjfa-28100	134	8	is	be	VERB
cjfa-28100	134	9	a	a	DET
cjfa-28100	134	10	normal	normal	ADJ
cjfa-28100	134	11	level	level	NOUN
cjfa-28100	134	12	of	of	ADP
cjfa-28100	134	13	volatility	volatility	NOUN
cjfa-28100	134	14	to	to	PART
cjfa-28100	134	15	which	which	PRON
cjfa-28100	134	16	volatility	volatility	NOUN
cjfa-28100	134	17	will	will	AUX
cjfa-28100	134	18	eventually	eventually	ADV
cjfa-28100	134	19	return	return	VERB
cjfa-28100	134	20	.	.	PUNCT
cjfa-28100	135	1	long	long	ADJ
cjfa-28100	135	2	run	run	VERB
cjfa-28100	135	3	forecasts	forecast	NOUN
cjfa-28100	135	4	of	of	ADP
cjfa-28100	135	5	volatility	volatility	NOUN
cjfa-28100	135	6	converge	converge	VERB
cjfa-28100	135	7	to	to	ADP
cjfa-28100	135	8	the	the	DET
cjfa-28100	135	9	same	same	ADJ
cjfa-28100	135	10	normal	normal	ADJ
cjfa-28100	135	11	level	level	NOUN
cjfa-28100	135	12	of	of	ADP
cjfa-28100	135	13	volatility	volatility	NOUN
cjfa-28100	135	14	,	,	PUNCT
cjfa-28100	135	15	no	no	ADV
cjfa-28100	135	16	matter	matter	ADV
cjfa-28100	135	17	when	when	SCONJ
cjfa-28100	135	18	they	they	PRON
cjfa-28100	135	19	are	be	AUX
cjfa-28100	135	20	made	make	VERB
cjfa-28100	135	21	(	(	PUNCT
cjfa-28100	135	22	engle	engle	PROPN
cjfa-28100	135	23	&	&	CCONJ
cjfa-28100	135	24	patton	patton	PROPN
cjfa-28100	135	25	,	,	PUNCT
cjfa-28100	135	26	2001	2001	NUM
cjfa-28100	135	27	)	)	PUNCT
cjfa-28100	135	28	.	.	PUNCT
cjfa-28100	136	1	the	the	DET
cjfa-28100	136	2	mean	mean	ADJ
cjfa-28100	136	3	reverting	revert	VERB
cjfa-28100	136	4	form	form	NOUN
cjfa-28100	136	5	of	of	ADP
cjfa-28100	136	6	the	the	DET
cjfa-28100	136	7	garch	garch	NOUN
cjfa-28100	136	8	model	model	NOUN
cjfa-28100	136	9	is	be	AUX
cjfa-28100	136	10	given	give	VERB
cjfa-28100	136	11	as	as	ADP
cjfa-28100	136	12	:	:	PUNCT
cjfa-28100	136	13	is	be	AUX
cjfa-28100	136	14	the	the	DET
cjfa-28100	136	15	return	return	NOUN
cjfa-28100	136	16	variance	variance	NOUN
cjfa-28100	136	17	(	(	PUNCT
cjfa-28100	136	18	one	one	NUM
cjfa-28100	136	19	–	–	PUNCT
cjfa-28100	136	20	period	period	NOUN
cjfa-28100	136	21	ahead	ahead	ADV
cjfa-28100	136	22	forecast	forecast	NOUN
cjfa-28100	136	23	variance	variance	NOUN
cjfa-28100	136	24	based	base	VERB
cjfa-28100	136	25	on	on	ADP
cjfa-28100	136	26	past	past	ADJ
cjfa-28100	136	27	information	information	NOUN
cjfa-28100	136	28	)	)	PUNCT
cjfa-28100	136	29	of	of	ADP
cjfa-28100	136	30	the	the	DET
cjfa-28100	136	31	error	error	NOUN
cjfa-28100	136	32	term	term	NOUN
cjfa-28100	136	33	from	from	ADP
cjfa-28100	136	34	the	the	DET
cjfa-28100	136	35	mean	mean	ADJ
cjfa-28100	136	36	return	return	NOUN
cjfa-28100	136	37	equations	equation	NOUN
cjfa-28100	136	38	,	,	PUNCT
cjfa-28100	136	39	ω	ω	PROPN
cjfa-28100	136	40	is	be	AUX
cjfa-28100	136	41	the	the	DET
cjfa-28100	136	42	constant	constant	ADJ
cjfa-28100	136	43	,	,	PUNCT
cjfa-28100	136	44	auto	auto	NOUN
cjfa-28100	136	45	-	-	PUNCT
cjfa-28100	136	46	regressive	regressive	ADJ
cjfa-28100	136	47	conditional	conditional	ADJ
cjfa-28100	136	48	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	136	49	(	(	PUNCT
cjfa-28100	136	50	arch	arch	ADJ
cjfa-28100	136	51	)	)	PUNCT
cjfa-28100	136	52	effect	effect	NOUN
cjfa-28100	136	53	,	,	PUNCT
cjfa-28100	136	54	asymmetry	asymmetry	NOUN
cjfa-28100	136	55	and	and	CCONJ
cjfa-28100	136	56	other	other	ADJ
cjfa-28100	136	57	related	related	ADJ
cjfa-28100	136	58	attributes	attribute	NOUN
cjfa-28100	136	59	in	in	ADP
cjfa-28100	136	60	the	the	DET
cjfa-28100	136	61	series	series	NOUN
cjfa-28100	136	62	(	(	PUNCT
cjfa-28100	136	63	engle	engle	PROPN
cjfa-28100	136	64	,	,	PUNCT
cjfa-28100	136	65	1982	1982	NUM
cjfa-28100	136	66	)	)	PUNCT
cjfa-28100	136	67	.	.	PUNCT
cjfa-28100	137	1	model	model	NOUN
cjfa-28100	137	2	specification	specification	NOUN
cjfa-28100	137	3	the	the	DET
cjfa-28100	137	4	garch	garch	NOUN
cjfa-28100	137	5	model	model	NOUN
cjfa-28100	137	6	derived	derive	VERB
cjfa-28100	137	7	by	by	ADP
cjfa-28100	137	8	bollerslev	bollerslev	ADJ
cjfa-28100	137	9	(	(	PUNCT
cjfa-28100	137	10	1986	1986	NUM
cjfa-28100	137	11	)	)	PUNCT
cjfa-28100	137	12	replaced	replace	VERB
cjfa-28100	137	13	the	the	DET
cjfa-28100	137	14	auto	auto	NOUN
cjfa-28100	137	15	-	-	PUNCT
cjfa-28100	137	16	regressive	regressive	ADJ
cjfa-28100	137	17	moving	move	VERB
cjfa-28100	137	18	average	average	NOUN
cjfa-28100	137	19	[	[	X
cjfa-28100	137	20	arma(p	arma(p	NOUN
cjfa-28100	137	21	)	)	PUNCT
cjfa-28100	137	22	]	]	PUNCT
cjfa-28100	137	23	was	be	AUX
cjfa-28100	137	24	given	give	VERB
cjfa-28100	137	25	as	as	ADP
cjfa-28100	137	26	:	:	PUNCT
cjfa-28100	137	27	�	�	PROPN
cjfa-28100	137	28	�	�	PROPN
cjfa-28100	137	29	�	�	PROPN
cjfa-28100	137	30	�	�	PROPN
cjfa-28100	137	31	�	�	PROPN
cjfa-28100	137	32	+	+	PROPN
cjfa-28100	137	33	�	�	PROPN
cjfa-28100	137	34	∑	∑	PROPN
cjfa-28100	137	35	�	�	PROPN
cjfa-28100	137	36	�	�	PROPN
cjfa-28100	137	37	�	�	PROPN
cjfa-28100	137	38	�	�	PROPN
cjfa-28100	137	39	�	�	PROPN
cjfa-28100	137	40	�	�	PROPN
cjfa-28100	137	41	�	�	PROPN
cjfa-28100	137	42	�	�	PROPN
cjfa-28100	137	43	�	�	PROPN
cjfa-28100	137	44	�	�	PROPN
cjfa-28100	137	45	+	+	CCONJ
cjfa-28100	137	46	∑	∑	PROPN
cjfa-28100	137	47	�	�	PROPN
cjfa-28100	137	48	�	�	PROPN
cjfa-28100	137	49	�	�	PROPN
cjfa-28100	137	50	�	�	PROPN
cjfa-28100	137	51	�	�	PROPN
cjfa-28100	137	52	�	�	PROPN
cjfa-28100	137	53	�	�	PROPN
cjfa-28100	137	54	�	�	PROPN
cjfa-28100	137	55	�	�	PROPN
cjfa-28100	137	56	�	�	PROPN
cjfa-28100	137	57	(	(	PUNCT
cjfa-28100	137	58	7	7	NUM
cjfa-28100	137	59	)	)	PUNCT
cjfa-28100	137	60	where	where	SCONJ
cjfa-28100	137	61	�	�	PROPN
cjfa-28100	137	62	,	,	PUNCT
cjfa-28100	137	63	�	�	PROPN
cjfa-28100	137	64	>	>	X
cjfa-28100	137	65	0	0	PUNCT
cjfa-28100	138	1	and	and	CCONJ
cjfa-28100	138	2	(	(	PUNCT
cjfa-28100	138	3	�	�	PROPN
cjfa-28100	138	4	+	+	CCONJ
cjfa-28100	138	5	�	�	PROPN
cjfa-28100	138	6	)	)	PUNCT
cjfa-28100	138	7	<	<	X
cjfa-28100	138	8	1	1	NUM
cjfa-28100	138	9	is	be	AUX
cjfa-28100	138	10	to	to	PART
cjfa-28100	138	11	avoid	avoid	VERB
cjfa-28100	138	12	the	the	DET
cjfa-28100	138	13	possibility	possibility	NOUN
cjfa-28100	138	14	of	of	ADP
cjfa-28100	138	15	negative	negative	ADJ
cjfa-28100	138	16	conditional	conditional	ADJ
cjfa-28100	138	17	variance	variance	NOUN
cjfa-28100	138	18	.	.	PUNCT
cjfa-28100	139	1	equation	equation	NOUN
cjfa-28100	139	2	(	(	PUNCT
cjfa-28100	139	3	7	7	X
cjfa-28100	139	4	)	)	PUNCT
cjfa-28100	139	5	states	state	VERB
cjfa-28100	139	6	that	that	SCONJ
cjfa-28100	139	7	the	the	DET
cjfa-28100	139	8	current	current	ADJ
cjfa-28100	139	9	value	value	NOUN
cjfa-28100	139	10	of	of	ADP
cjfa-28100	139	11	the	the	DET
cjfa-28100	139	12	current	current	ADJ
cjfa-28100	139	13	return	return	NOUN
cjfa-28100	139	14	variance	variance	NOUN
cjfa-28100	139	15	is	be	AUX
cjfa-28100	139	16	a	a	DET
cjfa-28100	139	17	function	function	NOUN
cjfa-28100	139	18	of	of	ADP
cjfa-28100	139	19	a	a	DET
cjfa-28100	139	20	constant	constant	ADJ
cjfa-28100	139	21	and	and	CCONJ
cjfa-28100	139	22	values	value	NOUN
cjfa-28100	139	23	of	of	ADP
cjfa-28100	139	24	the	the	DET
cjfa-28100	139	25	previous	previous	ADJ
cjfa-28100	139	26	squared	square	VERB
cjfa-28100	139	27	residual	residual	ADJ
cjfa-28100	139	28	from	from	ADP
cjfa-28100	139	29	the	the	DET
cjfa-28100	139	30	mean	mean	ADJ
cjfa-28100	139	31	return	return	NOUN
cjfa-28100	139	32	equation	equation	NOUN
cjfa-28100	139	33	plus	plus	CCONJ
cjfa-28100	139	34	values	value	NOUN
cjfa-28100	139	35	of	of	ADP
cjfa-28100	139	36	the	the	DET
cjfa-28100	139	37	previous	previous	ADJ
cjfa-28100	139	38	return	return	NOUN
cjfa-28100	139	39	variance	variance	NOUN
cjfa-28100	139	40	.	.	PUNCT
cjfa-28100	140	1	the	the	DET
cjfa-28100	140	2	mean	mean	ADJ
cjfa-28100	140	3	return	return	NOUN
cjfa-28100	140	4	equation	equation	NOUN
cjfa-28100	140	5	and	and	CCONJ
cjfa-28100	140	6	the	the	DET
cjfa-28100	140	7	return	return	NOUN
cjfa-28100	140	8	variance	variance	NOUN
cjfa-28100	140	9	garch	garch	NOUN
cjfa-28100	140	10	model	model	NOUN
cjfa-28100	140	11	used	use	VERB
cjfa-28100	140	12	in	in	ADP
cjfa-28100	140	13	this	this	DET
cjfa-28100	140	14	research	research	NOUN
cjfa-28100	140	15	are	be	AUX
cjfa-28100	140	16	as	as	SCONJ
cjfa-28100	140	17	follows	follow	VERB
cjfa-28100	140	18	:	:	PUNCT
cjfa-28100	140	19	�	�	PROPN
cjfa-28100	140	20	�	�	PROPN
cjfa-28100	140	21	�	�	PROPN
cjfa-28100	140	22	�	�	PROPN
cjfa-28100	140	23	�	�	PROPN
cjfa-28100	140	24	�	�	PROPN
cjfa-28100	140	25	�	�	PROPN
cjfa-28100	140	26	+	+	PROPN
cjfa-28100	140	27	�	�	PROPN
cjfa-28100	140	28	�	�	PROPN
cjfa-28100	140	29	�	�	PROPN
cjfa-28100	140	30	�	�	PROPN
cjfa-28100	140	31	�	�	PROPN
cjfa-28100	140	32	�	�	PROPN
cjfa-28100	140	33	�	�	PROPN
cjfa-28100	140	34	�	�	PROPN
cjfa-28100	140	35	�	�	PROPN
cjfa-28100	140	36	�	�	PROPN
cjfa-28100	140	37	+	+	PROPN
cjfa-28100	140	38	�	�	PROPN
cjfa-28100	140	39	�	�	PROPN
cjfa-28100	140	40	�	�	PROPN
cjfa-28100	140	41	�	�	PROPN
cjfa-28100	140	42	mean	mean	VERB
cjfa-28100	140	43	return	return	NOUN
cjfa-28100	140	44	equation	equation	NOUN
cjfa-28100	140	45	for	for	ADP
cjfa-28100	140	46	�	�	PROPN
cjfa-28100	140	47	�	�	PROPN
cjfa-28100	140	48	�	�	PROPN
cjfa-28100	140	49	�	�	PROPN
cjfa-28100	140	50	�	�	PROPN
cjfa-28100	140	51	(	(	PUNCT
cjfa-28100	140	52	8)	8)	NUM
cjfa-28100	140	53	�	�	PROPN
cjfa-28100	140	54	�	�	PROPN
cjfa-28100	140	55	�	�	PROPN
cjfa-28100	140	56	�	�	PROPN
cjfa-28100	140	57	�	�	PROPN
cjfa-28100	140	58	+	+	CCONJ
cjfa-28100	140	59	�	�	PROPN
cjfa-28100	140	60	�	�	PROPN
cjfa-28100	140	61	�	�	PROPN
cjfa-28100	140	62	�	�	PROPN
cjfa-28100	140	63	�	�	PROPN
cjfa-28100	140	64	�	�	PROPN
cjfa-28100	140	65	�	�	PROPN
cjfa-28100	140	66	�	�	PROPN
cjfa-28100	140	67	+	+	PROPN
cjfa-28100	140	68	�	�	PROPN
cjfa-28100	140	69	�	�	PROPN
cjfa-28100	140	70	�	�	PROPN
cjfa-28100	140	71	�	�	PROPN
cjfa-28100	140	72	�	�	PROPN
cjfa-28100	140	73	�	�	PROPN
cjfa-28100	140	74	�	�	PROPN
cjfa-28100	140	75	return	return	NOUN
cjfa-28100	140	76	variance	variance	NOUN
cjfa-28100	140	77	equation	equation	NOUN
cjfa-28100	140	78	garch	garch	NOUN
cjfa-28100	140	79	model	model	NOUN
cjfa-28100	140	80	(	(	PUNCT
cjfa-28100	140	81	9	9	NUM
cjfa-28100	140	82	)	)	PUNCT
cjfa-28100	140	83	where	where	SCONJ
cjfa-28100	140	84	�	�	PROPN
cjfa-28100	140	85	�	�	PROPN
cjfa-28100	140	86	�	�	PROPN
cjfa-28100	140	87	is	be	AUX
cjfa-28100	140	88	the	the	DET
cjfa-28100	140	89	return	return	NOUN
cjfa-28100	140	90	variance	variance	NOUN
cjfa-28100	140	91	(	(	PUNCT
cjfa-28100	140	92	one	one	NUM
cjfa-28100	140	93	–	–	PUNCT
cjfa-28100	140	94	period	period	NOUN
cjfa-28100	140	95	ahead	ahead	ADV
cjfa-28100	140	96	forecast	forecast	NOUN
cjfa-28100	140	97	variance	variance	NOUN
cjfa-28100	140	98	based	base	VERB
cjfa-28100	140	99	on	on	ADP
cjfa-28100	140	100	past	past	ADJ
cjfa-28100	140	101	information	information	NOUN
cjfa-28100	140	102	)	)	PUNCT
cjfa-28100	140	103	of	of	ADP
cjfa-28100	140	104	the	the	DET
cjfa-28100	140	105	error	error	NOUN
cjfa-28100	140	106	term	term	NOUN
cjfa-28100	140	107	from	from	ADP
cjfa-28100	140	108	the	the	DET
cjfa-28100	140	109	mean	mean	ADJ
cjfa-28100	140	110	return	return	NOUN
cjfa-28100	140	111	equations	equation	NOUN
cjfa-28100	140	112	,	,	PUNCT
cjfa-28100	140	113	�	�	PROPN
cjfa-28100	140	114	is	be	AUX
cjfa-28100	140	115	the	the	DET
cjfa-28100	140	116	constant	constant	ADJ
cjfa-28100	140	117	,	,	PUNCT
cjfa-28100	140	118	�	�	PROPN
cjfa-28100	140	119	�	�	PROPN
cjfa-28100	140	120	�	�	PROPN
cjfa-28100	140	121	�	�	PROPN
cjfa-28100	140	122	�	�	PROPN
cjfa-28100	140	123	is	be	AUX
cjfa-28100	140	124	the	the	DET
cjfa-28100	140	125	arch	arch	ADJ
cjfa-28100	140	126	term	term	NOUN
cjfa-28100	140	127	depicting	depict	VERB
cjfa-28100	140	128	the	the	DET
cjfa-28100	140	129	previous	previous	ADJ
cjfa-28100	140	130	period	period	NOUN
cjfa-28100	140	131	squared	square	VERB
cjfa-28100	140	132	error	error	NOUN
cjfa-28100	140	133	term	term	NOUN
cjfa-28100	140	134	from	from	ADP
cjfa-28100	140	135	the	the	DET
cjfa-28100	140	136	mean	mean	ADJ
cjfa-28100	140	137	return	return	NOUN
cjfa-28100	140	138	equations	equation	NOUN
cjfa-28100	140	139	and	and	CCONJ
cjfa-28100	140	140	�	�	PROPN
cjfa-28100	140	141	�	�	PROPN
cjfa-28100	140	142	�	�	PROPN
cjfa-28100	140	143	�	�	PROPN
cjfa-28100	140	144	�	�	PROPN
cjfa-28100	140	145	is	be	AUX
cjfa-28100	140	146	the	the	DET
cjfa-28100	140	147	garch	garch	NOUN
cjfa-28100	140	148	term	term	NOUN
cjfa-28100	140	149	depicting	depict	VERB
cjfa-28100	140	150	the	the	DET
cjfa-28100	140	151	previous	previous	ADJ
cjfa-28100	140	152	period	period	NOUN
cjfa-28100	140	153	return	return	NOUN
cjfa-28100	140	154	variance	variance	NOUN
cjfa-28100	140	155	.	.	PUNCT
cjfa-28100	141	1	the	the	DET
cjfa-28100	141	2	garch	garch	NOUN
cjfa-28100	141	3	model	model	NOUN
cjfa-28100	141	4	implies	imply	VERB
cjfa-28100	141	5	that	that	SCONJ
cjfa-28100	141	6	the	the	DET
cjfa-28100	141	7	current	current	ADJ
cjfa-28100	141	8	value	value	NOUN
cjfa-28100	141	9	of	of	ADP
cjfa-28100	141	10	the	the	DET
cjfa-28100	141	11	return	return	NOUN
cjfa-28100	141	12	variance	variance	NOUN
cjfa-28100	141	13	is	be	AUX
cjfa-28100	141	14	a	a	DET
cjfa-28100	141	15	function	function	NOUN
cjfa-28100	141	16	of	of	ADP
cjfa-28100	141	17	a	a	DET
cjfa-28100	141	18	constant	constant	ADJ
cjfa-28100	141	19	and	and	CCONJ
cjfa-28100	141	20	values	value	NOUN
cjfa-28100	141	21	of	of	ADP
cjfa-28100	141	22	the	the	DET
cjfa-28100	141	23	squared	square	VERB
cjfa-28100	141	24	residual	residual	NOUN
cjfa-28100	141	25	from	from	ADP
cjfa-28100	141	26	the	the	DET
cjfa-28100	141	27	mean	mean	ADJ
cjfa-28100	141	28	return	return	NOUN
cjfa-28100	141	29	equation	equation	NOUN
cjfa-28100	141	30	plus	plus	CCONJ
cjfa-28100	141	31	values	value	NOUN
cjfa-28100	141	32	of	of	ADP
cjfa-28100	141	33	the	the	DET
cjfa-28100	141	34	previous	previous	ADJ
cjfa-28100	141	35	return	return	NOUN
cjfa-28100	141	36	variance	variance	NOUN
cjfa-28100	141	37	.	.	PUNCT
cjfa-28100	142	1	volatility	volatility	NOUN
cjfa-28100	142	2	clustering	clustering	NOUN
cjfa-28100	142	3	means	mean	VERB
cjfa-28100	142	4	that	that	SCONJ
cjfa-28100	142	5	period	period	NOUN
cjfa-28100	142	6	of	of	ADP
cjfa-28100	142	7	high	high	ADJ
cjfa-28100	142	8	volatility	volatility	NOUN
cjfa-28100	142	9	will	will	AUX
cjfa-28100	142	10	give	give	VERB
cjfa-28100	142	11	way	way	NOUN
cjfa-28100	142	12	to	to	ADP
cjfa-28100	142	13	normal	normal	ADJ
cjfa-28100	142	14	(	(	PUNCT
cjfa-28100	142	15	low	low	ADJ
cjfa-28100	142	16	)	)	PUNCT
cjfa-28100	142	17	volatility	volatility	NOUN
cjfa-28100	142	18	and	and	CCONJ
cjfa-28100	142	19	period	period	NOUN
cjfa-28100	142	20	of	of	ADP
cjfa-28100	142	21	low	low	ADJ
cjfa-28100	142	22	volatility	volatility	NOUN
cjfa-28100	142	23	will	will	AUX
cjfa-28100	142	24	be	be	AUX
cjfa-28100	142	25	followed	follow	VERB
cjfa-28100	142	26	by	by	ADP
cjfa-28100	142	27	high	high	ADJ
cjfa-28100	142	28	volatility	volatility	NOUN
cjfa-28100	142	29	which	which	PRON
cjfa-28100	142	30	implies	imply	VERB
cjfa-28100	142	31	that	that	SCONJ
cjfa-28100	142	32	volatility	volatility	NOUN
cjfa-28100	142	33	come	come	VERB
cjfa-28100	142	34	and	and	CCONJ
cjfa-28100	142	35	go	go	VERB
cjfa-28100	142	36	.	.	PUNCT
cjfa-28100	143	1	mean	mean	VERB
cjfa-28100	143	2	reversion	reversion	NOUN
cjfa-28100	143	3	in	in	ADP
cjfa-28100	143	4	volatility	volatility	NOUN
cjfa-28100	143	5	implies	imply	VERB
cjfa-28100	143	6	that	that	SCONJ
cjfa-28100	143	7	there	there	PRON
cjfa-28100	143	8	is	be	VERB
cjfa-28100	143	9	a	a	DET
cjfa-28100	143	10	normal	normal	ADJ
cjfa-28100	143	11	level	level	NOUN
cjfa-28100	143	12	of	of	ADP
cjfa-28100	143	13	volatility	volatility	NOUN
cjfa-28100	143	14	to	to	PART
cjfa-28100	143	15	which	which	PRON
cjfa-28100	143	16	volatility	volatility	NOUN
cjfa-28100	143	17	will	will	AUX
cjfa-28100	143	18	eventually	eventually	ADV
cjfa-28100	143	19	return	return	VERB
cjfa-28100	143	20	.	.	PUNCT
cjfa-28100	144	1	long	long	ADJ
cjfa-28100	144	2	run	run	VERB
cjfa-28100	144	3	forecasts	forecast	NOUN
cjfa-28100	144	4	of	of	ADP
cjfa-28100	144	5	volatility	volatility	NOUN
cjfa-28100	144	6	converge	converge	VERB
cjfa-28100	144	7	to	to	ADP
cjfa-28100	144	8	the	the	DET
cjfa-28100	144	9	same	same	ADJ
cjfa-28100	144	10	normal	normal	ADJ
cjfa-28100	144	11	level	level	NOUN
cjfa-28100	144	12	of	of	ADP
cjfa-28100	144	13	volatility	volatility	NOUN
cjfa-28100	144	14	,	,	PUNCT
cjfa-28100	144	15	no	no	ADV
cjfa-28100	144	16	matter	matter	ADV
cjfa-28100	144	17	when	when	SCONJ
cjfa-28100	144	18	they	they	PRON
cjfa-28100	144	19	are	be	AUX
cjfa-28100	144	20	made	make	VERB
cjfa-28100	144	21	(	(	PUNCT
cjfa-28100	144	22	engle	engle	PROPN
cjfa-28100	144	23	&	&	CCONJ
cjfa-28100	144	24	patton	patton	PROPN
cjfa-28100	144	25	,	,	PUNCT
cjfa-28100	144	26	2001	2001	NUM
cjfa-28100	144	27	)	)	PUNCT
cjfa-28100	144	28	.	.	PUNCT
cjfa-28100	145	1	the	the	DET
cjfa-28100	145	2	mean	mean	ADJ
cjfa-28100	145	3	reverting	revert	VERB
cjfa-28100	145	4	form	form	NOUN
cjfa-28100	145	5	of	of	ADP
cjfa-28100	145	6	the	the	DET
cjfa-28100	145	7	garch	garch	NOUN
cjfa-28100	145	8	model	model	NOUN
cjfa-28100	145	9	is	be	AUX
cjfa-28100	145	10	given	give	VERB
cjfa-28100	145	11	as	as	ADP
cjfa-28100	145	12	:	:	PUNCT
cjfa-28100	145	13	is	be	AUX
cjfa-28100	145	14	the	the	DET
cjfa-28100	145	15	arch	arch	ADJ
cjfa-28100	145	16	term	term	NOUN
cjfa-28100	145	17	depicting	depict	VERB
cjfa-28100	145	18	the	the	DET
cjfa-28100	145	19	previous	previous	ADJ
cjfa-28100	145	20	period	period	NOUN
cjfa-28100	145	21	squared	square	VERB
cjfa-28100	145	22	error	error	NOUN
cjfa-28100	145	23	term	term	NOUN
cjfa-28100	145	24	from	from	ADP
cjfa-28100	145	25	the	the	DET
cjfa-28100	145	26	mean	mean	ADJ
cjfa-28100	145	27	return	return	NOUN
cjfa-28100	145	28	equations	equation	NOUN
cjfa-28100	145	29	and	and	CCONJ
cjfa-28100	145	30	auto	auto	NOUN
cjfa-28100	145	31	-	-	PUNCT
cjfa-28100	145	32	regressive	regressive	ADJ
cjfa-28100	145	33	conditional	conditional	ADJ
cjfa-28100	145	34	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	145	35	(	(	PUNCT
cjfa-28100	145	36	arch	arch	ADJ
cjfa-28100	145	37	)	)	PUNCT
cjfa-28100	145	38	effect	effect	NOUN
cjfa-28100	145	39	,	,	PUNCT
cjfa-28100	145	40	asymmetry	asymmetry	NOUN
cjfa-28100	145	41	and	and	CCONJ
cjfa-28100	145	42	other	other	ADJ
cjfa-28100	145	43	related	related	ADJ
cjfa-28100	145	44	attributes	attribute	NOUN
cjfa-28100	145	45	in	in	ADP
cjfa-28100	145	46	the	the	DET
cjfa-28100	145	47	series	series	NOUN
cjfa-28100	145	48	(	(	PUNCT
cjfa-28100	145	49	engle	engle	PROPN
cjfa-28100	145	50	,	,	PUNCT
cjfa-28100	145	51	1982	1982	NUM
cjfa-28100	145	52	)	)	PUNCT
cjfa-28100	145	53	.	.	PUNCT
cjfa-28100	146	1	model	model	NOUN
cjfa-28100	146	2	specification	specification	NOUN
cjfa-28100	146	3	the	the	DET
cjfa-28100	146	4	garch	garch	NOUN
cjfa-28100	146	5	model	model	NOUN
cjfa-28100	146	6	derived	derive	VERB
cjfa-28100	146	7	by	by	ADP
cjfa-28100	146	8	bollerslev	bollerslev	ADJ
cjfa-28100	146	9	(	(	PUNCT
cjfa-28100	146	10	1986	1986	NUM
cjfa-28100	146	11	)	)	PUNCT
cjfa-28100	146	12	replaced	replace	VERB
cjfa-28100	146	13	the	the	DET
cjfa-28100	146	14	auto	auto	NOUN
cjfa-28100	146	15	-	-	PUNCT
cjfa-28100	146	16	regressive	regressive	ADJ
cjfa-28100	146	17	moving	move	VERB
cjfa-28100	146	18	average	average	NOUN
cjfa-28100	146	19	[	[	X
cjfa-28100	146	20	arma(p	arma(p	NOUN
cjfa-28100	146	21	)	)	PUNCT
cjfa-28100	146	22	]	]	PUNCT
cjfa-28100	146	23	was	be	AUX
cjfa-28100	146	24	given	give	VERB
cjfa-28100	146	25	as	as	ADP
cjfa-28100	146	26	:	:	PUNCT
cjfa-28100	146	27	�	�	PROPN
cjfa-28100	146	28	�	�	PROPN
cjfa-28100	146	29	�	�	PROPN
cjfa-28100	146	30	�	�	PROPN
cjfa-28100	146	31	�	�	PROPN
cjfa-28100	146	32	+	+	PROPN
cjfa-28100	146	33	�	�	PROPN
cjfa-28100	146	34	∑	∑	PROPN
cjfa-28100	146	35	�	�	PROPN
cjfa-28100	146	36	�	�	PROPN
cjfa-28100	146	37	�	�	PROPN
cjfa-28100	146	38	�	�	PROPN
cjfa-28100	146	39	�	�	PROPN
cjfa-28100	146	40	�	�	PROPN
cjfa-28100	146	41	�	�	PROPN
cjfa-28100	146	42	�	�	PROPN
cjfa-28100	146	43	�	�	PROPN
cjfa-28100	146	44	�	�	PROPN
cjfa-28100	146	45	+	+	CCONJ
cjfa-28100	146	46	∑	∑	PROPN
cjfa-28100	146	47	�	�	PROPN
cjfa-28100	146	48	�	�	PROPN
cjfa-28100	146	49	�	�	PROPN
cjfa-28100	146	50	�	�	PROPN
cjfa-28100	146	51	�	�	PROPN
cjfa-28100	146	52	�	�	PROPN
cjfa-28100	146	53	�	�	PROPN
cjfa-28100	146	54	�	�	PROPN
cjfa-28100	146	55	�	�	PROPN
cjfa-28100	146	56	�	�	PROPN
cjfa-28100	146	57	(	(	PUNCT
cjfa-28100	146	58	7	7	NUM
cjfa-28100	146	59	)	)	PUNCT
cjfa-28100	146	60	where	where	SCONJ
cjfa-28100	146	61	�	�	PROPN
cjfa-28100	146	62	,	,	PUNCT
cjfa-28100	146	63	�	�	PROPN
cjfa-28100	146	64	>	>	X
cjfa-28100	146	65	0	0	PUNCT
cjfa-28100	147	1	and	and	CCONJ
cjfa-28100	147	2	(	(	PUNCT
cjfa-28100	147	3	�	�	PROPN
cjfa-28100	147	4	+	+	CCONJ
cjfa-28100	147	5	�	�	PROPN
cjfa-28100	147	6	)	)	PUNCT
cjfa-28100	147	7	<	<	X
cjfa-28100	147	8	1	1	NUM
cjfa-28100	147	9	is	be	AUX
cjfa-28100	147	10	to	to	PART
cjfa-28100	147	11	avoid	avoid	VERB
cjfa-28100	147	12	the	the	DET
cjfa-28100	147	13	possibility	possibility	NOUN
cjfa-28100	147	14	of	of	ADP
cjfa-28100	147	15	negative	negative	ADJ
cjfa-28100	147	16	conditional	conditional	ADJ
cjfa-28100	147	17	variance	variance	NOUN
cjfa-28100	147	18	.	.	PUNCT
cjfa-28100	148	1	equation	equation	NOUN
cjfa-28100	148	2	(	(	PUNCT
cjfa-28100	148	3	7	7	X
cjfa-28100	148	4	)	)	PUNCT
cjfa-28100	148	5	states	state	VERB
cjfa-28100	148	6	that	that	SCONJ
cjfa-28100	148	7	the	the	DET
cjfa-28100	148	8	current	current	ADJ
cjfa-28100	148	9	value	value	NOUN
cjfa-28100	148	10	of	of	ADP
cjfa-28100	148	11	the	the	DET
cjfa-28100	148	12	current	current	ADJ
cjfa-28100	148	13	return	return	NOUN
cjfa-28100	148	14	variance	variance	NOUN
cjfa-28100	148	15	is	be	AUX
cjfa-28100	148	16	a	a	DET
cjfa-28100	148	17	function	function	NOUN
cjfa-28100	148	18	of	of	ADP
cjfa-28100	148	19	a	a	DET
cjfa-28100	148	20	constant	constant	ADJ
cjfa-28100	148	21	and	and	CCONJ
cjfa-28100	148	22	values	value	NOUN
cjfa-28100	148	23	of	of	ADP
cjfa-28100	148	24	the	the	DET
cjfa-28100	148	25	previous	previous	ADJ
cjfa-28100	148	26	squared	square	VERB
cjfa-28100	148	27	residual	residual	ADJ
cjfa-28100	148	28	from	from	ADP
cjfa-28100	148	29	the	the	DET
cjfa-28100	148	30	mean	mean	ADJ
cjfa-28100	148	31	return	return	NOUN
cjfa-28100	148	32	equation	equation	NOUN
cjfa-28100	148	33	plus	plus	CCONJ
cjfa-28100	148	34	values	value	NOUN
cjfa-28100	148	35	of	of	ADP
cjfa-28100	148	36	the	the	DET
cjfa-28100	148	37	previous	previous	ADJ
cjfa-28100	148	38	return	return	NOUN
cjfa-28100	148	39	variance	variance	NOUN
cjfa-28100	148	40	.	.	PUNCT
cjfa-28100	149	1	the	the	DET
cjfa-28100	149	2	mean	mean	ADJ
cjfa-28100	149	3	return	return	NOUN
cjfa-28100	149	4	equation	equation	NOUN
cjfa-28100	149	5	and	and	CCONJ
cjfa-28100	149	6	the	the	DET
cjfa-28100	149	7	return	return	NOUN
cjfa-28100	149	8	variance	variance	NOUN
cjfa-28100	149	9	garch	garch	NOUN
cjfa-28100	149	10	model	model	NOUN
cjfa-28100	149	11	used	use	VERB
cjfa-28100	149	12	in	in	ADP
cjfa-28100	149	13	this	this	DET
cjfa-28100	149	14	research	research	NOUN
cjfa-28100	149	15	are	be	AUX
cjfa-28100	149	16	as	as	SCONJ
cjfa-28100	149	17	follows	follow	VERB
cjfa-28100	149	18	:	:	PUNCT
cjfa-28100	149	19	�	�	PROPN
cjfa-28100	149	20	�	�	PROPN
cjfa-28100	149	21	�	�	PROPN
cjfa-28100	149	22	�	�	PROPN
cjfa-28100	149	23	�	�	PROPN
cjfa-28100	149	24	�	�	PROPN
cjfa-28100	149	25	�	�	PROPN
cjfa-28100	149	26	+	+	PROPN
cjfa-28100	149	27	�	�	PROPN
cjfa-28100	149	28	�	�	PROPN
cjfa-28100	149	29	�	�	PROPN
cjfa-28100	149	30	�	�	PROPN
cjfa-28100	149	31	�	�	PROPN
cjfa-28100	149	32	�	�	PROPN
cjfa-28100	149	33	�	�	PROPN
cjfa-28100	149	34	�	�	PROPN
cjfa-28100	149	35	�	�	PROPN
cjfa-28100	149	36	�	�	PROPN
cjfa-28100	149	37	+	+	PROPN
cjfa-28100	149	38	�	�	PROPN
cjfa-28100	149	39	�	�	PROPN
cjfa-28100	149	40	�	�	PROPN
cjfa-28100	149	41	�	�	PROPN
cjfa-28100	149	42	mean	mean	VERB
cjfa-28100	149	43	return	return	NOUN
cjfa-28100	149	44	equation	equation	NOUN
cjfa-28100	149	45	for	for	ADP
cjfa-28100	149	46	�	�	PROPN
cjfa-28100	149	47	�	�	PROPN
cjfa-28100	149	48	�	�	PROPN
cjfa-28100	149	49	�	�	PROPN
cjfa-28100	149	50	�	�	PROPN
cjfa-28100	149	51	(	(	PUNCT
cjfa-28100	149	52	8)	8)	NUM
cjfa-28100	149	53	�	�	PROPN
cjfa-28100	149	54	�	�	PROPN
cjfa-28100	149	55	�	�	PROPN
cjfa-28100	149	56	�	�	PROPN
cjfa-28100	149	57	�	�	PROPN
cjfa-28100	149	58	+	+	CCONJ
cjfa-28100	149	59	�	�	PROPN
cjfa-28100	149	60	�	�	PROPN
cjfa-28100	149	61	�	�	PROPN
cjfa-28100	149	62	�	�	PROPN
cjfa-28100	149	63	�	�	PROPN
cjfa-28100	149	64	�	�	PROPN
cjfa-28100	149	65	�	�	PROPN
cjfa-28100	149	66	�	�	PROPN
cjfa-28100	149	67	+	+	PROPN
cjfa-28100	149	68	�	�	PROPN
cjfa-28100	149	69	�	�	PROPN
cjfa-28100	149	70	�	�	PROPN
cjfa-28100	149	71	�	�	PROPN
cjfa-28100	149	72	�	�	PROPN
cjfa-28100	149	73	�	�	PROPN
cjfa-28100	149	74	�	�	PROPN
cjfa-28100	149	75	return	return	NOUN
cjfa-28100	149	76	variance	variance	NOUN
cjfa-28100	149	77	equation	equation	NOUN
cjfa-28100	149	78	garch	garch	NOUN
cjfa-28100	149	79	model	model	NOUN
cjfa-28100	149	80	(	(	PUNCT
cjfa-28100	149	81	9	9	NUM
cjfa-28100	149	82	)	)	PUNCT
cjfa-28100	149	83	where	where	SCONJ
cjfa-28100	149	84	�	�	PROPN
cjfa-28100	149	85	�	�	PROPN
cjfa-28100	149	86	�	�	PROPN
cjfa-28100	149	87	is	be	AUX
cjfa-28100	149	88	the	the	DET
cjfa-28100	149	89	return	return	NOUN
cjfa-28100	149	90	variance	variance	NOUN
cjfa-28100	149	91	(	(	PUNCT
cjfa-28100	149	92	one	one	NUM
cjfa-28100	149	93	–	–	PUNCT
cjfa-28100	149	94	period	period	NOUN
cjfa-28100	149	95	ahead	ahead	ADV
cjfa-28100	149	96	forecast	forecast	NOUN
cjfa-28100	149	97	variance	variance	NOUN
cjfa-28100	149	98	based	base	VERB
cjfa-28100	149	99	on	on	ADP
cjfa-28100	149	100	past	past	ADJ
cjfa-28100	149	101	information	information	NOUN
cjfa-28100	149	102	)	)	PUNCT
cjfa-28100	149	103	of	of	ADP
cjfa-28100	149	104	the	the	DET
cjfa-28100	149	105	error	error	NOUN
cjfa-28100	149	106	term	term	NOUN
cjfa-28100	149	107	from	from	ADP
cjfa-28100	149	108	the	the	DET
cjfa-28100	149	109	mean	mean	ADJ
cjfa-28100	149	110	return	return	NOUN
cjfa-28100	149	111	equations	equation	NOUN
cjfa-28100	149	112	,	,	PUNCT
cjfa-28100	149	113	�	�	PROPN
cjfa-28100	149	114	is	be	AUX
cjfa-28100	149	115	the	the	DET
cjfa-28100	149	116	constant	constant	ADJ
cjfa-28100	149	117	,	,	PUNCT
cjfa-28100	149	118	�	�	PROPN
cjfa-28100	149	119	�	�	PROPN
cjfa-28100	149	120	�	�	PROPN
cjfa-28100	149	121	�	�	PROPN
cjfa-28100	149	122	�	�	PROPN
cjfa-28100	149	123	is	be	AUX
cjfa-28100	149	124	the	the	DET
cjfa-28100	149	125	arch	arch	ADJ
cjfa-28100	149	126	term	term	NOUN
cjfa-28100	149	127	depicting	depict	VERB
cjfa-28100	149	128	the	the	DET
cjfa-28100	149	129	previous	previous	ADJ
cjfa-28100	149	130	period	period	NOUN
cjfa-28100	149	131	squared	square	VERB
cjfa-28100	149	132	error	error	NOUN
cjfa-28100	149	133	term	term	NOUN
cjfa-28100	149	134	from	from	ADP
cjfa-28100	149	135	the	the	DET
cjfa-28100	149	136	mean	mean	ADJ
cjfa-28100	149	137	return	return	NOUN
cjfa-28100	149	138	equations	equation	NOUN
cjfa-28100	149	139	and	and	CCONJ
cjfa-28100	149	140	�	�	PROPN
cjfa-28100	149	141	�	�	PROPN
cjfa-28100	149	142	�	�	PROPN
cjfa-28100	149	143	�	�	PROPN
cjfa-28100	149	144	�	�	PROPN
cjfa-28100	149	145	is	be	AUX
cjfa-28100	149	146	the	the	DET
cjfa-28100	149	147	garch	garch	NOUN
cjfa-28100	149	148	term	term	NOUN
cjfa-28100	149	149	depicting	depict	VERB
cjfa-28100	149	150	the	the	DET
cjfa-28100	149	151	previous	previous	ADJ
cjfa-28100	149	152	period	period	NOUN
cjfa-28100	149	153	return	return	NOUN
cjfa-28100	149	154	variance	variance	NOUN
cjfa-28100	149	155	.	.	PUNCT
cjfa-28100	150	1	the	the	DET
cjfa-28100	150	2	garch	garch	NOUN
cjfa-28100	150	3	model	model	NOUN
cjfa-28100	150	4	implies	imply	VERB
cjfa-28100	150	5	that	that	SCONJ
cjfa-28100	150	6	the	the	DET
cjfa-28100	150	7	current	current	ADJ
cjfa-28100	150	8	value	value	NOUN
cjfa-28100	150	9	of	of	ADP
cjfa-28100	150	10	the	the	DET
cjfa-28100	150	11	return	return	NOUN
cjfa-28100	150	12	variance	variance	NOUN
cjfa-28100	150	13	is	be	AUX
cjfa-28100	150	14	a	a	DET
cjfa-28100	150	15	function	function	NOUN
cjfa-28100	150	16	of	of	ADP
cjfa-28100	150	17	a	a	DET
cjfa-28100	150	18	constant	constant	ADJ
cjfa-28100	150	19	and	and	CCONJ
cjfa-28100	150	20	values	value	NOUN
cjfa-28100	150	21	of	of	ADP
cjfa-28100	150	22	the	the	DET
cjfa-28100	150	23	squared	square	VERB
cjfa-28100	150	24	residual	residual	NOUN
cjfa-28100	150	25	from	from	ADP
cjfa-28100	150	26	the	the	DET
cjfa-28100	150	27	mean	mean	ADJ
cjfa-28100	150	28	return	return	NOUN
cjfa-28100	150	29	equation	equation	NOUN
cjfa-28100	150	30	plus	plus	CCONJ
cjfa-28100	150	31	values	value	NOUN
cjfa-28100	150	32	of	of	ADP
cjfa-28100	150	33	the	the	DET
cjfa-28100	150	34	previous	previous	ADJ
cjfa-28100	150	35	return	return	NOUN
cjfa-28100	150	36	variance	variance	NOUN
cjfa-28100	150	37	.	.	PUNCT
cjfa-28100	151	1	volatility	volatility	NOUN
cjfa-28100	151	2	clustering	clustering	NOUN
cjfa-28100	151	3	means	mean	VERB
cjfa-28100	151	4	that	that	SCONJ
cjfa-28100	151	5	period	period	NOUN
cjfa-28100	151	6	of	of	ADP
cjfa-28100	151	7	high	high	ADJ
cjfa-28100	151	8	volatility	volatility	NOUN
cjfa-28100	151	9	will	will	AUX
cjfa-28100	151	10	give	give	VERB
cjfa-28100	151	11	way	way	NOUN
cjfa-28100	151	12	to	to	ADP
cjfa-28100	151	13	normal	normal	ADJ
cjfa-28100	151	14	(	(	PUNCT
cjfa-28100	151	15	low	low	ADJ
cjfa-28100	151	16	)	)	PUNCT
cjfa-28100	151	17	volatility	volatility	NOUN
cjfa-28100	151	18	and	and	CCONJ
cjfa-28100	151	19	period	period	NOUN
cjfa-28100	151	20	of	of	ADP
cjfa-28100	151	21	low	low	ADJ
cjfa-28100	151	22	volatility	volatility	NOUN
cjfa-28100	151	23	will	will	AUX
cjfa-28100	151	24	be	be	AUX
cjfa-28100	151	25	followed	follow	VERB
cjfa-28100	151	26	by	by	ADP
cjfa-28100	151	27	high	high	ADJ
cjfa-28100	151	28	volatility	volatility	NOUN
cjfa-28100	151	29	which	which	PRON
cjfa-28100	151	30	implies	imply	VERB
cjfa-28100	151	31	that	that	SCONJ
cjfa-28100	151	32	volatility	volatility	NOUN
cjfa-28100	151	33	come	come	VERB
cjfa-28100	151	34	and	and	CCONJ
cjfa-28100	151	35	go	go	VERB
cjfa-28100	151	36	.	.	PUNCT
cjfa-28100	152	1	mean	mean	VERB
cjfa-28100	152	2	reversion	reversion	NOUN
cjfa-28100	152	3	in	in	ADP
cjfa-28100	152	4	volatility	volatility	NOUN
cjfa-28100	152	5	implies	imply	VERB
cjfa-28100	152	6	that	that	SCONJ
cjfa-28100	152	7	there	there	PRON
cjfa-28100	152	8	is	be	VERB
cjfa-28100	152	9	a	a	DET
cjfa-28100	152	10	normal	normal	ADJ
cjfa-28100	152	11	level	level	NOUN
cjfa-28100	152	12	of	of	ADP
cjfa-28100	152	13	volatility	volatility	NOUN
cjfa-28100	152	14	to	to	PART
cjfa-28100	152	15	which	which	PRON
cjfa-28100	152	16	volatility	volatility	NOUN
cjfa-28100	152	17	will	will	AUX
cjfa-28100	152	18	eventually	eventually	ADV
cjfa-28100	152	19	return	return	VERB
cjfa-28100	152	20	.	.	PUNCT
cjfa-28100	153	1	long	long	ADJ
cjfa-28100	153	2	run	run	VERB
cjfa-28100	153	3	forecasts	forecast	NOUN
cjfa-28100	153	4	of	of	ADP
cjfa-28100	153	5	volatility	volatility	NOUN
cjfa-28100	153	6	converge	converge	VERB
cjfa-28100	153	7	to	to	ADP
cjfa-28100	153	8	the	the	DET
cjfa-28100	153	9	same	same	ADJ
cjfa-28100	153	10	normal	normal	ADJ
cjfa-28100	153	11	level	level	NOUN
cjfa-28100	153	12	of	of	ADP
cjfa-28100	153	13	volatility	volatility	NOUN
cjfa-28100	153	14	,	,	PUNCT
cjfa-28100	153	15	no	no	ADV
cjfa-28100	153	16	matter	matter	ADV
cjfa-28100	153	17	when	when	SCONJ
cjfa-28100	153	18	they	they	PRON
cjfa-28100	153	19	are	be	AUX
cjfa-28100	153	20	made	make	VERB
cjfa-28100	153	21	(	(	PUNCT
cjfa-28100	153	22	engle	engle	PROPN
cjfa-28100	153	23	&	&	CCONJ
cjfa-28100	153	24	patton	patton	PROPN
cjfa-28100	153	25	,	,	PUNCT
cjfa-28100	153	26	2001	2001	NUM
cjfa-28100	153	27	)	)	PUNCT
cjfa-28100	153	28	.	.	PUNCT
cjfa-28100	154	1	the	the	DET
cjfa-28100	154	2	mean	mean	ADJ
cjfa-28100	154	3	reverting	revert	VERB
cjfa-28100	154	4	form	form	NOUN
cjfa-28100	154	5	of	of	ADP
cjfa-28100	154	6	the	the	DET
cjfa-28100	154	7	garch	garch	NOUN
cjfa-28100	154	8	model	model	NOUN
cjfa-28100	154	9	is	be	AUX
cjfa-28100	154	10	given	give	VERB
cjfa-28100	154	11	as	as	ADP
cjfa-28100	154	12	:	:	PUNCT
cjfa-28100	154	13	is	be	AUX
cjfa-28100	154	14	the	the	DET
cjfa-28100	154	15	garch	garch	NOUN
cjfa-28100	154	16	term	term	NOUN
cjfa-28100	154	17	depicting	depict	VERB
cjfa-28100	154	18	kamaldeen	kamaldeen	VERB
cjfa-28100	154	19	ibraheem	ibraheem	ADJ
cjfa-28100	154	20	nageri80	nageri80	NOUN
cjfa-28100	154	21	the	the	DET
cjfa-28100	154	22	previous	previous	ADJ
cjfa-28100	154	23	period	period	NOUN
cjfa-28100	154	24	return	return	NOUN
cjfa-28100	154	25	variance	variance	NOUN
cjfa-28100	154	26	.	.	PUNCT
cjfa-28100	155	1	the	the	DET
cjfa-28100	155	2	garch	garch	NOUN
cjfa-28100	155	3	model	model	NOUN
cjfa-28100	155	4	implies	imply	VERB
cjfa-28100	155	5	that	that	SCONJ
cjfa-28100	155	6	the	the	DET
cjfa-28100	155	7	current	current	ADJ
cjfa-28100	155	8	value	value	NOUN
cjfa-28100	155	9	of	of	ADP
cjfa-28100	155	10	the	the	DET
cjfa-28100	155	11	return	return	NOUN
cjfa-28100	155	12	variance	variance	NOUN
cjfa-28100	155	13	is	be	AUX
cjfa-28100	155	14	a	a	DET
cjfa-28100	155	15	function	function	NOUN
cjfa-28100	155	16	of	of	ADP
cjfa-28100	155	17	a	a	DET
cjfa-28100	155	18	constant	constant	ADJ
cjfa-28100	155	19	and	and	CCONJ
cjfa-28100	155	20	values	value	NOUN
cjfa-28100	155	21	of	of	ADP
cjfa-28100	155	22	the	the	DET
cjfa-28100	155	23	squared	square	VERB
cjfa-28100	155	24	residual	residual	NOUN
cjfa-28100	155	25	from	from	ADP
cjfa-28100	155	26	the	the	DET
cjfa-28100	155	27	mean	mean	ADJ
cjfa-28100	155	28	return	return	NOUN
cjfa-28100	155	29	equation	equation	NOUN
cjfa-28100	155	30	plus	plus	CCONJ
cjfa-28100	155	31	values	value	NOUN
cjfa-28100	155	32	of	of	ADP
cjfa-28100	155	33	the	the	DET
cjfa-28100	155	34	previous	previous	ADJ
cjfa-28100	155	35	return	return	NOUN
cjfa-28100	155	36	variance	variance	NOUN
cjfa-28100	155	37	.	.	PUNCT
cjfa-28100	156	1	volatility	volatility	NOUN
cjfa-28100	156	2	clustering	clustering	NOUN
cjfa-28100	156	3	means	mean	VERB
cjfa-28100	156	4	that	that	SCONJ
cjfa-28100	156	5	period	period	NOUN
cjfa-28100	156	6	of	of	ADP
cjfa-28100	156	7	high	high	ADJ
cjfa-28100	156	8	volatility	volatility	NOUN
cjfa-28100	156	9	will	will	AUX
cjfa-28100	156	10	give	give	VERB
cjfa-28100	156	11	way	way	NOUN
cjfa-28100	156	12	to	to	ADP
cjfa-28100	156	13	normal	normal	ADJ
cjfa-28100	156	14	(	(	PUNCT
cjfa-28100	156	15	low	low	ADJ
cjfa-28100	156	16	)	)	PUNCT
cjfa-28100	156	17	volatility	volatility	NOUN
cjfa-28100	156	18	and	and	CCONJ
cjfa-28100	156	19	period	period	NOUN
cjfa-28100	156	20	of	of	ADP
cjfa-28100	156	21	low	low	ADJ
cjfa-28100	156	22	volatility	volatility	NOUN
cjfa-28100	156	23	will	will	AUX
cjfa-28100	156	24	be	be	AUX
cjfa-28100	156	25	followed	follow	VERB
cjfa-28100	156	26	by	by	ADP
cjfa-28100	156	27	high	high	ADJ
cjfa-28100	156	28	volatility	volatility	NOUN
cjfa-28100	156	29	which	which	PRON
cjfa-28100	156	30	implies	imply	VERB
cjfa-28100	156	31	that	that	SCONJ
cjfa-28100	156	32	volatility	volatility	NOUN
cjfa-28100	156	33	come	come	VERB
cjfa-28100	156	34	and	and	CCONJ
cjfa-28100	156	35	go	go	VERB
cjfa-28100	156	36	.	.	PUNCT
cjfa-28100	157	1	mean	mean	VERB
cjfa-28100	157	2	reversion	reversion	NOUN
cjfa-28100	157	3	in	in	ADP
cjfa-28100	157	4	volatility	volatility	NOUN
cjfa-28100	157	5	implies	imply	VERB
cjfa-28100	157	6	that	that	SCONJ
cjfa-28100	157	7	there	there	PRON
cjfa-28100	157	8	is	be	VERB
cjfa-28100	157	9	a	a	DET
cjfa-28100	157	10	normal	normal	ADJ
cjfa-28100	157	11	level	level	NOUN
cjfa-28100	157	12	of	of	ADP
cjfa-28100	157	13	volatility	volatility	NOUN
cjfa-28100	157	14	to	to	PART
cjfa-28100	157	15	which	which	PRON
cjfa-28100	157	16	volatility	volatility	NOUN
cjfa-28100	157	17	will	will	AUX
cjfa-28100	157	18	eventually	eventually	ADV
cjfa-28100	157	19	return	return	VERB
cjfa-28100	157	20	.	.	PUNCT
cjfa-28100	158	1	long	long	ADJ
cjfa-28100	158	2	run	run	VERB
cjfa-28100	158	3	forecasts	forecast	NOUN
cjfa-28100	158	4	of	of	ADP
cjfa-28100	158	5	volatility	volatility	NOUN
cjfa-28100	158	6	converge	converge	VERB
cjfa-28100	158	7	to	to	ADP
cjfa-28100	158	8	the	the	DET
cjfa-28100	158	9	same	same	ADJ
cjfa-28100	158	10	normal	normal	ADJ
cjfa-28100	158	11	level	level	NOUN
cjfa-28100	158	12	of	of	ADP
cjfa-28100	158	13	volatility	volatility	NOUN
cjfa-28100	158	14	,	,	PUNCT
cjfa-28100	158	15	no	no	ADV
cjfa-28100	158	16	matter	matter	ADV
cjfa-28100	158	17	when	when	SCONJ
cjfa-28100	158	18	they	they	PRON
cjfa-28100	158	19	are	be	AUX
cjfa-28100	158	20	made	make	VERB
cjfa-28100	158	21	(	(	PUNCT
cjfa-28100	158	22	engle	engle	PROPN
cjfa-28100	158	23	&	&	CCONJ
cjfa-28100	158	24	patton	patton	PROPN
cjfa-28100	158	25	,	,	PUNCT
cjfa-28100	158	26	2001	2001	NUM
cjfa-28100	158	27	)	)	PUNCT
cjfa-28100	158	28	.	.	PUNCT
cjfa-28100	159	1	the	the	DET
cjfa-28100	159	2	mean	mean	ADJ
cjfa-28100	159	3	reverting	revert	VERB
cjfa-28100	159	4	form	form	NOUN
cjfa-28100	159	5	of	of	ADP
cjfa-28100	159	6	the	the	DET
cjfa-28100	159	7	garch	garch	NOUN
cjfa-28100	159	8	model	model	NOUN
cjfa-28100	159	9	is	be	AUX
cjfa-28100	159	10	given	give	VERB
cjfa-28100	159	11	as	as	ADP
cjfa-28100	159	12	:	:	PUNCT
cjfa-28100	159	13	�	�	PROPN
cjfa-28100	159	14	�	�	PROPN
cjfa-28100	159	15	�	�	PROPN
cjfa-28100	159	16	�	�	PROPN
cjfa-28100	159	17	�	�	PROPN
cjfa-28100	159	18	�	�	PROPN
cjfa-28100	159	19	�	�	PROPN
cjfa-28100	159	20	=	=	SYM
cjfa-28100	159	21	(	(	PUNCT
cjfa-28100	159	22	�	�	PROPN
cjfa-28100	159	23	�	�	PROPN
cjfa-28100	159	24	�	�	PROPN
cjfa-28100	159	25	)	)	PUNCT
cjfa-28100	159	26	(	(	PUNCT
cjfa-28100	159	27	�	�	PROPN
cjfa-28100	159	28	�	�	PROPN
cjfa-28100	159	29	�	�	PROPN
cjfa-28100	159	30	�	�	PROPN
cjfa-28100	159	31	�	�	PROPN
cjfa-28100	159	32	�	�	PROPN
cjfa-28100	159	33	�	�	PROPN
cjfa-28100	159	34	�	�	PROPN
cjfa-28100	159	35	�	�	PROPN
cjfa-28100	159	36	)	)	PUNCT
cjfa-28100	160	1	�	�	PROPN
cjfa-28100	160	2	�	�	PROPN
cjfa-28100	160	3	�	�	PROPN
cjfa-28100	160	4	�	�	PROPN
cjfa-28100	160	5	�	�	PROPN
cjfa-28100	160	6	�	�	PROPN
cjfa-28100	160	7	�	�	PROPN
cjfa-28100	160	8	�	�	PROPN
cjfa-28100	160	9	(	(	PUNCT
cjfa-28100	160	10	10	10	NUM
cjfa-28100	160	11	)	)	PUNCT
cjfa-28100	160	12	where	where	SCONJ
cjfa-28100	160	13	�	�	PROPN
cjfa-28100	160	14	�	�	PROPN
cjfa-28100	160	15	�	�	PROPN
cjfa-28100	160	16	=	=	SYM
cjfa-28100	160	17	�	�	PROPN
cjfa-28100	160	18	�	�	PROPN
cjfa-28100	160	19	(	(	PUNCT
cjfa-28100	160	20	�	�	PROPN
cjfa-28100	160	21	�	�	PROPN
cjfa-28100	160	22	�	�	PROPN
cjfa-28100	160	23	�	�	PROPN
cjfa-28100	160	24	�	�	PROPN
cjfa-28100	160	25	)	)	PUNCT
cjfa-28100	160	26	is	be	AUX
cjfa-28100	160	27	the	the	DET
cjfa-28100	160	28	unconditional	unconditional	ADJ
cjfa-28100	160	29	long	long	ADJ
cjfa-28100	160	30	run	run	NOUN
cjfa-28100	160	31	magnitude	magnitude	NOUN
cjfa-28100	160	32	of	of	ADP
cjfa-28100	160	33	volatility	volatility	NOUN
cjfa-28100	160	34	persistence	persistence	NOUN
cjfa-28100	160	35	and	and	CCONJ
cjfa-28100	160	36	�	�	PROPN
cjfa-28100	160	37	�	�	PROPN
cjfa-28100	160	38	=	=	SYM
cjfa-28100	160	39	(	(	PUNCT
cjfa-28100	160	40	�	�	PROPN
cjfa-28100	160	41	�	�	PROPN
cjfa-28100	160	42	�	�	PROPN
cjfa-28100	160	43	�	�	PROPN
cjfa-28100	160	44	�	�	PROPN
cjfa-28100	160	45	�	�	PROPN
cjfa-28100	160	46	�	�	PROPN
cjfa-28100	160	47	)	)	PUNCT
cjfa-28100	160	48	.	.	PUNCT
cjfa-28100	161	1	the	the	DET
cjfa-28100	161	2	mean	mean	ADJ
cjfa-28100	161	3	reverting	revert	VERB
cjfa-28100	161	4	rate	rate	NOUN
cjfa-28100	161	5	�	�	PROPN
cjfa-28100	161	6	�	�	PROPN
cjfa-28100	161	7	�	�	PROPN
cjfa-28100	161	8	in	in	ADP
cjfa-28100	161	9	a	a	DET
cjfa-28100	161	10	good	good	ADJ
cjfa-28100	161	11	fitted	fit	VERB
cjfa-28100	161	12	model	model	NOUN
cjfa-28100	161	13	is	be	AUX
cjfa-28100	161	14	usually	usually	ADV
cjfa-28100	161	15	very	very	ADV
cjfa-28100	161	16	close	close	ADJ
cjfa-28100	161	17	to	to	ADP
cjfa-28100	161	18	1	1	NUM
cjfa-28100	161	19	which	which	PRON
cjfa-28100	161	20	controls	control	VERB
cjfa-28100	161	21	the	the	DET
cjfa-28100	161	22	magnitude	magnitude	NOUN
cjfa-28100	161	23	of	of	ADP
cjfa-28100	161	24	mean	mean	ADJ
cjfa-28100	161	25	reversion	reversion	NOUN
cjfa-28100	161	26	(	(	PUNCT
cjfa-28100	161	27	volatility	volatility	NOUN
cjfa-28100	161	28	persistence	persistence	NOUN
cjfa-28100	161	29	)	)	PUNCT
cjfa-28100	161	30	.	.	PUNCT
cjfa-28100	162	1	if	if	SCONJ
cjfa-28100	162	2	the	the	DET
cjfa-28100	162	3	variance	variance	NOUN
cjfa-28100	162	4	spikes	spike	VERB
cjfa-28100	162	5	up	up	ADP
cjfa-28100	162	6	during	during	ADP
cjfa-28100	162	7	crisis	crisis	NOUN
cjfa-28100	162	8	,	,	PUNCT
cjfa-28100	162	9	the	the	DET
cjfa-28100	162	10	number	number	NOUN
cjfa-28100	162	11	of	of	ADP
cjfa-28100	162	12	periods	period	NOUN
cjfa-28100	162	13	until	until	SCONJ
cjfa-28100	162	14	it	it	PRON
cjfa-28100	162	15	is	be	AUX
cjfa-28100	162	16	halfway	halfway	ADV
cjfa-28100	162	17	between	between	ADP
cjfa-28100	162	18	the	the	DET
cjfa-28100	162	19	first	first	ADJ
cjfa-28100	162	20	forecast	forecast	NOUN
cjfa-28100	162	21	and	and	CCONJ
cjfa-28100	162	22	the	the	DET
cjfa-28100	162	23	unconditional	unconditional	ADJ
cjfa-28100	162	24	variance	variance	NOUN
cjfa-28100	162	25	is	be	AUX
cjfa-28100	162	26	(	(	PUNCT
cjfa-28100	162	27	�	�	PROPN
cjfa-28100	162	28	�	�	PROPN
cjfa-28100	162	29	�	�	PROPN
cjfa-28100	162	30	)	)	PUNCT
cjfa-28100	162	31	�	�	PROPN
cjfa-28100	162	32	=	=	SYM
cjfa-28100	162	33	�	�	PROPN
cjfa-28100	162	34	�	�	PROPN
cjfa-28100	162	35	=	=	NUM
cjfa-28100	162	36	0.5	0.5	NUM
cjfa-28100	162	37	.	.	PUNCT
cjfa-28100	163	1	thus	thus	ADV
cjfa-28100	163	2	,	,	PUNCT
cjfa-28100	163	3	the	the	DET
cjfa-28100	163	4	half	half	ADJ
cjfa-28100	163	5	-	-	PUNCT
cjfa-28100	163	6	life	life	NOUN
cjfa-28100	163	7	of	of	ADP
cjfa-28100	163	8	volatility	volatility	NOUN
cjfa-28100	163	9	shock	shock	NOUN
cjfa-28100	163	10	is	be	AUX
cjfa-28100	163	11	given	give	VERB
cjfa-28100	163	12	by	by	ADP
cjfa-28100	163	13	zivot	zivot	PROPN
cjfa-28100	163	14	and	and	CCONJ
cjfa-28100	163	15	wang	wang	PROPN
cjfa-28100	163	16	(	(	PUNCT
cjfa-28100	163	17	2006	2006	NUM
cjfa-28100	163	18	)	)	PUNCT
cjfa-28100	163	19	and	and	CCONJ
cjfa-28100	163	20	reider	reider	NOUN
cjfa-28100	163	21	(	(	PUNCT
cjfa-28100	163	22	2009	2009	NUM
cjfa-28100	163	23	)	)	PUNCT
cjfa-28100	163	24	as	as	ADP
cjfa-28100	163	25	:	:	PUNCT
cjfa-28100	163	26	�	�	PROPN
cjfa-28100	163	27	(	(	PUNCT
cjfa-28100	163	28	�	�	PROPN
cjfa-28100	163	29	�	�	PROPN
cjfa-28100	163	30	�	�	PROPN
cjfa-28100	163	31	�	�	PROPN
cjfa-28100	163	32	�	�	PROPN
cjfa-28100	163	33	�	�	PROPN
cjfa-28100	163	34	�	�	PROPN
cjfa-28100	163	35	�	�	PROPN
cjfa-28100	163	36	)	)	PUNCT
cjfa-28100	163	37	=	=	SYM
cjfa-28100	163	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	163	39	)	)	PUNCT
cjfa-28100	163	40	�	�	PROPN
cjfa-28100	163	41	�	�	PROPN
cjfa-28100	163	42	�	�	PROPN
cjfa-28100	163	43	(	(	PUNCT
cjfa-28100	163	44	�	�	PROPN
cjfa-28100	163	45	�	�	PROPN
cjfa-28100	163	46	�	�	PROPN
cjfa-28100	163	47	)	)	PUNCT
cjfa-28100	163	48	(	(	PUNCT
cjfa-28100	163	49	11	11	NUM
cjfa-28100	163	50	)	)	PUNCT
cjfa-28100	163	51	according	accord	VERB
cjfa-28100	163	52	to	to	ADP
cjfa-28100	163	53	the	the	DET
cjfa-28100	163	54	garch	garch	NOUN
cjfa-28100	163	55	model	model	NOUN
cjfa-28100	163	56	and	and	CCONJ
cjfa-28100	163	57	the	the	DET
cjfa-28100	163	58	mean	mean	ADJ
cjfa-28100	163	59	reverting	revert	VERB
cjfa-28100	163	60	model	model	NOUN
cjfa-28100	163	61	,	,	PUNCT
cjfa-28100	163	62	it	it	PRON
cjfa-28100	163	63	is	be	AUX
cjfa-28100	163	64	expected	expect	VERB
cjfa-28100	163	65	that	that	SCONJ
cjfa-28100	163	66	�	�	PROPN
cjfa-28100	163	67	,	,	PUNCT
cjfa-28100	163	68	�	�	PROPN
cjfa-28100	163	69	>	>	X
cjfa-28100	163	70	0	0	PUNCT
cjfa-28100	163	71	and	and	CCONJ
cjfa-28100	163	72	(	(	PUNCT
cjfa-28100	163	73	�	�	PROPN
cjfa-28100	163	74	+	+	CCONJ
cjfa-28100	163	75	�	�	PROPN
cjfa-28100	163	76	)	)	PUNCT
cjfa-28100	163	77	<	<	X
cjfa-28100	163	78	1	1	X
cjfa-28100	163	79	.	.	PUNCT
cjfa-28100	163	80	indicating	indicate	VERB
cjfa-28100	163	81	that	that	SCONJ
cjfa-28100	163	82	the	the	DET
cjfa-28100	163	83	past	past	ADJ
cjfa-28100	163	84	squared	squared	ADJ
cjfa-28100	163	85	residual	residual	ADJ
cjfa-28100	163	86	of	of	ADP
cjfa-28100	163	87	the	the	DET
cjfa-28100	163	88	mean	mean	ADJ
cjfa-28100	163	89	return	return	NOUN
cjfa-28100	163	90	and	and	CCONJ
cjfa-28100	163	91	the	the	DET
cjfa-28100	163	92	past	past	ADJ
cjfa-28100	163	93	return	return	NOUN
cjfa-28100	163	94	variance	variance	NOUN
cjfa-28100	163	95	information	information	NOUN
cjfa-28100	163	96	individually	individually	ADV
cjfa-28100	163	97	and	and	CCONJ
cjfa-28100	163	98	jointly	jointly	ADV
cjfa-28100	163	99	can	can	AUX
cjfa-28100	163	100	not	not	PART
cjfa-28100	163	101	influence	influence	VERB
cjfa-28100	163	102	the	the	DET
cjfa-28100	163	103	current	current	ADJ
cjfa-28100	163	104	return	return	NOUN
cjfa-28100	163	105	variance	variance	NOUN
cjfa-28100	163	106	while	while	SCONJ
cjfa-28100	163	107	the	the	DET
cjfa-28100	163	108	addition	addition	NOUN
cjfa-28100	163	109	(	(	PUNCT
cjfa-28100	163	110	sum	sum	NOUN
cjfa-28100	163	111	)	)	PUNCT
cjfa-28100	163	112	of	of	ADP
cjfa-28100	163	113	�	�	PROPN
cjfa-28100	163	114	+	+	CCONJ
cjfa-28100	163	115	�	�	PROPN
cjfa-28100	163	116	reflect	reflect	VERB
cjfa-28100	163	117	the	the	DET
cjfa-28100	163	118	magnitude	magnitude	NOUN
cjfa-28100	163	119	of	of	ADP
cjfa-28100	163	120	volatility	volatility	NOUN
cjfa-28100	163	121	persistence	persistence	NOUN
cjfa-28100	163	122	in	in	ADP
cjfa-28100	163	123	return	return	NOUN
cjfa-28100	163	124	series	series	NOUN
cjfa-28100	163	125	.	.	PUNCT
cjfa-28100	164	1	the	the	DET
cjfa-28100	164	2	conditional	conditional	ADJ
cjfa-28100	164	3	distributions	distribution	NOUN
cjfa-28100	164	4	for	for	ADP
cjfa-28100	164	5	the	the	DET
cjfa-28100	164	6	standardized	standardized	ADJ
cjfa-28100	164	7	residuals	residual	NOUN
cjfa-28100	164	8	of	of	ADP
cjfa-28100	164	9	returns	return	NOUN
cjfa-28100	164	10	innovations	innovation	NOUN
cjfa-28100	164	11	were	be	AUX
cjfa-28100	164	12	estimated	estimate	VERB
cjfa-28100	164	13	under	under	ADP
cjfa-28100	164	14	the	the	DET
cjfa-28100	164	15	gaussian	gaussian	ADJ
cjfa-28100	164	16	distribution	distribution	NOUN
cjfa-28100	164	17	,	,	PUNCT
cjfa-28100	164	18	student’s	student’s	NOUN
cjfa-28100	164	19	-	-	PUNCT
cjfa-28100	164	20	t	t	NOUN
cjfa-28100	164	21	distribution	distribution	NOUN
cjfa-28100	164	22	,	,	PUNCT
cjfa-28100	164	23	and	and	CCONJ
cjfa-28100	164	24	the	the	DET
cjfa-28100	164	25	generalised	generalise	VERB
cjfa-28100	164	26	error	error	NOUN
cjfa-28100	164	27	distribution	distribution	NOUN
cjfa-28100	164	28	(	(	PUNCT
cjfa-28100	164	29	ged	ge	VERB
cjfa-28100	164	30	)	)	PUNCT
cjfa-28100	164	31	for	for	ADP
cjfa-28100	164	32	the	the	DET
cjfa-28100	164	33	empirical	empirical	ADJ
cjfa-28100	164	34	analysis	analysis	NOUN
cjfa-28100	164	35	are	be	AUX
cjfa-28100	164	36	stated	state	VERB
cjfa-28100	164	37	as	as	ADP
cjfa-28100	164	38	;	;	PUNCT
cjfa-28100	164	39	the	the	DET
cjfa-28100	164	40	gaussian	gaussian	NOUN
cjfa-28100	164	41	(	(	PUNCT
cjfa-28100	164	42	normal	normal	ADJ
cjfa-28100	164	43	)	)	PUNCT
cjfa-28100	164	44	distribution	distribution	NOUN
cjfa-28100	164	45	;	;	PUNCT
cjfa-28100	164	46	�	�	PROPN
cjfa-28100	164	47	(	(	PUNCT
cjfa-28100	164	48	�	�	PROPN
cjfa-28100	164	49	)	)	PUNCT
cjfa-28100	164	50	=	=	SYM
cjfa-28100	164	51	�	�	PROPN
cjfa-28100	164	52	√	√	NUM
cjfa-28100	164	53	�	�	PROPN
cjfa-28100	164	54	�	�	PROPN
cjfa-28100	164	55	�	�	PROPN
cjfa-28100	164	56	�	�	PROPN
cjfa-28100	164	57	�	�	PROPN
cjfa-28100	164	58	�	�	PROPN
cjfa-28100	164	59	(	(	PUNCT
cjfa-28100	164	60	�	�	PROPN
cjfa-28100	164	61	�	�	PROPN
cjfa-28100	164	62	�	�	PROPN
cjfa-28100	164	63	)	)	PUNCT
cjfa-28100	164	64	�	�	PROPN
cjfa-28100	164	65	�	�	PROPN
cjfa-28100	164	66	�	�	PROPN
cjfa-28100	164	67	�	�	PROPN
cjfa-28100	164	68	(	(	PUNCT
cjfa-28100	164	69	12	12	NUM
cjfa-28100	164	70	)	)	PUNCT
cjfa-28100	164	71	where	where	SCONJ
cjfa-28100	164	72	�	�	PROPN
cjfa-28100	164	73	is	be	AUX
cjfa-28100	164	74	the	the	DET
cjfa-28100	164	75	mean	mean	ADJ
cjfa-28100	164	76	value	value	NOUN
cjfa-28100	164	77	and	and	CCONJ
cjfa-28100	164	78	�	�	PROPN
cjfa-28100	164	79	�	�	PROPN
cjfa-28100	164	80	is	be	AUX
cjfa-28100	164	81	the	the	DET
cjfa-28100	164	82	variance	variance	NOUN
cjfa-28100	164	83	of	of	ADP
cjfa-28100	164	84	the	the	DET
cjfa-28100	164	85	error	error	NOUN
cjfa-28100	164	86	from	from	ADP
cjfa-28100	164	87	the	the	DET
cjfa-28100	164	88	return	return	NOUN
cjfa-28100	164	89	equation	equation	NOUN
cjfa-28100	164	90	.	.	PUNCT
cjfa-28100	165	1	it	it	PRON
cjfa-28100	165	2	considers	consider	VERB
cjfa-28100	165	3	the	the	DET
cjfa-28100	165	4	mean	mean	ADJ
cjfa-28100	165	5	value	value	NOUN
cjfa-28100	165	6	(	(	PUNCT
cjfa-28100	165	7	�	�	PROPN
cjfa-28100	165	8	)	)	PUNCT
cjfa-28100	165	9	=	=	SYM
cjfa-28100	165	10	0	0	NUM
cjfa-28100	165	11	and	and	CCONJ
cjfa-28100	165	12	variance	variance	NOUN
cjfa-28100	165	13	(	(	PUNCT
cjfa-28100	165	14	�	�	NOUN
cjfa-28100	165	15	�	�	PROPN
cjfa-28100	165	16	)	)	PUNCT
cjfa-28100	165	17	=	=	SYM
cjfa-28100	166	1	1	1	X
cjfa-28100	166	2	.	.	PUNCT
cjfa-28100	167	1	the	the	DET
cjfa-28100	167	2	student’s	student’s	NOUN
cjfa-28100	167	3	-	-	PUNCT
cjfa-28100	167	4	t	t	NOUN
cjfa-28100	167	5	distribution	distribution	NOUN
cjfa-28100	167	6	;	;	PUNCT
cjfa-28100	167	7	�	�	PROPN
cjfa-28100	167	8	(	(	PUNCT
cjfa-28100	167	9	�	�	PROPN
cjfa-28100	167	10	)	)	PUNCT
cjfa-28100	167	11	=	=	SYM
cjfa-28100	167	12	�	�	PROPN
cjfa-28100	167	13	�	�	PROPN
cjfa-28100	167	14	�	�	PROPN
cjfa-28100	167	15	�	�	PROPN
cjfa-28100	167	16	�	�	PROPN
cjfa-28100	167	17	�	�	PROPN
cjfa-28100	167	18	]	]	PUNCT
cjfa-28100	167	19	�	�	PROPN
cjfa-28100	167	20	�	�	PROPN
cjfa-28100	167	21	�	�	PROPN
cjfa-28100	167	22	�	�	PROPN
cjfa-28100	167	23	�	�	PROPN
cjfa-28100	167	24	�	�	PROPN
cjfa-28100	167	25	]	]	PUNCT
cjfa-28100	167	26	(	(	PUNCT
cjfa-28100	167	27	�	�	PROPN
cjfa-28100	167	28	�	�	PROPN
cjfa-28100	167	29	�	�	PROPN
cjfa-28100	167	30	�	�	PROPN
cjfa-28100	167	31	�	�	PROPN
cjfa-28100	167	32	)	)	PUNCT
cjfa-28100	167	33	�	�	PROPN
cjfa-28100	167	34	�	�	PROPN
cjfa-28100	167	35	�	�	PROPN
cjfa-28100	167	36	�	�	PROPN
cjfa-28100	167	37	(	(	PUNCT
cjfa-28100	167	38	13	13	NUM
cjfa-28100	167	39	)	)	PUNCT
cjfa-28100	167	40	(	(	PUNCT
cjfa-28100	167	41	10	10	NUM
cjfa-28100	167	42	)	)	PUNCT
cjfa-28100	168	1	where	where	SCONJ
cjfa-28100	168	2	�	�	PROPN
cjfa-28100	168	3	�	�	PROPN
cjfa-28100	168	4	�	�	PROPN
cjfa-28100	168	5	�	�	PROPN
cjfa-28100	168	6	�	�	PROPN
cjfa-28100	168	7	�	�	PROPN
cjfa-28100	168	8	�	�	PROPN
cjfa-28100	168	9	=	=	SYM
cjfa-28100	168	10	(	(	PUNCT
cjfa-28100	168	11	�	�	PROPN
cjfa-28100	168	12	�	�	PROPN
cjfa-28100	168	13	�	�	PROPN
cjfa-28100	168	14	)	)	PUNCT
cjfa-28100	168	15	(	(	PUNCT
cjfa-28100	168	16	�	�	PROPN
cjfa-28100	168	17	�	�	PROPN
cjfa-28100	168	18	�	�	PROPN
cjfa-28100	168	19	�	�	PROPN
cjfa-28100	168	20	�	�	PROPN
cjfa-28100	168	21	�	�	PROPN
cjfa-28100	168	22	�	�	PROPN
cjfa-28100	168	23	�	�	PROPN
cjfa-28100	168	24	�	�	PROPN
cjfa-28100	168	25	)	)	PUNCT
cjfa-28100	168	26	�	�	PROPN
cjfa-28100	168	27	�	�	PROPN
cjfa-28100	168	28	�	�	PROPN
cjfa-28100	168	29	�	�	PROPN
cjfa-28100	168	30	�	�	PROPN
cjfa-28100	168	31	�	�	PROPN
cjfa-28100	168	32	�	�	PROPN
cjfa-28100	168	33	�	�	PROPN
cjfa-28100	168	34	(	(	PUNCT
cjfa-28100	168	35	10	10	NUM
cjfa-28100	168	36	)	)	PUNCT
cjfa-28100	168	37	where	where	SCONJ
cjfa-28100	168	38	�	�	PROPN
cjfa-28100	168	39	�	�	PROPN
cjfa-28100	168	40	�	�	PROPN
cjfa-28100	168	41	=	=	SYM
cjfa-28100	168	42	�	�	PROPN
cjfa-28100	168	43	�	�	PROPN
cjfa-28100	168	44	(	(	PUNCT
cjfa-28100	168	45	�	�	PROPN
cjfa-28100	168	46	�	�	PROPN
cjfa-28100	168	47	�	�	PROPN
cjfa-28100	168	48	�	�	PROPN
cjfa-28100	168	49	�	�	PROPN
cjfa-28100	168	50	)	)	PUNCT
cjfa-28100	168	51	is	be	AUX
cjfa-28100	168	52	the	the	DET
cjfa-28100	168	53	unconditional	unconditional	ADJ
cjfa-28100	168	54	long	long	ADJ
cjfa-28100	168	55	run	run	NOUN
cjfa-28100	168	56	magnitude	magnitude	NOUN
cjfa-28100	168	57	of	of	ADP
cjfa-28100	168	58	volatility	volatility	NOUN
cjfa-28100	168	59	persistence	persistence	NOUN
cjfa-28100	168	60	and	and	CCONJ
cjfa-28100	168	61	�	�	PROPN
cjfa-28100	168	62	�	�	PROPN
cjfa-28100	168	63	=	=	SYM
cjfa-28100	168	64	(	(	PUNCT
cjfa-28100	168	65	�	�	PROPN
cjfa-28100	168	66	�	�	PROPN
cjfa-28100	168	67	�	�	PROPN
cjfa-28100	168	68	�	�	PROPN
cjfa-28100	168	69	�	�	PROPN
cjfa-28100	168	70	�	�	PROPN
cjfa-28100	168	71	�	�	PROPN
cjfa-28100	168	72	)	)	PUNCT
cjfa-28100	168	73	.	.	PUNCT
cjfa-28100	169	1	the	the	DET
cjfa-28100	169	2	mean	mean	ADJ
cjfa-28100	169	3	reverting	revert	VERB
cjfa-28100	169	4	rate	rate	NOUN
cjfa-28100	169	5	�	�	PROPN
cjfa-28100	169	6	�	�	PROPN
cjfa-28100	169	7	�	�	PROPN
cjfa-28100	169	8	in	in	ADP
cjfa-28100	169	9	a	a	DET
cjfa-28100	169	10	good	good	ADJ
cjfa-28100	169	11	fitted	fit	VERB
cjfa-28100	169	12	model	model	NOUN
cjfa-28100	169	13	is	be	AUX
cjfa-28100	169	14	usually	usually	ADV
cjfa-28100	169	15	very	very	ADV
cjfa-28100	169	16	close	close	ADJ
cjfa-28100	169	17	to	to	ADP
cjfa-28100	169	18	1	1	NUM
cjfa-28100	169	19	which	which	PRON
cjfa-28100	169	20	controls	control	VERB
cjfa-28100	169	21	the	the	DET
cjfa-28100	169	22	magnitude	magnitude	NOUN
cjfa-28100	169	23	of	of	ADP
cjfa-28100	169	24	mean	mean	ADJ
cjfa-28100	169	25	reversion	reversion	NOUN
cjfa-28100	169	26	(	(	PUNCT
cjfa-28100	169	27	volatility	volatility	NOUN
cjfa-28100	169	28	persistence	persistence	NOUN
cjfa-28100	169	29	)	)	PUNCT
cjfa-28100	169	30	.	.	PUNCT
cjfa-28100	170	1	if	if	SCONJ
cjfa-28100	170	2	the	the	DET
cjfa-28100	170	3	variance	variance	NOUN
cjfa-28100	170	4	spikes	spike	VERB
cjfa-28100	170	5	up	up	ADP
cjfa-28100	170	6	during	during	ADP
cjfa-28100	170	7	crisis	crisis	NOUN
cjfa-28100	170	8	,	,	PUNCT
cjfa-28100	170	9	the	the	DET
cjfa-28100	170	10	number	number	NOUN
cjfa-28100	170	11	of	of	ADP
cjfa-28100	170	12	periods	period	NOUN
cjfa-28100	170	13	until	until	SCONJ
cjfa-28100	170	14	it	it	PRON
cjfa-28100	170	15	is	be	AUX
cjfa-28100	170	16	halfway	halfway	ADV
cjfa-28100	170	17	between	between	ADP
cjfa-28100	170	18	the	the	DET
cjfa-28100	170	19	first	first	ADJ
cjfa-28100	170	20	forecast	forecast	NOUN
cjfa-28100	170	21	and	and	CCONJ
cjfa-28100	170	22	the	the	DET
cjfa-28100	170	23	unconditional	unconditional	ADJ
cjfa-28100	170	24	variance	variance	NOUN
cjfa-28100	170	25	is	be	AUX
cjfa-28100	170	26	(	(	PUNCT
cjfa-28100	170	27	�	�	PROPN
cjfa-28100	170	28	�	�	PROPN
cjfa-28100	170	29	�	�	PROPN
cjfa-28100	170	30	)	)	PUNCT
cjfa-28100	170	31	�	�	PROPN
cjfa-28100	170	32	=	=	SYM
cjfa-28100	170	33	�	�	PROPN
cjfa-28100	170	34	�	�	PROPN
cjfa-28100	170	35	=	=	NUM
cjfa-28100	170	36	0.5	0.5	NUM
cjfa-28100	170	37	.	.	PUNCT
cjfa-28100	171	1	thus	thus	ADV
cjfa-28100	171	2	,	,	PUNCT
cjfa-28100	171	3	the	the	DET
cjfa-28100	171	4	half	half	ADJ
cjfa-28100	171	5	-	-	PUNCT
cjfa-28100	171	6	life	life	NOUN
cjfa-28100	171	7	of	of	ADP
cjfa-28100	171	8	volatility	volatility	NOUN
cjfa-28100	171	9	shock	shock	NOUN
cjfa-28100	171	10	is	be	AUX
cjfa-28100	171	11	given	give	VERB
cjfa-28100	171	12	by	by	ADP
cjfa-28100	171	13	zivot	zivot	PROPN
cjfa-28100	171	14	and	and	CCONJ
cjfa-28100	171	15	wang	wang	PROPN
cjfa-28100	171	16	(	(	PUNCT
cjfa-28100	171	17	2006	2006	NUM
cjfa-28100	171	18	)	)	PUNCT
cjfa-28100	171	19	and	and	CCONJ
cjfa-28100	171	20	reider	reider	NOUN
cjfa-28100	171	21	(	(	PUNCT
cjfa-28100	171	22	2009	2009	NUM
cjfa-28100	171	23	)	)	PUNCT
cjfa-28100	171	24	as	as	ADP
cjfa-28100	171	25	:	:	PUNCT
cjfa-28100	171	26	�	�	PROPN
cjfa-28100	171	27	(	(	PUNCT
cjfa-28100	171	28	�	�	PROPN
cjfa-28100	171	29	�	�	PROPN
cjfa-28100	171	30	�	�	PROPN
cjfa-28100	171	31	�	�	PROPN
cjfa-28100	171	32	�	�	PROPN
cjfa-28100	171	33	�	�	PROPN
cjfa-28100	171	34	�	�	PROPN
cjfa-28100	171	35	�	�	PROPN
cjfa-28100	171	36	)	)	PUNCT
cjfa-28100	171	37	=	=	SYM
cjfa-28100	171	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	171	39	)	)	PUNCT
cjfa-28100	171	40	�	�	PROPN
cjfa-28100	171	41	�	�	PROPN
cjfa-28100	171	42	�	�	PROPN
cjfa-28100	171	43	(	(	PUNCT
cjfa-28100	171	44	�	�	PROPN
cjfa-28100	171	45	�	�	PROPN
cjfa-28100	171	46	�	�	PROPN
cjfa-28100	171	47	)	)	PUNCT
cjfa-28100	171	48	(	(	PUNCT
cjfa-28100	171	49	11	11	NUM
cjfa-28100	171	50	)	)	PUNCT
cjfa-28100	171	51	according	accord	VERB
cjfa-28100	171	52	to	to	ADP
cjfa-28100	171	53	the	the	DET
cjfa-28100	171	54	garch	garch	NOUN
cjfa-28100	171	55	model	model	NOUN
cjfa-28100	171	56	and	and	CCONJ
cjfa-28100	171	57	the	the	DET
cjfa-28100	171	58	mean	mean	ADJ
cjfa-28100	171	59	reverting	revert	VERB
cjfa-28100	171	60	model	model	NOUN
cjfa-28100	171	61	,	,	PUNCT
cjfa-28100	171	62	it	it	PRON
cjfa-28100	171	63	is	be	AUX
cjfa-28100	171	64	expected	expect	VERB
cjfa-28100	171	65	that	that	SCONJ
cjfa-28100	171	66	�	�	PROPN
cjfa-28100	171	67	,	,	PUNCT
cjfa-28100	171	68	�	�	PROPN
cjfa-28100	171	69	>	>	X
cjfa-28100	171	70	0	0	PUNCT
cjfa-28100	171	71	and	and	CCONJ
cjfa-28100	171	72	(	(	PUNCT
cjfa-28100	171	73	�	�	PROPN
cjfa-28100	171	74	+	+	CCONJ
cjfa-28100	171	75	�	�	PROPN
cjfa-28100	171	76	)	)	PUNCT
cjfa-28100	171	77	<	<	X
cjfa-28100	171	78	1	1	X
cjfa-28100	171	79	.	.	PUNCT
cjfa-28100	171	80	indicating	indicate	VERB
cjfa-28100	171	81	that	that	SCONJ
cjfa-28100	171	82	the	the	DET
cjfa-28100	171	83	past	past	ADJ
cjfa-28100	171	84	squared	squared	ADJ
cjfa-28100	171	85	residual	residual	ADJ
cjfa-28100	171	86	of	of	ADP
cjfa-28100	171	87	the	the	DET
cjfa-28100	171	88	mean	mean	ADJ
cjfa-28100	171	89	return	return	NOUN
cjfa-28100	171	90	and	and	CCONJ
cjfa-28100	171	91	the	the	DET
cjfa-28100	171	92	past	past	ADJ
cjfa-28100	171	93	return	return	NOUN
cjfa-28100	171	94	variance	variance	NOUN
cjfa-28100	171	95	information	information	NOUN
cjfa-28100	171	96	individually	individually	ADV
cjfa-28100	171	97	and	and	CCONJ
cjfa-28100	171	98	jointly	jointly	ADV
cjfa-28100	171	99	can	can	AUX
cjfa-28100	171	100	not	not	PART
cjfa-28100	171	101	influence	influence	VERB
cjfa-28100	171	102	the	the	DET
cjfa-28100	171	103	current	current	ADJ
cjfa-28100	171	104	return	return	NOUN
cjfa-28100	171	105	variance	variance	NOUN
cjfa-28100	171	106	while	while	SCONJ
cjfa-28100	171	107	the	the	DET
cjfa-28100	171	108	addition	addition	NOUN
cjfa-28100	171	109	(	(	PUNCT
cjfa-28100	171	110	sum	sum	NOUN
cjfa-28100	171	111	)	)	PUNCT
cjfa-28100	171	112	of	of	ADP
cjfa-28100	171	113	�	�	PROPN
cjfa-28100	171	114	+	+	CCONJ
cjfa-28100	171	115	�	�	PROPN
cjfa-28100	171	116	reflect	reflect	VERB
cjfa-28100	171	117	the	the	DET
cjfa-28100	171	118	magnitude	magnitude	NOUN
cjfa-28100	171	119	of	of	ADP
cjfa-28100	171	120	volatility	volatility	NOUN
cjfa-28100	171	121	persistence	persistence	NOUN
cjfa-28100	171	122	in	in	ADP
cjfa-28100	171	123	return	return	NOUN
cjfa-28100	171	124	series	series	NOUN
cjfa-28100	171	125	.	.	PUNCT
cjfa-28100	172	1	the	the	DET
cjfa-28100	172	2	conditional	conditional	ADJ
cjfa-28100	172	3	distributions	distribution	NOUN
cjfa-28100	172	4	for	for	ADP
cjfa-28100	172	5	the	the	DET
cjfa-28100	172	6	standardized	standardized	ADJ
cjfa-28100	172	7	residuals	residual	NOUN
cjfa-28100	172	8	of	of	ADP
cjfa-28100	172	9	returns	return	NOUN
cjfa-28100	172	10	innovations	innovation	NOUN
cjfa-28100	172	11	were	be	AUX
cjfa-28100	172	12	estimated	estimate	VERB
cjfa-28100	172	13	under	under	ADP
cjfa-28100	172	14	the	the	DET
cjfa-28100	172	15	gaussian	gaussian	ADJ
cjfa-28100	172	16	distribution	distribution	NOUN
cjfa-28100	172	17	,	,	PUNCT
cjfa-28100	172	18	student’s	student’s	NOUN
cjfa-28100	172	19	-	-	PUNCT
cjfa-28100	172	20	t	t	NOUN
cjfa-28100	172	21	distribution	distribution	NOUN
cjfa-28100	172	22	,	,	PUNCT
cjfa-28100	172	23	and	and	CCONJ
cjfa-28100	172	24	the	the	DET
cjfa-28100	172	25	generalised	generalise	VERB
cjfa-28100	172	26	error	error	NOUN
cjfa-28100	172	27	distribution	distribution	NOUN
cjfa-28100	172	28	(	(	PUNCT
cjfa-28100	172	29	ged	ge	VERB
cjfa-28100	172	30	)	)	PUNCT
cjfa-28100	172	31	for	for	ADP
cjfa-28100	172	32	the	the	DET
cjfa-28100	172	33	empirical	empirical	ADJ
cjfa-28100	172	34	analysis	analysis	NOUN
cjfa-28100	172	35	are	be	AUX
cjfa-28100	172	36	stated	state	VERB
cjfa-28100	172	37	as	as	ADP
cjfa-28100	172	38	;	;	PUNCT
cjfa-28100	172	39	the	the	DET
cjfa-28100	172	40	gaussian	gaussian	NOUN
cjfa-28100	172	41	(	(	PUNCT
cjfa-28100	172	42	normal	normal	ADJ
cjfa-28100	172	43	)	)	PUNCT
cjfa-28100	172	44	distribution	distribution	NOUN
cjfa-28100	172	45	;	;	PUNCT
cjfa-28100	172	46	�	�	PROPN
cjfa-28100	172	47	(	(	PUNCT
cjfa-28100	172	48	�	�	PROPN
cjfa-28100	172	49	)	)	PUNCT
cjfa-28100	172	50	=	=	SYM
cjfa-28100	172	51	�	�	PROPN
cjfa-28100	172	52	√	√	NUM
cjfa-28100	172	53	�	�	PROPN
cjfa-28100	172	54	�	�	PROPN
cjfa-28100	172	55	�	�	PROPN
cjfa-28100	172	56	�	�	PROPN
cjfa-28100	172	57	�	�	PROPN
cjfa-28100	172	58	�	�	PROPN
cjfa-28100	172	59	(	(	PUNCT
cjfa-28100	172	60	�	�	PROPN
cjfa-28100	172	61	�	�	PROPN
cjfa-28100	172	62	�	�	PROPN
cjfa-28100	172	63	)	)	PUNCT
cjfa-28100	172	64	�	�	PROPN
cjfa-28100	172	65	�	�	PROPN
cjfa-28100	172	66	�	�	PROPN
cjfa-28100	172	67	�	�	PROPN
cjfa-28100	172	68	(	(	PUNCT
cjfa-28100	172	69	12	12	NUM
cjfa-28100	172	70	)	)	PUNCT
cjfa-28100	172	71	where	where	SCONJ
cjfa-28100	172	72	�	�	PROPN
cjfa-28100	172	73	is	be	AUX
cjfa-28100	172	74	the	the	DET
cjfa-28100	172	75	mean	mean	ADJ
cjfa-28100	172	76	value	value	NOUN
cjfa-28100	172	77	and	and	CCONJ
cjfa-28100	172	78	�	�	PROPN
cjfa-28100	172	79	�	�	PROPN
cjfa-28100	172	80	is	be	AUX
cjfa-28100	172	81	the	the	DET
cjfa-28100	172	82	variance	variance	NOUN
cjfa-28100	172	83	of	of	ADP
cjfa-28100	172	84	the	the	DET
cjfa-28100	172	85	error	error	NOUN
cjfa-28100	172	86	from	from	ADP
cjfa-28100	172	87	the	the	DET
cjfa-28100	172	88	return	return	NOUN
cjfa-28100	172	89	equation	equation	NOUN
cjfa-28100	172	90	.	.	PUNCT
cjfa-28100	173	1	it	it	PRON
cjfa-28100	173	2	considers	consider	VERB
cjfa-28100	173	3	the	the	DET
cjfa-28100	173	4	mean	mean	ADJ
cjfa-28100	173	5	value	value	NOUN
cjfa-28100	173	6	(	(	PUNCT
cjfa-28100	173	7	�	�	PROPN
cjfa-28100	173	8	)	)	PUNCT
cjfa-28100	173	9	=	=	SYM
cjfa-28100	173	10	0	0	NUM
cjfa-28100	173	11	and	and	CCONJ
cjfa-28100	173	12	variance	variance	NOUN
cjfa-28100	173	13	(	(	PUNCT
cjfa-28100	173	14	�	�	NOUN
cjfa-28100	173	15	�	�	PROPN
cjfa-28100	173	16	)	)	PUNCT
cjfa-28100	173	17	=	=	SYM
cjfa-28100	174	1	1	1	X
cjfa-28100	174	2	.	.	PUNCT
cjfa-28100	175	1	the	the	DET
cjfa-28100	175	2	student’s	student’s	NOUN
cjfa-28100	175	3	-	-	PUNCT
cjfa-28100	175	4	t	t	NOUN
cjfa-28100	175	5	distribution	distribution	NOUN
cjfa-28100	175	6	;	;	PUNCT
cjfa-28100	175	7	�	�	PROPN
cjfa-28100	175	8	(	(	PUNCT
cjfa-28100	175	9	�	�	PROPN
cjfa-28100	175	10	)	)	PUNCT
cjfa-28100	175	11	=	=	SYM
cjfa-28100	175	12	�	�	PROPN
cjfa-28100	175	13	�	�	PROPN
cjfa-28100	175	14	�	�	PROPN
cjfa-28100	175	15	�	�	PROPN
cjfa-28100	175	16	�	�	PROPN
cjfa-28100	175	17	�	�	PROPN
cjfa-28100	175	18	]	]	PUNCT
cjfa-28100	175	19	�	�	PROPN
cjfa-28100	175	20	�	�	PROPN
cjfa-28100	175	21	�	�	PROPN
cjfa-28100	175	22	�	�	PROPN
cjfa-28100	175	23	�	�	PROPN
cjfa-28100	175	24	�	�	PROPN
cjfa-28100	175	25	]	]	PUNCT
cjfa-28100	175	26	(	(	PUNCT
cjfa-28100	175	27	�	�	PROPN
cjfa-28100	175	28	�	�	PROPN
cjfa-28100	175	29	�	�	PROPN
cjfa-28100	175	30	�	�	PROPN
cjfa-28100	175	31	�	�	PROPN
cjfa-28100	175	32	)	)	PUNCT
cjfa-28100	175	33	�	�	PROPN
cjfa-28100	175	34	�	�	PROPN
cjfa-28100	175	35	�	�	PROPN
cjfa-28100	175	36	�	�	PROPN
cjfa-28100	175	37	(	(	PUNCT
cjfa-28100	175	38	13	13	NUM
cjfa-28100	175	39	)	)	PUNCT
cjfa-28100	175	40	is	be	AUX
cjfa-28100	175	41	the	the	DET
cjfa-28100	175	42	unconditional	unconditional	ADJ
cjfa-28100	175	43	long	long	ADJ
cjfa-28100	175	44	run	run	NOUN
cjfa-28100	175	45	magnitude	magnitude	NOUN
cjfa-28100	175	46	of	of	ADP
cjfa-28100	175	47	volatility	volatility	NOUN
cjfa-28100	175	48	persistence	persistence	NOUN
cjfa-28100	175	49	and	and	CCONJ
cjfa-28100	175	50	�	�	PROPN
cjfa-28100	175	51	�	�	PROPN
cjfa-28100	175	52	�	�	PROPN
cjfa-28100	175	53	�	�	PROPN
cjfa-28100	175	54	�	�	PROPN
cjfa-28100	175	55	�	�	PROPN
cjfa-28100	175	56	�	�	PROPN
cjfa-28100	175	57	=	=	SYM
cjfa-28100	175	58	(	(	PUNCT
cjfa-28100	175	59	�	�	PROPN
cjfa-28100	175	60	�	�	PROPN
cjfa-28100	175	61	�	�	PROPN
cjfa-28100	175	62	)	)	PUNCT
cjfa-28100	175	63	(	(	PUNCT
cjfa-28100	175	64	�	�	PROPN
cjfa-28100	175	65	�	�	PROPN
cjfa-28100	175	66	�	�	PROPN
cjfa-28100	175	67	�	�	PROPN
cjfa-28100	175	68	�	�	PROPN
cjfa-28100	175	69	�	�	PROPN
cjfa-28100	175	70	�	�	PROPN
cjfa-28100	175	71	�	�	PROPN
cjfa-28100	175	72	�	�	PROPN
cjfa-28100	175	73	)	)	PUNCT
cjfa-28100	176	1	�	�	PROPN
cjfa-28100	176	2	�	�	PROPN
cjfa-28100	176	3	�	�	PROPN
cjfa-28100	176	4	�	�	PROPN
cjfa-28100	176	5	�	�	PROPN
cjfa-28100	176	6	�	�	PROPN
cjfa-28100	176	7	�	�	PROPN
cjfa-28100	176	8	�	�	PROPN
cjfa-28100	176	9	(	(	PUNCT
cjfa-28100	176	10	10	10	NUM
cjfa-28100	176	11	)	)	PUNCT
cjfa-28100	176	12	where	where	SCONJ
cjfa-28100	176	13	�	�	PROPN
cjfa-28100	176	14	�	�	PROPN
cjfa-28100	176	15	�	�	PROPN
cjfa-28100	176	16	=	=	SYM
cjfa-28100	176	17	�	�	PROPN
cjfa-28100	176	18	�	�	PROPN
cjfa-28100	176	19	(	(	PUNCT
cjfa-28100	176	20	�	�	PROPN
cjfa-28100	176	21	�	�	PROPN
cjfa-28100	176	22	�	�	PROPN
cjfa-28100	176	23	�	�	PROPN
cjfa-28100	176	24	�	�	PROPN
cjfa-28100	176	25	)	)	PUNCT
cjfa-28100	176	26	is	be	AUX
cjfa-28100	176	27	the	the	DET
cjfa-28100	176	28	unconditional	unconditional	ADJ
cjfa-28100	176	29	long	long	ADJ
cjfa-28100	176	30	run	run	NOUN
cjfa-28100	176	31	magnitude	magnitude	NOUN
cjfa-28100	176	32	of	of	ADP
cjfa-28100	176	33	volatility	volatility	NOUN
cjfa-28100	176	34	persistence	persistence	NOUN
cjfa-28100	176	35	and	and	CCONJ
cjfa-28100	176	36	�	�	PROPN
cjfa-28100	176	37	�	�	PROPN
cjfa-28100	176	38	=	=	SYM
cjfa-28100	176	39	(	(	PUNCT
cjfa-28100	176	40	�	�	PROPN
cjfa-28100	176	41	�	�	PROPN
cjfa-28100	176	42	�	�	PROPN
cjfa-28100	176	43	�	�	PROPN
cjfa-28100	176	44	�	�	PROPN
cjfa-28100	176	45	�	�	PROPN
cjfa-28100	176	46	�	�	PROPN
cjfa-28100	176	47	)	)	PUNCT
cjfa-28100	176	48	.	.	PUNCT
cjfa-28100	177	1	the	the	DET
cjfa-28100	177	2	mean	mean	ADJ
cjfa-28100	177	3	reverting	revert	VERB
cjfa-28100	177	4	rate	rate	NOUN
cjfa-28100	177	5	�	�	PROPN
cjfa-28100	177	6	�	�	PROPN
cjfa-28100	177	7	�	�	PROPN
cjfa-28100	177	8	in	in	ADP
cjfa-28100	177	9	a	a	DET
cjfa-28100	177	10	good	good	ADJ
cjfa-28100	177	11	fitted	fit	VERB
cjfa-28100	177	12	model	model	NOUN
cjfa-28100	177	13	is	be	AUX
cjfa-28100	177	14	usually	usually	ADV
cjfa-28100	177	15	very	very	ADV
cjfa-28100	177	16	close	close	ADJ
cjfa-28100	177	17	to	to	ADP
cjfa-28100	177	18	1	1	NUM
cjfa-28100	177	19	which	which	PRON
cjfa-28100	177	20	controls	control	VERB
cjfa-28100	177	21	the	the	DET
cjfa-28100	177	22	magnitude	magnitude	NOUN
cjfa-28100	177	23	of	of	ADP
cjfa-28100	177	24	mean	mean	ADJ
cjfa-28100	177	25	reversion	reversion	NOUN
cjfa-28100	177	26	(	(	PUNCT
cjfa-28100	177	27	volatility	volatility	NOUN
cjfa-28100	177	28	persistence	persistence	NOUN
cjfa-28100	177	29	)	)	PUNCT
cjfa-28100	177	30	.	.	PUNCT
cjfa-28100	178	1	if	if	SCONJ
cjfa-28100	178	2	the	the	DET
cjfa-28100	178	3	variance	variance	NOUN
cjfa-28100	178	4	spikes	spike	VERB
cjfa-28100	178	5	up	up	ADP
cjfa-28100	178	6	during	during	ADP
cjfa-28100	178	7	crisis	crisis	NOUN
cjfa-28100	178	8	,	,	PUNCT
cjfa-28100	178	9	the	the	DET
cjfa-28100	178	10	number	number	NOUN
cjfa-28100	178	11	of	of	ADP
cjfa-28100	178	12	periods	period	NOUN
cjfa-28100	178	13	until	until	SCONJ
cjfa-28100	178	14	it	it	PRON
cjfa-28100	178	15	is	be	AUX
cjfa-28100	178	16	halfway	halfway	ADV
cjfa-28100	178	17	between	between	ADP
cjfa-28100	178	18	the	the	DET
cjfa-28100	178	19	first	first	ADJ
cjfa-28100	178	20	forecast	forecast	NOUN
cjfa-28100	178	21	and	and	CCONJ
cjfa-28100	178	22	the	the	DET
cjfa-28100	178	23	unconditional	unconditional	ADJ
cjfa-28100	178	24	variance	variance	NOUN
cjfa-28100	178	25	is	be	AUX
cjfa-28100	178	26	(	(	PUNCT
cjfa-28100	178	27	�	�	PROPN
cjfa-28100	178	28	�	�	PROPN
cjfa-28100	178	29	�	�	PROPN
cjfa-28100	178	30	)	)	PUNCT
cjfa-28100	178	31	�	�	PROPN
cjfa-28100	178	32	=	=	SYM
cjfa-28100	178	33	�	�	PROPN
cjfa-28100	178	34	�	�	PROPN
cjfa-28100	178	35	=	=	NUM
cjfa-28100	178	36	0.5	0.5	NUM
cjfa-28100	178	37	.	.	PUNCT
cjfa-28100	179	1	thus	thus	ADV
cjfa-28100	179	2	,	,	PUNCT
cjfa-28100	179	3	the	the	DET
cjfa-28100	179	4	half	half	ADJ
cjfa-28100	179	5	-	-	PUNCT
cjfa-28100	179	6	life	life	NOUN
cjfa-28100	179	7	of	of	ADP
cjfa-28100	179	8	volatility	volatility	NOUN
cjfa-28100	179	9	shock	shock	NOUN
cjfa-28100	179	10	is	be	AUX
cjfa-28100	179	11	given	give	VERB
cjfa-28100	179	12	by	by	ADP
cjfa-28100	179	13	zivot	zivot	PROPN
cjfa-28100	179	14	and	and	CCONJ
cjfa-28100	179	15	wang	wang	PROPN
cjfa-28100	179	16	(	(	PUNCT
cjfa-28100	179	17	2006	2006	NUM
cjfa-28100	179	18	)	)	PUNCT
cjfa-28100	179	19	and	and	CCONJ
cjfa-28100	179	20	reider	reider	NOUN
cjfa-28100	179	21	(	(	PUNCT
cjfa-28100	179	22	2009	2009	NUM
cjfa-28100	179	23	)	)	PUNCT
cjfa-28100	179	24	as	as	ADP
cjfa-28100	179	25	:	:	PUNCT
cjfa-28100	179	26	�	�	PROPN
cjfa-28100	179	27	(	(	PUNCT
cjfa-28100	179	28	�	�	PROPN
cjfa-28100	179	29	�	�	PROPN
cjfa-28100	179	30	�	�	PROPN
cjfa-28100	179	31	�	�	PROPN
cjfa-28100	179	32	�	�	PROPN
cjfa-28100	179	33	�	�	PROPN
cjfa-28100	179	34	�	�	PROPN
cjfa-28100	179	35	�	�	PROPN
cjfa-28100	179	36	)	)	PUNCT
cjfa-28100	179	37	=	=	SYM
cjfa-28100	179	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	179	39	)	)	PUNCT
cjfa-28100	179	40	�	�	PROPN
cjfa-28100	179	41	�	�	PROPN
cjfa-28100	179	42	�	�	PROPN
cjfa-28100	179	43	(	(	PUNCT
cjfa-28100	179	44	�	�	PROPN
cjfa-28100	179	45	�	�	PROPN
cjfa-28100	179	46	�	�	PROPN
cjfa-28100	179	47	)	)	PUNCT
cjfa-28100	179	48	(	(	PUNCT
cjfa-28100	179	49	11	11	NUM
cjfa-28100	179	50	)	)	PUNCT
cjfa-28100	179	51	according	accord	VERB
cjfa-28100	179	52	to	to	ADP
cjfa-28100	179	53	the	the	DET
cjfa-28100	179	54	garch	garch	NOUN
cjfa-28100	179	55	model	model	NOUN
cjfa-28100	179	56	and	and	CCONJ
cjfa-28100	179	57	the	the	DET
cjfa-28100	179	58	mean	mean	ADJ
cjfa-28100	179	59	reverting	revert	VERB
cjfa-28100	179	60	model	model	NOUN
cjfa-28100	179	61	,	,	PUNCT
cjfa-28100	179	62	it	it	PRON
cjfa-28100	179	63	is	be	AUX
cjfa-28100	179	64	expected	expect	VERB
cjfa-28100	179	65	that	that	SCONJ
cjfa-28100	179	66	�	�	PROPN
cjfa-28100	179	67	,	,	PUNCT
cjfa-28100	179	68	�	�	PROPN
cjfa-28100	179	69	>	>	X
cjfa-28100	179	70	0	0	PUNCT
cjfa-28100	179	71	and	and	CCONJ
cjfa-28100	179	72	(	(	PUNCT
cjfa-28100	179	73	�	�	PROPN
cjfa-28100	179	74	+	+	CCONJ
cjfa-28100	179	75	�	�	PROPN
cjfa-28100	179	76	)	)	PUNCT
cjfa-28100	179	77	<	<	X
cjfa-28100	179	78	1	1	X
cjfa-28100	179	79	.	.	PUNCT
cjfa-28100	179	80	indicating	indicate	VERB
cjfa-28100	179	81	that	that	SCONJ
cjfa-28100	179	82	the	the	DET
cjfa-28100	179	83	past	past	ADJ
cjfa-28100	179	84	squared	squared	ADJ
cjfa-28100	179	85	residual	residual	ADJ
cjfa-28100	179	86	of	of	ADP
cjfa-28100	179	87	the	the	DET
cjfa-28100	179	88	mean	mean	ADJ
cjfa-28100	179	89	return	return	NOUN
cjfa-28100	179	90	and	and	CCONJ
cjfa-28100	179	91	the	the	DET
cjfa-28100	179	92	past	past	ADJ
cjfa-28100	179	93	return	return	NOUN
cjfa-28100	179	94	variance	variance	NOUN
cjfa-28100	179	95	information	information	NOUN
cjfa-28100	179	96	individually	individually	ADV
cjfa-28100	179	97	and	and	CCONJ
cjfa-28100	179	98	jointly	jointly	ADV
cjfa-28100	179	99	can	can	AUX
cjfa-28100	179	100	not	not	PART
cjfa-28100	179	101	influence	influence	VERB
cjfa-28100	179	102	the	the	DET
cjfa-28100	179	103	current	current	ADJ
cjfa-28100	179	104	return	return	NOUN
cjfa-28100	179	105	variance	variance	NOUN
cjfa-28100	179	106	while	while	SCONJ
cjfa-28100	179	107	the	the	DET
cjfa-28100	179	108	addition	addition	NOUN
cjfa-28100	179	109	(	(	PUNCT
cjfa-28100	179	110	sum	sum	NOUN
cjfa-28100	179	111	)	)	PUNCT
cjfa-28100	179	112	of	of	ADP
cjfa-28100	179	113	�	�	PROPN
cjfa-28100	179	114	+	+	CCONJ
cjfa-28100	179	115	�	�	PROPN
cjfa-28100	179	116	reflect	reflect	VERB
cjfa-28100	179	117	the	the	DET
cjfa-28100	179	118	magnitude	magnitude	NOUN
cjfa-28100	179	119	of	of	ADP
cjfa-28100	179	120	volatility	volatility	NOUN
cjfa-28100	179	121	persistence	persistence	NOUN
cjfa-28100	179	122	in	in	ADP
cjfa-28100	179	123	return	return	NOUN
cjfa-28100	179	124	series	series	NOUN
cjfa-28100	179	125	.	.	PUNCT
cjfa-28100	180	1	the	the	DET
cjfa-28100	180	2	conditional	conditional	ADJ
cjfa-28100	180	3	distributions	distribution	NOUN
cjfa-28100	180	4	for	for	ADP
cjfa-28100	180	5	the	the	DET
cjfa-28100	180	6	standardized	standardized	ADJ
cjfa-28100	180	7	residuals	residual	NOUN
cjfa-28100	180	8	of	of	ADP
cjfa-28100	180	9	returns	return	NOUN
cjfa-28100	180	10	innovations	innovation	NOUN
cjfa-28100	180	11	were	be	AUX
cjfa-28100	180	12	estimated	estimate	VERB
cjfa-28100	180	13	under	under	ADP
cjfa-28100	180	14	the	the	DET
cjfa-28100	180	15	gaussian	gaussian	ADJ
cjfa-28100	180	16	distribution	distribution	NOUN
cjfa-28100	180	17	,	,	PUNCT
cjfa-28100	180	18	student’s	student’s	NOUN
cjfa-28100	180	19	-	-	PUNCT
cjfa-28100	180	20	t	t	NOUN
cjfa-28100	180	21	distribution	distribution	NOUN
cjfa-28100	180	22	,	,	PUNCT
cjfa-28100	180	23	and	and	CCONJ
cjfa-28100	180	24	the	the	DET
cjfa-28100	180	25	generalised	generalise	VERB
cjfa-28100	180	26	error	error	NOUN
cjfa-28100	180	27	distribution	distribution	NOUN
cjfa-28100	180	28	(	(	PUNCT
cjfa-28100	180	29	ged	ge	VERB
cjfa-28100	180	30	)	)	PUNCT
cjfa-28100	180	31	for	for	ADP
cjfa-28100	180	32	the	the	DET
cjfa-28100	180	33	empirical	empirical	ADJ
cjfa-28100	180	34	analysis	analysis	NOUN
cjfa-28100	180	35	are	be	AUX
cjfa-28100	180	36	stated	state	VERB
cjfa-28100	180	37	as	as	ADP
cjfa-28100	180	38	;	;	PUNCT
cjfa-28100	180	39	the	the	DET
cjfa-28100	180	40	gaussian	gaussian	NOUN
cjfa-28100	180	41	(	(	PUNCT
cjfa-28100	180	42	normal	normal	ADJ
cjfa-28100	180	43	)	)	PUNCT
cjfa-28100	180	44	distribution	distribution	NOUN
cjfa-28100	180	45	;	;	PUNCT
cjfa-28100	180	46	�	�	PROPN
cjfa-28100	180	47	(	(	PUNCT
cjfa-28100	180	48	�	�	PROPN
cjfa-28100	180	49	)	)	PUNCT
cjfa-28100	180	50	=	=	SYM
cjfa-28100	180	51	�	�	PROPN
cjfa-28100	180	52	√	√	NUM
cjfa-28100	180	53	�	�	PROPN
cjfa-28100	180	54	�	�	PROPN
cjfa-28100	180	55	�	�	PROPN
cjfa-28100	180	56	�	�	PROPN
cjfa-28100	180	57	�	�	PROPN
cjfa-28100	180	58	�	�	PROPN
cjfa-28100	180	59	(	(	PUNCT
cjfa-28100	180	60	�	�	PROPN
cjfa-28100	180	61	�	�	PROPN
cjfa-28100	180	62	�	�	PROPN
cjfa-28100	180	63	)	)	PUNCT
cjfa-28100	180	64	�	�	PROPN
cjfa-28100	180	65	�	�	PROPN
cjfa-28100	180	66	�	�	PROPN
cjfa-28100	180	67	�	�	PROPN
cjfa-28100	180	68	(	(	PUNCT
cjfa-28100	180	69	12	12	NUM
cjfa-28100	180	70	)	)	PUNCT
cjfa-28100	180	71	where	where	SCONJ
cjfa-28100	180	72	�	�	PROPN
cjfa-28100	180	73	is	be	AUX
cjfa-28100	180	74	the	the	DET
cjfa-28100	180	75	mean	mean	ADJ
cjfa-28100	180	76	value	value	NOUN
cjfa-28100	180	77	and	and	CCONJ
cjfa-28100	180	78	�	�	PROPN
cjfa-28100	180	79	�	�	PROPN
cjfa-28100	180	80	is	be	AUX
cjfa-28100	180	81	the	the	DET
cjfa-28100	180	82	variance	variance	NOUN
cjfa-28100	180	83	of	of	ADP
cjfa-28100	180	84	the	the	DET
cjfa-28100	180	85	error	error	NOUN
cjfa-28100	180	86	from	from	ADP
cjfa-28100	180	87	the	the	DET
cjfa-28100	180	88	return	return	NOUN
cjfa-28100	180	89	equation	equation	NOUN
cjfa-28100	180	90	.	.	PUNCT
cjfa-28100	181	1	it	it	PRON
cjfa-28100	181	2	considers	consider	VERB
cjfa-28100	181	3	the	the	DET
cjfa-28100	181	4	mean	mean	ADJ
cjfa-28100	181	5	value	value	NOUN
cjfa-28100	181	6	(	(	PUNCT
cjfa-28100	181	7	�	�	PROPN
cjfa-28100	181	8	)	)	PUNCT
cjfa-28100	181	9	=	=	SYM
cjfa-28100	181	10	0	0	NUM
cjfa-28100	181	11	and	and	CCONJ
cjfa-28100	181	12	variance	variance	NOUN
cjfa-28100	181	13	(	(	PUNCT
cjfa-28100	181	14	�	�	NOUN
cjfa-28100	181	15	�	�	PROPN
cjfa-28100	181	16	)	)	PUNCT
cjfa-28100	181	17	=	=	SYM
cjfa-28100	182	1	1	1	X
cjfa-28100	182	2	.	.	PUNCT
cjfa-28100	183	1	the	the	DET
cjfa-28100	183	2	student’s	student’s	NOUN
cjfa-28100	183	3	-	-	PUNCT
cjfa-28100	183	4	t	t	NOUN
cjfa-28100	183	5	distribution	distribution	NOUN
cjfa-28100	183	6	;	;	PUNCT
cjfa-28100	183	7	�	�	PROPN
cjfa-28100	183	8	(	(	PUNCT
cjfa-28100	183	9	�	�	PROPN
cjfa-28100	183	10	)	)	PUNCT
cjfa-28100	183	11	=	=	SYM
cjfa-28100	183	12	�	�	PROPN
cjfa-28100	183	13	�	�	PROPN
cjfa-28100	183	14	�	�	PROPN
cjfa-28100	183	15	�	�	PROPN
cjfa-28100	183	16	�	�	PROPN
cjfa-28100	183	17	�	�	PROPN
cjfa-28100	183	18	]	]	PUNCT
cjfa-28100	183	19	�	�	PROPN
cjfa-28100	183	20	�	�	PROPN
cjfa-28100	183	21	�	�	PROPN
cjfa-28100	183	22	�	�	PROPN
cjfa-28100	183	23	�	�	PROPN
cjfa-28100	183	24	�	�	PROPN
cjfa-28100	183	25	]	]	PUNCT
cjfa-28100	183	26	(	(	PUNCT
cjfa-28100	183	27	�	�	PROPN
cjfa-28100	183	28	�	�	PROPN
cjfa-28100	183	29	�	�	PROPN
cjfa-28100	183	30	�	�	PROPN
cjfa-28100	183	31	�	�	PROPN
cjfa-28100	183	32	)	)	PUNCT
cjfa-28100	183	33	�	�	PROPN
cjfa-28100	183	34	�	�	PROPN
cjfa-28100	183	35	�	�	PROPN
cjfa-28100	183	36	�	�	PROPN
cjfa-28100	183	37	(	(	PUNCT
cjfa-28100	183	38	13	13	NUM
cjfa-28100	183	39	)	)	PUNCT
cjfa-28100	183	40	the	the	DET
cjfa-28100	183	41	mean	mean	ADJ
cjfa-28100	183	42	reverting	revert	VERB
cjfa-28100	183	43	rate	rate	NOUN
cjfa-28100	183	44	α+β	α+β	PROPN
cjfa-28100	183	45	in	in	ADP
cjfa-28100	183	46	a	a	DET
cjfa-28100	183	47	good	good	ADJ
cjfa-28100	183	48	fitted	fit	VERB
cjfa-28100	183	49	model	model	NOUN
cjfa-28100	183	50	is	be	AUX
cjfa-28100	183	51	usually	usually	ADV
cjfa-28100	183	52	very	very	ADV
cjfa-28100	183	53	close	close	ADJ
cjfa-28100	183	54	to	to	ADP
cjfa-28100	183	55	1	1	NUM
cjfa-28100	183	56	which	which	PRON
cjfa-28100	183	57	controls	control	VERB
cjfa-28100	183	58	the	the	DET
cjfa-28100	183	59	magnitude	magnitude	NOUN
cjfa-28100	183	60	of	of	ADP
cjfa-28100	183	61	mean	mean	ADJ
cjfa-28100	183	62	reversion	reversion	NOUN
cjfa-28100	183	63	(	(	PUNCT
cjfa-28100	183	64	volatility	volatility	NOUN
cjfa-28100	183	65	persistence	persistence	NOUN
cjfa-28100	183	66	)	)	PUNCT
cjfa-28100	183	67	.	.	PUNCT
cjfa-28100	184	1	if	if	SCONJ
cjfa-28100	184	2	the	the	DET
cjfa-28100	184	3	variance	variance	NOUN
cjfa-28100	184	4	spikes	spike	VERB
cjfa-28100	184	5	up	up	ADP
cjfa-28100	184	6	during	during	ADP
cjfa-28100	184	7	crisis	crisis	NOUN
cjfa-28100	184	8	,	,	PUNCT
cjfa-28100	184	9	the	the	DET
cjfa-28100	184	10	number	number	NOUN
cjfa-28100	184	11	of	of	ADP
cjfa-28100	184	12	periods	period	NOUN
cjfa-28100	184	13	until	until	SCONJ
cjfa-28100	184	14	it	it	PRON
cjfa-28100	184	15	is	be	AUX
cjfa-28100	184	16	halfway	halfway	ADV
cjfa-28100	184	17	between	between	ADP
cjfa-28100	184	18	the	the	DET
cjfa-28100	184	19	first	first	ADJ
cjfa-28100	184	20	forecast	forecast	NOUN
cjfa-28100	184	21	and	and	CCONJ
cjfa-28100	184	22	the	the	DET
cjfa-28100	184	23	unconditional	unconditional	ADJ
cjfa-28100	184	24	variance	variance	NOUN
cjfa-28100	184	25	is	be	AUX
cjfa-28100	184	26	�	�	PROPN
cjfa-28100	184	27	�	�	PROPN
cjfa-28100	184	28	�	�	PROPN
cjfa-28100	184	29	�	�	PROPN
cjfa-28100	184	30	�	�	PROPN
cjfa-28100	184	31	�	�	PROPN
cjfa-28100	184	32	�	�	PROPN
cjfa-28100	184	33	=	=	SYM
cjfa-28100	184	34	(	(	PUNCT
cjfa-28100	184	35	�	�	PROPN
cjfa-28100	184	36	�	�	PROPN
cjfa-28100	184	37	�	�	PROPN
cjfa-28100	184	38	)	)	PUNCT
cjfa-28100	184	39	(	(	PUNCT
cjfa-28100	184	40	�	�	PROPN
cjfa-28100	184	41	�	�	PROPN
cjfa-28100	184	42	�	�	PROPN
cjfa-28100	184	43	�	�	PROPN
cjfa-28100	184	44	�	�	PROPN
cjfa-28100	184	45	�	�	PROPN
cjfa-28100	184	46	�	�	PROPN
cjfa-28100	184	47	�	�	PROPN
cjfa-28100	184	48	�	�	PROPN
cjfa-28100	184	49	)	)	PUNCT
cjfa-28100	185	1	�	�	PROPN
cjfa-28100	185	2	�	�	PROPN
cjfa-28100	185	3	�	�	PROPN
cjfa-28100	185	4	�	�	PROPN
cjfa-28100	185	5	�	�	PROPN
cjfa-28100	185	6	�	�	PROPN
cjfa-28100	185	7	�	�	PROPN
cjfa-28100	185	8	�	�	PROPN
cjfa-28100	185	9	(	(	PUNCT
cjfa-28100	185	10	10	10	NUM
cjfa-28100	185	11	)	)	PUNCT
cjfa-28100	185	12	where	where	SCONJ
cjfa-28100	185	13	�	�	PROPN
cjfa-28100	185	14	�	�	PROPN
cjfa-28100	185	15	�	�	PROPN
cjfa-28100	185	16	=	=	SYM
cjfa-28100	185	17	�	�	PROPN
cjfa-28100	185	18	�	�	PROPN
cjfa-28100	185	19	(	(	PUNCT
cjfa-28100	185	20	�	�	PROPN
cjfa-28100	185	21	�	�	PROPN
cjfa-28100	185	22	�	�	PROPN
cjfa-28100	185	23	�	�	PROPN
cjfa-28100	185	24	�	�	PROPN
cjfa-28100	185	25	)	)	PUNCT
cjfa-28100	185	26	is	be	AUX
cjfa-28100	185	27	the	the	DET
cjfa-28100	185	28	unconditional	unconditional	ADJ
cjfa-28100	185	29	long	long	ADJ
cjfa-28100	185	30	run	run	NOUN
cjfa-28100	185	31	magnitude	magnitude	NOUN
cjfa-28100	185	32	of	of	ADP
cjfa-28100	185	33	volatility	volatility	NOUN
cjfa-28100	185	34	persistence	persistence	NOUN
cjfa-28100	185	35	and	and	CCONJ
cjfa-28100	185	36	�	�	PROPN
cjfa-28100	185	37	�	�	PROPN
cjfa-28100	185	38	=	=	SYM
cjfa-28100	185	39	(	(	PUNCT
cjfa-28100	185	40	�	�	PROPN
cjfa-28100	185	41	�	�	PROPN
cjfa-28100	185	42	�	�	PROPN
cjfa-28100	185	43	�	�	PROPN
cjfa-28100	185	44	�	�	PROPN
cjfa-28100	185	45	�	�	PROPN
cjfa-28100	185	46	�	�	PROPN
cjfa-28100	185	47	)	)	PUNCT
cjfa-28100	185	48	.	.	PUNCT
cjfa-28100	186	1	the	the	DET
cjfa-28100	186	2	mean	mean	ADJ
cjfa-28100	186	3	reverting	revert	VERB
cjfa-28100	186	4	rate	rate	NOUN
cjfa-28100	186	5	�	�	PROPN
cjfa-28100	186	6	�	�	PROPN
cjfa-28100	186	7	�	�	PROPN
cjfa-28100	186	8	in	in	ADP
cjfa-28100	186	9	a	a	DET
cjfa-28100	186	10	good	good	ADJ
cjfa-28100	186	11	fitted	fit	VERB
cjfa-28100	186	12	model	model	NOUN
cjfa-28100	186	13	is	be	AUX
cjfa-28100	186	14	usually	usually	ADV
cjfa-28100	186	15	very	very	ADV
cjfa-28100	186	16	close	close	ADJ
cjfa-28100	186	17	to	to	ADP
cjfa-28100	186	18	1	1	NUM
cjfa-28100	186	19	which	which	PRON
cjfa-28100	186	20	controls	control	VERB
cjfa-28100	186	21	the	the	DET
cjfa-28100	186	22	magnitude	magnitude	NOUN
cjfa-28100	186	23	of	of	ADP
cjfa-28100	186	24	mean	mean	ADJ
cjfa-28100	186	25	reversion	reversion	NOUN
cjfa-28100	186	26	(	(	PUNCT
cjfa-28100	186	27	volatility	volatility	NOUN
cjfa-28100	186	28	persistence	persistence	NOUN
cjfa-28100	186	29	)	)	PUNCT
cjfa-28100	186	30	.	.	PUNCT
cjfa-28100	187	1	if	if	SCONJ
cjfa-28100	187	2	the	the	DET
cjfa-28100	187	3	variance	variance	NOUN
cjfa-28100	187	4	spikes	spike	VERB
cjfa-28100	187	5	up	up	ADP
cjfa-28100	187	6	during	during	ADP
cjfa-28100	187	7	crisis	crisis	NOUN
cjfa-28100	187	8	,	,	PUNCT
cjfa-28100	187	9	the	the	DET
cjfa-28100	187	10	number	number	NOUN
cjfa-28100	187	11	of	of	ADP
cjfa-28100	187	12	periods	period	NOUN
cjfa-28100	187	13	until	until	SCONJ
cjfa-28100	187	14	it	it	PRON
cjfa-28100	187	15	is	be	AUX
cjfa-28100	187	16	halfway	halfway	ADV
cjfa-28100	187	17	between	between	ADP
cjfa-28100	187	18	the	the	DET
cjfa-28100	187	19	first	first	ADJ
cjfa-28100	187	20	forecast	forecast	NOUN
cjfa-28100	187	21	and	and	CCONJ
cjfa-28100	187	22	the	the	DET
cjfa-28100	187	23	unconditional	unconditional	ADJ
cjfa-28100	187	24	variance	variance	NOUN
cjfa-28100	187	25	is	be	AUX
cjfa-28100	187	26	(	(	PUNCT
cjfa-28100	187	27	�	�	PROPN
cjfa-28100	187	28	�	�	PROPN
cjfa-28100	187	29	�	�	PROPN
cjfa-28100	187	30	)	)	PUNCT
cjfa-28100	187	31	�	�	PROPN
cjfa-28100	187	32	=	=	SYM
cjfa-28100	187	33	�	�	PROPN
cjfa-28100	187	34	�	�	PROPN
cjfa-28100	187	35	=	=	NUM
cjfa-28100	187	36	0.5	0.5	NUM
cjfa-28100	187	37	.	.	PUNCT
cjfa-28100	188	1	thus	thus	ADV
cjfa-28100	188	2	,	,	PUNCT
cjfa-28100	188	3	the	the	DET
cjfa-28100	188	4	half	half	ADJ
cjfa-28100	188	5	-	-	PUNCT
cjfa-28100	188	6	life	life	NOUN
cjfa-28100	188	7	of	of	ADP
cjfa-28100	188	8	volatility	volatility	NOUN
cjfa-28100	188	9	shock	shock	NOUN
cjfa-28100	188	10	is	be	AUX
cjfa-28100	188	11	given	give	VERB
cjfa-28100	188	12	by	by	ADP
cjfa-28100	188	13	zivot	zivot	PROPN
cjfa-28100	188	14	and	and	CCONJ
cjfa-28100	188	15	wang	wang	PROPN
cjfa-28100	188	16	(	(	PUNCT
cjfa-28100	188	17	2006	2006	NUM
cjfa-28100	188	18	)	)	PUNCT
cjfa-28100	188	19	and	and	CCONJ
cjfa-28100	188	20	reider	reider	NOUN
cjfa-28100	188	21	(	(	PUNCT
cjfa-28100	188	22	2009	2009	NUM
cjfa-28100	188	23	)	)	PUNCT
cjfa-28100	188	24	as	as	ADP
cjfa-28100	188	25	:	:	PUNCT
cjfa-28100	188	26	�	�	PROPN
cjfa-28100	188	27	(	(	PUNCT
cjfa-28100	188	28	�	�	PROPN
cjfa-28100	188	29	�	�	PROPN
cjfa-28100	188	30	�	�	PROPN
cjfa-28100	188	31	�	�	PROPN
cjfa-28100	188	32	�	�	PROPN
cjfa-28100	188	33	�	�	PROPN
cjfa-28100	188	34	�	�	PROPN
cjfa-28100	188	35	�	�	PROPN
cjfa-28100	188	36	)	)	PUNCT
cjfa-28100	188	37	=	=	SYM
cjfa-28100	188	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	188	39	)	)	PUNCT
cjfa-28100	188	40	�	�	PROPN
cjfa-28100	188	41	�	�	PROPN
cjfa-28100	188	42	�	�	PROPN
cjfa-28100	188	43	(	(	PUNCT
cjfa-28100	188	44	�	�	PROPN
cjfa-28100	188	45	�	�	PROPN
cjfa-28100	188	46	�	�	PROPN
cjfa-28100	188	47	)	)	PUNCT
cjfa-28100	188	48	(	(	PUNCT
cjfa-28100	188	49	11	11	NUM
cjfa-28100	188	50	)	)	PUNCT
cjfa-28100	188	51	according	accord	VERB
cjfa-28100	188	52	to	to	ADP
cjfa-28100	188	53	the	the	DET
cjfa-28100	188	54	garch	garch	NOUN
cjfa-28100	188	55	model	model	NOUN
cjfa-28100	188	56	and	and	CCONJ
cjfa-28100	188	57	the	the	DET
cjfa-28100	188	58	mean	mean	ADJ
cjfa-28100	188	59	reverting	revert	VERB
cjfa-28100	188	60	model	model	NOUN
cjfa-28100	188	61	,	,	PUNCT
cjfa-28100	188	62	it	it	PRON
cjfa-28100	188	63	is	be	AUX
cjfa-28100	188	64	expected	expect	VERB
cjfa-28100	188	65	that	that	SCONJ
cjfa-28100	188	66	�	�	PROPN
cjfa-28100	188	67	,	,	PUNCT
cjfa-28100	188	68	�	�	PROPN
cjfa-28100	188	69	>	>	X
cjfa-28100	188	70	0	0	PUNCT
cjfa-28100	188	71	and	and	CCONJ
cjfa-28100	188	72	(	(	PUNCT
cjfa-28100	188	73	�	�	PROPN
cjfa-28100	188	74	+	+	CCONJ
cjfa-28100	188	75	�	�	PROPN
cjfa-28100	188	76	)	)	PUNCT
cjfa-28100	188	77	<	<	X
cjfa-28100	188	78	1	1	X
cjfa-28100	188	79	.	.	PUNCT
cjfa-28100	188	80	indicating	indicate	VERB
cjfa-28100	188	81	that	that	SCONJ
cjfa-28100	188	82	the	the	DET
cjfa-28100	188	83	past	past	ADJ
cjfa-28100	188	84	squared	squared	ADJ
cjfa-28100	188	85	residual	residual	ADJ
cjfa-28100	188	86	of	of	ADP
cjfa-28100	188	87	the	the	DET
cjfa-28100	188	88	mean	mean	ADJ
cjfa-28100	188	89	return	return	NOUN
cjfa-28100	188	90	and	and	CCONJ
cjfa-28100	188	91	the	the	DET
cjfa-28100	188	92	past	past	ADJ
cjfa-28100	188	93	return	return	NOUN
cjfa-28100	188	94	variance	variance	NOUN
cjfa-28100	188	95	information	information	NOUN
cjfa-28100	188	96	individually	individually	ADV
cjfa-28100	188	97	and	and	CCONJ
cjfa-28100	188	98	jointly	jointly	ADV
cjfa-28100	188	99	can	can	AUX
cjfa-28100	188	100	not	not	PART
cjfa-28100	188	101	influence	influence	VERB
cjfa-28100	188	102	the	the	DET
cjfa-28100	188	103	current	current	ADJ
cjfa-28100	188	104	return	return	NOUN
cjfa-28100	188	105	variance	variance	NOUN
cjfa-28100	188	106	while	while	SCONJ
cjfa-28100	188	107	the	the	DET
cjfa-28100	188	108	addition	addition	NOUN
cjfa-28100	188	109	(	(	PUNCT
cjfa-28100	188	110	sum	sum	NOUN
cjfa-28100	188	111	)	)	PUNCT
cjfa-28100	188	112	of	of	ADP
cjfa-28100	188	113	�	�	PROPN
cjfa-28100	188	114	+	+	CCONJ
cjfa-28100	188	115	�	�	PROPN
cjfa-28100	188	116	reflect	reflect	VERB
cjfa-28100	188	117	the	the	DET
cjfa-28100	188	118	magnitude	magnitude	NOUN
cjfa-28100	188	119	of	of	ADP
cjfa-28100	188	120	volatility	volatility	NOUN
cjfa-28100	188	121	persistence	persistence	NOUN
cjfa-28100	188	122	in	in	ADP
cjfa-28100	188	123	return	return	NOUN
cjfa-28100	188	124	series	series	NOUN
cjfa-28100	188	125	.	.	PUNCT
cjfa-28100	189	1	the	the	DET
cjfa-28100	189	2	conditional	conditional	ADJ
cjfa-28100	189	3	distributions	distribution	NOUN
cjfa-28100	189	4	for	for	ADP
cjfa-28100	189	5	the	the	DET
cjfa-28100	189	6	standardized	standardized	ADJ
cjfa-28100	189	7	residuals	residual	NOUN
cjfa-28100	189	8	of	of	ADP
cjfa-28100	189	9	returns	return	NOUN
cjfa-28100	189	10	innovations	innovation	NOUN
cjfa-28100	189	11	were	be	AUX
cjfa-28100	189	12	estimated	estimate	VERB
cjfa-28100	189	13	under	under	ADP
cjfa-28100	189	14	the	the	DET
cjfa-28100	189	15	gaussian	gaussian	ADJ
cjfa-28100	189	16	distribution	distribution	NOUN
cjfa-28100	189	17	,	,	PUNCT
cjfa-28100	189	18	student’s	student’s	NOUN
cjfa-28100	189	19	-	-	PUNCT
cjfa-28100	189	20	t	t	NOUN
cjfa-28100	189	21	distribution	distribution	NOUN
cjfa-28100	189	22	,	,	PUNCT
cjfa-28100	189	23	and	and	CCONJ
cjfa-28100	189	24	the	the	DET
cjfa-28100	189	25	generalised	generalise	VERB
cjfa-28100	189	26	error	error	NOUN
cjfa-28100	189	27	distribution	distribution	NOUN
cjfa-28100	189	28	(	(	PUNCT
cjfa-28100	189	29	ged	ge	VERB
cjfa-28100	189	30	)	)	PUNCT
cjfa-28100	189	31	for	for	ADP
cjfa-28100	189	32	the	the	DET
cjfa-28100	189	33	empirical	empirical	ADJ
cjfa-28100	189	34	analysis	analysis	NOUN
cjfa-28100	189	35	are	be	AUX
cjfa-28100	189	36	stated	state	VERB
cjfa-28100	189	37	as	as	ADP
cjfa-28100	189	38	;	;	PUNCT
cjfa-28100	189	39	the	the	DET
cjfa-28100	189	40	gaussian	gaussian	NOUN
cjfa-28100	189	41	(	(	PUNCT
cjfa-28100	189	42	normal	normal	ADJ
cjfa-28100	189	43	)	)	PUNCT
cjfa-28100	189	44	distribution	distribution	NOUN
cjfa-28100	189	45	;	;	PUNCT
cjfa-28100	189	46	�	�	PROPN
cjfa-28100	189	47	(	(	PUNCT
cjfa-28100	189	48	�	�	PROPN
cjfa-28100	189	49	)	)	PUNCT
cjfa-28100	189	50	=	=	SYM
cjfa-28100	189	51	�	�	PROPN
cjfa-28100	189	52	√	√	NUM
cjfa-28100	189	53	�	�	PROPN
cjfa-28100	189	54	�	�	PROPN
cjfa-28100	189	55	�	�	PROPN
cjfa-28100	189	56	�	�	PROPN
cjfa-28100	189	57	�	�	PROPN
cjfa-28100	189	58	�	�	PROPN
cjfa-28100	189	59	(	(	PUNCT
cjfa-28100	189	60	�	�	PROPN
cjfa-28100	189	61	�	�	PROPN
cjfa-28100	189	62	�	�	PROPN
cjfa-28100	189	63	)	)	PUNCT
cjfa-28100	189	64	�	�	PROPN
cjfa-28100	189	65	�	�	PROPN
cjfa-28100	189	66	�	�	PROPN
cjfa-28100	189	67	�	�	PROPN
cjfa-28100	189	68	(	(	PUNCT
cjfa-28100	189	69	12	12	NUM
cjfa-28100	189	70	)	)	PUNCT
cjfa-28100	189	71	where	where	SCONJ
cjfa-28100	189	72	�	�	PROPN
cjfa-28100	189	73	is	be	AUX
cjfa-28100	189	74	the	the	DET
cjfa-28100	189	75	mean	mean	ADJ
cjfa-28100	189	76	value	value	NOUN
cjfa-28100	189	77	and	and	CCONJ
cjfa-28100	189	78	�	�	PROPN
cjfa-28100	189	79	�	�	PROPN
cjfa-28100	189	80	is	be	AUX
cjfa-28100	189	81	the	the	DET
cjfa-28100	189	82	variance	variance	NOUN
cjfa-28100	189	83	of	of	ADP
cjfa-28100	189	84	the	the	DET
cjfa-28100	189	85	error	error	NOUN
cjfa-28100	189	86	from	from	ADP
cjfa-28100	189	87	the	the	DET
cjfa-28100	189	88	return	return	NOUN
cjfa-28100	189	89	equation	equation	NOUN
cjfa-28100	189	90	.	.	PUNCT
cjfa-28100	190	1	it	it	PRON
cjfa-28100	190	2	considers	consider	VERB
cjfa-28100	190	3	the	the	DET
cjfa-28100	190	4	mean	mean	ADJ
cjfa-28100	190	5	value	value	NOUN
cjfa-28100	190	6	(	(	PUNCT
cjfa-28100	190	7	�	�	PROPN
cjfa-28100	190	8	)	)	PUNCT
cjfa-28100	190	9	=	=	SYM
cjfa-28100	190	10	0	0	NUM
cjfa-28100	190	11	and	and	CCONJ
cjfa-28100	190	12	variance	variance	NOUN
cjfa-28100	190	13	(	(	PUNCT
cjfa-28100	190	14	�	�	NOUN
cjfa-28100	190	15	�	�	PROPN
cjfa-28100	190	16	)	)	PUNCT
cjfa-28100	190	17	=	=	SYM
cjfa-28100	191	1	1	1	X
cjfa-28100	191	2	.	.	PUNCT
cjfa-28100	192	1	the	the	DET
cjfa-28100	192	2	student’s	student’s	NOUN
cjfa-28100	192	3	-	-	PUNCT
cjfa-28100	192	4	t	t	NOUN
cjfa-28100	192	5	distribution	distribution	NOUN
cjfa-28100	192	6	;	;	PUNCT
cjfa-28100	192	7	�	�	PROPN
cjfa-28100	192	8	(	(	PUNCT
cjfa-28100	192	9	�	�	PROPN
cjfa-28100	192	10	)	)	PUNCT
cjfa-28100	192	11	=	=	SYM
cjfa-28100	192	12	�	�	PROPN
cjfa-28100	192	13	�	�	PROPN
cjfa-28100	192	14	�	�	PROPN
cjfa-28100	192	15	�	�	PROPN
cjfa-28100	192	16	�	�	PROPN
cjfa-28100	192	17	�	�	PROPN
cjfa-28100	192	18	]	]	PUNCT
cjfa-28100	192	19	�	�	PROPN
cjfa-28100	192	20	�	�	PROPN
cjfa-28100	192	21	�	�	PROPN
cjfa-28100	192	22	�	�	PROPN
cjfa-28100	192	23	�	�	PROPN
cjfa-28100	192	24	�	�	PROPN
cjfa-28100	192	25	]	]	PUNCT
cjfa-28100	192	26	(	(	PUNCT
cjfa-28100	192	27	�	�	PROPN
cjfa-28100	192	28	�	�	PROPN
cjfa-28100	192	29	�	�	PROPN
cjfa-28100	192	30	�	�	PROPN
cjfa-28100	192	31	�	�	PROPN
cjfa-28100	192	32	)	)	PUNCT
cjfa-28100	192	33	�	�	PROPN
cjfa-28100	192	34	�	�	PROPN
cjfa-28100	192	35	�	�	PROPN
cjfa-28100	192	36	�	�	PROPN
cjfa-28100	192	37	(	(	PUNCT
cjfa-28100	192	38	13	13	NUM
cjfa-28100	192	39	)	)	PUNCT
cjfa-28100	192	40	.	.	PUNCT
cjfa-28100	193	1	thus	thus	ADV
cjfa-28100	193	2	,	,	PUNCT
cjfa-28100	193	3	the	the	DET
cjfa-28100	193	4	half	half	ADJ
cjfa-28100	193	5	-	-	PUNCT
cjfa-28100	193	6	life	life	NOUN
cjfa-28100	193	7	of	of	ADP
cjfa-28100	193	8	volatility	volatility	NOUN
cjfa-28100	193	9	shock	shock	NOUN
cjfa-28100	193	10	is	be	AUX
cjfa-28100	193	11	given	give	VERB
cjfa-28100	193	12	by	by	ADP
cjfa-28100	193	13	zivot	zivot	PROPN
cjfa-28100	193	14	and	and	CCONJ
cjfa-28100	193	15	wang	wang	PROPN
cjfa-28100	193	16	(	(	PUNCT
cjfa-28100	193	17	2006	2006	NUM
cjfa-28100	193	18	)	)	PUNCT
cjfa-28100	193	19	and	and	CCONJ
cjfa-28100	193	20	reider	reider	NOUN
cjfa-28100	193	21	(	(	PUNCT
cjfa-28100	193	22	2009	2009	NUM
cjfa-28100	193	23	)	)	PUNCT
cjfa-28100	193	24	as	as	ADP
cjfa-28100	193	25	:	:	PUNCT
cjfa-28100	193	26	�	�	PROPN
cjfa-28100	193	27	�	�	PROPN
cjfa-28100	193	28	�	�	PROPN
cjfa-28100	193	29	�	�	PROPN
cjfa-28100	193	30	�	�	PROPN
cjfa-28100	193	31	�	�	PROPN
cjfa-28100	193	32	�	�	PROPN
cjfa-28100	193	33	=	=	SYM
cjfa-28100	193	34	(	(	PUNCT
cjfa-28100	193	35	�	�	PROPN
cjfa-28100	193	36	�	�	PROPN
cjfa-28100	193	37	�	�	PROPN
cjfa-28100	193	38	)	)	PUNCT
cjfa-28100	193	39	(	(	PUNCT
cjfa-28100	193	40	�	�	PROPN
cjfa-28100	193	41	�	�	PROPN
cjfa-28100	193	42	�	�	PROPN
cjfa-28100	193	43	�	�	PROPN
cjfa-28100	193	44	�	�	PROPN
cjfa-28100	193	45	�	�	PROPN
cjfa-28100	193	46	�	�	PROPN
cjfa-28100	193	47	�	�	PROPN
cjfa-28100	193	48	�	�	PROPN
cjfa-28100	193	49	)	)	PUNCT
cjfa-28100	193	50	�	�	PROPN
cjfa-28100	193	51	�	�	PROPN
cjfa-28100	193	52	�	�	PROPN
cjfa-28100	193	53	�	�	PROPN
cjfa-28100	193	54	�	�	PROPN
cjfa-28100	193	55	�	�	PROPN
cjfa-28100	193	56	�	�	PROPN
cjfa-28100	193	57	�	�	PROPN
cjfa-28100	193	58	(	(	PUNCT
cjfa-28100	193	59	10	10	NUM
cjfa-28100	193	60	)	)	PUNCT
cjfa-28100	193	61	where	where	SCONJ
cjfa-28100	193	62	�	�	PROPN
cjfa-28100	193	63	�	�	PROPN
cjfa-28100	193	64	�	�	PROPN
cjfa-28100	193	65	=	=	SYM
cjfa-28100	193	66	�	�	PROPN
cjfa-28100	193	67	�	�	PROPN
cjfa-28100	193	68	(	(	PUNCT
cjfa-28100	193	69	�	�	PROPN
cjfa-28100	193	70	�	�	PROPN
cjfa-28100	193	71	�	�	PROPN
cjfa-28100	193	72	�	�	PROPN
cjfa-28100	193	73	�	�	PROPN
cjfa-28100	193	74	)	)	PUNCT
cjfa-28100	193	75	is	be	AUX
cjfa-28100	193	76	the	the	DET
cjfa-28100	193	77	unconditional	unconditional	ADJ
cjfa-28100	193	78	long	long	ADJ
cjfa-28100	193	79	run	run	NOUN
cjfa-28100	193	80	magnitude	magnitude	NOUN
cjfa-28100	193	81	of	of	ADP
cjfa-28100	193	82	volatility	volatility	NOUN
cjfa-28100	193	83	persistence	persistence	NOUN
cjfa-28100	193	84	and	and	CCONJ
cjfa-28100	193	85	�	�	PROPN
cjfa-28100	193	86	�	�	PROPN
cjfa-28100	193	87	=	=	SYM
cjfa-28100	193	88	(	(	PUNCT
cjfa-28100	193	89	�	�	PROPN
cjfa-28100	193	90	�	�	PROPN
cjfa-28100	193	91	�	�	PROPN
cjfa-28100	193	92	�	�	PROPN
cjfa-28100	193	93	�	�	PROPN
cjfa-28100	193	94	�	�	PROPN
cjfa-28100	193	95	�	�	PROPN
cjfa-28100	193	96	)	)	PUNCT
cjfa-28100	193	97	.	.	PUNCT
cjfa-28100	194	1	the	the	DET
cjfa-28100	194	2	mean	mean	ADJ
cjfa-28100	194	3	reverting	revert	VERB
cjfa-28100	194	4	rate	rate	NOUN
cjfa-28100	194	5	�	�	PROPN
cjfa-28100	194	6	�	�	PROPN
cjfa-28100	194	7	�	�	PROPN
cjfa-28100	194	8	in	in	ADP
cjfa-28100	194	9	a	a	DET
cjfa-28100	194	10	good	good	ADJ
cjfa-28100	194	11	fitted	fit	VERB
cjfa-28100	194	12	model	model	NOUN
cjfa-28100	194	13	is	be	AUX
cjfa-28100	194	14	usually	usually	ADV
cjfa-28100	194	15	very	very	ADV
cjfa-28100	194	16	close	close	ADJ
cjfa-28100	194	17	to	to	ADP
cjfa-28100	194	18	1	1	NUM
cjfa-28100	194	19	which	which	PRON
cjfa-28100	194	20	controls	control	VERB
cjfa-28100	194	21	the	the	DET
cjfa-28100	194	22	magnitude	magnitude	NOUN
cjfa-28100	194	23	of	of	ADP
cjfa-28100	194	24	mean	mean	ADJ
cjfa-28100	194	25	reversion	reversion	NOUN
cjfa-28100	194	26	(	(	PUNCT
cjfa-28100	194	27	volatility	volatility	NOUN
cjfa-28100	194	28	persistence	persistence	NOUN
cjfa-28100	194	29	)	)	PUNCT
cjfa-28100	194	30	.	.	PUNCT
cjfa-28100	195	1	if	if	SCONJ
cjfa-28100	195	2	the	the	DET
cjfa-28100	195	3	variance	variance	NOUN
cjfa-28100	195	4	spikes	spike	VERB
cjfa-28100	195	5	up	up	ADP
cjfa-28100	195	6	during	during	ADP
cjfa-28100	195	7	crisis	crisis	NOUN
cjfa-28100	195	8	,	,	PUNCT
cjfa-28100	195	9	the	the	DET
cjfa-28100	195	10	number	number	NOUN
cjfa-28100	195	11	of	of	ADP
cjfa-28100	195	12	periods	period	NOUN
cjfa-28100	195	13	until	until	SCONJ
cjfa-28100	195	14	it	it	PRON
cjfa-28100	195	15	is	be	AUX
cjfa-28100	195	16	halfway	halfway	ADV
cjfa-28100	195	17	between	between	ADP
cjfa-28100	195	18	the	the	DET
cjfa-28100	195	19	first	first	ADJ
cjfa-28100	195	20	forecast	forecast	NOUN
cjfa-28100	195	21	and	and	CCONJ
cjfa-28100	195	22	the	the	DET
cjfa-28100	195	23	unconditional	unconditional	ADJ
cjfa-28100	195	24	variance	variance	NOUN
cjfa-28100	195	25	is	be	AUX
cjfa-28100	195	26	(	(	PUNCT
cjfa-28100	195	27	�	�	PROPN
cjfa-28100	195	28	�	�	PROPN
cjfa-28100	195	29	�	�	PROPN
cjfa-28100	195	30	)	)	PUNCT
cjfa-28100	195	31	�	�	PROPN
cjfa-28100	195	32	=	=	SYM
cjfa-28100	195	33	�	�	PROPN
cjfa-28100	195	34	�	�	PROPN
cjfa-28100	195	35	=	=	NUM
cjfa-28100	195	36	0.5	0.5	NUM
cjfa-28100	195	37	.	.	PUNCT
cjfa-28100	196	1	thus	thus	ADV
cjfa-28100	196	2	,	,	PUNCT
cjfa-28100	196	3	the	the	DET
cjfa-28100	196	4	half	half	ADJ
cjfa-28100	196	5	-	-	PUNCT
cjfa-28100	196	6	life	life	NOUN
cjfa-28100	196	7	of	of	ADP
cjfa-28100	196	8	volatility	volatility	NOUN
cjfa-28100	196	9	shock	shock	NOUN
cjfa-28100	196	10	is	be	AUX
cjfa-28100	196	11	given	give	VERB
cjfa-28100	196	12	by	by	ADP
cjfa-28100	196	13	zivot	zivot	PROPN
cjfa-28100	196	14	and	and	CCONJ
cjfa-28100	196	15	wang	wang	PROPN
cjfa-28100	196	16	(	(	PUNCT
cjfa-28100	196	17	2006	2006	NUM
cjfa-28100	196	18	)	)	PUNCT
cjfa-28100	196	19	and	and	CCONJ
cjfa-28100	196	20	reider	reider	NOUN
cjfa-28100	196	21	(	(	PUNCT
cjfa-28100	196	22	2009	2009	NUM
cjfa-28100	196	23	)	)	PUNCT
cjfa-28100	196	24	as	as	ADP
cjfa-28100	196	25	:	:	PUNCT
cjfa-28100	196	26	�	�	PROPN
cjfa-28100	196	27	(	(	PUNCT
cjfa-28100	196	28	�	�	PROPN
cjfa-28100	196	29	�	�	PROPN
cjfa-28100	196	30	�	�	PROPN
cjfa-28100	196	31	�	�	PROPN
cjfa-28100	196	32	�	�	PROPN
cjfa-28100	196	33	�	�	PROPN
cjfa-28100	196	34	�	�	PROPN
cjfa-28100	196	35	�	�	PROPN
cjfa-28100	196	36	)	)	PUNCT
cjfa-28100	196	37	=	=	SYM
cjfa-28100	196	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	196	39	)	)	PUNCT
cjfa-28100	196	40	�	�	PROPN
cjfa-28100	196	41	�	�	PROPN
cjfa-28100	196	42	�	�	PROPN
cjfa-28100	196	43	(	(	PUNCT
cjfa-28100	196	44	�	�	PROPN
cjfa-28100	196	45	�	�	PROPN
cjfa-28100	196	46	�	�	PROPN
cjfa-28100	196	47	)	)	PUNCT
cjfa-28100	196	48	(	(	PUNCT
cjfa-28100	196	49	11	11	NUM
cjfa-28100	196	50	)	)	PUNCT
cjfa-28100	196	51	according	accord	VERB
cjfa-28100	196	52	to	to	ADP
cjfa-28100	196	53	the	the	DET
cjfa-28100	196	54	garch	garch	NOUN
cjfa-28100	196	55	model	model	NOUN
cjfa-28100	196	56	and	and	CCONJ
cjfa-28100	196	57	the	the	DET
cjfa-28100	196	58	mean	mean	ADJ
cjfa-28100	196	59	reverting	revert	VERB
cjfa-28100	196	60	model	model	NOUN
cjfa-28100	196	61	,	,	PUNCT
cjfa-28100	196	62	it	it	PRON
cjfa-28100	196	63	is	be	AUX
cjfa-28100	196	64	expected	expect	VERB
cjfa-28100	196	65	that	that	SCONJ
cjfa-28100	196	66	�	�	PROPN
cjfa-28100	196	67	,	,	PUNCT
cjfa-28100	196	68	�	�	PROPN
cjfa-28100	196	69	>	>	X
cjfa-28100	196	70	0	0	PUNCT
cjfa-28100	196	71	and	and	CCONJ
cjfa-28100	196	72	(	(	PUNCT
cjfa-28100	196	73	�	�	PROPN
cjfa-28100	196	74	+	+	CCONJ
cjfa-28100	196	75	�	�	PROPN
cjfa-28100	196	76	)	)	PUNCT
cjfa-28100	196	77	<	<	X
cjfa-28100	196	78	1	1	X
cjfa-28100	196	79	.	.	PUNCT
cjfa-28100	196	80	indicating	indicate	VERB
cjfa-28100	196	81	that	that	SCONJ
cjfa-28100	196	82	the	the	DET
cjfa-28100	196	83	past	past	ADJ
cjfa-28100	196	84	squared	squared	ADJ
cjfa-28100	196	85	residual	residual	ADJ
cjfa-28100	196	86	of	of	ADP
cjfa-28100	196	87	the	the	DET
cjfa-28100	196	88	mean	mean	ADJ
cjfa-28100	196	89	return	return	NOUN
cjfa-28100	196	90	and	and	CCONJ
cjfa-28100	196	91	the	the	DET
cjfa-28100	196	92	past	past	ADJ
cjfa-28100	196	93	return	return	NOUN
cjfa-28100	196	94	variance	variance	NOUN
cjfa-28100	196	95	information	information	NOUN
cjfa-28100	196	96	individually	individually	ADV
cjfa-28100	196	97	and	and	CCONJ
cjfa-28100	196	98	jointly	jointly	ADV
cjfa-28100	196	99	can	can	AUX
cjfa-28100	196	100	not	not	PART
cjfa-28100	196	101	influence	influence	VERB
cjfa-28100	196	102	the	the	DET
cjfa-28100	196	103	current	current	ADJ
cjfa-28100	196	104	return	return	NOUN
cjfa-28100	196	105	variance	variance	NOUN
cjfa-28100	196	106	while	while	SCONJ
cjfa-28100	196	107	the	the	DET
cjfa-28100	196	108	addition	addition	NOUN
cjfa-28100	196	109	(	(	PUNCT
cjfa-28100	196	110	sum	sum	NOUN
cjfa-28100	196	111	)	)	PUNCT
cjfa-28100	196	112	of	of	ADP
cjfa-28100	196	113	�	�	PROPN
cjfa-28100	196	114	+	+	CCONJ
cjfa-28100	196	115	�	�	PROPN
cjfa-28100	196	116	reflect	reflect	VERB
cjfa-28100	196	117	the	the	DET
cjfa-28100	196	118	magnitude	magnitude	NOUN
cjfa-28100	196	119	of	of	ADP
cjfa-28100	196	120	volatility	volatility	NOUN
cjfa-28100	196	121	persistence	persistence	NOUN
cjfa-28100	196	122	in	in	ADP
cjfa-28100	196	123	return	return	NOUN
cjfa-28100	196	124	series	series	NOUN
cjfa-28100	196	125	.	.	PUNCT
cjfa-28100	197	1	the	the	DET
cjfa-28100	197	2	conditional	conditional	ADJ
cjfa-28100	197	3	distributions	distribution	NOUN
cjfa-28100	197	4	for	for	ADP
cjfa-28100	197	5	the	the	DET
cjfa-28100	197	6	standardized	standardized	ADJ
cjfa-28100	197	7	residuals	residual	NOUN
cjfa-28100	197	8	of	of	ADP
cjfa-28100	197	9	returns	return	NOUN
cjfa-28100	197	10	innovations	innovation	NOUN
cjfa-28100	197	11	were	be	AUX
cjfa-28100	197	12	estimated	estimate	VERB
cjfa-28100	197	13	under	under	ADP
cjfa-28100	197	14	the	the	DET
cjfa-28100	197	15	gaussian	gaussian	ADJ
cjfa-28100	197	16	distribution	distribution	NOUN
cjfa-28100	197	17	,	,	PUNCT
cjfa-28100	197	18	student’s	student’s	NOUN
cjfa-28100	197	19	-	-	PUNCT
cjfa-28100	197	20	t	t	NOUN
cjfa-28100	197	21	distribution	distribution	NOUN
cjfa-28100	197	22	,	,	PUNCT
cjfa-28100	197	23	and	and	CCONJ
cjfa-28100	197	24	the	the	DET
cjfa-28100	197	25	generalised	generalise	VERB
cjfa-28100	197	26	error	error	NOUN
cjfa-28100	197	27	distribution	distribution	NOUN
cjfa-28100	197	28	(	(	PUNCT
cjfa-28100	197	29	ged	ge	VERB
cjfa-28100	197	30	)	)	PUNCT
cjfa-28100	197	31	for	for	ADP
cjfa-28100	197	32	the	the	DET
cjfa-28100	197	33	empirical	empirical	ADJ
cjfa-28100	197	34	analysis	analysis	NOUN
cjfa-28100	197	35	are	be	AUX
cjfa-28100	197	36	stated	state	VERB
cjfa-28100	197	37	as	as	ADP
cjfa-28100	197	38	;	;	PUNCT
cjfa-28100	197	39	the	the	DET
cjfa-28100	197	40	gaussian	gaussian	NOUN
cjfa-28100	197	41	(	(	PUNCT
cjfa-28100	197	42	normal	normal	ADJ
cjfa-28100	197	43	)	)	PUNCT
cjfa-28100	197	44	distribution	distribution	NOUN
cjfa-28100	197	45	;	;	PUNCT
cjfa-28100	197	46	�	�	PROPN
cjfa-28100	197	47	(	(	PUNCT
cjfa-28100	197	48	�	�	PROPN
cjfa-28100	197	49	)	)	PUNCT
cjfa-28100	197	50	=	=	SYM
cjfa-28100	197	51	�	�	PROPN
cjfa-28100	197	52	√	√	NUM
cjfa-28100	197	53	�	�	PROPN
cjfa-28100	197	54	�	�	PROPN
cjfa-28100	197	55	�	�	PROPN
cjfa-28100	197	56	�	�	PROPN
cjfa-28100	197	57	�	�	PROPN
cjfa-28100	197	58	�	�	PROPN
cjfa-28100	197	59	(	(	PUNCT
cjfa-28100	197	60	�	�	PROPN
cjfa-28100	197	61	�	�	PROPN
cjfa-28100	197	62	�	�	PROPN
cjfa-28100	197	63	)	)	PUNCT
cjfa-28100	197	64	�	�	PROPN
cjfa-28100	197	65	�	�	PROPN
cjfa-28100	197	66	�	�	PROPN
cjfa-28100	197	67	�	�	PROPN
cjfa-28100	197	68	(	(	PUNCT
cjfa-28100	197	69	12	12	NUM
cjfa-28100	197	70	)	)	PUNCT
cjfa-28100	197	71	where	where	SCONJ
cjfa-28100	197	72	�	�	PROPN
cjfa-28100	197	73	is	be	AUX
cjfa-28100	197	74	the	the	DET
cjfa-28100	197	75	mean	mean	ADJ
cjfa-28100	197	76	value	value	NOUN
cjfa-28100	197	77	and	and	CCONJ
cjfa-28100	197	78	�	�	PROPN
cjfa-28100	197	79	�	�	PROPN
cjfa-28100	197	80	is	be	AUX
cjfa-28100	197	81	the	the	DET
cjfa-28100	197	82	variance	variance	NOUN
cjfa-28100	197	83	of	of	ADP
cjfa-28100	197	84	the	the	DET
cjfa-28100	197	85	error	error	NOUN
cjfa-28100	197	86	from	from	ADP
cjfa-28100	197	87	the	the	DET
cjfa-28100	197	88	return	return	NOUN
cjfa-28100	197	89	equation	equation	NOUN
cjfa-28100	197	90	.	.	PUNCT
cjfa-28100	198	1	it	it	PRON
cjfa-28100	198	2	considers	consider	VERB
cjfa-28100	198	3	the	the	DET
cjfa-28100	198	4	mean	mean	ADJ
cjfa-28100	198	5	value	value	NOUN
cjfa-28100	198	6	(	(	PUNCT
cjfa-28100	198	7	�	�	PROPN
cjfa-28100	198	8	)	)	PUNCT
cjfa-28100	198	9	=	=	SYM
cjfa-28100	198	10	0	0	NUM
cjfa-28100	198	11	and	and	CCONJ
cjfa-28100	198	12	variance	variance	NOUN
cjfa-28100	198	13	(	(	PUNCT
cjfa-28100	198	14	�	�	NOUN
cjfa-28100	198	15	�	�	PROPN
cjfa-28100	198	16	)	)	PUNCT
cjfa-28100	198	17	=	=	SYM
cjfa-28100	199	1	1	1	X
cjfa-28100	199	2	.	.	PUNCT
cjfa-28100	200	1	the	the	DET
cjfa-28100	200	2	student’s	student’s	NOUN
cjfa-28100	200	3	-	-	PUNCT
cjfa-28100	200	4	t	t	NOUN
cjfa-28100	200	5	distribution	distribution	NOUN
cjfa-28100	200	6	;	;	PUNCT
cjfa-28100	200	7	�	�	PROPN
cjfa-28100	200	8	(	(	PUNCT
cjfa-28100	200	9	�	�	PROPN
cjfa-28100	200	10	)	)	PUNCT
cjfa-28100	200	11	=	=	SYM
cjfa-28100	200	12	�	�	PROPN
cjfa-28100	200	13	�	�	PROPN
cjfa-28100	200	14	�	�	PROPN
cjfa-28100	200	15	�	�	PROPN
cjfa-28100	200	16	�	�	PROPN
cjfa-28100	200	17	�	�	PROPN
cjfa-28100	200	18	]	]	PUNCT
cjfa-28100	200	19	�	�	PROPN
cjfa-28100	200	20	�	�	PROPN
cjfa-28100	200	21	�	�	PROPN
cjfa-28100	200	22	�	�	PROPN
cjfa-28100	200	23	�	�	PROPN
cjfa-28100	200	24	�	�	PROPN
cjfa-28100	200	25	]	]	PUNCT
cjfa-28100	200	26	(	(	PUNCT
cjfa-28100	200	27	�	�	PROPN
cjfa-28100	200	28	�	�	PROPN
cjfa-28100	200	29	�	�	PROPN
cjfa-28100	200	30	�	�	PROPN
cjfa-28100	200	31	�	�	PROPN
cjfa-28100	200	32	)	)	PUNCT
cjfa-28100	200	33	�	�	PROPN
cjfa-28100	200	34	�	�	PROPN
cjfa-28100	200	35	�	�	PROPN
cjfa-28100	200	36	�	�	PROPN
cjfa-28100	200	37	(	(	PUNCT
cjfa-28100	200	38	13	13	NUM
cjfa-28100	200	39	)	)	PUNCT
cjfa-28100	200	40	(	(	PUNCT
cjfa-28100	200	41	11	11	NUM
cjfa-28100	200	42	)	)	PUNCT
cjfa-28100	200	43	according	accord	VERB
cjfa-28100	200	44	to	to	ADP
cjfa-28100	200	45	the	the	DET
cjfa-28100	200	46	garch	garch	NOUN
cjfa-28100	200	47	model	model	NOUN
cjfa-28100	200	48	and	and	CCONJ
cjfa-28100	200	49	the	the	DET
cjfa-28100	200	50	mean	mean	ADJ
cjfa-28100	200	51	reverting	revert	VERB
cjfa-28100	200	52	model	model	NOUN
cjfa-28100	200	53	,	,	PUNCT
cjfa-28100	200	54	it	it	PRON
cjfa-28100	200	55	is	be	AUX
cjfa-28100	200	56	expected	expect	VERB
cjfa-28100	200	57	that	that	SCONJ
cjfa-28100	200	58	α	α	X
cjfa-28100	200	59	,	,	PUNCT
cjfa-28100	200	60	β	β	X
cjfa-28100	200	61	>	>	X
cjfa-28100	200	62	0	0	PUNCT
cjfa-28100	200	63	and	and	CCONJ
cjfa-28100	200	64	(	(	PUNCT
cjfa-28100	200	65	α	α	NOUN
cjfa-28100	200	66	+	+	X
cjfa-28100	200	67	β	β	X
cjfa-28100	200	68	)	)	PUNCT
cjfa-28100	200	69	<	<	X
cjfa-28100	200	70	1	1	X
cjfa-28100	200	71	.	.	PUNCT
cjfa-28100	200	72	indicating	indicate	VERB
cjfa-28100	200	73	that	that	SCONJ
cjfa-28100	200	74	the	the	DET
cjfa-28100	200	75	past	past	ADJ
cjfa-28100	200	76	squared	squared	ADJ
cjfa-28100	200	77	residual	residual	ADJ
cjfa-28100	200	78	of	of	ADP
cjfa-28100	200	79	the	the	DET
cjfa-28100	200	80	mean	mean	ADJ
cjfa-28100	200	81	return	return	NOUN
cjfa-28100	200	82	and	and	CCONJ
cjfa-28100	200	83	the	the	DET
cjfa-28100	200	84	past	past	ADJ
cjfa-28100	200	85	return	return	NOUN
cjfa-28100	200	86	variance	variance	NOUN
cjfa-28100	200	87	information	information	NOUN
cjfa-28100	200	88	individually	individually	ADV
cjfa-28100	200	89	and	and	CCONJ
cjfa-28100	200	90	jointly	jointly	ADV
cjfa-28100	200	91	can	can	AUX
cjfa-28100	200	92	not	not	PART
cjfa-28100	200	93	influence	influence	VERB
cjfa-28100	200	94	the	the	DET
cjfa-28100	200	95	current	current	ADJ
cjfa-28100	200	96	return	return	NOUN
cjfa-28100	200	97	variance	variance	NOUN
cjfa-28100	200	98	while	while	SCONJ
cjfa-28100	200	99	the	the	DET
cjfa-28100	200	100	addition	addition	NOUN
cjfa-28100	200	101	(	(	PUNCT
cjfa-28100	200	102	sum	sum	NOUN
cjfa-28100	200	103	)	)	PUNCT
cjfa-28100	200	104	of	of	ADP
cjfa-28100	200	105	α	α	PROPN
cjfa-28100	200	106	+	+	X
cjfa-28100	200	107	β	β	NOUN
cjfa-28100	200	108	reflect	reflect	VERB
cjfa-28100	200	109	the	the	DET
cjfa-28100	200	110	magnitude	magnitude	NOUN
cjfa-28100	200	111	of	of	ADP
cjfa-28100	200	112	volatility	volatility	NOUN
cjfa-28100	200	113	persistence	persistence	NOUN
cjfa-28100	200	114	in	in	ADP
cjfa-28100	200	115	return	return	NOUN
cjfa-28100	200	116	series	series	NOUN
cjfa-28100	200	117	.	.	PUNCT
cjfa-28100	201	1	the	the	DET
cjfa-28100	201	2	conditional	conditional	ADJ
cjfa-28100	201	3	distributions	distribution	NOUN
cjfa-28100	201	4	for	for	ADP
cjfa-28100	201	5	the	the	DET
cjfa-28100	201	6	standardized	standardized	ADJ
cjfa-28100	201	7	residuals	residual	NOUN
cjfa-28100	201	8	of	of	ADP
cjfa-28100	201	9	returns	return	NOUN
cjfa-28100	201	10	innovations	innovation	NOUN
cjfa-28100	201	11	were	be	AUX
cjfa-28100	201	12	estimated	estimate	VERB
cjfa-28100	201	13	under	under	ADP
cjfa-28100	201	14	the	the	DET
cjfa-28100	201	15	gaussian	gaussian	ADJ
cjfa-28100	201	16	distribution	distribution	NOUN
cjfa-28100	201	17	,	,	PUNCT
cjfa-28100	201	18	student’s	student’s	NOUN
cjfa-28100	201	19	-	-	PUNCT
cjfa-28100	201	20	t	t	NOUN
cjfa-28100	201	21	distribution	distribution	NOUN
cjfa-28100	201	22	,	,	PUNCT
cjfa-28100	201	23	and	and	CCONJ
cjfa-28100	201	24	the	the	DET
cjfa-28100	201	25	generalised	generalise	VERB
cjfa-28100	201	26	error	error	NOUN
cjfa-28100	201	27	distribution	distribution	NOUN
cjfa-28100	201	28	(	(	PUNCT
cjfa-28100	201	29	ged	ge	VERB
cjfa-28100	201	30	)	)	PUNCT
cjfa-28100	201	31	for	for	ADP
cjfa-28100	201	32	the	the	DET
cjfa-28100	201	33	empirical	empirical	ADJ
cjfa-28100	201	34	analysis	analysis	NOUN
cjfa-28100	201	35	are	be	AUX
cjfa-28100	201	36	stated	state	VERB
cjfa-28100	201	37	as	as	ADP
cjfa-28100	201	38	;	;	PUNCT
cjfa-28100	201	39	the	the	DET
cjfa-28100	201	40	gaussian	gaussian	NOUN
cjfa-28100	201	41	(	(	PUNCT
cjfa-28100	201	42	normal	normal	ADJ
cjfa-28100	201	43	)	)	PUNCT
cjfa-28100	201	44	distribution	distribution	NOUN
cjfa-28100	201	45	;	;	PUNCT
cjfa-28100	201	46	evaluating	evaluate	VERB
cjfa-28100	201	47	volatility	volatility	NOUN
cjfa-28100	201	48	persistence	persistence	NOUN
cjfa-28100	201	49	of	of	ADP
cjfa-28100	201	50	stock	stock	NOUN
cjfa-28100	201	51	return	return	NOUN
cjfa-28100	201	52	…	…	PUNCT
cjfa-28100	201	53	81	81	NUM
cjfa-28100	201	54	�	�	PROPN
cjfa-28100	201	55	�	�	PROPN
cjfa-28100	201	56	�	�	PROPN
cjfa-28100	201	57	�	�	PROPN
cjfa-28100	201	58	�	�	PROPN
cjfa-28100	201	59	�	�	PROPN
cjfa-28100	201	60	�	�	PROPN
cjfa-28100	201	61	=	=	SYM
cjfa-28100	201	62	(	(	PUNCT
cjfa-28100	201	63	�	�	PROPN
cjfa-28100	201	64	�	�	PROPN
cjfa-28100	201	65	�	�	PROPN
cjfa-28100	201	66	)	)	PUNCT
cjfa-28100	201	67	(	(	PUNCT
cjfa-28100	201	68	�	�	PROPN
cjfa-28100	201	69	�	�	PROPN
cjfa-28100	201	70	�	�	PROPN
cjfa-28100	201	71	�	�	PROPN
cjfa-28100	201	72	�	�	PROPN
cjfa-28100	201	73	�	�	PROPN
cjfa-28100	201	74	�	�	PROPN
cjfa-28100	201	75	�	�	PROPN
cjfa-28100	201	76	�	�	PROPN
cjfa-28100	201	77	)	)	PUNCT
cjfa-28100	202	1	�	�	PROPN
cjfa-28100	202	2	�	�	PROPN
cjfa-28100	202	3	�	�	PROPN
cjfa-28100	202	4	�	�	PROPN
cjfa-28100	202	5	�	�	PROPN
cjfa-28100	202	6	�	�	PROPN
cjfa-28100	202	7	�	�	PROPN
cjfa-28100	202	8	�	�	PROPN
cjfa-28100	202	9	(	(	PUNCT
cjfa-28100	202	10	10	10	NUM
cjfa-28100	202	11	)	)	PUNCT
cjfa-28100	202	12	where	where	SCONJ
cjfa-28100	202	13	�	�	PROPN
cjfa-28100	202	14	�	�	PROPN
cjfa-28100	202	15	�	�	PROPN
cjfa-28100	202	16	=	=	SYM
cjfa-28100	202	17	�	�	PROPN
cjfa-28100	202	18	�	�	PROPN
cjfa-28100	202	19	(	(	PUNCT
cjfa-28100	202	20	�	�	PROPN
cjfa-28100	202	21	�	�	PROPN
cjfa-28100	202	22	�	�	PROPN
cjfa-28100	202	23	�	�	PROPN
cjfa-28100	202	24	�	�	PROPN
cjfa-28100	202	25	)	)	PUNCT
cjfa-28100	202	26	is	be	AUX
cjfa-28100	202	27	the	the	DET
cjfa-28100	202	28	unconditional	unconditional	ADJ
cjfa-28100	202	29	long	long	ADJ
cjfa-28100	202	30	run	run	NOUN
cjfa-28100	202	31	magnitude	magnitude	NOUN
cjfa-28100	202	32	of	of	ADP
cjfa-28100	202	33	volatility	volatility	NOUN
cjfa-28100	202	34	persistence	persistence	NOUN
cjfa-28100	202	35	and	and	CCONJ
cjfa-28100	202	36	�	�	PROPN
cjfa-28100	202	37	�	�	PROPN
cjfa-28100	202	38	=	=	SYM
cjfa-28100	202	39	(	(	PUNCT
cjfa-28100	202	40	�	�	PROPN
cjfa-28100	202	41	�	�	PROPN
cjfa-28100	202	42	�	�	PROPN
cjfa-28100	202	43	�	�	PROPN
cjfa-28100	202	44	�	�	PROPN
cjfa-28100	202	45	�	�	PROPN
cjfa-28100	202	46	�	�	PROPN
cjfa-28100	202	47	)	)	PUNCT
cjfa-28100	202	48	.	.	PUNCT
cjfa-28100	203	1	the	the	DET
cjfa-28100	203	2	mean	mean	ADJ
cjfa-28100	203	3	reverting	revert	VERB
cjfa-28100	203	4	rate	rate	NOUN
cjfa-28100	203	5	�	�	PROPN
cjfa-28100	203	6	�	�	PROPN
cjfa-28100	203	7	�	�	PROPN
cjfa-28100	203	8	in	in	ADP
cjfa-28100	203	9	a	a	DET
cjfa-28100	203	10	good	good	ADJ
cjfa-28100	203	11	fitted	fit	VERB
cjfa-28100	203	12	model	model	NOUN
cjfa-28100	203	13	is	be	AUX
cjfa-28100	203	14	usually	usually	ADV
cjfa-28100	203	15	very	very	ADV
cjfa-28100	203	16	close	close	ADJ
cjfa-28100	203	17	to	to	ADP
cjfa-28100	203	18	1	1	NUM
cjfa-28100	203	19	which	which	PRON
cjfa-28100	203	20	controls	control	VERB
cjfa-28100	203	21	the	the	DET
cjfa-28100	203	22	magnitude	magnitude	NOUN
cjfa-28100	203	23	of	of	ADP
cjfa-28100	203	24	mean	mean	ADJ
cjfa-28100	203	25	reversion	reversion	NOUN
cjfa-28100	203	26	(	(	PUNCT
cjfa-28100	203	27	volatility	volatility	NOUN
cjfa-28100	203	28	persistence	persistence	NOUN
cjfa-28100	203	29	)	)	PUNCT
cjfa-28100	203	30	.	.	PUNCT
cjfa-28100	204	1	if	if	SCONJ
cjfa-28100	204	2	the	the	DET
cjfa-28100	204	3	variance	variance	NOUN
cjfa-28100	204	4	spikes	spike	VERB
cjfa-28100	204	5	up	up	ADP
cjfa-28100	204	6	during	during	ADP
cjfa-28100	204	7	crisis	crisis	NOUN
cjfa-28100	204	8	,	,	PUNCT
cjfa-28100	204	9	the	the	DET
cjfa-28100	204	10	number	number	NOUN
cjfa-28100	204	11	of	of	ADP
cjfa-28100	204	12	periods	period	NOUN
cjfa-28100	204	13	until	until	SCONJ
cjfa-28100	204	14	it	it	PRON
cjfa-28100	204	15	is	be	AUX
cjfa-28100	204	16	halfway	halfway	ADV
cjfa-28100	204	17	between	between	ADP
cjfa-28100	204	18	the	the	DET
cjfa-28100	204	19	first	first	ADJ
cjfa-28100	204	20	forecast	forecast	NOUN
cjfa-28100	204	21	and	and	CCONJ
cjfa-28100	204	22	the	the	DET
cjfa-28100	204	23	unconditional	unconditional	ADJ
cjfa-28100	204	24	variance	variance	NOUN
cjfa-28100	204	25	is	be	AUX
cjfa-28100	204	26	(	(	PUNCT
cjfa-28100	204	27	�	�	PROPN
cjfa-28100	204	28	�	�	PROPN
cjfa-28100	204	29	�	�	PROPN
cjfa-28100	204	30	)	)	PUNCT
cjfa-28100	204	31	�	�	PROPN
cjfa-28100	204	32	=	=	SYM
cjfa-28100	204	33	�	�	PROPN
cjfa-28100	204	34	�	�	PROPN
cjfa-28100	204	35	=	=	NUM
cjfa-28100	204	36	0.5	0.5	NUM
cjfa-28100	204	37	.	.	PUNCT
cjfa-28100	205	1	thus	thus	ADV
cjfa-28100	205	2	,	,	PUNCT
cjfa-28100	205	3	the	the	DET
cjfa-28100	205	4	half	half	ADJ
cjfa-28100	205	5	-	-	PUNCT
cjfa-28100	205	6	life	life	NOUN
cjfa-28100	205	7	of	of	ADP
cjfa-28100	205	8	volatility	volatility	NOUN
cjfa-28100	205	9	shock	shock	NOUN
cjfa-28100	205	10	is	be	AUX
cjfa-28100	205	11	given	give	VERB
cjfa-28100	205	12	by	by	ADP
cjfa-28100	205	13	zivot	zivot	PROPN
cjfa-28100	205	14	and	and	CCONJ
cjfa-28100	205	15	wang	wang	PROPN
cjfa-28100	205	16	(	(	PUNCT
cjfa-28100	205	17	2006	2006	NUM
cjfa-28100	205	18	)	)	PUNCT
cjfa-28100	205	19	and	and	CCONJ
cjfa-28100	205	20	reider	reider	NOUN
cjfa-28100	205	21	(	(	PUNCT
cjfa-28100	205	22	2009	2009	NUM
cjfa-28100	205	23	)	)	PUNCT
cjfa-28100	205	24	as	as	ADP
cjfa-28100	205	25	:	:	PUNCT
cjfa-28100	205	26	�	�	PROPN
cjfa-28100	205	27	(	(	PUNCT
cjfa-28100	205	28	�	�	PROPN
cjfa-28100	205	29	�	�	PROPN
cjfa-28100	205	30	�	�	PROPN
cjfa-28100	205	31	�	�	PROPN
cjfa-28100	205	32	�	�	PROPN
cjfa-28100	205	33	�	�	PROPN
cjfa-28100	205	34	�	�	PROPN
cjfa-28100	205	35	�	�	PROPN
cjfa-28100	205	36	)	)	PUNCT
cjfa-28100	205	37	=	=	SYM
cjfa-28100	205	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	205	39	)	)	PUNCT
cjfa-28100	205	40	�	�	PROPN
cjfa-28100	205	41	�	�	PROPN
cjfa-28100	205	42	�	�	PROPN
cjfa-28100	205	43	(	(	PUNCT
cjfa-28100	205	44	�	�	PROPN
cjfa-28100	205	45	�	�	PROPN
cjfa-28100	205	46	�	�	PROPN
cjfa-28100	205	47	)	)	PUNCT
cjfa-28100	205	48	(	(	PUNCT
cjfa-28100	205	49	11	11	NUM
cjfa-28100	205	50	)	)	PUNCT
cjfa-28100	205	51	according	accord	VERB
cjfa-28100	205	52	to	to	ADP
cjfa-28100	205	53	the	the	DET
cjfa-28100	205	54	garch	garch	NOUN
cjfa-28100	205	55	model	model	NOUN
cjfa-28100	205	56	and	and	CCONJ
cjfa-28100	205	57	the	the	DET
cjfa-28100	205	58	mean	mean	ADJ
cjfa-28100	205	59	reverting	revert	VERB
cjfa-28100	205	60	model	model	NOUN
cjfa-28100	205	61	,	,	PUNCT
cjfa-28100	205	62	it	it	PRON
cjfa-28100	205	63	is	be	AUX
cjfa-28100	205	64	expected	expect	VERB
cjfa-28100	205	65	that	that	SCONJ
cjfa-28100	205	66	�	�	PROPN
cjfa-28100	205	67	,	,	PUNCT
cjfa-28100	205	68	�	�	PROPN
cjfa-28100	205	69	>	>	X
cjfa-28100	205	70	0	0	PUNCT
cjfa-28100	205	71	and	and	CCONJ
cjfa-28100	205	72	(	(	PUNCT
cjfa-28100	205	73	�	�	PROPN
cjfa-28100	205	74	+	+	CCONJ
cjfa-28100	205	75	�	�	PROPN
cjfa-28100	205	76	)	)	PUNCT
cjfa-28100	205	77	<	<	X
cjfa-28100	205	78	1	1	X
cjfa-28100	205	79	.	.	PUNCT
cjfa-28100	205	80	indicating	indicate	VERB
cjfa-28100	205	81	that	that	SCONJ
cjfa-28100	205	82	the	the	DET
cjfa-28100	205	83	past	past	ADJ
cjfa-28100	205	84	squared	squared	ADJ
cjfa-28100	205	85	residual	residual	ADJ
cjfa-28100	205	86	of	of	ADP
cjfa-28100	205	87	the	the	DET
cjfa-28100	205	88	mean	mean	ADJ
cjfa-28100	205	89	return	return	NOUN
cjfa-28100	205	90	and	and	CCONJ
cjfa-28100	205	91	the	the	DET
cjfa-28100	205	92	past	past	ADJ
cjfa-28100	205	93	return	return	NOUN
cjfa-28100	205	94	variance	variance	NOUN
cjfa-28100	205	95	information	information	NOUN
cjfa-28100	205	96	individually	individually	ADV
cjfa-28100	205	97	and	and	CCONJ
cjfa-28100	205	98	jointly	jointly	ADV
cjfa-28100	205	99	can	can	AUX
cjfa-28100	205	100	not	not	PART
cjfa-28100	205	101	influence	influence	VERB
cjfa-28100	205	102	the	the	DET
cjfa-28100	205	103	current	current	ADJ
cjfa-28100	205	104	return	return	NOUN
cjfa-28100	205	105	variance	variance	NOUN
cjfa-28100	205	106	while	while	SCONJ
cjfa-28100	205	107	the	the	DET
cjfa-28100	205	108	addition	addition	NOUN
cjfa-28100	205	109	(	(	PUNCT
cjfa-28100	205	110	sum	sum	NOUN
cjfa-28100	205	111	)	)	PUNCT
cjfa-28100	205	112	of	of	ADP
cjfa-28100	205	113	�	�	PROPN
cjfa-28100	205	114	+	+	CCONJ
cjfa-28100	205	115	�	�	PROPN
cjfa-28100	205	116	reflect	reflect	VERB
cjfa-28100	205	117	the	the	DET
cjfa-28100	205	118	magnitude	magnitude	NOUN
cjfa-28100	205	119	of	of	ADP
cjfa-28100	205	120	volatility	volatility	NOUN
cjfa-28100	205	121	persistence	persistence	NOUN
cjfa-28100	205	122	in	in	ADP
cjfa-28100	205	123	return	return	NOUN
cjfa-28100	205	124	series	series	NOUN
cjfa-28100	205	125	.	.	PUNCT
cjfa-28100	206	1	the	the	DET
cjfa-28100	206	2	conditional	conditional	ADJ
cjfa-28100	206	3	distributions	distribution	NOUN
cjfa-28100	206	4	for	for	ADP
cjfa-28100	206	5	the	the	DET
cjfa-28100	206	6	standardized	standardized	ADJ
cjfa-28100	206	7	residuals	residual	NOUN
cjfa-28100	206	8	of	of	ADP
cjfa-28100	206	9	returns	return	NOUN
cjfa-28100	206	10	innovations	innovation	NOUN
cjfa-28100	206	11	were	be	AUX
cjfa-28100	206	12	estimated	estimate	VERB
cjfa-28100	206	13	under	under	ADP
cjfa-28100	206	14	the	the	DET
cjfa-28100	206	15	gaussian	gaussian	ADJ
cjfa-28100	206	16	distribution	distribution	NOUN
cjfa-28100	206	17	,	,	PUNCT
cjfa-28100	206	18	student’s	student’s	NOUN
cjfa-28100	206	19	-	-	PUNCT
cjfa-28100	206	20	t	t	NOUN
cjfa-28100	206	21	distribution	distribution	NOUN
cjfa-28100	206	22	,	,	PUNCT
cjfa-28100	206	23	and	and	CCONJ
cjfa-28100	206	24	the	the	DET
cjfa-28100	206	25	generalised	generalise	VERB
cjfa-28100	206	26	error	error	NOUN
cjfa-28100	206	27	distribution	distribution	NOUN
cjfa-28100	206	28	(	(	PUNCT
cjfa-28100	206	29	ged	ge	VERB
cjfa-28100	206	30	)	)	PUNCT
cjfa-28100	206	31	for	for	ADP
cjfa-28100	206	32	the	the	DET
cjfa-28100	206	33	empirical	empirical	ADJ
cjfa-28100	206	34	analysis	analysis	NOUN
cjfa-28100	206	35	are	be	AUX
cjfa-28100	206	36	stated	state	VERB
cjfa-28100	206	37	as	as	ADP
cjfa-28100	206	38	;	;	PUNCT
cjfa-28100	206	39	the	the	DET
cjfa-28100	206	40	gaussian	gaussian	NOUN
cjfa-28100	206	41	(	(	PUNCT
cjfa-28100	206	42	normal	normal	ADJ
cjfa-28100	206	43	)	)	PUNCT
cjfa-28100	206	44	distribution	distribution	NOUN
cjfa-28100	206	45	;	;	PUNCT
cjfa-28100	206	46	�	�	PROPN
cjfa-28100	206	47	(	(	PUNCT
cjfa-28100	206	48	�	�	PROPN
cjfa-28100	206	49	)	)	PUNCT
cjfa-28100	206	50	=	=	SYM
cjfa-28100	206	51	�	�	PROPN
cjfa-28100	206	52	√	√	NUM
cjfa-28100	206	53	�	�	PROPN
cjfa-28100	206	54	�	�	PROPN
cjfa-28100	206	55	�	�	PROPN
cjfa-28100	206	56	�	�	PROPN
cjfa-28100	206	57	�	�	PROPN
cjfa-28100	206	58	�	�	PROPN
cjfa-28100	206	59	(	(	PUNCT
cjfa-28100	206	60	�	�	PROPN
cjfa-28100	206	61	�	�	PROPN
cjfa-28100	206	62	�	�	PROPN
cjfa-28100	206	63	)	)	PUNCT
cjfa-28100	206	64	�	�	PROPN
cjfa-28100	206	65	�	�	PROPN
cjfa-28100	206	66	�	�	PROPN
cjfa-28100	206	67	�	�	PROPN
cjfa-28100	206	68	(	(	PUNCT
cjfa-28100	206	69	12	12	NUM
cjfa-28100	206	70	)	)	PUNCT
cjfa-28100	206	71	where	where	SCONJ
cjfa-28100	206	72	�	�	PROPN
cjfa-28100	206	73	is	be	AUX
cjfa-28100	206	74	the	the	DET
cjfa-28100	206	75	mean	mean	ADJ
cjfa-28100	206	76	value	value	NOUN
cjfa-28100	206	77	and	and	CCONJ
cjfa-28100	206	78	�	�	PROPN
cjfa-28100	206	79	�	�	PROPN
cjfa-28100	206	80	is	be	AUX
cjfa-28100	206	81	the	the	DET
cjfa-28100	206	82	variance	variance	NOUN
cjfa-28100	206	83	of	of	ADP
cjfa-28100	206	84	the	the	DET
cjfa-28100	206	85	error	error	NOUN
cjfa-28100	206	86	from	from	ADP
cjfa-28100	206	87	the	the	DET
cjfa-28100	206	88	return	return	NOUN
cjfa-28100	206	89	equation	equation	NOUN
cjfa-28100	206	90	.	.	PUNCT
cjfa-28100	207	1	it	it	PRON
cjfa-28100	207	2	considers	consider	VERB
cjfa-28100	207	3	the	the	DET
cjfa-28100	207	4	mean	mean	ADJ
cjfa-28100	207	5	value	value	NOUN
cjfa-28100	207	6	(	(	PUNCT
cjfa-28100	207	7	�	�	PROPN
cjfa-28100	207	8	)	)	PUNCT
cjfa-28100	207	9	=	=	SYM
cjfa-28100	207	10	0	0	NUM
cjfa-28100	207	11	and	and	CCONJ
cjfa-28100	207	12	variance	variance	NOUN
cjfa-28100	207	13	(	(	PUNCT
cjfa-28100	207	14	�	�	NOUN
cjfa-28100	207	15	�	�	PROPN
cjfa-28100	207	16	)	)	PUNCT
cjfa-28100	207	17	=	=	SYM
cjfa-28100	208	1	1	1	X
cjfa-28100	208	2	.	.	PUNCT
cjfa-28100	209	1	the	the	DET
cjfa-28100	209	2	student’s	student’s	NOUN
cjfa-28100	209	3	-	-	PUNCT
cjfa-28100	209	4	t	t	NOUN
cjfa-28100	209	5	distribution	distribution	NOUN
cjfa-28100	209	6	;	;	PUNCT
cjfa-28100	209	7	�	�	PROPN
cjfa-28100	209	8	(	(	PUNCT
cjfa-28100	209	9	�	�	PROPN
cjfa-28100	209	10	)	)	PUNCT
cjfa-28100	209	11	=	=	SYM
cjfa-28100	209	12	�	�	PROPN
cjfa-28100	209	13	�	�	PROPN
cjfa-28100	209	14	�	�	PROPN
cjfa-28100	209	15	�	�	PROPN
cjfa-28100	209	16	�	�	PROPN
cjfa-28100	209	17	�	�	PROPN
cjfa-28100	209	18	]	]	PUNCT
cjfa-28100	209	19	�	�	PROPN
cjfa-28100	209	20	�	�	PROPN
cjfa-28100	209	21	�	�	PROPN
cjfa-28100	209	22	�	�	PROPN
cjfa-28100	209	23	�	�	PROPN
cjfa-28100	209	24	�	�	PROPN
cjfa-28100	209	25	]	]	PUNCT
cjfa-28100	209	26	(	(	PUNCT
cjfa-28100	209	27	�	�	PROPN
cjfa-28100	209	28	�	�	PROPN
cjfa-28100	209	29	�	�	PROPN
cjfa-28100	209	30	�	�	PROPN
cjfa-28100	209	31	�	�	PROPN
cjfa-28100	209	32	)	)	PUNCT
cjfa-28100	209	33	�	�	PROPN
cjfa-28100	209	34	�	�	PROPN
cjfa-28100	209	35	�	�	PROPN
cjfa-28100	209	36	�	�	PROPN
cjfa-28100	209	37	(	(	PUNCT
cjfa-28100	209	38	13	13	NUM
cjfa-28100	209	39	)	)	PUNCT
cjfa-28100	209	40	(	(	PUNCT
cjfa-28100	209	41	12	12	NUM
cjfa-28100	209	42	)	)	PUNCT
cjfa-28100	209	43	where	where	SCONJ
cjfa-28100	209	44	μ	μ	NOUN
cjfa-28100	209	45	is	be	AUX
cjfa-28100	209	46	the	the	DET
cjfa-28100	209	47	mean	mean	ADJ
cjfa-28100	209	48	value	value	NOUN
cjfa-28100	209	49	and	and	CCONJ
cjfa-28100	209	50	σ2	σ2	NOUN
cjfa-28100	209	51	is	be	AUX
cjfa-28100	209	52	the	the	DET
cjfa-28100	209	53	variance	variance	NOUN
cjfa-28100	209	54	of	of	ADP
cjfa-28100	209	55	the	the	DET
cjfa-28100	209	56	error	error	NOUN
cjfa-28100	209	57	from	from	ADP
cjfa-28100	209	58	the	the	DET
cjfa-28100	209	59	return	return	NOUN
cjfa-28100	209	60	equation	equation	NOUN
cjfa-28100	209	61	.	.	PUNCT
cjfa-28100	210	1	it	it	PRON
cjfa-28100	210	2	considers	consider	VERB
cjfa-28100	210	3	the	the	DET
cjfa-28100	210	4	mean	mean	ADJ
cjfa-28100	210	5	value	value	NOUN
cjfa-28100	210	6	(	(	PUNCT
cjfa-28100	210	7	μ	μ	NOUN
cjfa-28100	210	8	)	)	PUNCT
cjfa-28100	210	9	=	=	SYM
cjfa-28100	210	10	0	0	NUM
cjfa-28100	210	11	and	and	CCONJ
cjfa-28100	210	12	variance	variance	NOUN
cjfa-28100	210	13	(	(	PUNCT
cjfa-28100	210	14	σ2	σ2	NOUN
cjfa-28100	210	15	)	)	PUNCT
cjfa-28100	210	16	=	=	SYM
cjfa-28100	211	1	1	1	X
cjfa-28100	211	2	.	.	PUNCT
cjfa-28100	212	1	the	the	DET
cjfa-28100	212	2	student’s	student’s	NOUN
cjfa-28100	212	3	-	-	PUNCT
cjfa-28100	212	4	t	t	NOUN
cjfa-28100	212	5	distribution	distribution	NOUN
cjfa-28100	212	6	;	;	PUNCT
cjfa-28100	212	7	�	�	PROPN
cjfa-28100	212	8	�	�	PROPN
cjfa-28100	212	9	�	�	PROPN
cjfa-28100	212	10	�	�	PROPN
cjfa-28100	212	11	�	�	PROPN
cjfa-28100	212	12	�	�	PROPN
cjfa-28100	212	13	�	�	PROPN
cjfa-28100	212	14	=	=	SYM
cjfa-28100	212	15	(	(	PUNCT
cjfa-28100	212	16	�	�	PROPN
cjfa-28100	212	17	�	�	PROPN
cjfa-28100	212	18	�	�	PROPN
cjfa-28100	212	19	)	)	PUNCT
cjfa-28100	212	20	(	(	PUNCT
cjfa-28100	212	21	�	�	PROPN
cjfa-28100	212	22	�	�	PROPN
cjfa-28100	212	23	�	�	PROPN
cjfa-28100	212	24	�	�	PROPN
cjfa-28100	212	25	�	�	PROPN
cjfa-28100	212	26	�	�	PROPN
cjfa-28100	212	27	�	�	PROPN
cjfa-28100	212	28	�	�	PROPN
cjfa-28100	212	29	�	�	PROPN
cjfa-28100	212	30	)	)	PUNCT
cjfa-28100	212	31	�	�	PROPN
cjfa-28100	212	32	�	�	PROPN
cjfa-28100	212	33	�	�	PROPN
cjfa-28100	212	34	�	�	PROPN
cjfa-28100	212	35	�	�	PROPN
cjfa-28100	212	36	�	�	PROPN
cjfa-28100	212	37	�	�	PROPN
cjfa-28100	212	38	�	�	PROPN
cjfa-28100	212	39	(	(	PUNCT
cjfa-28100	212	40	10	10	NUM
cjfa-28100	212	41	)	)	PUNCT
cjfa-28100	212	42	where	where	SCONJ
cjfa-28100	212	43	�	�	PROPN
cjfa-28100	212	44	�	�	PROPN
cjfa-28100	212	45	�	�	PROPN
cjfa-28100	212	46	=	=	SYM
cjfa-28100	212	47	�	�	PROPN
cjfa-28100	212	48	�	�	PROPN
cjfa-28100	212	49	(	(	PUNCT
cjfa-28100	212	50	�	�	PROPN
cjfa-28100	212	51	�	�	PROPN
cjfa-28100	212	52	�	�	PROPN
cjfa-28100	212	53	�	�	PROPN
cjfa-28100	212	54	�	�	PROPN
cjfa-28100	212	55	)	)	PUNCT
cjfa-28100	212	56	is	be	AUX
cjfa-28100	212	57	the	the	DET
cjfa-28100	212	58	unconditional	unconditional	ADJ
cjfa-28100	212	59	long	long	ADJ
cjfa-28100	212	60	run	run	NOUN
cjfa-28100	212	61	magnitude	magnitude	NOUN
cjfa-28100	212	62	of	of	ADP
cjfa-28100	212	63	volatility	volatility	NOUN
cjfa-28100	212	64	persistence	persistence	NOUN
cjfa-28100	212	65	and	and	CCONJ
cjfa-28100	212	66	�	�	PROPN
cjfa-28100	212	67	�	�	PROPN
cjfa-28100	212	68	=	=	SYM
cjfa-28100	212	69	(	(	PUNCT
cjfa-28100	212	70	�	�	PROPN
cjfa-28100	212	71	�	�	PROPN
cjfa-28100	212	72	�	�	PROPN
cjfa-28100	212	73	�	�	PROPN
cjfa-28100	212	74	�	�	PROPN
cjfa-28100	212	75	�	�	PROPN
cjfa-28100	212	76	�	�	PROPN
cjfa-28100	212	77	)	)	PUNCT
cjfa-28100	212	78	.	.	PUNCT
cjfa-28100	213	1	the	the	DET
cjfa-28100	213	2	mean	mean	ADJ
cjfa-28100	213	3	reverting	revert	VERB
cjfa-28100	213	4	rate	rate	NOUN
cjfa-28100	213	5	�	�	PROPN
cjfa-28100	213	6	�	�	PROPN
cjfa-28100	213	7	�	�	PROPN
cjfa-28100	213	8	in	in	ADP
cjfa-28100	213	9	a	a	DET
cjfa-28100	213	10	good	good	ADJ
cjfa-28100	213	11	fitted	fit	VERB
cjfa-28100	213	12	model	model	NOUN
cjfa-28100	213	13	is	be	AUX
cjfa-28100	213	14	usually	usually	ADV
cjfa-28100	213	15	very	very	ADV
cjfa-28100	213	16	close	close	ADJ
cjfa-28100	213	17	to	to	ADP
cjfa-28100	213	18	1	1	NUM
cjfa-28100	213	19	which	which	PRON
cjfa-28100	213	20	controls	control	VERB
cjfa-28100	213	21	the	the	DET
cjfa-28100	213	22	magnitude	magnitude	NOUN
cjfa-28100	213	23	of	of	ADP
cjfa-28100	213	24	mean	mean	ADJ
cjfa-28100	213	25	reversion	reversion	NOUN
cjfa-28100	213	26	(	(	PUNCT
cjfa-28100	213	27	volatility	volatility	NOUN
cjfa-28100	213	28	persistence	persistence	NOUN
cjfa-28100	213	29	)	)	PUNCT
cjfa-28100	213	30	.	.	PUNCT
cjfa-28100	214	1	if	if	SCONJ
cjfa-28100	214	2	the	the	DET
cjfa-28100	214	3	variance	variance	NOUN
cjfa-28100	214	4	spikes	spike	VERB
cjfa-28100	214	5	up	up	ADP
cjfa-28100	214	6	during	during	ADP
cjfa-28100	214	7	crisis	crisis	NOUN
cjfa-28100	214	8	,	,	PUNCT
cjfa-28100	214	9	the	the	DET
cjfa-28100	214	10	number	number	NOUN
cjfa-28100	214	11	of	of	ADP
cjfa-28100	214	12	periods	period	NOUN
cjfa-28100	214	13	until	until	SCONJ
cjfa-28100	214	14	it	it	PRON
cjfa-28100	214	15	is	be	AUX
cjfa-28100	214	16	halfway	halfway	ADV
cjfa-28100	214	17	between	between	ADP
cjfa-28100	214	18	the	the	DET
cjfa-28100	214	19	first	first	ADJ
cjfa-28100	214	20	forecast	forecast	NOUN
cjfa-28100	214	21	and	and	CCONJ
cjfa-28100	214	22	the	the	DET
cjfa-28100	214	23	unconditional	unconditional	ADJ
cjfa-28100	214	24	variance	variance	NOUN
cjfa-28100	214	25	is	be	AUX
cjfa-28100	214	26	(	(	PUNCT
cjfa-28100	214	27	�	�	PROPN
cjfa-28100	214	28	�	�	PROPN
cjfa-28100	214	29	�	�	PROPN
cjfa-28100	214	30	)	)	PUNCT
cjfa-28100	214	31	�	�	PROPN
cjfa-28100	214	32	=	=	SYM
cjfa-28100	214	33	�	�	PROPN
cjfa-28100	214	34	�	�	PROPN
cjfa-28100	214	35	=	=	NUM
cjfa-28100	214	36	0.5	0.5	NUM
cjfa-28100	214	37	.	.	PUNCT
cjfa-28100	215	1	thus	thus	ADV
cjfa-28100	215	2	,	,	PUNCT
cjfa-28100	215	3	the	the	DET
cjfa-28100	215	4	half	half	ADJ
cjfa-28100	215	5	-	-	PUNCT
cjfa-28100	215	6	life	life	NOUN
cjfa-28100	215	7	of	of	ADP
cjfa-28100	215	8	volatility	volatility	NOUN
cjfa-28100	215	9	shock	shock	NOUN
cjfa-28100	215	10	is	be	AUX
cjfa-28100	215	11	given	give	VERB
cjfa-28100	215	12	by	by	ADP
cjfa-28100	215	13	zivot	zivot	PROPN
cjfa-28100	215	14	and	and	CCONJ
cjfa-28100	215	15	wang	wang	PROPN
cjfa-28100	215	16	(	(	PUNCT
cjfa-28100	215	17	2006	2006	NUM
cjfa-28100	215	18	)	)	PUNCT
cjfa-28100	215	19	and	and	CCONJ
cjfa-28100	215	20	reider	reider	NOUN
cjfa-28100	215	21	(	(	PUNCT
cjfa-28100	215	22	2009	2009	NUM
cjfa-28100	215	23	)	)	PUNCT
cjfa-28100	215	24	as	as	ADP
cjfa-28100	215	25	:	:	PUNCT
cjfa-28100	215	26	�	�	PROPN
cjfa-28100	215	27	(	(	PUNCT
cjfa-28100	215	28	�	�	PROPN
cjfa-28100	215	29	�	�	PROPN
cjfa-28100	215	30	�	�	PROPN
cjfa-28100	215	31	�	�	PROPN
cjfa-28100	215	32	�	�	PROPN
cjfa-28100	215	33	�	�	PROPN
cjfa-28100	215	34	�	�	PROPN
cjfa-28100	215	35	�	�	PROPN
cjfa-28100	215	36	)	)	PUNCT
cjfa-28100	215	37	=	=	SYM
cjfa-28100	215	38	ln(0.5	ln(0.5	NOUN
cjfa-28100	215	39	)	)	PUNCT
cjfa-28100	215	40	�	�	PROPN
cjfa-28100	215	41	�	�	PROPN
cjfa-28100	215	42	�	�	PROPN
cjfa-28100	215	43	(	(	PUNCT
cjfa-28100	215	44	�	�	PROPN
cjfa-28100	215	45	�	�	PROPN
cjfa-28100	215	46	�	�	PROPN
cjfa-28100	215	47	)	)	PUNCT
cjfa-28100	215	48	(	(	PUNCT
cjfa-28100	215	49	11	11	NUM
cjfa-28100	215	50	)	)	PUNCT
cjfa-28100	215	51	according	accord	VERB
cjfa-28100	215	52	to	to	ADP
cjfa-28100	215	53	the	the	DET
cjfa-28100	215	54	garch	garch	NOUN
cjfa-28100	215	55	model	model	NOUN
cjfa-28100	215	56	and	and	CCONJ
cjfa-28100	215	57	the	the	DET
cjfa-28100	215	58	mean	mean	ADJ
cjfa-28100	215	59	reverting	revert	VERB
cjfa-28100	215	60	model	model	NOUN
cjfa-28100	215	61	,	,	PUNCT
cjfa-28100	215	62	it	it	PRON
cjfa-28100	215	63	is	be	AUX
cjfa-28100	215	64	expected	expect	VERB
cjfa-28100	215	65	that	that	SCONJ
cjfa-28100	215	66	�	�	PROPN
cjfa-28100	215	67	,	,	PUNCT
cjfa-28100	215	68	�	�	PROPN
cjfa-28100	215	69	>	>	X
cjfa-28100	215	70	0	0	PUNCT
cjfa-28100	215	71	and	and	CCONJ
cjfa-28100	215	72	(	(	PUNCT
cjfa-28100	215	73	�	�	PROPN
cjfa-28100	215	74	+	+	CCONJ
cjfa-28100	215	75	�	�	PROPN
cjfa-28100	215	76	)	)	PUNCT
cjfa-28100	215	77	<	<	X
cjfa-28100	215	78	1	1	X
cjfa-28100	215	79	.	.	PUNCT
cjfa-28100	215	80	indicating	indicate	VERB
cjfa-28100	215	81	that	that	SCONJ
cjfa-28100	215	82	the	the	DET
cjfa-28100	215	83	past	past	ADJ
cjfa-28100	215	84	squared	squared	ADJ
cjfa-28100	215	85	residual	residual	ADJ
cjfa-28100	215	86	of	of	ADP
cjfa-28100	215	87	the	the	DET
cjfa-28100	215	88	mean	mean	ADJ
cjfa-28100	215	89	return	return	NOUN
cjfa-28100	215	90	and	and	CCONJ
cjfa-28100	215	91	the	the	DET
cjfa-28100	215	92	past	past	ADJ
cjfa-28100	215	93	return	return	NOUN
cjfa-28100	215	94	variance	variance	NOUN
cjfa-28100	215	95	information	information	NOUN
cjfa-28100	215	96	individually	individually	ADV
cjfa-28100	215	97	and	and	CCONJ
cjfa-28100	215	98	jointly	jointly	ADV
cjfa-28100	215	99	can	can	AUX
cjfa-28100	215	100	not	not	PART
cjfa-28100	215	101	influence	influence	VERB
cjfa-28100	215	102	the	the	DET
cjfa-28100	215	103	current	current	ADJ
cjfa-28100	215	104	return	return	NOUN
cjfa-28100	215	105	variance	variance	NOUN
cjfa-28100	215	106	while	while	SCONJ
cjfa-28100	215	107	the	the	DET
cjfa-28100	215	108	addition	addition	NOUN
cjfa-28100	215	109	(	(	PUNCT
cjfa-28100	215	110	sum	sum	NOUN
cjfa-28100	215	111	)	)	PUNCT
cjfa-28100	215	112	of	of	ADP
cjfa-28100	215	113	�	�	PROPN
cjfa-28100	215	114	+	+	CCONJ
cjfa-28100	215	115	�	�	PROPN
cjfa-28100	215	116	reflect	reflect	VERB
cjfa-28100	215	117	the	the	DET
cjfa-28100	215	118	magnitude	magnitude	NOUN
cjfa-28100	215	119	of	of	ADP
cjfa-28100	215	120	volatility	volatility	NOUN
cjfa-28100	215	121	persistence	persistence	NOUN
cjfa-28100	215	122	in	in	ADP
cjfa-28100	215	123	return	return	NOUN
cjfa-28100	215	124	series	series	NOUN
cjfa-28100	215	125	.	.	PUNCT
cjfa-28100	216	1	the	the	DET
cjfa-28100	216	2	conditional	conditional	ADJ
cjfa-28100	216	3	distributions	distribution	NOUN
cjfa-28100	216	4	for	for	ADP
cjfa-28100	216	5	the	the	DET
cjfa-28100	216	6	standardized	standardized	ADJ
cjfa-28100	216	7	residuals	residual	NOUN
cjfa-28100	216	8	of	of	ADP
cjfa-28100	216	9	returns	return	NOUN
cjfa-28100	216	10	innovations	innovation	NOUN
cjfa-28100	216	11	were	be	AUX
cjfa-28100	216	12	estimated	estimate	VERB
cjfa-28100	216	13	under	under	ADP
cjfa-28100	216	14	the	the	DET
cjfa-28100	216	15	gaussian	gaussian	ADJ
cjfa-28100	216	16	distribution	distribution	NOUN
cjfa-28100	216	17	,	,	PUNCT
cjfa-28100	216	18	student’s	student’s	NOUN
cjfa-28100	216	19	-	-	PUNCT
cjfa-28100	216	20	t	t	NOUN
cjfa-28100	216	21	distribution	distribution	NOUN
cjfa-28100	216	22	,	,	PUNCT
cjfa-28100	216	23	and	and	CCONJ
cjfa-28100	216	24	the	the	DET
cjfa-28100	216	25	generalised	generalise	VERB
cjfa-28100	216	26	error	error	NOUN
cjfa-28100	216	27	distribution	distribution	NOUN
cjfa-28100	216	28	(	(	PUNCT
cjfa-28100	216	29	ged	ge	VERB
cjfa-28100	216	30	)	)	PUNCT
cjfa-28100	216	31	for	for	ADP
cjfa-28100	216	32	the	the	DET
cjfa-28100	216	33	empirical	empirical	ADJ
cjfa-28100	216	34	analysis	analysis	NOUN
cjfa-28100	216	35	are	be	AUX
cjfa-28100	216	36	stated	state	VERB
cjfa-28100	216	37	as	as	ADP
cjfa-28100	216	38	;	;	PUNCT
cjfa-28100	216	39	the	the	DET
cjfa-28100	216	40	gaussian	gaussian	NOUN
cjfa-28100	216	41	(	(	PUNCT
cjfa-28100	216	42	normal	normal	ADJ
cjfa-28100	216	43	)	)	PUNCT
cjfa-28100	216	44	distribution	distribution	NOUN
cjfa-28100	216	45	;	;	PUNCT
cjfa-28100	216	46	�	�	PROPN
cjfa-28100	216	47	(	(	PUNCT
cjfa-28100	216	48	�	�	PROPN
cjfa-28100	216	49	)	)	PUNCT
cjfa-28100	216	50	=	=	SYM
cjfa-28100	216	51	�	�	PROPN
cjfa-28100	216	52	√	√	NUM
cjfa-28100	216	53	�	�	PROPN
cjfa-28100	216	54	�	�	PROPN
cjfa-28100	216	55	�	�	PROPN
cjfa-28100	216	56	�	�	PROPN
cjfa-28100	216	57	�	�	PROPN
cjfa-28100	216	58	�	�	PROPN
cjfa-28100	216	59	(	(	PUNCT
cjfa-28100	216	60	�	�	PROPN
cjfa-28100	216	61	�	�	PROPN
cjfa-28100	216	62	�	�	PROPN
cjfa-28100	216	63	)	)	PUNCT
cjfa-28100	216	64	�	�	PROPN
cjfa-28100	216	65	�	�	PROPN
cjfa-28100	216	66	�	�	PROPN
cjfa-28100	216	67	�	�	PROPN
cjfa-28100	216	68	(	(	PUNCT
cjfa-28100	216	69	12	12	NUM
cjfa-28100	216	70	)	)	PUNCT
cjfa-28100	216	71	where	where	SCONJ
cjfa-28100	216	72	�	�	PROPN
cjfa-28100	216	73	is	be	AUX
cjfa-28100	216	74	the	the	DET
cjfa-28100	216	75	mean	mean	ADJ
cjfa-28100	216	76	value	value	NOUN
cjfa-28100	216	77	and	and	CCONJ
cjfa-28100	216	78	�	�	PROPN
cjfa-28100	216	79	�	�	PROPN
cjfa-28100	216	80	is	be	AUX
cjfa-28100	216	81	the	the	DET
cjfa-28100	216	82	variance	variance	NOUN
cjfa-28100	216	83	of	of	ADP
cjfa-28100	216	84	the	the	DET
cjfa-28100	216	85	error	error	NOUN
cjfa-28100	216	86	from	from	ADP
cjfa-28100	216	87	the	the	DET
cjfa-28100	216	88	return	return	NOUN
cjfa-28100	216	89	equation	equation	NOUN
cjfa-28100	216	90	.	.	PUNCT
cjfa-28100	217	1	it	it	PRON
cjfa-28100	217	2	considers	consider	VERB
cjfa-28100	217	3	the	the	DET
cjfa-28100	217	4	mean	mean	ADJ
cjfa-28100	217	5	value	value	NOUN
cjfa-28100	217	6	(	(	PUNCT
cjfa-28100	217	7	�	�	PROPN
cjfa-28100	217	8	)	)	PUNCT
cjfa-28100	217	9	=	=	SYM
cjfa-28100	217	10	0	0	NUM
cjfa-28100	217	11	and	and	CCONJ
cjfa-28100	217	12	variance	variance	NOUN
cjfa-28100	217	13	(	(	PUNCT
cjfa-28100	217	14	�	�	NOUN
cjfa-28100	217	15	�	�	PROPN
cjfa-28100	217	16	)	)	PUNCT
cjfa-28100	217	17	=	=	SYM
cjfa-28100	218	1	1	1	X
cjfa-28100	218	2	.	.	PUNCT
cjfa-28100	219	1	the	the	DET
cjfa-28100	219	2	student’s	student’s	NOUN
cjfa-28100	219	3	-	-	PUNCT
cjfa-28100	219	4	t	t	NOUN
cjfa-28100	219	5	distribution	distribution	NOUN
cjfa-28100	219	6	;	;	PUNCT
cjfa-28100	219	7	�	�	PROPN
cjfa-28100	219	8	(	(	PUNCT
cjfa-28100	219	9	�	�	PROPN
cjfa-28100	219	10	)	)	PUNCT
cjfa-28100	219	11	=	=	SYM
cjfa-28100	219	12	�	�	PROPN
cjfa-28100	219	13	�	�	PROPN
cjfa-28100	219	14	�	�	PROPN
cjfa-28100	219	15	�	�	PROPN
cjfa-28100	219	16	�	�	PROPN
cjfa-28100	219	17	�	�	PROPN
cjfa-28100	219	18	]	]	PUNCT
cjfa-28100	219	19	�	�	PROPN
cjfa-28100	219	20	�	�	PROPN
cjfa-28100	219	21	�	�	PROPN
cjfa-28100	219	22	�	�	PROPN
cjfa-28100	219	23	�	�	PROPN
cjfa-28100	219	24	�	�	PROPN
cjfa-28100	219	25	]	]	PUNCT
cjfa-28100	219	26	(	(	PUNCT
cjfa-28100	219	27	�	�	PROPN
cjfa-28100	219	28	�	�	PROPN
cjfa-28100	219	29	�	�	PROPN
cjfa-28100	219	30	�	�	PROPN
cjfa-28100	219	31	�	�	PROPN
cjfa-28100	219	32	)	)	PUNCT
cjfa-28100	219	33	�	�	PROPN
cjfa-28100	219	34	�	�	PROPN
cjfa-28100	219	35	�	�	PROPN
cjfa-28100	219	36	�	�	PROPN
cjfa-28100	219	37	(	(	PUNCT
cjfa-28100	219	38	13	13	NUM
cjfa-28100	219	39	)	)	PUNCT
cjfa-28100	219	40	(	(	PUNCT
cjfa-28100	219	41	13	13	NUM
cjfa-28100	219	42	)	)	PUNCT
cjfa-28100	219	43	v	v	NOUN
cjfa-28100	219	44	is	be	AUX
cjfa-28100	219	45	the	the	DET
cjfa-28100	219	46	degree	degree	NOUN
cjfa-28100	219	47	of	of	ADP
cjfa-28100	219	48	freedom	freedom	NOUN
cjfa-28100	219	49	(	(	PUNCT
cjfa-28100	219	50	v	v	NOUN
cjfa-28100	219	51	>	>	X
cjfa-28100	219	52	2	2	NUM
cjfa-28100	219	53	)	)	PUNCT
cjfa-28100	219	54	,	,	PUNCT
cjfa-28100	219	55	if	if	SCONJ
cjfa-28100	219	56	v	v	NOUN
cjfa-28100	219	57	tend	tend	VERB
cjfa-28100	219	58	to	to	ADP
cjfa-28100	219	59	∞	∞	PROPN
cjfa-28100	219	60	,	,	PUNCT
cjfa-28100	219	61	the	the	DET
cjfa-28100	219	62	student	student	NOUN
cjfa-28100	219	63	-	-	PUNCT
cjfa-28100	219	64	t	t	NOUN
cjfa-28100	219	65	distribution	distribution	NOUN
cjfa-28100	219	66	converges	converge	NOUN
cjfa-28100	219	67	to	to	ADP
cjfa-28100	219	68	the	the	DET
cjfa-28100	219	69	gaussian	gaussian	ADJ
cjfa-28100	219	70	distribution	distribution	NOUN
cjfa-28100	219	71	with	with	ADP
cjfa-28100	219	72	kurtosis	kurtosis	NOUN
cjfa-28100	219	73	of	of	ADP
cjfa-28100	219	74	�	�	PROPN
cjfa-28100	219	75	is	be	AUX
cjfa-28100	219	76	the	the	DET
cjfa-28100	219	77	degree	degree	NOUN
cjfa-28100	219	78	of	of	ADP
cjfa-28100	219	79	freedom	freedom	NOUN
cjfa-28100	219	80	(	(	PUNCT
cjfa-28100	219	81	�	�	PROPN
cjfa-28100	219	82	�	�	PROPN
cjfa-28100	219	83	�	�	PROPN
cjfa-28100	219	84	)	)	PUNCT
cjfa-28100	219	85	,	,	PUNCT
cjfa-28100	219	86	if	if	SCONJ
cjfa-28100	219	87	�	�	PROPN
cjfa-28100	219	88	tend	tend	VERB
cjfa-28100	219	89	to	to	ADP
cjfa-28100	219	90	∞	∞	PROPN
cjfa-28100	219	91	,	,	PUNCT
cjfa-28100	219	92	the	the	DET
cjfa-28100	219	93	student	student	NOUN
cjfa-28100	219	94	-	-	PUNCT
cjfa-28100	219	95	t	t	NOUN
cjfa-28100	219	96	distribution	distribution	NOUN
cjfa-28100	219	97	converges	converge	NOUN
cjfa-28100	219	98	to	to	ADP
cjfa-28100	219	99	the	the	DET
cjfa-28100	219	100	gaussian	gaussian	ADJ
cjfa-28100	219	101	distribution	distribution	NOUN
cjfa-28100	219	102	with	with	ADP
cjfa-28100	219	103	kurtosis	kurtosis	NOUN
cjfa-28100	219	104	of	of	ADP
cjfa-28100	219	105	�	�	PROPN
cjfa-28100	219	106	=	=	SYM
cjfa-28100	219	107	�	�	PROPN
cjfa-28100	219	108	�	�	PROPN
cjfa-28100	219	109	�	�	PROPN
cjfa-28100	219	110	�	�	PROPN
cjfa-28100	219	111	�	�	PROPN
cjfa-28100	219	112	�	�	PROPN
cjfa-28100	219	113	�	�	PROPN
cjfa-28100	219	114	�	�	PROPN
cjfa-28100	219	115	for	for	ADP
cjfa-28100	219	116	all	all	DET
cjfa-28100	219	117	�	�	PROPN
cjfa-28100	219	118	�	�	PROPN
cjfa-28100	219	119	�	�	PROPN
cjfa-28100	219	120	.	.	PUNCT
cjfa-28100	220	1	the	the	DET
cjfa-28100	220	2	generalised	generalise	VERB
cjfa-28100	220	3	error	error	NOUN
cjfa-28100	220	4	distribution	distribution	NOUN
cjfa-28100	220	5	(	(	PUNCT
cjfa-28100	220	6	ged	ged	ADJ
cjfa-28100	220	7	)	)	PUNCT
cjfa-28100	220	8	distribution	distribution	NOUN
cjfa-28100	220	9	;	;	PUNCT
cjfa-28100	220	10	�	�	PROPN
cjfa-28100	220	11	(	(	PUNCT
cjfa-28100	220	12	�	�	PROPN
cjfa-28100	220	13	)	)	PUNCT
cjfa-28100	220	14	=	=	SYM
cjfa-28100	220	15	�	�	PROPN
cjfa-28100	220	16	�	�	PROPN
cjfa-28100	220	17	�	�	PROPN
cjfa-28100	220	18	�	�	PROPN
cjfa-28100	220	19	|	|	PROPN
cjfa-28100	220	20	�	�	PROPN
cjfa-28100	220	21	�	�	PROPN
cjfa-28100	220	22	|	|	PROPN
cjfa-28100	220	23	�	�	PROPN
cjfa-28100	220	24	�	�	PROPN
cjfa-28100	220	25	�	�	PROPN
cjfa-28100	220	26	�	�	PROPN
cjfa-28100	220	27	�	�	PROPN
cjfa-28100	220	28	�	�	PROPN
cjfa-28100	220	29	�	�	PROPN
cjfa-28100	220	30	�	�	PROPN
cjfa-28100	220	31	�	�	PROPN
cjfa-28100	220	32	�	�	PROPN
cjfa-28100	220	33	(	(	PUNCT
cjfa-28100	220	34	14	14	NUM
cjfa-28100	220	35	)	)	PUNCT
cjfa-28100	220	36	�	�	PROPN
cjfa-28100	220	37	=	=	SYM
cjfa-28100	220	38	�	�	PROPN
cjfa-28100	220	39	�	�	PROPN
cjfa-28100	220	40	�	�	PROPN
cjfa-28100	220	41	�	�	PROPN
cjfa-28100	220	42	�	�	PROPN
cjfa-28100	220	43	�	�	PROPN
cjfa-28100	220	44	�	�	PROPN
cjfa-28100	220	45	�	�	PROPN
cjfa-28100	220	46	�	�	PROPN
cjfa-28100	220	47	�	�	PROPN
cjfa-28100	220	48	�	�	PROPN
cjfa-28100	220	49	�	�	PROPN
cjfa-28100	220	50	�	�	PROPN
cjfa-28100	220	51	�	�	PROPN
cjfa-28100	220	52	]	]	SYM
cjfa-28100	220	53	�	�	PROPN
cjfa-28100	220	54	�	�	PROPN
cjfa-28100	220	55	�	�	PROPN
cjfa-28100	220	56	including	include	VERB
cjfa-28100	220	57	the	the	DET
cjfa-28100	220	58	normal	normal	ADJ
cjfa-28100	220	59	distribution	distribution	NOUN
cjfa-28100	220	60	if	if	SCONJ
cjfa-28100	220	61	the	the	DET
cjfa-28100	220	62	parameter	parameter	NOUN
cjfa-28100	220	63	�	�	PROPN
cjfa-28100	220	64	has	have	VERB
cjfa-28100	220	65	a	a	DET
cjfa-28100	220	66	value	value	NOUN
cjfa-28100	220	67	of	of	ADP
cjfa-28100	220	68	two	two	NUM
cjfa-28100	220	69	and	and	CCONJ
cjfa-28100	220	70	when	when	SCONJ
cjfa-28100	220	71	�	�	PROPN
cjfa-28100	220	72	�	�	PROPN
cjfa-28100	220	73	�	�	PROPN
cjfa-28100	220	74	indicates	indicate	VERB
cjfa-28100	220	75	fat	fat	ADJ
cjfa-28100	220	76	tail	tail	NOUN
cjfa-28100	220	77	distribution	distribution	NOUN
cjfa-28100	220	78	.	.	PUNCT
cjfa-28100	221	1	data	datum	NOUN
cjfa-28100	221	2	analysis	analysis	NOUN
cjfa-28100	221	3	and	and	CCONJ
cjfa-28100	221	4	discussion	discussion	NOUN
cjfa-28100	221	5	table	table	NOUN
cjfa-28100	221	6	1	1	NUM
cjfa-28100	221	7	.	.	PUNCT
cjfa-28100	222	1	adf	adf	NOUN
cjfa-28100	222	2	and	and	CCONJ
cjfa-28100	222	3	pp	pp	PROPN
cjfa-28100	222	4	unit	unit	NOUN
cjfa-28100	222	5	root	root	PROPN
cjfa-28100	222	6	test	test	NOUN
cjfa-28100	222	7	result	result	NOUN
cjfa-28100	222	8	of	of	ADP
cjfa-28100	222	9	all	all	DET
cjfa-28100	222	10	share	share	NOUN
cjfa-28100	222	11	index	index	NOUN
cjfa-28100	222	12	return	return	NOUN
cjfa-28100	222	13	before	before	ADP
cjfa-28100	222	14	the	the	DET
cjfa-28100	222	15	meltdown	meltdown	NOUN
cjfa-28100	222	16	asir	asir	PROPN
cjfa-28100	222	17	before	before	ADP
cjfa-28100	222	18	meltdown	meltdown	PROPN
cjfa-28100	222	19	t	t	PROPN
cjfa-28100	222	20	-	-	PUNCT
cjfa-28100	222	21	statistics	statistic	NOUN
cjfa-28100	222	22	p	p	ADJ
cjfa-28100	222	23	-	-	PUNCT
cjfa-28100	222	24	value	value	NOUN
cjfa-28100	222	25	asir	asir	NOUN
cjfa-28100	222	26	before	before	ADP
cjfa-28100	222	27	meltdown	meltdown	PROPN
cjfa-28100	222	28	adjusted	adjust	VERB
cjfa-28100	222	29	t	t	PROPN
cjfa-28100	222	30	-	-	PUNCT
cjfa-28100	222	31	statistics	statistic	NOUN
cjfa-28100	222	32	p	p	ADJ
cjfa-28100	222	33	-	-	PUNCT
cjfa-28100	222	34	value	value	NOUN
cjfa-28100	222	35	adf	adf	PROPN
cjfa-28100	222	36	test	test	NOUN
cjfa-28100	222	37	statistics	statistic	NOUN
cjfa-28100	222	38	-19.35467	-19.35467	PUNCT
cjfa-28100	222	39	0.0000	0.0000	NUM
cjfa-28100	222	40	pp	pp	NOUN
cjfa-28100	222	41	test	test	NOUN
cjfa-28100	222	42	statistics	statistic	NOUN
cjfa-28100	222	43	-19.39624	-19.39624	VERB
cjfa-28100	222	44	0.0000	0.0000	NUM
cjfa-28100	222	45	critical	critical	ADJ
cjfa-28100	222	46	values	value	NOUN
cjfa-28100	222	47	:	:	PUNCT
cjfa-28100	222	48	1	1	NUM
cjfa-28100	222	49	%	%	NOUN
cjfa-28100	222	50	-3.447580	-3.447580	NOUN
cjfa-28100	222	51	critical	critical	ADJ
cjfa-28100	222	52	values	value	NOUN
cjfa-28100	222	53	:	:	PUNCT
cjfa-28100	222	54	1	1	NUM
cjfa-28100	222	55	%	%	NOUN
cjfa-28100	222	56	-3.447580	-3.447580	NOUN
cjfa-28100	222	57	5	5	NUM
cjfa-28100	222	58	%	%	NOUN
cjfa-28100	222	59	-2.869029	-2.869029	NOUN
cjfa-28100	222	60	5	5	NUM
cjfa-28100	222	61	%	%	NOUN
cjfa-28100	222	62	-2.869029	-2.869029	NOUN
cjfa-28100	222	63	10	10	NUM
cjfa-28100	222	64	%	%	NOUN
cjfa-28100	222	65	-2.570827	-2.570827	NOUN
cjfa-28100	222	66	10	10	NUM
cjfa-28100	222	67	%	%	NOUN
cjfa-28100	222	68	-2.570827	-2.570827	NOUN
cjfa-28100	222	69	source	source	NOUN
cjfa-28100	222	70	:	:	PUNCT
cjfa-28100	222	71	author	author	NOUN
cjfa-28100	222	72	’s	’s	PART
cjfa-28100	222	73	computations	computation	NOUN
cjfa-28100	222	74	,	,	PUNCT
cjfa-28100	222	75	2018	2018	NUM
cjfa-28100	222	76	.	.	PUNCT
cjfa-28100	223	1	the	the	DET
cjfa-28100	223	2	unit	unit	NOUN
cjfa-28100	223	3	root	root	PROPN
cjfa-28100	223	4	test	test	NOUN
cjfa-28100	223	5	result	result	NOUN
cjfa-28100	223	6	of	of	ADP
cjfa-28100	223	7	the	the	DET
cjfa-28100	223	8	all	all	DET
cjfa-28100	223	9	share	share	NOUN
cjfa-28100	223	10	index	index	NOUN
cjfa-28100	223	11	returns	return	NOUN
cjfa-28100	223	12	series	series	NOUN
cjfa-28100	223	13	for	for	ADP
cjfa-28100	223	14	the	the	DET
cjfa-28100	223	15	pre	pre	ADJ
cjfa-28100	223	16	-	-	ADJ
cjfa-28100	223	17	meltdown	meltdown	ADJ
cjfa-28100	223	18	period	period	NOUN
cjfa-28100	223	19	of	of	ADP
cjfa-28100	223	20	jan	jan	PROPN
cjfa-28100	223	21	.	.	PROPN
cjfa-28100	223	22	2001	2001	NUM
cjfa-28100	223	23	till	till	SCONJ
cjfa-28100	223	24	march	march	PROPN
cjfa-28100	223	25	2008	2008	NUM
cjfa-28100	223	26	as	as	SCONJ
cjfa-28100	223	27	shown	show	VERB
cjfa-28100	223	28	in	in	ADP
cjfa-28100	223	29	table	table	NOUN
cjfa-28100	223	30	1	1	NUM
cjfa-28100	223	31	revealed	reveal	VERB
cjfa-28100	223	32	the	the	DET
cjfa-28100	223	33	p	p	NOUN
cjfa-28100	223	34	-	-	PUNCT
cjfa-28100	223	35	values	value	NOUN
cjfa-28100	223	36	for	for	ADP
cjfa-28100	223	37	the	the	DET
cjfa-28100	223	38	adf	adf	PROPN
cjfa-28100	223	39	and	and	CCONJ
cjfa-28100	223	40	phillip	phillip	PROPN
cjfa-28100	223	41	-	-	PUNCT
cjfa-28100	223	42	perron	perron	PROPN
cjfa-28100	223	43	test	test	NOUN
cjfa-28100	223	44	statistics	statistic	NOUN
cjfa-28100	223	45	is	be	AUX
cjfa-28100	223	46	0.0000	0.0000	NUM
cjfa-28100	223	47	.	.	PUNCT
cjfa-28100	224	1	this	this	PRON
cjfa-28100	224	2	implies	imply	VERB
cjfa-28100	224	3	that	that	SCONJ
cjfa-28100	224	4	the	the	DET
cjfa-28100	224	5	null	null	ADJ
cjfa-28100	224	6	hypothesis	hypothesis	NOUN
cjfa-28100	224	7	should	should	AUX
cjfa-28100	224	8	be	be	AUX
cjfa-28100	224	9	rejected	reject	VERB
cjfa-28100	224	10	indicating	indicate	VERB
cjfa-28100	224	11	that	that	SCONJ
cjfa-28100	224	12	the	the	DET
cjfa-28100	224	13	return	return	NOUN
cjfa-28100	224	14	series	series	NOUN
cjfa-28100	224	15	before	before	SCONJ
cjfa-28100	224	16	the	the	DET
cjfa-28100	224	17	meltdown	meltdown	NOUN
cjfa-28100	224	18	is	be	AUX
cjfa-28100	224	19	stationery	stationery	NOUN
cjfa-28100	224	20	(	(	PUNCT
cjfa-28100	224	21	has	have	AUX
cjfa-28100	224	22	no	no	DET
cjfa-28100	224	23	unit	unit	NOUN
cjfa-28100	224	24	root	root	NOUN
cjfa-28100	224	25	)	)	PUNCT
cjfa-28100	224	26	.	.	PUNCT
cjfa-28100	225	1	table	table	NOUN
cjfa-28100	225	2	2	2	NUM
cjfa-28100	225	3	.	.	PUNCT
cjfa-28100	226	1	adf	adf	NOUN
cjfa-28100	226	2	and	and	CCONJ
cjfa-28100	226	3	pp	pp	PROPN
cjfa-28100	226	4	unit	unit	NOUN
cjfa-28100	226	5	root	root	PROPN
cjfa-28100	226	6	test	test	NOUN
cjfa-28100	226	7	result	result	NOUN
cjfa-28100	226	8	of	of	ADP
cjfa-28100	226	9	all	all	DET
cjfa-28100	226	10	share	share	NOUN
cjfa-28100	226	11	index	index	NOUN
cjfa-28100	226	12	return	return	NOUN
cjfa-28100	226	13	after	after	ADP
cjfa-28100	226	14	the	the	DET
cjfa-28100	226	15	meltdown	meltdown	NOUN
cjfa-28100	226	16	asir	asir	PROPN
cjfa-28100	226	17	after	after	ADP
cjfa-28100	226	18	meltdown	meltdown	PROPN
cjfa-28100	226	19	t	t	PROPN
cjfa-28100	226	20	-	-	PUNCT
cjfa-28100	226	21	statistics	statistic	NOUN
cjfa-28100	226	22	p	p	ADJ
cjfa-28100	226	23	-	-	PUNCT
cjfa-28100	226	24	value	value	NOUN
cjfa-28100	226	25	asir	asir	NOUN
cjfa-28100	226	26	after	after	SCONJ
cjfa-28100	226	27	meltdown	meltdown	PROPN
cjfa-28100	226	28	adjusted	adjust	VERB
cjfa-28100	226	29	t	t	PROPN
cjfa-28100	226	30	-	-	PUNCT
cjfa-28100	226	31	statistics	statistic	NOUN
cjfa-28100	226	32	p	p	ADJ
cjfa-28100	226	33	-	-	PUNCT
cjfa-28100	226	34	value	value	NOUN
cjfa-28100	226	35	adf	adf	PROPN
cjfa-28100	226	36	test	test	NOUN
cjfa-28100	226	37	statistics	statistic	NOUN
cjfa-28100	226	38	-18.59976	-18.59976	PUNCT
cjfa-28100	226	39	0.0000	0.0000	NUM
cjfa-28100	226	40	pp	pp	NOUN
cjfa-28100	226	41	test	test	NOUN
cjfa-28100	226	42	statistics	statistic	NOUN
cjfa-28100	226	43	-18.63701	-18.63701	PUNCT
cjfa-28100	226	44	0.0000	0.0000	NUM
cjfa-28100	226	45	critical	critical	ADJ
cjfa-28100	226	46	values	value	NOUN
cjfa-28100	226	47	:	:	PUNCT
cjfa-28100	226	48	1	1	NUM
cjfa-28100	226	49	%	%	NOUN
cjfa-28100	226	50	-3.446443	-3.446443	NOUN
cjfa-28100	226	51	critical	critical	ADJ
cjfa-28100	226	52	values	value	NOUN
cjfa-28100	226	53	:	:	PUNCT
cjfa-28100	226	54	1	1	NUM
cjfa-28100	226	55	%	%	NOUN
cjfa-28100	226	56	-3.446443	-3.446443	NOUN
cjfa-28100	226	57	5	5	NUM
cjfa-28100	226	58	%	%	NOUN
cjfa-28100	226	59	-2.868529	-2.868529	NOUN
cjfa-28100	226	60	5	5	NUM
cjfa-28100	226	61	%	%	NOUN
cjfa-28100	226	62	-2.868529	-2.868529	NOUN
cjfa-28100	226	63	10	10	NUM
cjfa-28100	226	64	%	%	NOUN
cjfa-28100	226	65	-2.570558	-2.570558	NOUN
cjfa-28100	226	66	10	10	NUM
cjfa-28100	226	67	%	%	NOUN
cjfa-28100	226	68	-2.570558	-2.570558	NOUN
cjfa-28100	226	69	source	source	NOUN
cjfa-28100	226	70	:	:	PUNCT
cjfa-28100	226	71	author	author	PROPN
cjfa-28100	226	72	’s	’s	PART
cjfa-28100	226	73	computations	computation	NOUN
cjfa-28100	226	74	,	,	PUNCT
cjfa-28100	226	75	2018	2018	NUM
cjfa-28100	226	76	.	.	PUNCT
cjfa-28100	227	1	the	the	DET
cjfa-28100	227	2	unit	unit	NOUN
cjfa-28100	227	3	root	root	PROPN
cjfa-28100	227	4	test	test	NOUN
cjfa-28100	227	5	result	result	NOUN
cjfa-28100	227	6	of	of	ADP
cjfa-28100	227	7	the	the	DET
cjfa-28100	227	8	all	all	DET
cjfa-28100	227	9	share	share	NOUN
cjfa-28100	227	10	index	index	NOUN
cjfa-28100	227	11	return	return	NOUN
cjfa-28100	227	12	series	series	NOUN
cjfa-28100	227	13	after	after	ADP
cjfa-28100	227	14	the	the	DET
cjfa-28100	227	15	meltdown	meltdown	NOUN
cjfa-28100	227	16	for	for	ADP
cjfa-28100	227	17	the	the	DET
cjfa-28100	227	18	periods	period	NOUN
cjfa-28100	227	19	of	of	ADP
cjfa-28100	227	20	april	april	PROPN
cjfa-28100	227	21	2009	2009	NUM
cjfa-28100	227	22	till	till	SCONJ
cjfa-28100	227	23	dec	dec	PROPN
cjfa-28100	227	24	.	.	PROPN
cjfa-28100	227	25	2016	2016	NUM
cjfa-28100	227	26	is	be	AUX
cjfa-28100	227	27	presented	present	VERB
cjfa-28100	227	28	in	in	ADP
cjfa-28100	227	29	table	table	NOUN
cjfa-28100	227	30	2	2	NUM
cjfa-28100	227	31	.	.	PUNCT
cjfa-28100	228	1	the	the	DET
cjfa-28100	228	2	p	p	NOUN
cjfa-28100	228	3	-	-	PUNCT
cjfa-28100	228	4	values	value	NOUN
cjfa-28100	228	5	of	of	ADP
cjfa-28100	228	6	0.0000	0.0000	NUM
cjfa-28100	228	7	under	under	ADP
cjfa-28100	228	8	the	the	DET
cjfa-28100	228	9	adf	adf	NOUN
cjfa-28100	228	10	and	and	CCONJ
cjfa-28100	228	11	phillip	phillip	PROPN
cjfa-28100	228	12	-	-	PUNCT
cjfa-28100	228	13	perron	perron	PROPN
cjfa-28100	228	14	test	test	NOUN
cjfa-28100	228	15	statistics	statistic	NOUN
cjfa-28100	228	16	indicates	indicate	VERB
cjfa-28100	228	17	that	that	SCONJ
cjfa-28100	228	18	the	the	DET
cjfa-28100	228	19	null	null	ADJ
cjfa-28100	228	20	hypothesis	hypothesis	NOUN
cjfa-28100	228	21	should	should	AUX
cjfa-28100	228	22	be	be	AUX
cjfa-28100	228	23	re	re	VERB
cjfa-28100	228	24	+	+	X
cjfa-28100	228	25	3	3	NUM
cjfa-28100	228	26	for	for	ADP
cjfa-28100	228	27	all	all	PRON
cjfa-28100	228	28	v	v	NOUN
cjfa-28100	228	29	>	>	X
cjfa-28100	228	30	4	4	NUM
cjfa-28100	228	31	.	.	PUNCT
cjfa-28100	229	1	the	the	DET
cjfa-28100	229	2	generalised	generalise	VERB
cjfa-28100	229	3	error	error	NOUN
cjfa-28100	229	4	distribution	distribution	NOUN
cjfa-28100	229	5	(	(	PUNCT
cjfa-28100	229	6	ged	ged	ADJ
cjfa-28100	229	7	)	)	PUNCT
cjfa-28100	229	8	distribution	distribution	NOUN
cjfa-28100	229	9	;	;	PUNCT
cjfa-28100	229	10	�	�	PROPN
cjfa-28100	229	11	is	be	AUX
cjfa-28100	229	12	the	the	DET
cjfa-28100	229	13	degree	degree	NOUN
cjfa-28100	229	14	of	of	ADP
cjfa-28100	229	15	freedom	freedom	NOUN
cjfa-28100	229	16	(	(	PUNCT
cjfa-28100	229	17	�	�	PROPN
cjfa-28100	229	18	�	�	PROPN
cjfa-28100	229	19	�	�	PROPN
cjfa-28100	229	20	)	)	PUNCT
cjfa-28100	229	21	,	,	PUNCT
cjfa-28100	229	22	if	if	SCONJ
cjfa-28100	229	23	�	�	PROPN
cjfa-28100	229	24	tend	tend	VERB
cjfa-28100	229	25	to	to	ADP
cjfa-28100	229	26	∞	∞	PROPN
cjfa-28100	229	27	,	,	PUNCT
cjfa-28100	229	28	the	the	DET
cjfa-28100	229	29	student	student	NOUN
cjfa-28100	229	30	-	-	PUNCT
cjfa-28100	229	31	t	t	NOUN
cjfa-28100	229	32	distribution	distribution	NOUN
cjfa-28100	229	33	converges	converge	NOUN
cjfa-28100	229	34	to	to	ADP
cjfa-28100	229	35	the	the	DET
cjfa-28100	229	36	gaussian	gaussian	ADJ
cjfa-28100	229	37	distribution	distribution	NOUN
cjfa-28100	229	38	with	with	ADP
cjfa-28100	229	39	kurtosis	kurtosis	NOUN
cjfa-28100	229	40	of	of	ADP
cjfa-28100	229	41	�	�	PROPN
cjfa-28100	229	42	=	=	SYM
cjfa-28100	229	43	�	�	PROPN
cjfa-28100	229	44	�	�	PROPN
cjfa-28100	229	45	�	�	PROPN
cjfa-28100	229	46	�	�	PROPN
cjfa-28100	229	47	�	�	PROPN
cjfa-28100	229	48	�	�	PROPN
cjfa-28100	229	49	�	�	PROPN
cjfa-28100	229	50	�	�	PROPN
cjfa-28100	229	51	for	for	ADP
cjfa-28100	229	52	all	all	DET
cjfa-28100	229	53	�	�	PROPN
cjfa-28100	229	54	�	�	PROPN
cjfa-28100	229	55	�	�	PROPN
cjfa-28100	229	56	.	.	PUNCT
cjfa-28100	230	1	the	the	DET
cjfa-28100	230	2	generalised	generalise	VERB
cjfa-28100	230	3	error	error	NOUN
cjfa-28100	230	4	distribution	distribution	NOUN
cjfa-28100	230	5	(	(	PUNCT
cjfa-28100	230	6	ged	ged	ADJ
cjfa-28100	230	7	)	)	PUNCT
cjfa-28100	230	8	distribution	distribution	NOUN
cjfa-28100	230	9	;	;	PUNCT
cjfa-28100	230	10	�	�	PROPN
cjfa-28100	230	11	(	(	PUNCT
cjfa-28100	230	12	�	�	PROPN
cjfa-28100	230	13	)	)	PUNCT
cjfa-28100	230	14	=	=	SYM
cjfa-28100	230	15	�	�	PROPN
cjfa-28100	230	16	�	�	PROPN
cjfa-28100	230	17	�	�	PROPN
cjfa-28100	230	18	�	�	PROPN
cjfa-28100	230	19	|	|	PROPN
cjfa-28100	230	20	�	�	PROPN
cjfa-28100	230	21	�	�	PROPN
cjfa-28100	230	22	|	|	PROPN
cjfa-28100	230	23	�	�	PROPN
cjfa-28100	230	24	�	�	PROPN
cjfa-28100	230	25	�	�	PROPN
cjfa-28100	230	26	�	�	PROPN
cjfa-28100	230	27	�	�	PROPN
cjfa-28100	230	28	�	�	PROPN
cjfa-28100	230	29	�	�	PROPN
cjfa-28100	230	30	�	�	PROPN
cjfa-28100	230	31	�	�	PROPN
cjfa-28100	230	32	�	�	PROPN
cjfa-28100	230	33	(	(	PUNCT
cjfa-28100	230	34	14	14	NUM
cjfa-28100	230	35	)	)	PUNCT
cjfa-28100	230	36	�	�	PROPN
cjfa-28100	230	37	=	=	SYM
cjfa-28100	230	38	�	�	PROPN
cjfa-28100	230	39	�	�	PROPN
cjfa-28100	230	40	�	�	PROPN
cjfa-28100	230	41	�	�	PROPN
cjfa-28100	230	42	�	�	PROPN
cjfa-28100	230	43	�	�	PROPN
cjfa-28100	230	44	�	�	PROPN
cjfa-28100	230	45	�	�	PROPN
cjfa-28100	230	46	�	�	PROPN
cjfa-28100	230	47	�	�	PROPN
cjfa-28100	230	48	�	�	PROPN
cjfa-28100	230	49	�	�	PROPN
cjfa-28100	230	50	�	�	PROPN
cjfa-28100	230	51	�	�	PROPN
cjfa-28100	230	52	]	]	SYM
cjfa-28100	230	53	�	�	PROPN
cjfa-28100	230	54	�	�	PROPN
cjfa-28100	230	55	�	�	PROPN
cjfa-28100	230	56	including	include	VERB
cjfa-28100	230	57	the	the	DET
cjfa-28100	230	58	normal	normal	ADJ
cjfa-28100	230	59	distribution	distribution	NOUN
cjfa-28100	230	60	if	if	SCONJ
cjfa-28100	230	61	the	the	DET
cjfa-28100	230	62	parameter	parameter	NOUN
cjfa-28100	230	63	�	�	PROPN
cjfa-28100	230	64	has	have	VERB
cjfa-28100	230	65	a	a	DET
cjfa-28100	230	66	value	value	NOUN
cjfa-28100	230	67	of	of	ADP
cjfa-28100	230	68	two	two	NUM
cjfa-28100	230	69	and	and	CCONJ
cjfa-28100	230	70	when	when	SCONJ
cjfa-28100	230	71	�	�	PROPN
cjfa-28100	230	72	�	�	PROPN
cjfa-28100	230	73	�	�	PROPN
cjfa-28100	230	74	indicates	indicate	VERB
cjfa-28100	230	75	fat	fat	ADJ
cjfa-28100	230	76	tail	tail	NOUN
cjfa-28100	230	77	distribution	distribution	NOUN
cjfa-28100	230	78	.	.	PUNCT
cjfa-28100	231	1	data	datum	NOUN
cjfa-28100	231	2	analysis	analysis	NOUN
cjfa-28100	231	3	and	and	CCONJ
cjfa-28100	231	4	discussion	discussion	NOUN
cjfa-28100	231	5	table	table	NOUN
cjfa-28100	231	6	1	1	NUM
cjfa-28100	231	7	.	.	PUNCT
cjfa-28100	232	1	adf	adf	NOUN
cjfa-28100	232	2	and	and	CCONJ
cjfa-28100	232	3	pp	pp	PROPN
cjfa-28100	232	4	unit	unit	NOUN
cjfa-28100	232	5	root	root	PROPN
cjfa-28100	232	6	test	test	NOUN
cjfa-28100	232	7	result	result	NOUN
cjfa-28100	232	8	of	of	ADP
cjfa-28100	232	9	all	all	DET
cjfa-28100	232	10	share	share	NOUN
cjfa-28100	232	11	index	index	NOUN
cjfa-28100	232	12	return	return	NOUN
cjfa-28100	232	13	before	before	ADP
cjfa-28100	232	14	the	the	DET
cjfa-28100	232	15	meltdown	meltdown	NOUN
cjfa-28100	232	16	asir	asir	PROPN
cjfa-28100	232	17	before	before	ADP
cjfa-28100	232	18	meltdown	meltdown	PROPN
cjfa-28100	232	19	t	t	PROPN
cjfa-28100	232	20	-	-	PUNCT
cjfa-28100	232	21	statistics	statistic	NOUN
cjfa-28100	232	22	p	p	ADJ
cjfa-28100	232	23	-	-	PUNCT
cjfa-28100	232	24	value	value	NOUN
cjfa-28100	232	25	asir	asir	NOUN
cjfa-28100	232	26	before	before	ADP
cjfa-28100	232	27	meltdown	meltdown	PROPN
cjfa-28100	232	28	adjusted	adjust	VERB
cjfa-28100	232	29	t	t	PROPN
cjfa-28100	232	30	-	-	PUNCT
cjfa-28100	232	31	statistics	statistic	NOUN
cjfa-28100	232	32	p	p	ADJ
cjfa-28100	232	33	-	-	PUNCT
cjfa-28100	232	34	value	value	NOUN
cjfa-28100	232	35	adf	adf	PROPN
cjfa-28100	232	36	test	test	NOUN
cjfa-28100	232	37	statistics	statistic	NOUN
cjfa-28100	232	38	-19.35467	-19.35467	PUNCT
cjfa-28100	232	39	0.0000	0.0000	NUM
cjfa-28100	232	40	pp	pp	NOUN
cjfa-28100	232	41	test	test	NOUN
cjfa-28100	232	42	statistics	statistic	NOUN
cjfa-28100	232	43	-19.39624	-19.39624	VERB
cjfa-28100	232	44	0.0000	0.0000	NUM
cjfa-28100	232	45	critical	critical	ADJ
cjfa-28100	232	46	values	value	NOUN
cjfa-28100	232	47	:	:	PUNCT
cjfa-28100	232	48	1	1	NUM
cjfa-28100	232	49	%	%	NOUN
cjfa-28100	232	50	-3.447580	-3.447580	NOUN
cjfa-28100	232	51	critical	critical	ADJ
cjfa-28100	232	52	values	value	NOUN
cjfa-28100	232	53	:	:	PUNCT
cjfa-28100	232	54	1	1	NUM
cjfa-28100	232	55	%	%	NOUN
cjfa-28100	232	56	-3.447580	-3.447580	NOUN
cjfa-28100	232	57	5	5	NUM
cjfa-28100	232	58	%	%	NOUN
cjfa-28100	232	59	-2.869029	-2.869029	NOUN
cjfa-28100	232	60	5	5	NUM
cjfa-28100	232	61	%	%	NOUN
cjfa-28100	232	62	-2.869029	-2.869029	NOUN
cjfa-28100	232	63	10	10	NUM
cjfa-28100	232	64	%	%	NOUN
cjfa-28100	232	65	-2.570827	-2.570827	NOUN
cjfa-28100	232	66	10	10	NUM
cjfa-28100	232	67	%	%	NOUN
cjfa-28100	232	68	-2.570827	-2.570827	NOUN
cjfa-28100	232	69	source	source	NOUN
cjfa-28100	232	70	:	:	PUNCT
cjfa-28100	232	71	author	author	NOUN
cjfa-28100	232	72	’s	’s	PART
cjfa-28100	232	73	computations	computation	NOUN
cjfa-28100	232	74	,	,	PUNCT
cjfa-28100	232	75	2018	2018	NUM
cjfa-28100	232	76	.	.	PUNCT
cjfa-28100	233	1	the	the	DET
cjfa-28100	233	2	unit	unit	NOUN
cjfa-28100	233	3	root	root	PROPN
cjfa-28100	233	4	test	test	NOUN
cjfa-28100	233	5	result	result	NOUN
cjfa-28100	233	6	of	of	ADP
cjfa-28100	233	7	the	the	DET
cjfa-28100	233	8	all	all	DET
cjfa-28100	233	9	share	share	NOUN
cjfa-28100	233	10	index	index	NOUN
cjfa-28100	233	11	returns	return	NOUN
cjfa-28100	233	12	series	series	NOUN
cjfa-28100	233	13	for	for	ADP
cjfa-28100	233	14	the	the	DET
cjfa-28100	233	15	pre	pre	ADJ
cjfa-28100	233	16	-	-	ADJ
cjfa-28100	233	17	meltdown	meltdown	ADJ
cjfa-28100	233	18	period	period	NOUN
cjfa-28100	233	19	of	of	ADP
cjfa-28100	233	20	jan	jan	PROPN
cjfa-28100	233	21	.	.	PROPN
cjfa-28100	233	22	2001	2001	NUM
cjfa-28100	233	23	till	till	SCONJ
cjfa-28100	233	24	march	march	PROPN
cjfa-28100	233	25	2008	2008	NUM
cjfa-28100	233	26	as	as	SCONJ
cjfa-28100	233	27	shown	show	VERB
cjfa-28100	233	28	in	in	ADP
cjfa-28100	233	29	table	table	NOUN
cjfa-28100	233	30	1	1	NUM
cjfa-28100	233	31	revealed	reveal	VERB
cjfa-28100	233	32	the	the	DET
cjfa-28100	233	33	p	p	NOUN
cjfa-28100	233	34	-	-	PUNCT
cjfa-28100	233	35	values	value	NOUN
cjfa-28100	233	36	for	for	ADP
cjfa-28100	233	37	the	the	DET
cjfa-28100	233	38	adf	adf	PROPN
cjfa-28100	233	39	and	and	CCONJ
cjfa-28100	233	40	phillip	phillip	PROPN
cjfa-28100	233	41	-	-	PUNCT
cjfa-28100	233	42	perron	perron	PROPN
cjfa-28100	233	43	test	test	NOUN
cjfa-28100	233	44	statistics	statistic	NOUN
cjfa-28100	233	45	is	be	AUX
cjfa-28100	233	46	0.0000	0.0000	NUM
cjfa-28100	233	47	.	.	PUNCT
cjfa-28100	234	1	this	this	PRON
cjfa-28100	234	2	implies	imply	VERB
cjfa-28100	234	3	that	that	SCONJ
cjfa-28100	234	4	the	the	DET
cjfa-28100	234	5	null	null	ADJ
cjfa-28100	234	6	hypothesis	hypothesis	NOUN
cjfa-28100	234	7	should	should	AUX
cjfa-28100	234	8	be	be	AUX
cjfa-28100	234	9	rejected	reject	VERB
cjfa-28100	234	10	indicating	indicate	VERB
cjfa-28100	234	11	that	that	SCONJ
cjfa-28100	234	12	the	the	DET
cjfa-28100	234	13	return	return	NOUN
cjfa-28100	234	14	series	series	NOUN
cjfa-28100	234	15	before	before	SCONJ
cjfa-28100	234	16	the	the	DET
cjfa-28100	234	17	meltdown	meltdown	NOUN
cjfa-28100	234	18	is	be	AUX
cjfa-28100	234	19	stationery	stationery	NOUN
cjfa-28100	234	20	(	(	PUNCT
cjfa-28100	234	21	has	have	AUX
cjfa-28100	234	22	no	no	DET
cjfa-28100	234	23	unit	unit	NOUN
cjfa-28100	234	24	root	root	NOUN
cjfa-28100	234	25	)	)	PUNCT
cjfa-28100	234	26	.	.	PUNCT
cjfa-28100	235	1	table	table	NOUN
cjfa-28100	235	2	2	2	NUM
cjfa-28100	235	3	.	.	PUNCT
cjfa-28100	236	1	adf	adf	NOUN
cjfa-28100	236	2	and	and	CCONJ
cjfa-28100	236	3	pp	pp	PROPN
cjfa-28100	236	4	unit	unit	NOUN
cjfa-28100	236	5	root	root	PROPN
cjfa-28100	236	6	test	test	NOUN
cjfa-28100	236	7	result	result	NOUN
cjfa-28100	236	8	of	of	ADP
cjfa-28100	236	9	all	all	DET
cjfa-28100	236	10	share	share	NOUN
cjfa-28100	236	11	index	index	NOUN
cjfa-28100	236	12	return	return	NOUN
cjfa-28100	236	13	after	after	ADP
cjfa-28100	236	14	the	the	DET
cjfa-28100	236	15	meltdown	meltdown	NOUN
cjfa-28100	236	16	asir	asir	PROPN
cjfa-28100	236	17	after	after	ADP
cjfa-28100	236	18	meltdown	meltdown	PROPN
cjfa-28100	236	19	t	t	PROPN
cjfa-28100	236	20	-	-	PUNCT
cjfa-28100	236	21	statistics	statistic	NOUN
cjfa-28100	236	22	p	p	ADJ
cjfa-28100	236	23	-	-	PUNCT
cjfa-28100	236	24	value	value	NOUN
cjfa-28100	236	25	asir	asir	NOUN
cjfa-28100	236	26	after	after	SCONJ
cjfa-28100	236	27	meltdown	meltdown	PROPN
cjfa-28100	236	28	adjusted	adjust	VERB
cjfa-28100	236	29	t	t	PROPN
cjfa-28100	236	30	-	-	PUNCT
cjfa-28100	236	31	statistics	statistic	NOUN
cjfa-28100	236	32	p	p	ADJ
cjfa-28100	236	33	-	-	PUNCT
cjfa-28100	236	34	value	value	NOUN
cjfa-28100	236	35	adf	adf	PROPN
cjfa-28100	236	36	test	test	NOUN
cjfa-28100	236	37	statistics	statistic	NOUN
cjfa-28100	236	38	-18.59976	-18.59976	PUNCT
cjfa-28100	236	39	0.0000	0.0000	NUM
cjfa-28100	236	40	pp	pp	NOUN
cjfa-28100	236	41	test	test	NOUN
cjfa-28100	236	42	statistics	statistic	NOUN
cjfa-28100	236	43	-18.63701	-18.63701	PUNCT
cjfa-28100	236	44	0.0000	0.0000	NUM
cjfa-28100	236	45	critical	critical	ADJ
cjfa-28100	236	46	values	value	NOUN
cjfa-28100	236	47	:	:	PUNCT
cjfa-28100	236	48	1	1	NUM
cjfa-28100	236	49	%	%	NOUN
cjfa-28100	236	50	-3.446443	-3.446443	NOUN
cjfa-28100	236	51	critical	critical	ADJ
cjfa-28100	236	52	values	value	NOUN
cjfa-28100	236	53	:	:	PUNCT
cjfa-28100	236	54	1	1	NUM
cjfa-28100	236	55	%	%	NOUN
cjfa-28100	236	56	-3.446443	-3.446443	NOUN
cjfa-28100	236	57	5	5	NUM
cjfa-28100	236	58	%	%	NOUN
cjfa-28100	236	59	-2.868529	-2.868529	NOUN
cjfa-28100	236	60	5	5	NUM
cjfa-28100	236	61	%	%	NOUN
cjfa-28100	236	62	-2.868529	-2.868529	NOUN
cjfa-28100	236	63	10	10	NUM
cjfa-28100	236	64	%	%	NOUN
cjfa-28100	236	65	-2.570558	-2.570558	NOUN
cjfa-28100	236	66	10	10	NUM
cjfa-28100	236	67	%	%	NOUN
cjfa-28100	236	68	-2.570558	-2.570558	NOUN
cjfa-28100	236	69	source	source	NOUN
cjfa-28100	236	70	:	:	PUNCT
cjfa-28100	236	71	author	author	PROPN
cjfa-28100	236	72	’s	’s	PART
cjfa-28100	236	73	computations	computation	NOUN
cjfa-28100	236	74	,	,	PUNCT
cjfa-28100	236	75	2018	2018	NUM
cjfa-28100	236	76	.	.	PUNCT
cjfa-28100	237	1	the	the	DET
cjfa-28100	237	2	unit	unit	NOUN
cjfa-28100	237	3	root	root	PROPN
cjfa-28100	237	4	test	test	NOUN
cjfa-28100	237	5	result	result	NOUN
cjfa-28100	237	6	of	of	ADP
cjfa-28100	237	7	the	the	DET
cjfa-28100	237	8	all	all	DET
cjfa-28100	237	9	share	share	NOUN
cjfa-28100	237	10	index	index	NOUN
cjfa-28100	237	11	return	return	NOUN
cjfa-28100	237	12	series	series	NOUN
cjfa-28100	237	13	after	after	ADP
cjfa-28100	237	14	the	the	DET
cjfa-28100	237	15	meltdown	meltdown	NOUN
cjfa-28100	237	16	for	for	ADP
cjfa-28100	237	17	the	the	DET
cjfa-28100	237	18	periods	period	NOUN
cjfa-28100	237	19	of	of	ADP
cjfa-28100	237	20	april	april	PROPN
cjfa-28100	237	21	2009	2009	NUM
cjfa-28100	237	22	till	till	SCONJ
cjfa-28100	237	23	dec	dec	PROPN
cjfa-28100	237	24	.	.	PROPN
cjfa-28100	237	25	2016	2016	NUM
cjfa-28100	237	26	is	be	AUX
cjfa-28100	237	27	presented	present	VERB
cjfa-28100	237	28	in	in	ADP
cjfa-28100	237	29	table	table	NOUN
cjfa-28100	237	30	2	2	NUM
cjfa-28100	237	31	.	.	PUNCT
cjfa-28100	238	1	the	the	DET
cjfa-28100	238	2	p	p	NOUN
cjfa-28100	238	3	-	-	PUNCT
cjfa-28100	238	4	values	value	NOUN
cjfa-28100	238	5	of	of	ADP
cjfa-28100	238	6	0.0000	0.0000	NUM
cjfa-28100	238	7	under	under	ADP
cjfa-28100	238	8	the	the	DET
cjfa-28100	238	9	adf	adf	NOUN
cjfa-28100	238	10	and	and	CCONJ
cjfa-28100	238	11	phillip	phillip	PROPN
cjfa-28100	238	12	-	-	PUNCT
cjfa-28100	238	13	perron	perron	PROPN
cjfa-28100	238	14	test	test	NOUN
cjfa-28100	238	15	statistics	statistic	NOUN
cjfa-28100	238	16	indicates	indicate	VERB
cjfa-28100	238	17	that	that	SCONJ
cjfa-28100	238	18	the	the	DET
cjfa-28100	238	19	null	null	ADJ
cjfa-28100	238	20	hypothesis	hypothesis	NOUN
cjfa-28100	238	21	should	should	AUX
cjfa-28100	238	22	be	be	AUX
cjfa-28100	238	23	re	re	VERB
cjfa-28100	238	24	(	(	PUNCT
cjfa-28100	238	25	14	14	NUM
cjfa-28100	238	26	)	)	PUNCT
cjfa-28100	238	27	including	include	VERB
cjfa-28100	238	28	the	the	DET
cjfa-28100	238	29	normal	normal	ADJ
cjfa-28100	238	30	distribution	distribution	NOUN
cjfa-28100	238	31	if	if	SCONJ
cjfa-28100	238	32	the	the	DET
cjfa-28100	238	33	parameter	parameter	NOUN
cjfa-28100	238	34	v	v	PROPN
cjfa-28100	238	35	has	have	VERB
cjfa-28100	238	36	a	a	DET
cjfa-28100	238	37	value	value	NOUN
cjfa-28100	238	38	of	of	ADP
cjfa-28100	238	39	two	two	NUM
cjfa-28100	238	40	and	and	CCONJ
cjfa-28100	238	41	when	when	SCONJ
cjfa-28100	238	42	v	v	NOUN
cjfa-28100	238	43	>	>	SYM
cjfa-28100	238	44	2	2	NUM
cjfa-28100	238	45	indicates	indicate	VERB
cjfa-28100	238	46	fat	fat	ADJ
cjfa-28100	238	47	tail	tail	NOUN
cjfa-28100	238	48	distribution	distribution	NOUN
cjfa-28100	238	49	.	.	PUNCT
cjfa-28100	239	1	data	datum	NOUN
cjfa-28100	239	2	analysis	analysis	NOUN
cjfa-28100	239	3	and	and	CCONJ
cjfa-28100	239	4	discussion	discussion	NOUN
cjfa-28100	239	5	table	table	NOUN
cjfa-28100	239	6	1	1	NUM
cjfa-28100	239	7	.	.	PUNCT
cjfa-28100	240	1	adf	adf	NOUN
cjfa-28100	240	2	and	and	CCONJ
cjfa-28100	240	3	pp	pp	PROPN
cjfa-28100	240	4	unit	unit	NOUN
cjfa-28100	240	5	root	root	PROPN
cjfa-28100	240	6	test	test	NOUN
cjfa-28100	240	7	result	result	NOUN
cjfa-28100	240	8	of	of	ADP
cjfa-28100	240	9	all	all	DET
cjfa-28100	240	10	share	share	NOUN
cjfa-28100	240	11	index	index	NOUN
cjfa-28100	240	12	return	return	NOUN
cjfa-28100	240	13	before	before	ADP
cjfa-28100	240	14	the	the	DET
cjfa-28100	240	15	meltdown	meltdown	NOUN
cjfa-28100	240	16	asir	asir	PROPN
cjfa-28100	240	17	before	before	ADP
cjfa-28100	240	18	meltdown	meltdown	PROPN
cjfa-28100	240	19	t	t	PROPN
cjfa-28100	240	20	-	-	PUNCT
cjfa-28100	240	21	statistics	statistic	NOUN
cjfa-28100	240	22	p	p	ADJ
cjfa-28100	240	23	-	-	PUNCT
cjfa-28100	240	24	value	value	NOUN
cjfa-28100	240	25	asir	asir	NOUN
cjfa-28100	240	26	before	before	ADP
cjfa-28100	240	27	meltdown	meltdown	PROPN
cjfa-28100	240	28	adjusted	adjust	VERB
cjfa-28100	240	29	t	t	PROPN
cjfa-28100	240	30	-	-	PUNCT
cjfa-28100	240	31	statistics	statistic	NOUN
cjfa-28100	240	32	p	p	ADJ
cjfa-28100	240	33	-	-	PUNCT
cjfa-28100	240	34	value	value	NOUN
cjfa-28100	240	35	adf	adf	PROPN
cjfa-28100	240	36	test	test	NOUN
cjfa-28100	240	37	statistics	statistic	NOUN
cjfa-28100	240	38	-19.35467	-19.35467	PUNCT
cjfa-28100	240	39	0.0000	0.0000	NUM
cjfa-28100	240	40	pp	pp	NOUN
cjfa-28100	240	41	test	test	NOUN
cjfa-28100	240	42	statistics	statistic	NOUN
cjfa-28100	240	43	-19.39624	-19.39624	VERB
cjfa-28100	240	44	0.0000	0.0000	NUM
cjfa-28100	240	45	critical	critical	ADJ
cjfa-28100	240	46	values	value	NOUN
cjfa-28100	240	47	:	:	PUNCT
cjfa-28100	240	48	1	1	NUM
cjfa-28100	240	49	%	%	NOUN
cjfa-28100	240	50	-3.447580	-3.447580	NOUN
cjfa-28100	240	51	critical	critical	ADJ
cjfa-28100	240	52	values	value	NOUN
cjfa-28100	240	53	:	:	PUNCT
cjfa-28100	240	54	1	1	NUM
cjfa-28100	240	55	%	%	NOUN
cjfa-28100	240	56	-3.447580	-3.447580	NOUN
cjfa-28100	240	57	5	5	NUM
cjfa-28100	240	58	%	%	NOUN
cjfa-28100	240	59	-2.869029	-2.869029	NOUN
cjfa-28100	240	60	5	5	NUM
cjfa-28100	240	61	%	%	NOUN
cjfa-28100	240	62	-2.869029	-2.869029	NOUN
cjfa-28100	240	63	10	10	NUM
cjfa-28100	240	64	%	%	NOUN
cjfa-28100	240	65	-2.570827	-2.570827	NOUN
cjfa-28100	240	66	10	10	NUM
cjfa-28100	240	67	%	%	NOUN
cjfa-28100	241	1	-2.570827	-2.570827	NOUN
cjfa-28100	241	2	s	s	PART
cjfa-28100	241	3	o	o	X
cjfa-28100	241	4	u	u	NOUN
cjfa-28100	241	5	r	r	NOUN
cjfa-28100	241	6	c	c	NOUN
cjfa-28100	241	7	e	e	NOUN
cjfa-28100	241	8	:	:	PUNCT
cjfa-28100	241	9	author	author	PROPN
cjfa-28100	241	10	’s	’s	PART
cjfa-28100	241	11	computations	computation	NOUN
cjfa-28100	241	12	,	,	PUNCT
cjfa-28100	241	13	2018	2018	NUM
cjfa-28100	241	14	.	.	PUNCT
cjfa-28100	242	1	kamaldeen	kamaldeen	VERB
cjfa-28100	242	2	ibraheem	ibraheem	PROPN
cjfa-28100	242	3	nageri82	nageri82	VERB
cjfa-28100	242	4	the	the	DET
cjfa-28100	242	5	unit	unit	NOUN
cjfa-28100	242	6	root	root	NOUN
cjfa-28100	242	7	test	test	NOUN
cjfa-28100	242	8	result	result	NOUN
cjfa-28100	242	9	of	of	ADP
cjfa-28100	242	10	the	the	DET
cjfa-28100	242	11	all	all	DET
cjfa-28100	242	12	share	share	NOUN
cjfa-28100	242	13	index	index	NOUN
cjfa-28100	242	14	returns	return	NOUN
cjfa-28100	242	15	series	series	NOUN
cjfa-28100	242	16	for	for	ADP
cjfa-28100	242	17	the	the	DET
cjfa-28100	242	18	premeltdown	premeltdown	ADJ
cjfa-28100	242	19	period	period	NOUN
cjfa-28100	242	20	of	of	ADP
cjfa-28100	242	21	jan	jan	PROPN
cjfa-28100	242	22	.	.	PROPN
cjfa-28100	242	23	2001	2001	NUM
cjfa-28100	242	24	till	till	SCONJ
cjfa-28100	242	25	march	march	PROPN
cjfa-28100	242	26	2008	2008	NUM
cjfa-28100	242	27	as	as	SCONJ
cjfa-28100	242	28	shown	show	VERB
cjfa-28100	242	29	in	in	ADP
cjfa-28100	242	30	table	table	NOUN
cjfa-28100	242	31	1	1	NUM
cjfa-28100	242	32	revealed	reveal	VERB
cjfa-28100	242	33	the	the	DET
cjfa-28100	242	34	p	p	NOUN
cjfa-28100	242	35	-	-	PUNCT
cjfa-28100	242	36	values	value	NOUN
cjfa-28100	242	37	for	for	ADP
cjfa-28100	242	38	the	the	DET
cjfa-28100	242	39	adf	adf	PROPN
cjfa-28100	242	40	and	and	CCONJ
cjfa-28100	242	41	phillip	phillip	PROPN
cjfa-28100	242	42	-	-	PUNCT
cjfa-28100	242	43	perron	perron	PROPN
cjfa-28100	242	44	test	test	NOUN
cjfa-28100	242	45	statistics	statistic	NOUN
cjfa-28100	242	46	is	be	AUX
cjfa-28100	242	47	0.0000	0.0000	NUM
cjfa-28100	242	48	.	.	PUNCT
cjfa-28100	243	1	this	this	PRON
cjfa-28100	243	2	implies	imply	VERB
cjfa-28100	243	3	that	that	SCONJ
cjfa-28100	243	4	the	the	DET
cjfa-28100	243	5	null	null	ADJ
cjfa-28100	243	6	hypothesis	hypothesis	NOUN
cjfa-28100	243	7	should	should	AUX
cjfa-28100	243	8	be	be	AUX
cjfa-28100	243	9	rejected	reject	VERB
cjfa-28100	243	10	indicating	indicate	VERB
cjfa-28100	243	11	that	that	SCONJ
cjfa-28100	243	12	the	the	DET
cjfa-28100	243	13	return	return	NOUN
cjfa-28100	243	14	series	series	NOUN
cjfa-28100	243	15	before	before	SCONJ
cjfa-28100	243	16	the	the	DET
cjfa-28100	243	17	meltdown	meltdown	NOUN
cjfa-28100	243	18	is	be	AUX
cjfa-28100	243	19	stationery	stationery	NOUN
cjfa-28100	243	20	(	(	PUNCT
cjfa-28100	243	21	has	have	AUX
cjfa-28100	243	22	no	no	DET
cjfa-28100	243	23	unit	unit	NOUN
cjfa-28100	243	24	root	root	NOUN
cjfa-28100	243	25	)	)	PUNCT
cjfa-28100	243	26	.	.	PUNCT
cjfa-28100	244	1	table	table	NOUN
cjfa-28100	244	2	2	2	NUM
cjfa-28100	244	3	.	.	PUNCT
cjfa-28100	245	1	adf	adf	NOUN
cjfa-28100	245	2	and	and	CCONJ
cjfa-28100	245	3	pp	pp	PROPN
cjfa-28100	245	4	unit	unit	NOUN
cjfa-28100	245	5	root	root	PROPN
cjfa-28100	245	6	test	test	NOUN
cjfa-28100	245	7	result	result	NOUN
cjfa-28100	245	8	of	of	ADP
cjfa-28100	245	9	all	all	DET
cjfa-28100	245	10	share	share	NOUN
cjfa-28100	245	11	index	index	NOUN
cjfa-28100	245	12	return	return	NOUN
cjfa-28100	245	13	after	after	ADP
cjfa-28100	245	14	the	the	DET
cjfa-28100	245	15	meltdown	meltdown	NOUN
cjfa-28100	245	16	asir	asir	PROPN
cjfa-28100	245	17	after	after	ADP
cjfa-28100	245	18	meltdown	meltdown	PROPN
cjfa-28100	245	19	t	t	PROPN
cjfa-28100	245	20	-	-	PUNCT
cjfa-28100	245	21	statistics	statistic	NOUN
cjfa-28100	245	22	p	p	ADJ
cjfa-28100	245	23	-	-	PUNCT
cjfa-28100	245	24	value	value	NOUN
cjfa-28100	245	25	asir	asir	NOUN
cjfa-28100	245	26	after	after	SCONJ
cjfa-28100	245	27	meltdown	meltdown	PROPN
cjfa-28100	245	28	adjusted	adjust	VERB
cjfa-28100	245	29	t	t	PROPN
cjfa-28100	245	30	-	-	PUNCT
cjfa-28100	245	31	statistics	statistic	NOUN
cjfa-28100	245	32	p	p	ADJ
cjfa-28100	245	33	-	-	PUNCT
cjfa-28100	245	34	value	value	NOUN
cjfa-28100	245	35	adf	adf	PROPN
cjfa-28100	245	36	test	test	NOUN
cjfa-28100	245	37	statistics	statistic	NOUN
cjfa-28100	245	38	-18.59976	-18.59976	PUNCT
cjfa-28100	245	39	0.0000	0.0000	NUM
cjfa-28100	245	40	pp	pp	NOUN
cjfa-28100	245	41	test	test	NOUN
cjfa-28100	245	42	statistics	statistic	NOUN
cjfa-28100	245	43	-18.63701	-18.63701	PUNCT
cjfa-28100	245	44	0.0000	0.0000	NUM
cjfa-28100	245	45	critical	critical	ADJ
cjfa-28100	245	46	values	value	NOUN
cjfa-28100	245	47	:	:	PUNCT
cjfa-28100	245	48	1	1	NUM
cjfa-28100	245	49	%	%	NOUN
cjfa-28100	245	50	-3.446443	-3.446443	NOUN
cjfa-28100	245	51	critical	critical	ADJ
cjfa-28100	245	52	values	value	NOUN
cjfa-28100	245	53	:	:	PUNCT
cjfa-28100	245	54	1	1	NUM
cjfa-28100	245	55	%	%	NOUN
cjfa-28100	245	56	-3.446443	-3.446443	NOUN
cjfa-28100	245	57	5	5	NUM
cjfa-28100	245	58	%	%	NOUN
cjfa-28100	245	59	-2.868529	-2.868529	NOUN
cjfa-28100	245	60	5	5	NUM
cjfa-28100	245	61	%	%	NOUN
cjfa-28100	245	62	-2.868529	-2.868529	NOUN
cjfa-28100	245	63	10	10	NUM
cjfa-28100	245	64	%	%	NOUN
cjfa-28100	245	65	-2.570558	-2.570558	NOUN
cjfa-28100	245	66	10	10	NUM
cjfa-28100	245	67	%	%	NOUN
cjfa-28100	245	68	-2.570558	-2.570558	NOUN
cjfa-28100	245	69	s	s	PART
cjfa-28100	245	70	o	o	X
cjfa-28100	245	71	u	u	NOUN
cjfa-28100	245	72	r	r	NOUN
cjfa-28100	245	73	c	c	NOUN
cjfa-28100	245	74	e	e	NOUN
cjfa-28100	245	75	:	:	PUNCT
cjfa-28100	245	76	author	author	PROPN
cjfa-28100	245	77	’s	’s	PART
cjfa-28100	245	78	computations	computation	NOUN
cjfa-28100	245	79	,	,	PUNCT
cjfa-28100	245	80	2018	2018	NUM
cjfa-28100	245	81	.	.	PUNCT
cjfa-28100	246	1	the	the	DET
cjfa-28100	246	2	unit	unit	NOUN
cjfa-28100	246	3	root	root	PROPN
cjfa-28100	246	4	test	test	NOUN
cjfa-28100	246	5	result	result	NOUN
cjfa-28100	246	6	of	of	ADP
cjfa-28100	246	7	the	the	DET
cjfa-28100	246	8	all	all	DET
cjfa-28100	246	9	share	share	NOUN
cjfa-28100	246	10	index	index	NOUN
cjfa-28100	246	11	return	return	NOUN
cjfa-28100	246	12	series	series	NOUN
cjfa-28100	246	13	after	after	ADP
cjfa-28100	246	14	the	the	DET
cjfa-28100	246	15	meltdown	meltdown	NOUN
cjfa-28100	246	16	for	for	ADP
cjfa-28100	246	17	the	the	DET
cjfa-28100	246	18	periods	period	NOUN
cjfa-28100	246	19	of	of	ADP
cjfa-28100	246	20	april	april	PROPN
cjfa-28100	246	21	2009	2009	NUM
cjfa-28100	246	22	till	till	SCONJ
cjfa-28100	246	23	dec	dec	PROPN
cjfa-28100	246	24	.	.	PROPN
cjfa-28100	246	25	2016	2016	NUM
cjfa-28100	246	26	is	be	AUX
cjfa-28100	246	27	presented	present	VERB
cjfa-28100	246	28	in	in	ADP
cjfa-28100	246	29	table	table	NOUN
cjfa-28100	246	30	2	2	NUM
cjfa-28100	246	31	.	.	PUNCT
cjfa-28100	247	1	the	the	DET
cjfa-28100	247	2	pvalues	pvalue	NOUN
cjfa-28100	247	3	of	of	ADP
cjfa-28100	247	4	0.0000	0.0000	NUM
cjfa-28100	247	5	under	under	ADP
cjfa-28100	247	6	the	the	DET
cjfa-28100	247	7	adf	adf	NOUN
cjfa-28100	247	8	and	and	CCONJ
cjfa-28100	247	9	phillip	phillip	PROPN
cjfa-28100	247	10	-	-	PUNCT
cjfa-28100	247	11	perron	perron	PROPN
cjfa-28100	247	12	test	test	NOUN
cjfa-28100	247	13	statistics	statistic	NOUN
cjfa-28100	247	14	indicates	indicate	VERB
cjfa-28100	247	15	that	that	SCONJ
cjfa-28100	247	16	the	the	DET
cjfa-28100	247	17	null	null	ADJ
cjfa-28100	247	18	hypothesis	hypothesis	NOUN
cjfa-28100	247	19	should	should	AUX
cjfa-28100	247	20	be	be	AUX
cjfa-28100	247	21	rejected	reject	VERB
cjfa-28100	247	22	,	,	PUNCT
cjfa-28100	247	23	indicating	indicate	VERB
cjfa-28100	247	24	that	that	SCONJ
cjfa-28100	247	25	the	the	DET
cjfa-28100	247	26	return	return	NOUN
cjfa-28100	247	27	series	series	NOUN
cjfa-28100	247	28	after	after	SCONJ
cjfa-28100	247	29	the	the	DET
cjfa-28100	247	30	meltdown	meltdown	NOUN
cjfa-28100	247	31	has	have	VERB
cjfa-28100	247	32	no	no	DET
cjfa-28100	247	33	unit	unit	NOUN
cjfa-28100	247	34	root	root	NOUN
cjfa-28100	247	35	(	(	PUNCT
cjfa-28100	247	36	stationery	stationery	NOUN
cjfa-28100	247	37	series	series	NOUN
cjfa-28100	247	38	)	)	PUNCT
cjfa-28100	247	39	at	at	ADP
cjfa-28100	247	40	5	5	NUM
cjfa-28100	247	41	%	%	NOUN
cjfa-28100	247	42	significant	significant	ADJ
cjfa-28100	247	43	level	level	NOUN
cjfa-28100	247	44	.	.	PUNCT
cjfa-28100	248	1	table	table	NOUN
cjfa-28100	248	2	3	3	NUM
cjfa-28100	248	3	.	.	PUNCT
cjfa-28100	249	1	conditional	conditional	ADJ
cjfa-28100	249	2	return	return	NOUN
cjfa-28100	249	3	/	/	SYM
cjfa-28100	249	4	mean	mean	NOUN
cjfa-28100	249	5	equation	equation	NOUN
cjfa-28100	249	6	of	of	ADP
cjfa-28100	249	7	all	all	DET
cjfa-28100	249	8	share	share	NOUN
cjfa-28100	249	9	index	index	NOUN
cjfa-28100	249	10	return	return	NOUN
cjfa-28100	249	11	before	before	ADP
cjfa-28100	249	12	the	the	DET
cjfa-28100	249	13	meltdown	meltdown	NOUN
cjfa-28100	249	14	dependent	dependent	ADJ
cjfa-28100	249	15	variable	variable	NOUN
cjfa-28100	249	16	:	:	PUNCT
cjfa-28100	249	17	all	all	DET
cjfa-28100	249	18	share	share	VERB
cjfa-28100	249	19	index	index	NOUN
cjfa-28100	249	20	return	return	NOUN
cjfa-28100	249	21	before	before	ADP
cjfa-28100	249	22	meltdown	meltdown	ADJ
cjfa-28100	249	23	variable	variable	ADJ
cjfa-28100	249	24	coefficient	coefficient	NOUN
cjfa-28100	249	25	standard	standard	ADJ
cjfa-28100	249	26	error	error	NOUN
cjfa-28100	249	27	t	t	NOUN
cjfa-28100	249	28	-	-	PUNCT
cjfa-28100	249	29	statistic	statistic	NOUN
cjfa-28100	249	30	p	p	NOUN
cjfa-28100	249	31	-	-	PUNCT
cjfa-28100	249	32	value	value	NOUN
cjfa-28100	249	33	c	c	NOUN
cjfa-28100	249	34	0.005581	0.005581	NUM
cjfa-28100	249	35	0.001413	0.001413	NUM
cjfa-28100	249	36	3.950266	3.950266	NUM
cjfa-28100	249	37	0.0001	0.0001	NUM
cjfa-28100	249	38	asirbf(-1	asirbf(-1	NUM
cjfa-28100	249	39	)	)	PUNCT
cjfa-28100	249	40	0.009341	0.009341	NUM
cjfa-28100	249	41	0.051184	0.051184	NUM
cjfa-28100	249	42	0.182494	0.182494	NUM
cjfa-28100	249	43	0.8553	0.8553	NUM
cjfa-28100	249	44	s	s	PART
cjfa-28100	249	45	o	o	NOUN
cjfa-28100	249	46	u	u	NOUN
cjfa-28100	249	47	r	r	NOUN
cjfa-28100	249	48	c	c	NOUN
cjfa-28100	249	49	e	e	NOUN
cjfa-28100	249	50	:	:	PUNCT
cjfa-28100	249	51	author	author	PROPN
cjfa-28100	249	52	’s	’s	PART
cjfa-28100	249	53	computations	computation	NOUN
cjfa-28100	249	54	,	,	PUNCT
cjfa-28100	249	55	2018	2018	NUM
cjfa-28100	249	56	.	.	PUNCT
cjfa-28100	250	1	evaluating	evaluate	VERB
cjfa-28100	250	2	volatility	volatility	NOUN
cjfa-28100	250	3	persistence	persistence	NOUN
cjfa-28100	250	4	of	of	ADP
cjfa-28100	250	5	stock	stock	NOUN
cjfa-28100	250	6	return	return	NOUN
cjfa-28100	250	7	…	…	PUNCT
cjfa-28100	250	8	83	83	NUM
cjfa-28100	250	9	table	table	NOUN
cjfa-28100	250	10	4	4	NUM
cjfa-28100	250	11	.	.	PUNCT
cjfa-28100	250	12	arch	arch	ADJ
cjfa-28100	250	13	effect	effect	NOUN
cjfa-28100	250	14	result	result	NOUN
cjfa-28100	250	15	of	of	ADP
cjfa-28100	250	16	all	all	DET
cjfa-28100	250	17	share	share	NOUN
cjfa-28100	250	18	index	index	NOUN
cjfa-28100	250	19	return	return	NOUN
cjfa-28100	250	20	before	before	ADP
cjfa-28100	250	21	the	the	DET
cjfa-28100	250	22	meltdown	meltdown	NOUN
cjfa-28100	250	23	test	test	NOUN
cjfa-28100	250	24	statistics	statistic	NOUN
cjfa-28100	250	25	value	value	VERB
cjfa-28100	250	26	p	p	NOUN
cjfa-28100	250	27	-	-	PUNCT
cjfa-28100	250	28	value	value	NOUN
cjfa-28100	250	29	f	f	NOUN
cjfa-28100	250	30	-	-	PUNCT
cjfa-28100	250	31	statistics	statistic	NOUN
cjfa-28100	250	32	39.77247	39.77247	NUM
cjfa-28100	250	33	0.0000	0.0000	NUM
cjfa-28100	250	34	observed	observe	VERB
cjfa-28100	250	35	r2	r2	NOUN
cjfa-28100	250	36	36.12409	36.12409	NUM
cjfa-28100	250	37	0.0000	0.0000	NUM
cjfa-28100	250	38	s	s	PART
cjfa-28100	250	39	o	o	NOUN
cjfa-28100	250	40	u	u	NOUN
cjfa-28100	250	41	r	r	NOUN
cjfa-28100	250	42	c	c	NOUN
cjfa-28100	250	43	e	e	NOUN
cjfa-28100	250	44	:	:	PUNCT
cjfa-28100	250	45	author	author	PROPN
cjfa-28100	250	46	’s	’s	PART
cjfa-28100	250	47	computations	computation	NOUN
cjfa-28100	250	48	,	,	PUNCT
cjfa-28100	250	49	2018	2018	NUM
cjfa-28100	250	50	.	.	PUNCT
cjfa-28100	251	1	table	table	NOUN
cjfa-28100	251	2	3	3	NUM
cjfa-28100	251	3	shows	show	VERB
cjfa-28100	251	4	the	the	DET
cjfa-28100	251	5	conditional	conditional	ADJ
cjfa-28100	251	6	mean	mean	ADJ
cjfa-28100	251	7	/	/	SYM
cjfa-28100	251	8	return	return	NOUN
cjfa-28100	251	9	equation	equation	NOUN
cjfa-28100	251	10	for	for	ADP
cjfa-28100	251	11	the	the	DET
cjfa-28100	251	12	all	all	DET
cjfa-28100	251	13	share	share	NOUN
cjfa-28100	251	14	index	index	NOUN
cjfa-28100	251	15	return	return	NOUN
cjfa-28100	251	16	before	before	ADP
cjfa-28100	251	17	the	the	DET
cjfa-28100	251	18	meltdown	meltdown	NOUN
cjfa-28100	251	19	.	.	PUNCT
cjfa-28100	252	1	the	the	DET
cjfa-28100	252	2	arch	arch	ADJ
cjfa-28100	252	3	effect	effect	NOUN
cjfa-28100	252	4	test	test	NOUN
cjfa-28100	252	5	result	result	NOUN
cjfa-28100	252	6	on	on	ADP
cjfa-28100	252	7	the	the	DET
cjfa-28100	252	8	residual	residual	NOUN
cjfa-28100	252	9	of	of	ADP
cjfa-28100	252	10	the	the	DET
cjfa-28100	252	11	mean	mean	ADJ
cjfa-28100	252	12	equation	equation	NOUN
cjfa-28100	252	13	of	of	ADP
cjfa-28100	252	14	the	the	DET
cjfa-28100	252	15	all	all	DET
cjfa-28100	252	16	share	share	NOUN
cjfa-28100	252	17	index	index	NOUN
cjfa-28100	252	18	return	return	NOUN
cjfa-28100	252	19	series	series	NOUN
cjfa-28100	252	20	before	before	SCONJ
cjfa-28100	252	21	the	the	DET
cjfa-28100	252	22	meltdown	meltdown	NOUN
cjfa-28100	252	23	is	be	AUX
cjfa-28100	252	24	presented	present	VERB
cjfa-28100	252	25	in	in	ADP
cjfa-28100	252	26	table	table	NOUN
cjfa-28100	252	27	4	4	NUM
cjfa-28100	252	28	.	.	PUNCT
cjfa-28100	253	1	the	the	DET
cjfa-28100	253	2	f	f	PROPN
cjfa-28100	253	3	-	-	PUNCT
cjfa-28100	253	4	statistics	statistic	NOUN
cjfa-28100	253	5	and	and	CCONJ
cjfa-28100	253	6	the	the	DET
cjfa-28100	253	7	observed	observed	ADJ
cjfa-28100	253	8	r	r	NOUN
cjfa-28100	253	9	square	square	NOUN
cjfa-28100	253	10	p	p	NOUN
cjfa-28100	253	11	-	-	PUNCT
cjfa-28100	253	12	values	value	NOUN
cjfa-28100	253	13	is	be	AUX
cjfa-28100	253	14	0.0000	0.0000	NUM
cjfa-28100	253	15	.	.	PUNCT
cjfa-28100	254	1	it	it	PRON
cjfa-28100	254	2	indicates	indicate	VERB
cjfa-28100	254	3	that	that	SCONJ
cjfa-28100	254	4	the	the	DET
cjfa-28100	254	5	null	null	ADJ
cjfa-28100	254	6	hypothesis	hypothesis	NOUN
cjfa-28100	254	7	of	of	ADP
cjfa-28100	254	8	no	no	DET
cjfa-28100	254	9	arch	arch	ADJ
cjfa-28100	254	10	effect	effect	NOUN
cjfa-28100	254	11	is	be	AUX
cjfa-28100	254	12	rejected	reject	VERB
cjfa-28100	254	13	,	,	PUNCT
cjfa-28100	254	14	meaning	mean	VERB
cjfa-28100	254	15	that	that	SCONJ
cjfa-28100	254	16	there	there	PRON
cjfa-28100	254	17	is	be	VERB
cjfa-28100	254	18	arch	arch	ADJ
cjfa-28100	254	19	effect	effect	NOUN
cjfa-28100	254	20	in	in	ADP
cjfa-28100	254	21	the	the	DET
cjfa-28100	254	22	residuals	residual	NOUN
cjfa-28100	254	23	of	of	ADP
cjfa-28100	254	24	the	the	DET
cjfa-28100	254	25	mean	mean	ADJ
cjfa-28100	254	26	equation	equation	NOUN
cjfa-28100	254	27	of	of	ADP
cjfa-28100	254	28	all	all	DET
cjfa-28100	254	29	share	share	NOUN
cjfa-28100	254	30	index	index	NOUN
cjfa-28100	254	31	return	return	NOUN
cjfa-28100	254	32	series	series	NOUN
cjfa-28100	254	33	on	on	ADP
cjfa-28100	254	34	the	the	DET
cjfa-28100	254	35	nigerian	nigerian	ADJ
cjfa-28100	254	36	stock	stock	NOUN
cjfa-28100	254	37	exchange	exchange	NOUN
cjfa-28100	254	38	before	before	ADP
cjfa-28100	254	39	the	the	DET
cjfa-28100	254	40	financial	financial	ADJ
cjfa-28100	254	41	crisis	crisis	NOUN
cjfa-28100	254	42	.	.	PUNCT
cjfa-28100	255	1	figure	figure	NOUN
cjfa-28100	255	2	1	1	NUM
cjfa-28100	255	3	.	.	PUNCT
cjfa-28100	256	1	volatility	volatility	NOUN
cjfa-28100	256	2	clustering	cluster	VERB
cjfa-28100	256	3	for	for	ADP
cjfa-28100	256	4	weekly	weekly	ADJ
cjfa-28100	256	5	all	all	DET
cjfa-28100	256	6	share	share	NOUN
cjfa-28100	256	7	index	index	NOUN
cjfa-28100	256	8	return	return	NOUN
cjfa-28100	256	9	before	before	SCONJ
cjfa-28100	256	10	the	the	DET
cjfa-28100	256	11	meltdown	meltdown	NOUN
cjfa-28100	256	12	jected	jecte	VERB
cjfa-28100	256	13	,	,	PUNCT
cjfa-28100	256	14	indicating	indicate	VERB
cjfa-28100	256	15	that	that	SCONJ
cjfa-28100	256	16	the	the	DET
cjfa-28100	256	17	return	return	NOUN
cjfa-28100	256	18	series	series	NOUN
cjfa-28100	256	19	after	after	SCONJ
cjfa-28100	256	20	the	the	DET
cjfa-28100	256	21	meltdown	meltdown	NOUN
cjfa-28100	256	22	has	have	VERB
cjfa-28100	256	23	no	no	DET
cjfa-28100	256	24	unit	unit	NOUN
cjfa-28100	256	25	root	root	NOUN
cjfa-28100	256	26	(	(	PUNCT
cjfa-28100	256	27	stationery	stationery	NOUN
cjfa-28100	256	28	series	series	NOUN
cjfa-28100	256	29	)	)	PUNCT
cjfa-28100	256	30	at	at	ADP
cjfa-28100	256	31	5	5	NUM
cjfa-28100	256	32	%	%	NOUN
cjfa-28100	256	33	significant	significant	ADJ
cjfa-28100	256	34	level	level	NOUN
cjfa-28100	256	35	.	.	PUNCT
cjfa-28100	257	1	table	table	NOUN
cjfa-28100	257	2	3	3	NUM
cjfa-28100	257	3	.	.	PUNCT
cjfa-28100	258	1	conditional	conditional	ADJ
cjfa-28100	258	2	return	return	NOUN
cjfa-28100	258	3	/	/	SYM
cjfa-28100	258	4	mean	mean	NOUN
cjfa-28100	258	5	equation	equation	NOUN
cjfa-28100	258	6	of	of	ADP
cjfa-28100	258	7	all	all	DET
cjfa-28100	258	8	share	share	NOUN
cjfa-28100	258	9	index	index	NOUN
cjfa-28100	258	10	return	return	NOUN
cjfa-28100	258	11	before	before	ADP
cjfa-28100	258	12	the	the	DET
cjfa-28100	258	13	meltdown	meltdown	NOUN
cjfa-28100	258	14	dependent	dependent	ADJ
cjfa-28100	258	15	variable	variable	NOUN
cjfa-28100	258	16	:	:	PUNCT
cjfa-28100	258	17	all	all	DET
cjfa-28100	258	18	share	share	VERB
cjfa-28100	258	19	index	index	NOUN
cjfa-28100	258	20	return	return	NOUN
cjfa-28100	258	21	before	before	ADP
cjfa-28100	258	22	meltdown	meltdown	ADJ
cjfa-28100	258	23	variable	variable	ADJ
cjfa-28100	258	24	coefficient	coefficient	NOUN
cjfa-28100	258	25	standard	standard	ADJ
cjfa-28100	258	26	error	error	NOUN
cjfa-28100	258	27	t	t	NOUN
cjfa-28100	258	28	-	-	PUNCT
cjfa-28100	258	29	statistic	statistic	NOUN
cjfa-28100	258	30	p	p	NOUN
cjfa-28100	258	31	-	-	PUNCT
cjfa-28100	258	32	value	value	NOUN
cjfa-28100	259	1	c	c	NOUN
cjfa-28100	259	2	0.005581	0.005581	NUM
cjfa-28100	259	3	0.001413	0.001413	NUM
cjfa-28100	259	4	3.950266	3.950266	NUM
cjfa-28100	259	5	0.0001	0.0001	NUM
cjfa-28100	259	6	asirbf(-1	asirbf(-1	NUM
cjfa-28100	259	7	)	)	PUNCT
cjfa-28100	259	8	0.009341	0.009341	NUM
cjfa-28100	259	9	0.051184	0.051184	NUM
cjfa-28100	259	10	0.182494	0.182494	NUM
cjfa-28100	259	11	0.8553	0.8553	NUM
cjfa-28100	259	12	source	source	NOUN
cjfa-28100	259	13	:	:	PUNCT
cjfa-28100	259	14	author	author	NOUN
cjfa-28100	259	15	’s	’s	PART
cjfa-28100	259	16	computations	computation	NOUN
cjfa-28100	259	17	,	,	PUNCT
cjfa-28100	259	18	2018	2018	NUM
cjfa-28100	259	19	.	.	PUNCT
cjfa-28100	260	1	table	table	NOUN
cjfa-28100	260	2	4	4	NUM
cjfa-28100	260	3	.	.	PUNCT
cjfa-28100	260	4	arch	arch	ADJ
cjfa-28100	260	5	effect	effect	NOUN
cjfa-28100	260	6	result	result	NOUN
cjfa-28100	260	7	of	of	ADP
cjfa-28100	260	8	all	all	DET
cjfa-28100	260	9	share	share	NOUN
cjfa-28100	260	10	index	index	NOUN
cjfa-28100	260	11	return	return	NOUN
cjfa-28100	260	12	before	before	ADP
cjfa-28100	260	13	the	the	DET
cjfa-28100	260	14	meltdown	meltdown	NOUN
cjfa-28100	260	15	test	test	NOUN
cjfa-28100	260	16	statistics	statistic	NOUN
cjfa-28100	260	17	value	value	VERB
cjfa-28100	260	18	p	p	NOUN
cjfa-28100	260	19	-	-	PUNCT
cjfa-28100	260	20	value	value	NOUN
cjfa-28100	260	21	f	f	NOUN
cjfa-28100	260	22	-	-	PUNCT
cjfa-28100	260	23	statistics	statistic	NOUN
cjfa-28100	260	24	39.77247	39.77247	NUM
cjfa-28100	260	25	0.0000	0.0000	NUM
cjfa-28100	260	26	observed	observe	VERB
cjfa-28100	260	27	r2	r2	PROPN
cjfa-28100	260	28	36.12409	36.12409	NUM
cjfa-28100	260	29	0.0000	0.0000	NUM
cjfa-28100	260	30	source	source	NOUN
cjfa-28100	260	31	:	:	PUNCT
cjfa-28100	260	32	author	author	NOUN
cjfa-28100	260	33	’s	’s	PART
cjfa-28100	260	34	computations	computation	NOUN
cjfa-28100	260	35	,	,	PUNCT
cjfa-28100	260	36	2018	2018	NUM
cjfa-28100	260	37	.	.	PUNCT
cjfa-28100	261	1	table	table	NOUN
cjfa-28100	261	2	3	3	NUM
cjfa-28100	261	3	shows	show	VERB
cjfa-28100	261	4	the	the	DET
cjfa-28100	261	5	conditional	conditional	ADJ
cjfa-28100	261	6	mean	mean	ADJ
cjfa-28100	261	7	/	/	SYM
cjfa-28100	261	8	return	return	NOUN
cjfa-28100	261	9	equation	equation	NOUN
cjfa-28100	261	10	for	for	ADP
cjfa-28100	261	11	the	the	DET
cjfa-28100	261	12	all	all	DET
cjfa-28100	261	13	share	share	NOUN
cjfa-28100	261	14	index	index	NOUN
cjfa-28100	261	15	return	return	NOUN
cjfa-28100	261	16	before	before	ADP
cjfa-28100	261	17	the	the	DET
cjfa-28100	261	18	meltdown	meltdown	NOUN
cjfa-28100	261	19	.	.	PUNCT
cjfa-28100	262	1	the	the	DET
cjfa-28100	262	2	arch	arch	ADJ
cjfa-28100	262	3	effect	effect	NOUN
cjfa-28100	262	4	test	test	NOUN
cjfa-28100	262	5	result	result	NOUN
cjfa-28100	262	6	on	on	ADP
cjfa-28100	262	7	the	the	DET
cjfa-28100	262	8	residual	residual	NOUN
cjfa-28100	262	9	of	of	ADP
cjfa-28100	262	10	the	the	DET
cjfa-28100	262	11	mean	mean	ADJ
cjfa-28100	262	12	equation	equation	NOUN
cjfa-28100	262	13	of	of	ADP
cjfa-28100	262	14	the	the	DET
cjfa-28100	262	15	all	all	DET
cjfa-28100	262	16	share	share	NOUN
cjfa-28100	262	17	index	index	NOUN
cjfa-28100	262	18	return	return	NOUN
cjfa-28100	262	19	series	series	NOUN
cjfa-28100	262	20	before	before	SCONJ
cjfa-28100	262	21	the	the	DET
cjfa-28100	262	22	meltdown	meltdown	NOUN
cjfa-28100	262	23	is	be	AUX
cjfa-28100	262	24	presented	present	VERB
cjfa-28100	262	25	in	in	ADP
cjfa-28100	262	26	table	table	NOUN
cjfa-28100	262	27	4	4	NUM
cjfa-28100	262	28	.	.	PUNCT
cjfa-28100	263	1	the	the	DET
cjfa-28100	263	2	f	f	PROPN
cjfa-28100	263	3	-	-	PUNCT
cjfa-28100	263	4	statistics	statistic	NOUN
cjfa-28100	263	5	and	and	CCONJ
cjfa-28100	263	6	the	the	DET
cjfa-28100	263	7	observed	observed	ADJ
cjfa-28100	263	8	r	r	NOUN
cjfa-28100	263	9	square	square	NOUN
cjfa-28100	263	10	p	p	NOUN
cjfa-28100	263	11	-	-	PUNCT
cjfa-28100	263	12	values	value	NOUN
cjfa-28100	263	13	is	be	AUX
cjfa-28100	263	14	0.0000	0.0000	NUM
cjfa-28100	263	15	.	.	PUNCT
cjfa-28100	264	1	it	it	PRON
cjfa-28100	264	2	indicates	indicate	VERB
cjfa-28100	264	3	that	that	SCONJ
cjfa-28100	264	4	the	the	DET
cjfa-28100	264	5	null	null	ADJ
cjfa-28100	264	6	hypothesis	hypothesis	NOUN
cjfa-28100	264	7	of	of	ADP
cjfa-28100	264	8	no	no	DET
cjfa-28100	264	9	arch	arch	ADJ
cjfa-28100	264	10	effect	effect	NOUN
cjfa-28100	264	11	is	be	AUX
cjfa-28100	264	12	rejected	reject	VERB
cjfa-28100	264	13	,	,	PUNCT
cjfa-28100	264	14	meaning	mean	VERB
cjfa-28100	264	15	that	that	SCONJ
cjfa-28100	264	16	there	there	PRON
cjfa-28100	264	17	is	be	VERB
cjfa-28100	264	18	arch	arch	ADJ
cjfa-28100	264	19	effect	effect	NOUN
cjfa-28100	264	20	in	in	ADP
cjfa-28100	264	21	the	the	DET
cjfa-28100	264	22	residuals	residual	NOUN
cjfa-28100	264	23	of	of	ADP
cjfa-28100	264	24	the	the	DET
cjfa-28100	264	25	mean	mean	ADJ
cjfa-28100	264	26	equation	equation	NOUN
cjfa-28100	264	27	of	of	ADP
cjfa-28100	264	28	all	all	DET
cjfa-28100	264	29	share	share	NOUN
cjfa-28100	264	30	index	index	NOUN
cjfa-28100	264	31	return	return	NOUN
cjfa-28100	264	32	series	series	NOUN
cjfa-28100	264	33	on	on	ADP
cjfa-28100	264	34	the	the	DET
cjfa-28100	264	35	nigerian	nigerian	ADJ
cjfa-28100	264	36	stock	stock	NOUN
cjfa-28100	264	37	exchange	exchange	NOUN
cjfa-28100	264	38	before	before	ADP
cjfa-28100	264	39	the	the	DET
cjfa-28100	264	40	financial	financial	ADJ
cjfa-28100	264	41	crisis	crisis	NOUN
cjfa-28100	264	42	.	.	PUNCT
cjfa-28100	265	1	figure	figure	NOUN
cjfa-28100	265	2	1	1	NUM
cjfa-28100	265	3	.	.	PUNCT
cjfa-28100	266	1	volatility	volatility	NOUN
cjfa-28100	266	2	clustering	cluster	VERB
cjfa-28100	266	3	for	for	ADP
cjfa-28100	266	4	weekly	weekly	ADJ
cjfa-28100	266	5	all	all	DET
cjfa-28100	266	6	share	share	NOUN
cjfa-28100	266	7	index	index	NOUN
cjfa-28100	266	8	return	return	NOUN
cjfa-28100	266	9	before	before	ADP
cjfa-28100	266	10	the	the	DET
cjfa-28100	266	11	meltdown	meltdown	NOUN
cjfa-28100	266	12	source	source	NOUN
cjfa-28100	266	13	.	.	PUNCT
cjfa-28100	267	1	author	author	NOUN
cjfa-28100	267	2	’s	’s	PART
cjfa-28100	267	3	computations	computation	NOUN
cjfa-28100	267	4	,	,	PUNCT
cjfa-28100	267	5	2018	2018	NUM
cjfa-28100	267	6	.	.	PUNCT
cjfa-28100	268	1	-.15	-.15	VERB
cjfa-28100	268	2	-.10	-.10	PUNCT
cjfa-28100	268	3	-.05	-.05	SYM
cjfa-28100	268	4	.00	.00	NUM
cjfa-28100	268	5	.05	.05	NUM
cjfa-28100	269	1	.10	.10	NUM
cjfa-28100	269	2	.15	.15	NUM
cjfa-28100	269	3	-.15	-.15	ADJ
cjfa-28100	269	4	-.10	-.10	SYM
cjfa-28100	269	5	-.05	-.05	SYM
cjfa-28100	269	6	.00	.00	NUM
cjfa-28100	269	7	.05	.05	NUM
cjfa-28100	269	8	.10	.10	NUM
cjfa-28100	269	9	.15	.15	NUM
cjfa-28100	269	10	2001	2001	NUM
cjfa-28100	269	11	2002	2002	NUM
cjfa-28100	269	12	2003	2003	NUM
cjfa-28100	269	13	2004	2004	NUM
cjfa-28100	269	14	2005	2005	NUM
cjfa-28100	269	15	2006	2006	NUM
cjfa-28100	269	16	2007	2007	NUM
cjfa-28100	269	17	residual	residual	ADJ
cjfa-28100	269	18	actual	actual	ADJ
cjfa-28100	269	19	fitted	fit	VERB
cjfa-28100	269	20	s	s	NOUN
cjfa-28100	269	21	o	o	NOUN
cjfa-28100	269	22	u	u	NOUN
cjfa-28100	269	23	r	r	NOUN
cjfa-28100	269	24	c	c	NOUN
cjfa-28100	269	25	e	e	NOUN
cjfa-28100	269	26	:	:	PUNCT
cjfa-28100	269	27	author	author	PROPN
cjfa-28100	269	28	’s	’s	PART
cjfa-28100	269	29	computations	computation	NOUN
cjfa-28100	269	30	,	,	PUNCT
cjfa-28100	269	31	2018	2018	NUM
cjfa-28100	269	32	.	.	PUNCT
cjfa-28100	270	1	in	in	ADP
cjfa-28100	270	2	the	the	DET
cjfa-28100	270	3	same	same	ADJ
cjfa-28100	270	4	vein	vein	NOUN
cjfa-28100	270	5	,	,	PUNCT
cjfa-28100	270	6	the	the	DET
cjfa-28100	270	7	residual	residual	NOUN
cjfa-28100	270	8	of	of	ADP
cjfa-28100	270	9	the	the	DET
cjfa-28100	270	10	mean	mean	ADJ
cjfa-28100	270	11	equation	equation	NOUN
cjfa-28100	270	12	also	also	ADV
cjfa-28100	270	13	exhibits	exhibit	VERB
cjfa-28100	270	14	volatility	volatility	NOUN
cjfa-28100	270	15	clustering	cluster	VERB
cjfa-28100	270	16	as	as	SCONJ
cjfa-28100	270	17	shown	show	VERB
cjfa-28100	270	18	in	in	ADP
cjfa-28100	270	19	figure	figure	NOUN
cjfa-28100	270	20	1	1	NUM
cjfa-28100	270	21	,	,	PUNCT
cjfa-28100	270	22	indicating	indicate	VERB
cjfa-28100	270	23	that	that	SCONJ
cjfa-28100	270	24	return	return	NOUN
cjfa-28100	270	25	series	series	NOUN
cjfa-28100	270	26	oscillates	oscillate	NOUN
cjfa-28100	270	27	around	around	ADP
cjfa-28100	270	28	the	the	DET
cjfa-28100	270	29	mean	mean	ADJ
cjfa-28100	270	30	value	value	NOUN
cjfa-28100	270	31	(	(	PUNCT
cjfa-28100	270	32	mean	mean	INTJ
cjfa-28100	270	33	reverting	reverting	NOUN
cjfa-28100	270	34	)	)	PUNCT
cjfa-28100	270	35	.	.	PUNCT
cjfa-28100	271	1	figure	figure	NOUN
cjfa-28100	271	2	1	1	NUM
cjfa-28100	271	3	reveals	reveal	VERB
cjfa-28100	271	4	that	that	SCONJ
cjfa-28100	271	5	volatility	volatility	NOUN
cjfa-28100	271	6	of	of	ADP
cjfa-28100	271	7	stock	stock	NOUN
cjfa-28100	271	8	returns	return	NOUN
cjfa-28100	271	9	before	before	SCONJ
cjfa-28100	271	10	the	the	DET
cjfa-28100	271	11	meltdown	meltdown	NOUN
cjfa-28100	271	12	is	be	AUX
cjfa-28100	271	13	low	low	ADJ
cjfa-28100	271	14	for	for	ADP
cjfa-28100	271	15	consecutive	consecutive	ADJ
cjfa-28100	271	16	period	period	NOUN
cjfa-28100	271	17	till	till	SCONJ
cjfa-28100	271	18	3rd	3rd	ADJ
cjfa-28100	271	19	quarter	quarter	NOUN
cjfa-28100	271	20	of	of	ADP
cjfa-28100	271	21	2003	2003	NUM
cjfa-28100	271	22	kamaldeen	kamaldeen	VERB
cjfa-28100	271	23	ibraheem	ibraheem	ADJ
cjfa-28100	271	24	nageri84	nageri84	PROPN
cjfa-28100	271	25	(	(	PUNCT
cjfa-28100	271	26	low	low	ADJ
cjfa-28100	271	27	volatility	volatility	NOUN
cjfa-28100	271	28	followed	follow	VERB
cjfa-28100	271	29	by	by	ADP
cjfa-28100	271	30	low	low	ADJ
cjfa-28100	271	31	volatility	volatility	NOUN
cjfa-28100	271	32	for	for	ADP
cjfa-28100	271	33	a	a	DET
cjfa-28100	271	34	prolonged	prolonged	ADJ
cjfa-28100	271	35	period	period	NOUN
cjfa-28100	271	36	)	)	PUNCT
cjfa-28100	271	37	and	and	CCONJ
cjfa-28100	271	38	volatility	volatility	NOUN
cjfa-28100	271	39	is	be	AUX
cjfa-28100	271	40	high	high	ADJ
cjfa-28100	271	41	for	for	ADP
cjfa-28100	271	42	another	another	DET
cjfa-28100	271	43	consecutive	consecutive	ADJ
cjfa-28100	271	44	period	period	NOUN
cjfa-28100	271	45	till	till	SCONJ
cjfa-28100	271	46	3rd	3rd	ADJ
cjfa-28100	271	47	quarter	quarter	NOUN
cjfa-28100	271	48	of	of	ADP
cjfa-28100	271	49	2004	2004	NUM
cjfa-28100	271	50	(	(	PUNCT
cjfa-28100	271	51	high	high	ADJ
cjfa-28100	271	52	volatility	volatility	NOUN
cjfa-28100	271	53	followed	follow	VERB
cjfa-28100	271	54	by	by	ADP
cjfa-28100	271	55	high	high	ADJ
cjfa-28100	271	56	volatility	volatility	NOUN
cjfa-28100	271	57	for	for	ADP
cjfa-28100	271	58	a	a	DET
cjfa-28100	271	59	prolonged	prolonged	ADJ
cjfa-28100	271	60	period	period	NOUN
cjfa-28100	271	61	)	)	PUNCT
cjfa-28100	271	62	.	.	PUNCT
cjfa-28100	272	1	this	this	DET
cjfa-28100	272	2	feature	feature	NOUN
cjfa-28100	272	3	of	of	ADP
cjfa-28100	272	4	volatility	volatility	NOUN
cjfa-28100	272	5	of	of	ADP
cjfa-28100	272	6	return	return	NOUN
cjfa-28100	272	7	for	for	ADP
cjfa-28100	272	8	a	a	DET
cjfa-28100	272	9	prolonged	prolonged	ADJ
cjfa-28100	272	10	period	period	NOUN
cjfa-28100	272	11	is	be	AUX
cjfa-28100	272	12	sustained	sustain	VERB
cjfa-28100	272	13	throughout	throughout	ADP
cjfa-28100	272	14	the	the	DET
cjfa-28100	272	15	period	period	NOUN
cjfa-28100	272	16	before	before	ADP
cjfa-28100	272	17	the	the	DET
cjfa-28100	272	18	meltdown	meltdown	NOUN
cjfa-28100	272	19	.	.	PUNCT
cjfa-28100	273	1	table	table	NOUN
cjfa-28100	273	2	5	5	NUM
cjfa-28100	273	3	.	.	PUNCT
cjfa-28100	274	1	conditional	conditional	ADJ
cjfa-28100	274	2	return	return	NOUN
cjfa-28100	274	3	/	/	SYM
cjfa-28100	274	4	mean	mean	NOUN
cjfa-28100	274	5	equation	equation	NOUN
cjfa-28100	274	6	of	of	ADP
cjfa-28100	274	7	all	all	DET
cjfa-28100	274	8	share	share	NOUN
cjfa-28100	274	9	index	index	NOUN
cjfa-28100	274	10	return	return	NOUN
cjfa-28100	274	11	after	after	ADP
cjfa-28100	274	12	the	the	DET
cjfa-28100	274	13	meltdown	meltdown	NOUN
cjfa-28100	274	14	dependent	dependent	ADJ
cjfa-28100	274	15	variable	variable	NOUN
cjfa-28100	274	16	:	:	PUNCT
cjfa-28100	274	17	all	all	DET
cjfa-28100	274	18	share	share	VERB
cjfa-28100	274	19	index	index	NOUN
cjfa-28100	274	20	return	return	NOUN
cjfa-28100	274	21	after	after	ADP
cjfa-28100	274	22	meltdown	meltdown	ADJ
cjfa-28100	274	23	variable	variable	ADJ
cjfa-28100	274	24	coefficient	coefficient	NOUN
cjfa-28100	274	25	standard	standard	ADJ
cjfa-28100	274	26	error	error	NOUN
cjfa-28100	274	27	t	t	NOUN
cjfa-28100	274	28	-	-	PUNCT
cjfa-28100	274	29	statistic	statistic	NOUN
cjfa-28100	274	30	p	p	NOUN
cjfa-28100	274	31	-	-	PUNCT
cjfa-28100	274	32	value	value	NOUN
cjfa-28100	274	33	c	c	NOUN
cjfa-28100	274	34	0.001129	0.001129	NUM
cjfa-28100	274	35	0.001540	0.001540	NUM
cjfa-28100	275	1	0.733232	0.733232	NUM
cjfa-28100	275	2	0.4638	0.4638	NUM
cjfa-28100	275	3	asiraft(-1	asiraft(-1	NOUN
cjfa-28100	275	4	)	)	PUNCT
cjfa-28100	275	5	0.070749	0.070749	NUM
cjfa-28100	275	6	0.049886	0.049886	NUM
cjfa-28100	275	7	1.418215	1.418215	NUM
cjfa-28100	275	8	0.1569	0.1569	NUM
cjfa-28100	275	9	s	s	PART
cjfa-28100	275	10	o	o	NOUN
cjfa-28100	275	11	u	u	NOUN
cjfa-28100	275	12	r	r	NOUN
cjfa-28100	275	13	c	c	NOUN
cjfa-28100	275	14	e	e	NOUN
cjfa-28100	275	15	:	:	PUNCT
cjfa-28100	275	16	author	author	PROPN
cjfa-28100	275	17	’s	’s	PART
cjfa-28100	275	18	computations	computation	NOUN
cjfa-28100	275	19	,	,	PUNCT
cjfa-28100	275	20	2018	2018	NUM
cjfa-28100	275	21	.	.	PUNCT
cjfa-28100	276	1	table	table	NOUN
cjfa-28100	276	2	6	6	NUM
cjfa-28100	276	3	.	.	PUNCT
cjfa-28100	276	4	arch	arch	ADJ
cjfa-28100	276	5	effect	effect	NOUN
cjfa-28100	276	6	result	result	NOUN
cjfa-28100	276	7	of	of	ADP
cjfa-28100	276	8	all	all	DET
cjfa-28100	276	9	share	share	NOUN
cjfa-28100	276	10	index	index	NOUN
cjfa-28100	276	11	return	return	NOUN
cjfa-28100	276	12	after	after	ADP
cjfa-28100	276	13	the	the	DET
cjfa-28100	276	14	meltdown	meltdown	NOUN
cjfa-28100	276	15	test	test	NOUN
cjfa-28100	276	16	statistics	statistic	NOUN
cjfa-28100	276	17	value	value	VERB
cjfa-28100	276	18	p	p	NOUN
cjfa-28100	276	19	-	-	PUNCT
cjfa-28100	276	20	value	value	NOUN
cjfa-28100	276	21	f	f	NOUN
cjfa-28100	276	22	-	-	PUNCT
cjfa-28100	276	23	statistics	statistic	NOUN
cjfa-28100	276	24	6.682433	6.682433	NUM
cjfa-28100	276	25	0.0101	0.0101	NUM
cjfa-28100	276	26	observed	observe	VERB
cjfa-28100	276	27	r2	r2	NOUN
cjfa-28100	276	28	6.605304	6.605304	NUM
cjfa-28100	277	1	0.0102	0.0102	NUM
cjfa-28100	277	2	s	s	NOUN
cjfa-28100	277	3	o	o	NOUN
cjfa-28100	277	4	u	u	NOUN
cjfa-28100	277	5	r	r	NOUN
cjfa-28100	277	6	c	c	NOUN
cjfa-28100	277	7	e	e	NOUN
cjfa-28100	277	8	:	:	PUNCT
cjfa-28100	277	9	author	author	PROPN
cjfa-28100	277	10	’s	’s	PART
cjfa-28100	277	11	computations	computation	NOUN
cjfa-28100	277	12	,	,	PUNCT
cjfa-28100	277	13	2018	2018	NUM
cjfa-28100	277	14	.	.	PUNCT
cjfa-28100	278	1	the	the	DET
cjfa-28100	278	2	conditional	conditional	ADJ
cjfa-28100	278	3	mean	mean	ADJ
cjfa-28100	278	4	/	/	SYM
cjfa-28100	278	5	return	return	NOUN
cjfa-28100	278	6	equation	equation	NOUN
cjfa-28100	278	7	result	result	NOUN
cjfa-28100	278	8	for	for	ADP
cjfa-28100	278	9	the	the	DET
cjfa-28100	278	10	all	all	DET
cjfa-28100	278	11	share	share	NOUN
cjfa-28100	278	12	index	index	NOUN
cjfa-28100	278	13	return	return	NOUN
cjfa-28100	278	14	before	before	SCONJ
cjfa-28100	278	15	the	the	DET
cjfa-28100	278	16	meltdown	meltdown	NOUN
cjfa-28100	278	17	is	be	AUX
cjfa-28100	278	18	shown	show	VERB
cjfa-28100	278	19	in	in	ADP
cjfa-28100	278	20	table	table	NOUN
cjfa-28100	278	21	5	5	NUM
cjfa-28100	278	22	.	.	PUNCT
cjfa-28100	279	1	the	the	DET
cjfa-28100	279	2	arch	arch	ADJ
cjfa-28100	279	3	effect	effect	NOUN
cjfa-28100	279	4	test	test	NOUN
cjfa-28100	279	5	on	on	ADP
cjfa-28100	279	6	the	the	DET
cjfa-28100	279	7	residual	residual	NOUN
cjfa-28100	279	8	of	of	ADP
cjfa-28100	279	9	the	the	DET
cjfa-28100	279	10	mean	mean	ADJ
cjfa-28100	279	11	equation	equation	NOUN
cjfa-28100	279	12	of	of	ADP
cjfa-28100	279	13	all	all	DET
cjfa-28100	279	14	share	share	NOUN
cjfa-28100	279	15	index	index	NOUN
cjfa-28100	279	16	return	return	NOUN
cjfa-28100	279	17	series	series	NOUN
cjfa-28100	279	18	after	after	SCONJ
cjfa-28100	279	19	the	the	DET
cjfa-28100	279	20	meltdown	meltdown	NOUN
cjfa-28100	279	21	is	be	AUX
cjfa-28100	279	22	shown	show	VERB
cjfa-28100	279	23	in	in	ADP
cjfa-28100	279	24	table	table	NOUN
cjfa-28100	279	25	6	6	NUM
cjfa-28100	279	26	.	.	PUNCT
cjfa-28100	280	1	the	the	DET
cjfa-28100	280	2	f	f	PROPN
cjfa-28100	280	3	-	-	PUNCT
cjfa-28100	280	4	statistics	statistic	NOUN
cjfa-28100	280	5	and	and	CCONJ
cjfa-28100	280	6	the	the	DET
cjfa-28100	280	7	observed	observed	ADJ
cjfa-28100	280	8	r	r	NOUN
cjfa-28100	280	9	square	square	NOUN
cjfa-28100	280	10	p	p	NOUN
cjfa-28100	280	11	-	-	PUNCT
cjfa-28100	280	12	values	value	NOUN
cjfa-28100	280	13	is	be	AUX
cjfa-28100	280	14	0.0101	0.0101	NUM
cjfa-28100	280	15	and	and	CCONJ
cjfa-28100	280	16	0.0102	0.0102	NUM
cjfa-28100	280	17	respectively	respectively	ADV
cjfa-28100	280	18	.	.	PUNCT
cjfa-28100	281	1	this	this	PRON
cjfa-28100	281	2	indicates	indicate	VERB
cjfa-28100	281	3	that	that	SCONJ
cjfa-28100	281	4	the	the	DET
cjfa-28100	281	5	null	null	ADJ
cjfa-28100	281	6	hypothesis	hypothesis	NOUN
cjfa-28100	281	7	of	of	ADP
cjfa-28100	281	8	no	no	DET
cjfa-28100	281	9	arch	arch	ADJ
cjfa-28100	281	10	effect	effect	NOUN
cjfa-28100	281	11	is	be	AUX
cjfa-28100	281	12	rejected	reject	VERB
cjfa-28100	281	13	meaning	mean	VERB
cjfa-28100	281	14	that	that	SCONJ
cjfa-28100	281	15	there	there	PRON
cjfa-28100	281	16	is	be	VERB
cjfa-28100	281	17	arch	arch	ADJ
cjfa-28100	281	18	effect	effect	NOUN
cjfa-28100	281	19	in	in	ADP
cjfa-28100	281	20	the	the	DET
cjfa-28100	281	21	residuals	residual	NOUN
cjfa-28100	281	22	of	of	ADP
cjfa-28100	281	23	the	the	DET
cjfa-28100	281	24	mean	mean	ADJ
cjfa-28100	281	25	equation	equation	NOUN
cjfa-28100	281	26	of	of	ADP
cjfa-28100	281	27	all	all	DET
cjfa-28100	281	28	share	share	NOUN
cjfa-28100	281	29	index	index	NOUN
cjfa-28100	281	30	return	return	NOUN
cjfa-28100	281	31	series	series	NOUN
cjfa-28100	281	32	on	on	ADP
cjfa-28100	281	33	the	the	DET
cjfa-28100	281	34	nigerian	nigerian	ADJ
cjfa-28100	281	35	stock	stock	NOUN
cjfa-28100	281	36	exchange	exchange	NOUN
cjfa-28100	281	37	after	after	ADP
cjfa-28100	281	38	the	the	DET
cjfa-28100	281	39	meltdown	meltdown	NOUN
cjfa-28100	281	40	.	.	PUNCT
cjfa-28100	282	1	evaluating	evaluate	VERB
cjfa-28100	282	2	volatility	volatility	NOUN
cjfa-28100	282	3	persistence	persistence	NOUN
cjfa-28100	282	4	of	of	ADP
cjfa-28100	282	5	stock	stock	NOUN
cjfa-28100	282	6	return	return	NOUN
cjfa-28100	282	7	…	…	PUNCT
cjfa-28100	282	8	85	85	NUM
cjfa-28100	282	9	figure	figure	NOUN
cjfa-28100	282	10	2	2	NUM
cjfa-28100	282	11	.	.	PUNCT
cjfa-28100	282	12	volatility	volatility	NOUN
cjfa-28100	282	13	clustering	cluster	VERB
cjfa-28100	282	14	for	for	ADP
cjfa-28100	282	15	weekly	weekly	ADJ
cjfa-28100	282	16	all	all	DET
cjfa-28100	282	17	share	share	NOUN
cjfa-28100	282	18	index	index	NOUN
cjfa-28100	282	19	return	return	NOUN
cjfa-28100	282	20	after	after	ADP
cjfa-28100	282	21	the	the	DET
cjfa-28100	282	22	meltdown	meltdown	NOUN
cjfa-28100	282	23	source	source	NOUN
cjfa-28100	282	24	:	:	PUNCT
cjfa-28100	282	25	author	author	PROPN
cjfa-28100	282	26	’s	’s	PART
cjfa-28100	282	27	computations	computation	NOUN
cjfa-28100	282	28	,	,	PUNCT
cjfa-28100	282	29	2018	2018	NUM
cjfa-28100	282	30	.	.	PUNCT
cjfa-28100	283	1	in	in	ADP
cjfa-28100	283	2	the	the	DET
cjfa-28100	283	3	same	same	ADJ
cjfa-28100	283	4	vein	vein	NOUN
cjfa-28100	283	5	,	,	PUNCT
cjfa-28100	283	6	the	the	DET
cjfa-28100	283	7	residual	residual	NOUN
cjfa-28100	283	8	of	of	ADP
cjfa-28100	283	9	the	the	DET
cjfa-28100	283	10	mean	mean	ADJ
cjfa-28100	283	11	equation	equation	NOUN
cjfa-28100	283	12	also	also	ADV
cjfa-28100	283	13	exhibit	exhibit	VERB
cjfa-28100	283	14	volatility	volatility	NOUN
cjfa-28100	283	15	clustering	cluster	VERB
cjfa-28100	283	16	as	as	SCONJ
cjfa-28100	283	17	shown	show	VERB
cjfa-28100	283	18	in	in	ADP
cjfa-28100	283	19	figure	figure	NOUN
cjfa-28100	283	20	2	2	NUM
cjfa-28100	283	21	.	.	PUNCT
cjfa-28100	283	22	figure	figure	NOUN
cjfa-28100	283	23	2	2	NUM
cjfa-28100	283	24	shows	show	VERB
cjfa-28100	283	25	that	that	SCONJ
cjfa-28100	283	26	return	return	NOUN
cjfa-28100	283	27	series	series	NOUN
cjfa-28100	283	28	oscillates	oscillate	NOUN
cjfa-28100	283	29	around	around	ADP
cjfa-28100	283	30	the	the	DET
cjfa-28100	283	31	mean	mean	ADJ
cjfa-28100	283	32	value	value	NOUN
cjfa-28100	283	33	(	(	PUNCT
cjfa-28100	283	34	mean	mean	ADV
cjfa-28100	283	35	reverting	revert	VERB
cjfa-28100	283	36	)	)	PUNCT
cjfa-28100	283	37	showing	show	VERB
cjfa-28100	283	38	that	that	SCONJ
cjfa-28100	283	39	volatility	volatility	NOUN
cjfa-28100	283	40	of	of	ADP
cjfa-28100	283	41	stock	stock	NOUN
cjfa-28100	283	42	returns	return	NOUN
cjfa-28100	283	43	is	be	AUX
cjfa-28100	283	44	high	high	ADJ
cjfa-28100	283	45	for	for	ADP
cjfa-28100	283	46	consecutive	consecutive	ADJ
cjfa-28100	283	47	period	period	NOUN
cjfa-28100	283	48	till	till	SCONJ
cjfa-28100	283	49	3rd	3rd	ADJ
cjfa-28100	283	50	quarter	quarter	NOUN
cjfa-28100	283	51	of	of	ADP
cjfa-28100	283	52	2009	2009	NUM
cjfa-28100	283	53	(	(	PUNCT
cjfa-28100	283	54	high	high	ADJ
cjfa-28100	283	55	volatility	volatility	NOUN
cjfa-28100	283	56	followed	follow	VERB
cjfa-28100	283	57	by	by	ADP
cjfa-28100	283	58	high	high	ADJ
cjfa-28100	283	59	volatility	volatility	NOUN
cjfa-28100	283	60	for	for	ADP
cjfa-28100	283	61	a	a	DET
cjfa-28100	283	62	prolonged	prolonged	ADJ
cjfa-28100	283	63	period	period	NOUN
cjfa-28100	283	64	)	)	PUNCT
cjfa-28100	283	65	and	and	CCONJ
cjfa-28100	283	66	volatility	volatility	NOUN
cjfa-28100	283	67	is	be	AUX
cjfa-28100	283	68	low	low	ADJ
cjfa-28100	283	69	for	for	ADP
cjfa-28100	283	70	another	another	DET
cjfa-28100	283	71	consecutive	consecutive	ADJ
cjfa-28100	283	72	period	period	NOUN
cjfa-28100	283	73	till	till	SCONJ
cjfa-28100	283	74	3rd	3rd	ADJ
cjfa-28100	283	75	quarter	quarter	NOUN
cjfa-28100	283	76	of	of	ADP
cjfa-28100	283	77	2014	2014	NUM
cjfa-28100	283	78	(	(	PUNCT
cjfa-28100	283	79	low	low	ADJ
cjfa-28100	283	80	volatility	volatility	NOUN
cjfa-28100	283	81	followed	follow	VERB
cjfa-28100	283	82	by	by	ADP
cjfa-28100	283	83	low	low	ADJ
cjfa-28100	283	84	volatility	volatility	NOUN
cjfa-28100	283	85	for	for	ADP
cjfa-28100	283	86	a	a	DET
cjfa-28100	283	87	prolonged	prolonged	ADJ
cjfa-28100	283	88	period	period	NOUN
cjfa-28100	283	89	)	)	PUNCT
cjfa-28100	283	90	.	.	PUNCT
cjfa-28100	284	1	this	this	DET
cjfa-28100	284	2	feature	feature	NOUN
cjfa-28100	284	3	of	of	ADP
cjfa-28100	284	4	high	high	ADJ
cjfa-28100	284	5	volatility	volatility	NOUN
cjfa-28100	284	6	followed	follow	VERB
cjfa-28100	284	7	by	by	ADP
cjfa-28100	284	8	high	high	ADJ
cjfa-28100	284	9	volatility	volatility	NOUN
cjfa-28100	284	10	for	for	ADP
cjfa-28100	284	11	a	a	DET
cjfa-28100	284	12	prolonged	prolonged	ADJ
cjfa-28100	284	13	period	period	NOUN
cjfa-28100	284	14	and	and	CCONJ
cjfa-28100	284	15	periods	period	NOUN
cjfa-28100	284	16	of	of	ADP
cjfa-28100	284	17	low	low	ADJ
cjfa-28100	284	18	volatility	volatility	NOUN
cjfa-28100	284	19	followed	follow	VERB
cjfa-28100	284	20	by	by	ADP
cjfa-28100	284	21	low	low	ADJ
cjfa-28100	284	22	volatility	volatility	NOUN
cjfa-28100	284	23	for	for	ADP
cjfa-28100	284	24	a	a	DET
cjfa-28100	284	25	prolonged	prolonged	ADJ
cjfa-28100	284	26	period	period	NOUN
cjfa-28100	284	27	is	be	AUX
cjfa-28100	284	28	sustained	sustain	VERB
cjfa-28100	284	29	throughout	throughout	ADP
cjfa-28100	284	30	the	the	DET
cjfa-28100	284	31	period	period	NOUN
cjfa-28100	284	32	after	after	ADP
cjfa-28100	284	33	the	the	DET
cjfa-28100	284	34	meltdown	meltdown	NOUN
cjfa-28100	284	35	.	.	PUNCT
cjfa-28100	285	1	in	in	ADP
cjfa-28100	285	2	conclusion	conclusion	NOUN
cjfa-28100	285	3	,	,	PUNCT
cjfa-28100	285	4	as	as	SCONJ
cjfa-28100	285	5	indicated	indicate	VERB
cjfa-28100	285	6	in	in	ADP
cjfa-28100	285	7	the	the	DET
cjfa-28100	285	8	phases	phase	NOUN
cjfa-28100	285	9	of	of	ADP
cjfa-28100	285	10	all	all	DET
cjfa-28100	285	11	share	share	NOUN
cjfa-28100	285	12	index	index	NOUN
cjfa-28100	285	13	returns	return	NOUN
cjfa-28100	285	14	,	,	PUNCT
cjfa-28100	285	15	the	the	DET
cjfa-28100	285	16	existence	existence	NOUN
cjfa-28100	285	17	of	of	ADP
cjfa-28100	285	18	arch	arch	ADJ
cjfa-28100	285	19	effect	effect	NOUN
cjfa-28100	285	20	signifies	signify	VERB
cjfa-28100	285	21	that	that	SCONJ
cjfa-28100	285	22	the	the	DET
cjfa-28100	285	23	variance	variance	NOUN
cjfa-28100	285	24	of	of	ADP
cjfa-28100	285	25	the	the	DET
cjfa-28100	285	26	all	all	DET
cjfa-28100	285	27	share	share	NOUN
cjfa-28100	285	28	index	index	NOUN
cjfa-28100	285	29	return	return	NOUN
cjfa-28100	285	30	series	series	NOUN
cjfa-28100	285	31	of	of	ADP
cjfa-28100	285	32	nigerian	nigerian	ADJ
cjfa-28100	285	33	stock	stock	NOUN
cjfa-28100	285	34	exchange	exchange	NOUN
cjfa-28100	285	35	is	be	AUX
cjfa-28100	285	36	non	non	ADJ
cjfa-28100	285	37	-	-	ADJ
cjfa-28100	285	38	constant	constant	ADJ
cjfa-28100	285	39	for	for	SCONJ
cjfa-28100	285	40	all	all	DET
cjfa-28100	285	41	periods	period	NOUN
cjfa-28100	285	42	specified	specify	VERB
cjfa-28100	285	43	.	.	PUNCT
cjfa-28100	286	1	the	the	DET
cjfa-28100	286	2	presence	presence	NOUN
cjfa-28100	286	3	of	of	ADP
cjfa-28100	286	4	volatility	volatility	NOUN
cjfa-28100	286	5	clustering	clustering	NOUN
cjfa-28100	286	6	which	which	PRON
cjfa-28100	286	7	is	be	AUX
cjfa-28100	286	8	a	a	DET
cjfa-28100	286	9	stylized	stylize	VERB
cjfa-28100	286	10	fact	fact	NOUN
cjfa-28100	286	11	that	that	SCONJ
cjfa-28100	286	12	financial	financial	ADJ
cjfa-28100	286	13	time	time	NOUN
cjfa-28100	286	14	series	series	PROPN
cjfa-28100	286	15	exhibit	exhibit	NOUN
cjfa-28100	286	16	gives	give	VERB
cjfa-28100	286	17	the	the	DET
cjfa-28100	286	18	validity	validity	NOUN
cjfa-28100	286	19	and	and	CCONJ
cjfa-28100	286	20	condition	condition	NOUN
cjfa-28100	286	21	necessary	necessary	ADJ
cjfa-28100	286	22	for	for	ADP
cjfa-28100	286	23	the	the	DET
cjfa-28100	286	24	application	application	NOUN
cjfa-28100	286	25	arch	arch	ADJ
cjfa-28100	286	26	variant	variant	NOUN
cjfa-28100	286	27	models	model	NOUN
cjfa-28100	286	28	.	.	PUNCT
cjfa-28100	287	1	the	the	DET
cjfa-28100	287	2	objective	objective	NOUN
cjfa-28100	287	3	of	of	ADP
cjfa-28100	287	4	this	this	DET
cjfa-28100	287	5	study	study	NOUN
cjfa-28100	287	6	is	be	AUX
cjfa-28100	287	7	to	to	PART
cjfa-28100	287	8	determine	determine	VERB
cjfa-28100	287	9	the	the	DET
cjfa-28100	287	10	magnitude	magnitude	NOUN
cjfa-28100	287	11	of	of	ADP
cjfa-28100	287	12	volatility	volatility	NOUN
cjfa-28100	287	13	persistence	persistence	NOUN
cjfa-28100	287	14	in	in	ADP
cjfa-28100	287	15	all	all	DET
cjfa-28100	287	16	share	share	NOUN
cjfa-28100	287	17	index	index	NOUN
cjfa-28100	287	18	on	on	ADP
cjfa-28100	287	19	the	the	DET
cjfa-28100	287	20	nigerian	nigerian	ADJ
cjfa-28100	287	21	stock	stock	NOUN
cjfa-28100	287	22	exchange	exchange	NOUN
cjfa-28100	287	23	using	use	VERB
cjfa-28100	287	24	the	the	DET
cjfa-28100	287	25	mean	mean	NOUN
cjfa-28100	287	26	reverting	revert	VERB
cjfa-28100	287	27	and	and	CCONJ
cjfa-28100	287	28	the	the	DET
cjfa-28100	287	29	half	half	ADJ
cjfa-28100	287	30	-	-	PUNCT
cjfa-28100	287	31	life	life	NOUN
cjfa-28100	287	32	form	form	NOUN
cjfa-28100	287	33	of	of	ADP
cjfa-28100	287	34	garch	garch	NOUN
cjfa-28100	287	35	model	model	NOUN
cjfa-28100	287	36	stated	state	VERB
cjfa-28100	287	37	in	in	ADP
cjfa-28100	287	38	equation	equation	NOUN
cjfa-28100	287	39	(	(	PUNCT
cjfa-28100	287	40	10	10	NUM
cjfa-28100	287	41	)	)	PUNCT
cjfa-28100	287	42	and	and	CCONJ
cjfa-28100	287	43	(	(	PUNCT
cjfa-28100	287	44	11	11	NUM
cjfa-28100	287	45	)	)	PUNCT
cjfa-28100	287	46	.	.	PUNCT
cjfa-28100	288	1	since	since	SCONJ
cjfa-28100	288	2	determine	determine	VERB
cjfa-28100	288	3	how	how	SCONJ
cjfa-28100	288	4	quickly	quickly	ADV
cjfa-28100	288	5	the	the	DET
cjfa-28100	288	6	variance	variance	NOUN
cjfa-28100	288	7	forecast	forecast	NOUN
cjfa-28100	288	8	converges	converge	VERB
cjfa-28100	288	9	to	to	ADP
cjfa-28100	288	10	the	the	DET
cjfa-28100	288	11	unconditional	unconditional	ADJ
cjfa-28100	288	12	variance	variance	NOUN
cjfa-28100	288	13	,	,	PUNCT
cjfa-28100	288	14	the	the	DET
cjfa-28100	288	15	values	value	NOUN
cjfa-28100	288	16	of	of	ADP
cjfa-28100	288	17	from	from	ADP
cjfa-28100	288	18	the	the	DET
cjfa-28100	288	19	garch	garch	NOUN
cjfa-28100	288	20	model	model	NOUN
cjfa-28100	288	21	and	and	CCONJ
cjfa-28100	288	22	the	the	DET
cjfa-28100	288	23	half	half	ADJ
cjfa-28100	288	24	-	-	PUNCT
cjfa-28100	288	25	life	life	NOUN
cjfa-28100	288	26	estimate	estimate	NOUN
cjfa-28100	288	27	are	be	AUX
cjfa-28100	288	28	presented	present	VERB
cjfa-28100	288	29	in	in	ADP
cjfa-28100	288	30	table	table	NOUN
cjfa-28100	288	31	7	7	NUM
cjfa-28100	288	32	,	,	PUNCT
cjfa-28100	288	33	8	8	NUM
cjfa-28100	288	34	,	,	PUNCT
cjfa-28100	288	35	and	and	CCONJ
cjfa-28100	288	36	9	9	NUM
cjfa-28100	288	37	for	for	ADP
cjfa-28100	288	38	the	the	DET
cjfa-28100	288	39	whole	whole	ADJ
cjfa-28100	288	40	all	all	DET
cjfa-28100	288	41	share	share	NOUN
cjfa-28100	288	42	index	index	NOUN
cjfa-28100	288	43	return	return	NOUN
cjfa-28100	288	44	series	series	NOUN
cjfa-28100	288	45	,	,	PUNCT
cjfa-28100	288	46	the	the	DET
cjfa-28100	288	47	all	all	DET
cjfa-28100	288	48	share	share	NOUN
cjfa-28100	288	49	index	index	NOUN
cjfa-28100	288	50	return	return	NOUN
cjfa-28100	288	51	before	before	ADP
cjfa-28100	288	52	the	the	DET
cjfa-28100	288	53	meltdown	meltdown	NOUN
cjfa-28100	288	54	and	and	CCONJ
cjfa-28100	288	55	all	all	DET
cjfa-28100	288	56	share	share	NOUN
cjfa-28100	288	57	index	index	NOUN
cjfa-28100	288	58	return	return	NOUN
cjfa-28100	288	59	after	after	ADP
cjfa-28100	288	60	the	the	DET
cjfa-28100	288	61	meltdown	meltdown	NOUN
cjfa-28100	288	62	under	under	ADP
cjfa-28100	288	63	the	the	DET
cjfa-28100	288	64	three	three	NUM
cjfa-28100	288	65	(	(	PUNCT
cjfa-28100	288	66	3	3	NUM
cjfa-28100	288	67	)	)	PUNCT
cjfa-28100	288	68	distributional	distributional	ADJ
cjfa-28100	288	69	assumptions	assumption	NOUN
cjfa-28100	288	70	.	.	PUNCT
cjfa-28100	289	1	table	table	NOUN
cjfa-28100	289	2	7	7	NUM
cjfa-28100	289	3	.	.	PUNCT
cjfa-28100	290	1	mean	mean	ADJ
cjfa-28100	290	2	reversion	reversion	NOUN
cjfa-28100	290	3	and	and	CCONJ
cjfa-28100	290	4	half	half	ADJ
cjfa-28100	290	5	-	-	PUNCT
cjfa-28100	290	6	life	life	NOUN
cjfa-28100	290	7	estimate	estimate	NOUN
cjfa-28100	290	8	for	for	ADP
cjfa-28100	290	9	all	all	DET
cjfa-28100	290	10	share	share	NOUN
cjfa-28100	290	11	index	index	NOUN
cjfa-28100	290	12	return	return	NOUN
cjfa-28100	290	13	(	(	PUNCT
cjfa-28100	290	14	jan.2001dec.2016	jan.2001dec.2016	PROPN
cjfa-28100	290	15	)	)	PUNCT
cjfa-28100	290	16	parameters	parameter	NOUN
cjfa-28100	290	17	gausian	gausian	NOUN
cjfa-28100	290	18	distribution	distribution	NOUN
cjfa-28100	290	19	estimates	estimate	VERB
cjfa-28100	290	20	student’s	student’s	NOUN
cjfa-28100	290	21	-	-	PUNCT
cjfa-28100	290	22	t	t	NOUN
cjfa-28100	290	23	distribution	distribution	NOUN
cjfa-28100	290	24	estimates	estimate	NOUN
cjfa-28100	290	25	generalised	generalise	VERB
cjfa-28100	290	26	error	error	NOUN
cjfa-28100	290	27	distribution	distribution	NOUN
cjfa-28100	290	28	estimates	estimate	VERB
cjfa-28100	291	1	0.209177	0.209177	NUM
cjfa-28100	291	2	0.306950	0.306950	NUM
cjfa-28100	291	3	0.257695	0.257695	NUM
cjfa-28100	291	4	0.731140	0.731140	NUM
cjfa-28100	291	5	0.626216	0.626216	NUM
cjfa-28100	291	6	0.669422	0.669422	NUM
cjfa-28100	291	7	-.2	-.2	PUNCT
cjfa-28100	291	8	-.1	-.1	NUM
cjfa-28100	291	9	.0	.0	NUM
cjfa-28100	292	1	.1	.1	NUM
cjfa-28100	293	1	.2	.2	NUM
cjfa-28100	294	1	-.2	-.2	PUNCT
cjfa-28100	294	2	-.1	-.1	NUM
cjfa-28100	294	3	.0	.0	NUM
cjfa-28100	294	4	.1	.1	NUM
cjfa-28100	295	1	.2	.2	NUM
cjfa-28100	295	2	2009	2009	NUM
cjfa-28100	295	3	2010	2010	NUM
cjfa-28100	295	4	2011	2011	NUM
cjfa-28100	295	5	2012	2012	NUM
cjfa-28100	295	6	2013	2013	NUM
cjfa-28100	295	7	2014	2014	NUM
cjfa-28100	295	8	2015	2015	NUM
cjfa-28100	295	9	2016	2016	NUM
cjfa-28100	295	10	residual	residual	ADJ
cjfa-28100	295	11	actual	actual	ADJ
cjfa-28100	295	12	fitted	fit	VERB
cjfa-28100	295	13	s	s	NOUN
cjfa-28100	295	14	o	o	NOUN
cjfa-28100	295	15	u	u	NOUN
cjfa-28100	295	16	r	r	NOUN
cjfa-28100	295	17	c	c	NOUN
cjfa-28100	295	18	e	e	NOUN
cjfa-28100	295	19	:	:	PUNCT
cjfa-28100	295	20	author	author	PROPN
cjfa-28100	295	21	’s	’s	PART
cjfa-28100	295	22	computations	computation	NOUN
cjfa-28100	295	23	,	,	PUNCT
cjfa-28100	295	24	2018	2018	NUM
cjfa-28100	295	25	.	.	PUNCT
cjfa-28100	296	1	in	in	ADP
cjfa-28100	296	2	the	the	DET
cjfa-28100	296	3	same	same	ADJ
cjfa-28100	296	4	vein	vein	NOUN
cjfa-28100	296	5	,	,	PUNCT
cjfa-28100	296	6	the	the	DET
cjfa-28100	296	7	residual	residual	NOUN
cjfa-28100	296	8	of	of	ADP
cjfa-28100	296	9	the	the	DET
cjfa-28100	296	10	mean	mean	ADJ
cjfa-28100	296	11	equation	equation	NOUN
cjfa-28100	296	12	also	also	ADV
cjfa-28100	296	13	exhibit	exhibit	VERB
cjfa-28100	296	14	volatility	volatility	NOUN
cjfa-28100	296	15	clustering	cluster	VERB
cjfa-28100	296	16	as	as	SCONJ
cjfa-28100	296	17	shown	show	VERB
cjfa-28100	296	18	in	in	ADP
cjfa-28100	296	19	figure	figure	NOUN
cjfa-28100	296	20	2	2	NUM
cjfa-28100	296	21	.	.	PUNCT
cjfa-28100	296	22	figure	figure	NOUN
cjfa-28100	296	23	2	2	NUM
cjfa-28100	296	24	shows	show	VERB
cjfa-28100	296	25	that	that	SCONJ
cjfa-28100	296	26	return	return	NOUN
cjfa-28100	296	27	series	series	NOUN
cjfa-28100	296	28	oscillates	oscillate	NOUN
cjfa-28100	296	29	around	around	ADP
cjfa-28100	296	30	the	the	DET
cjfa-28100	296	31	mean	mean	ADJ
cjfa-28100	296	32	value	value	NOUN
cjfa-28100	296	33	(	(	PUNCT
cjfa-28100	296	34	mean	mean	ADV
cjfa-28100	296	35	reverting	revert	VERB
cjfa-28100	296	36	)	)	PUNCT
cjfa-28100	296	37	showing	show	VERB
cjfa-28100	296	38	that	that	SCONJ
cjfa-28100	296	39	volatility	volatility	NOUN
cjfa-28100	296	40	of	of	ADP
cjfa-28100	296	41	stock	stock	NOUN
cjfa-28100	296	42	returns	return	NOUN
cjfa-28100	296	43	is	be	AUX
cjfa-28100	296	44	high	high	ADJ
cjfa-28100	296	45	for	for	ADP
cjfa-28100	296	46	consecutive	consecutive	ADJ
cjfa-28100	296	47	period	period	NOUN
cjfa-28100	296	48	till	till	SCONJ
cjfa-28100	296	49	3rd	3rd	ADJ
cjfa-28100	296	50	quarter	quarter	NOUN
cjfa-28100	296	51	of	of	ADP
cjfa-28100	296	52	2009	2009	NUM
cjfa-28100	296	53	(	(	PUNCT
cjfa-28100	296	54	high	high	ADJ
cjfa-28100	296	55	volatility	volatility	NOUN
cjfa-28100	296	56	followed	follow	VERB
cjfa-28100	296	57	by	by	ADP
cjfa-28100	296	58	high	high	ADJ
cjfa-28100	296	59	volatility	volatility	NOUN
cjfa-28100	296	60	for	for	ADP
cjfa-28100	296	61	a	a	DET
cjfa-28100	296	62	prolonged	prolonged	ADJ
cjfa-28100	296	63	period	period	NOUN
cjfa-28100	296	64	)	)	PUNCT
cjfa-28100	296	65	and	and	CCONJ
cjfa-28100	296	66	volatility	volatility	NOUN
cjfa-28100	296	67	is	be	AUX
cjfa-28100	296	68	low	low	ADJ
cjfa-28100	296	69	for	for	ADP
cjfa-28100	296	70	another	another	DET
cjfa-28100	296	71	consecutive	consecutive	ADJ
cjfa-28100	296	72	period	period	NOUN
cjfa-28100	296	73	till	till	SCONJ
cjfa-28100	296	74	3rd	3rd	ADJ
cjfa-28100	296	75	quarter	quarter	NOUN
cjfa-28100	296	76	of	of	ADP
cjfa-28100	296	77	2014	2014	NUM
cjfa-28100	296	78	(	(	PUNCT
cjfa-28100	296	79	low	low	ADJ
cjfa-28100	296	80	volatility	volatility	NOUN
cjfa-28100	296	81	followed	follow	VERB
cjfa-28100	296	82	by	by	ADP
cjfa-28100	296	83	low	low	ADJ
cjfa-28100	296	84	volatility	volatility	NOUN
cjfa-28100	296	85	for	for	ADP
cjfa-28100	296	86	a	a	DET
cjfa-28100	296	87	prolonged	prolonged	ADJ
cjfa-28100	296	88	period	period	NOUN
cjfa-28100	296	89	)	)	PUNCT
cjfa-28100	296	90	.	.	PUNCT
cjfa-28100	297	1	this	this	DET
cjfa-28100	297	2	feature	feature	NOUN
cjfa-28100	297	3	of	of	ADP
cjfa-28100	297	4	high	high	ADJ
cjfa-28100	297	5	volatility	volatility	NOUN
cjfa-28100	297	6	followed	follow	VERB
cjfa-28100	297	7	by	by	ADP
cjfa-28100	297	8	high	high	ADJ
cjfa-28100	297	9	volatility	volatility	NOUN
cjfa-28100	297	10	for	for	ADP
cjfa-28100	297	11	a	a	DET
cjfa-28100	297	12	prolonged	prolonged	ADJ
cjfa-28100	297	13	period	period	NOUN
cjfa-28100	297	14	and	and	CCONJ
cjfa-28100	297	15	periods	period	NOUN
cjfa-28100	297	16	of	of	ADP
cjfa-28100	297	17	low	low	ADJ
cjfa-28100	297	18	volatility	volatility	NOUN
cjfa-28100	297	19	followed	follow	VERB
cjfa-28100	297	20	by	by	ADP
cjfa-28100	297	21	low	low	ADJ
cjfa-28100	297	22	volatility	volatility	NOUN
cjfa-28100	297	23	for	for	ADP
cjfa-28100	297	24	a	a	DET
cjfa-28100	297	25	prolonged	prolonged	ADJ
cjfa-28100	297	26	period	period	NOUN
cjfa-28100	297	27	is	be	AUX
cjfa-28100	297	28	sustained	sustain	VERB
cjfa-28100	297	29	throughout	throughout	ADP
cjfa-28100	297	30	the	the	DET
cjfa-28100	297	31	period	period	NOUN
cjfa-28100	297	32	after	after	ADP
cjfa-28100	297	33	the	the	DET
cjfa-28100	297	34	meltdown	meltdown	NOUN
cjfa-28100	297	35	.	.	PUNCT
cjfa-28100	298	1	in	in	ADP
cjfa-28100	298	2	conclusion	conclusion	NOUN
cjfa-28100	298	3	,	,	PUNCT
cjfa-28100	298	4	as	as	SCONJ
cjfa-28100	298	5	indicated	indicate	VERB
cjfa-28100	298	6	in	in	ADP
cjfa-28100	298	7	the	the	DET
cjfa-28100	298	8	phases	phase	NOUN
cjfa-28100	298	9	of	of	ADP
cjfa-28100	298	10	all	all	DET
cjfa-28100	298	11	share	share	NOUN
cjfa-28100	298	12	index	index	NOUN
cjfa-28100	298	13	returns	return	NOUN
cjfa-28100	298	14	,	,	PUNCT
cjfa-28100	298	15	the	the	DET
cjfa-28100	298	16	existence	existence	NOUN
cjfa-28100	298	17	of	of	ADP
cjfa-28100	298	18	arch	arch	ADJ
cjfa-28100	298	19	effect	effect	NOUN
cjfa-28100	298	20	signifies	signify	VERB
cjfa-28100	298	21	that	that	SCONJ
cjfa-28100	298	22	the	the	DET
cjfa-28100	298	23	variance	variance	NOUN
cjfa-28100	298	24	of	of	ADP
cjfa-28100	298	25	the	the	DET
cjfa-28100	298	26	all	all	DET
cjfa-28100	298	27	share	share	NOUN
cjfa-28100	298	28	index	index	NOUN
cjfa-28100	298	29	return	return	NOUN
cjfa-28100	298	30	series	series	NOUN
cjfa-28100	298	31	of	of	ADP
cjfa-28100	298	32	nigerian	nigerian	ADJ
cjfa-28100	298	33	stock	stock	NOUN
cjfa-28100	298	34	exchange	exchange	NOUN
cjfa-28100	298	35	is	be	AUX
cjfa-28100	298	36	non	non	ADJ
cjfa-28100	298	37	-	-	ADJ
cjfa-28100	298	38	constant	constant	ADJ
cjfa-28100	298	39	for	for	SCONJ
cjfa-28100	298	40	all	all	DET
cjfa-28100	298	41	periods	period	NOUN
cjfa-28100	298	42	specified	specify	VERB
cjfa-28100	298	43	.	.	PUNCT
cjfa-28100	299	1	the	the	DET
cjfa-28100	299	2	presence	presence	NOUN
cjfa-28100	299	3	of	of	ADP
cjfa-28100	299	4	volatility	volatility	NOUN
cjfa-28100	299	5	clustering	clustering	NOUN
cjfa-28100	299	6	which	which	PRON
cjfa-28100	299	7	is	be	AUX
cjfa-28100	299	8	a	a	DET
cjfa-28100	299	9	stylized	stylize	VERB
cjfa-28100	299	10	fact	fact	NOUN
cjfa-28100	299	11	that	that	SCONJ
cjfa-28100	299	12	financial	financial	ADJ
cjfa-28100	299	13	time	time	NOUN
cjfa-28100	299	14	series	series	PROPN
cjfa-28100	299	15	exhibit	exhibit	NOUN
cjfa-28100	299	16	gives	give	VERB
cjfa-28100	299	17	the	the	DET
cjfa-28100	299	18	validity	validity	NOUN
cjfa-28100	299	19	and	and	CCONJ
cjfa-28100	299	20	condition	condition	NOUN
cjfa-28100	299	21	necessary	necessary	ADJ
cjfa-28100	299	22	for	for	ADP
cjfa-28100	299	23	the	the	DET
cjfa-28100	299	24	application	application	NOUN
cjfa-28100	299	25	arch	arch	ADJ
cjfa-28100	299	26	variant	variant	NOUN
cjfa-28100	299	27	models	model	NOUN
cjfa-28100	299	28	.	.	PUNCT
cjfa-28100	300	1	the	the	DET
cjfa-28100	300	2	objective	objective	NOUN
cjfa-28100	300	3	of	of	ADP
cjfa-28100	300	4	this	this	DET
cjfa-28100	300	5	study	study	NOUN
cjfa-28100	300	6	is	be	AUX
cjfa-28100	300	7	to	to	PART
cjfa-28100	300	8	determine	determine	VERB
cjfa-28100	300	9	the	the	DET
cjfa-28100	300	10	magnitude	magnitude	NOUN
cjfa-28100	300	11	of	of	ADP
cjfa-28100	300	12	volatility	volatility	NOUN
cjfa-28100	300	13	persistence	persistence	NOUN
cjfa-28100	300	14	in	in	ADP
cjfa-28100	300	15	all	all	DET
cjfa-28100	300	16	share	share	NOUN
cjfa-28100	300	17	index	index	NOUN
cjfa-28100	300	18	on	on	ADP
cjfa-28100	300	19	the	the	DET
cjfa-28100	300	20	nigerian	nigerian	ADJ
cjfa-28100	300	21	stock	stock	NOUN
cjfa-28100	300	22	exchange	exchange	NOUN
cjfa-28100	300	23	using	use	VERB
cjfa-28100	300	24	the	the	DET
cjfa-28100	300	25	mean	mean	NOUN
cjfa-28100	300	26	reverting	revert	VERB
cjfa-28100	300	27	and	and	CCONJ
cjfa-28100	300	28	the	the	DET
cjfa-28100	300	29	half	half	ADJ
cjfa-28100	300	30	-	-	PUNCT
cjfa-28100	300	31	life	life	NOUN
cjfa-28100	300	32	form	form	NOUN
cjfa-28100	300	33	of	of	ADP
cjfa-28100	300	34	garch	garch	NOUN
cjfa-28100	300	35	model	model	NOUN
cjfa-28100	300	36	stated	state	VERB
cjfa-28100	300	37	in	in	ADP
cjfa-28100	300	38	equation	equation	NOUN
cjfa-28100	300	39	(	(	PUNCT
cjfa-28100	300	40	10	10	NUM
cjfa-28100	300	41	)	)	PUNCT
cjfa-28100	300	42	and	and	CCONJ
cjfa-28100	300	43	(	(	PUNCT
cjfa-28100	300	44	11	11	NUM
cjfa-28100	300	45	)	)	PUNCT
cjfa-28100	300	46	.	.	PUNCT
cjfa-28100	301	1	since	since	SCONJ
cjfa-28100	301	2	α	α	PROPN
cjfa-28100	301	3	+	+	X
cjfa-28100	301	4	β	β	AUX
cjfa-28100	301	5	determine	determine	VERB
cjfa-28100	301	6	how	how	SCONJ
cjfa-28100	301	7	quickly	quickly	ADV
cjfa-28100	301	8	the	the	DET
cjfa-28100	301	9	variance	variance	NOUN
cjfa-28100	301	10	forecast	forecast	NOUN
cjfa-28100	301	11	converges	converge	VERB
cjfa-28100	301	12	to	to	ADP
cjfa-28100	301	13	the	the	DET
cjfa-28100	301	14	unconditional	unconditional	ADJ
cjfa-28100	301	15	variance	variance	NOUN
cjfa-28100	301	16	,	,	PUNCT
cjfa-28100	301	17	the	the	DET
cjfa-28100	301	18	values	value	NOUN
cjfa-28100	301	19	of	of	ADP
cjfa-28100	301	20	α	α	PROPN
cjfa-28100	301	21	+	+	X
cjfa-28100	301	22	β	β	NOUN
cjfa-28100	301	23	from	from	ADP
cjfa-28100	301	24	the	the	DET
cjfa-28100	301	25	garch	garch	NOUN
cjfa-28100	301	26	model	model	NOUN
cjfa-28100	301	27	and	and	CCONJ
cjfa-28100	301	28	the	the	DET
cjfa-28100	301	29	half	half	ADJ
cjfa-28100	301	30	-	-	PUNCT
cjfa-28100	301	31	life	life	NOUN
cjfa-28100	301	32	estimate	estimate	NOUN
cjfa-28100	301	33	are	be	AUX
cjfa-28100	301	34	presented	present	VERB
cjfa-28100	301	35	in	in	ADP
cjfa-28100	301	36	table	table	NOUN
cjfa-28100	301	37	7	7	NUM
cjfa-28100	301	38	,	,	PUNCT
cjfa-28100	301	39	8	8	NUM
cjfa-28100	301	40	,	,	PUNCT
cjfa-28100	301	41	and	and	CCONJ
cjfa-28100	301	42	9	9	NUM
cjfa-28100	301	43	for	for	ADP
cjfa-28100	301	44	the	the	DET
cjfa-28100	301	45	whole	whole	ADJ
cjfa-28100	301	46	all	all	DET
cjfa-28100	301	47	share	share	NOUN
cjfa-28100	301	48	index	index	NOUN
cjfa-28100	301	49	return	return	NOUN
cjfa-28100	301	50	kamaldeen	kamaldeen	VERB
cjfa-28100	301	51	ibraheem	ibraheem	ADJ
cjfa-28100	301	52	nageri86	nageri86	PROPN
cjfa-28100	301	53	series	series	PROPN
cjfa-28100	301	54	,	,	PUNCT
cjfa-28100	301	55	the	the	DET
cjfa-28100	301	56	all	all	DET
cjfa-28100	301	57	share	share	NOUN
cjfa-28100	301	58	index	index	NOUN
cjfa-28100	301	59	return	return	NOUN
cjfa-28100	301	60	before	before	ADP
cjfa-28100	301	61	the	the	DET
cjfa-28100	301	62	meltdown	meltdown	NOUN
cjfa-28100	301	63	and	and	CCONJ
cjfa-28100	301	64	all	all	DET
cjfa-28100	301	65	share	share	NOUN
cjfa-28100	301	66	index	index	NOUN
cjfa-28100	301	67	return	return	NOUN
cjfa-28100	301	68	after	after	ADP
cjfa-28100	301	69	the	the	DET
cjfa-28100	301	70	meltdown	meltdown	NOUN
cjfa-28100	301	71	under	under	ADP
cjfa-28100	301	72	the	the	DET
cjfa-28100	301	73	three	three	NUM
cjfa-28100	301	74	(	(	PUNCT
cjfa-28100	301	75	3	3	NUM
cjfa-28100	301	76	)	)	PUNCT
cjfa-28100	301	77	distributional	distributional	ADJ
cjfa-28100	301	78	assumptions	assumption	NOUN
cjfa-28100	301	79	.	.	PUNCT
cjfa-28100	302	1	table	table	NOUN
cjfa-28100	302	2	7	7	NUM
cjfa-28100	302	3	.	.	PUNCT
cjfa-28100	303	1	mean	mean	ADJ
cjfa-28100	303	2	reversion	reversion	NOUN
cjfa-28100	303	3	and	and	CCONJ
cjfa-28100	303	4	half	half	ADJ
cjfa-28100	303	5	-	-	PUNCT
cjfa-28100	303	6	life	life	NOUN
cjfa-28100	303	7	estimate	estimate	NOUN
cjfa-28100	303	8	for	for	ADP
cjfa-28100	303	9	all	all	DET
cjfa-28100	303	10	share	share	NOUN
cjfa-28100	303	11	index	index	NOUN
cjfa-28100	303	12	return	return	NOUN
cjfa-28100	303	13	(	(	PUNCT
cjfa-28100	303	14	jan.2001	jan.2001	NOUN
cjfa-28100	303	15	–	–	PUNCT
cjfa-28100	303	16	dec.2016	dec.2016	NUM
cjfa-28100	303	17	)	)	PUNCT
cjfa-28100	303	18	parameters	parameter	NOUN
cjfa-28100	303	19	gausian	gausian	NOUN
cjfa-28100	303	20	distribution	distribution	NOUN
cjfa-28100	303	21	estimates	estimate	VERB
cjfa-28100	303	22	student’s	student’s	NOUN
cjfa-28100	303	23	-	-	PUNCT
cjfa-28100	303	24	t	t	NOUN
cjfa-28100	303	25	distribution	distribution	NOUN
cjfa-28100	303	26	estimates	estimate	NOUN
cjfa-28100	303	27	generalised	generalise	VERB
cjfa-28100	303	28	error	error	NOUN
cjfa-28100	303	29	distribution	distribution	NOUN
cjfa-28100	303	30	estimates	estimate	VERB
cjfa-28100	303	31	α	α	PRON
cjfa-28100	303	32	0.209177	0.209177	NUM
cjfa-28100	303	33	0.306950	0.306950	NUM
cjfa-28100	303	34	0.257695	0.257695	NUM
cjfa-28100	303	35	β	β	SYM
cjfa-28100	303	36	0.731140	0.731140	NUM
cjfa-28100	303	37	0.626216	0.626216	NUM
cjfa-28100	303	38	0.669422	0.669422	NUM
cjfa-28100	303	39	total	total	NOUN
cjfa-28100	303	40	0.940317	0.940317	NUM
cjfa-28100	303	41	0.933166	0.933166	NUM
cjfa-28100	303	42	0.927117	0.927117	NUM
cjfa-28100	303	43	half	half	ADJ
cjfa-28100	303	44	-	-	PUNCT
cjfa-28100	303	45	life	life	NOUN
cjfa-28100	303	46	estimate	estimate	NOUN
cjfa-28100	303	47	11.26368	11.26368	NUM
cjfa-28100	303	48	10.02061	10.02061	NUM
cjfa-28100	303	49	9.159465	9.159465	NUM
cjfa-28100	303	50	aic	aic	PROPN
cjfa-28100	303	51	-4.346110	-4.346110	PROPN
cjfa-28100	303	52	-4.423912	-4.423912	PROPN
cjfa-28100	303	53	-4.420061	-4.420061	PROPN
cjfa-28100	304	1	sc	sc	PROPN
cjfa-28100	304	2	-4.317776	-4.317776	PROPN
cjfa-28100	304	3	-4.389911	-4.389911	PROPN
cjfa-28100	304	4	-4.386059	-4.386059	PROPN
cjfa-28100	304	5	hq	hq	PROPN
cjfa-28100	304	6	-4.335247	-4.335247	PROPN
cjfa-28100	304	7	-4.410876	-4.410876	PUNCT
cjfa-28100	305	1	-4.407025	-4.407025	PROPN
cjfa-28100	305	2	s	s	PART
cjfa-28100	306	1	o	o	X
cjfa-28100	306	2	u	u	NOUN
cjfa-28100	306	3	r	r	NOUN
cjfa-28100	306	4	c	c	NOUN
cjfa-28100	306	5	e	e	NOUN
cjfa-28100	306	6	:	:	PUNCT
cjfa-28100	306	7	author	author	PROPN
cjfa-28100	306	8	’s	’s	PART
cjfa-28100	306	9	computations	computation	NOUN
cjfa-28100	306	10	,	,	PUNCT
cjfa-28100	306	11	2018	2018	NUM
cjfa-28100	306	12	.	.	PUNCT
cjfa-28100	307	1	the	the	DET
cjfa-28100	307	2	sum	sum	NOUN
cjfa-28100	307	3	of	of	ADP
cjfa-28100	307	4	arch	arch	ADJ
cjfa-28100	307	5	and	and	CCONJ
cjfa-28100	307	6	garch	garch	NOUN
cjfa-28100	307	7	terms	term	NOUN
cjfa-28100	307	8	presented	present	VERB
cjfa-28100	307	9	in	in	ADP
cjfa-28100	307	10	table	table	NOUN
cjfa-28100	307	11	7	7	NUM
cjfa-28100	307	12	are	be	AUX
cjfa-28100	307	13	0.9403	0.9403	NUM
cjfa-28100	307	14	,	,	PUNCT
cjfa-28100	307	15	0.9332	0.9332	NUM
cjfa-28100	307	16	and	and	CCONJ
cjfa-28100	307	17	0.9271	0.9271	NUM
cjfa-28100	307	18	(	(	PUNCT
cjfa-28100	307	19	volatility	volatility	NOUN
cjfa-28100	307	20	is	be	AUX
cjfa-28100	307	21	highly	highly	ADV
cjfa-28100	307	22	persistent	persistent	ADJ
cjfa-28100	307	23	and	and	CCONJ
cjfa-28100	307	24	dying	die	VERB
cjfa-28100	307	25	very	very	ADV
cjfa-28100	307	26	slowly	slowly	ADV
cjfa-28100	307	27	)	)	PUNCT
cjfa-28100	307	28	under	under	ADP
cjfa-28100	307	29	the	the	DET
cjfa-28100	307	30	three	three	NUM
cjfa-28100	307	31	(	(	PUNCT
cjfa-28100	307	32	3	3	NUM
cjfa-28100	307	33	)	)	PUNCT
cjfa-28100	307	34	distributional	distributional	ADJ
cjfa-28100	307	35	assumptions	assumption	NOUN
cjfa-28100	307	36	and	and	CCONJ
cjfa-28100	307	37	are	be	AUX
cjfa-28100	307	38	close	close	ADJ
cjfa-28100	307	39	to	to	ADP
cjfa-28100	307	40	1	1	NUM
cjfa-28100	307	41	.	.	PUNCT
cjfa-28100	308	1	this	this	PRON
cjfa-28100	308	2	suggests	suggest	VERB
cjfa-28100	308	3	that	that	SCONJ
cjfa-28100	308	4	the	the	DET
cjfa-28100	308	5	all	all	DET
cjfa-28100	308	6	share	share	NOUN
cjfa-28100	308	7	index	index	NOUN
cjfa-28100	308	8	return	return	NOUN
cjfa-28100	308	9	series	series	NOUN
cjfa-28100	308	10	form	form	PROPN
cjfa-28100	308	11	jan	jan	PROPN
cjfa-28100	308	12	.	.	PROPN
cjfa-28100	308	13	2001	2001	NUM
cjfa-28100	308	14	till	till	SCONJ
cjfa-28100	308	15	dec	dec	PROPN
cjfa-28100	308	16	.	.	PROPN
cjfa-28100	308	17	2016	2016	NUM
cjfa-28100	308	18	on	on	ADP
cjfa-28100	308	19	the	the	DET
cjfa-28100	308	20	nigerian	nigerian	ADJ
cjfa-28100	308	21	stock	stock	NOUN
cjfa-28100	308	22	exchange	exchange	NOUN
cjfa-28100	308	23	do	do	AUX
cjfa-28100	308	24	not	not	PART
cjfa-28100	308	25	follow	follow	VERB
cjfa-28100	308	26	random	random	ADJ
cjfa-28100	308	27	walk	walk	NOUN
cjfa-28100	308	28	which	which	PRON
cjfa-28100	308	29	indicated	indicate	VERB
cjfa-28100	308	30	that	that	SCONJ
cjfa-28100	308	31	the	the	DET
cjfa-28100	308	32	return	return	NOUN
cjfa-28100	308	33	series	series	NOUN
cjfa-28100	308	34	is	be	AUX
cjfa-28100	308	35	mean	mean	ADV
cjfa-28100	308	36	reverting	revert	VERB
cjfa-28100	308	37	.	.	PUNCT
cjfa-28100	309	1	the	the	DET
cjfa-28100	309	2	average	average	ADJ
cjfa-28100	309	3	numbers	number	NOUN
cjfa-28100	309	4	of	of	ADP
cjfa-28100	309	5	weeks	week	NOUN
cjfa-28100	309	6	for	for	ADP
cjfa-28100	309	7	the	the	DET
cjfa-28100	309	8	volatility	volatility	NOUN
cjfa-28100	309	9	to	to	PART
cjfa-28100	309	10	revert	revert	VERB
cjfa-28100	309	11	to	to	ADP
cjfa-28100	309	12	its	its	PRON
cjfa-28100	309	13	long	long	ADJ
cjfa-28100	309	14	run	run	NOUN
cjfa-28100	309	15	level	level	NOUN
cjfa-28100	309	16	measured	measure	VERB
cjfa-28100	309	17	by	by	ADP
cjfa-28100	309	18	the	the	DET
cjfa-28100	309	19	half	half	ADJ
cjfa-28100	309	20	-	-	PUNCT
cjfa-28100	309	21	life	life	NOUN
cjfa-28100	309	22	estimate	estimate	NOUN
cjfa-28100	309	23	are	be	AUX
cjfa-28100	309	24	11	11	NUM
cjfa-28100	309	25	,	,	PUNCT
cjfa-28100	309	26	10	10	NUM
cjfa-28100	309	27	and	and	CCONJ
cjfa-28100	309	28	9	9	NUM
cjfa-28100	309	29	weeks	week	NOUN
cjfa-28100	309	30	under	under	ADP
cjfa-28100	309	31	the	the	DET
cjfa-28100	309	32	normal	normal	ADJ
cjfa-28100	309	33	,	,	PUNCT
cjfa-28100	309	34	student	student	NOUN
cjfa-28100	309	35	’s	’s	PART
cjfa-28100	309	36	t	t	PROPN
cjfa-28100	309	37	and	and	CCONJ
cjfa-28100	309	38	the	the	DET
cjfa-28100	309	39	generalized	generalize	VERB
cjfa-28100	309	40	error	error	NOUN
cjfa-28100	309	41	distributions	distribution	NOUN
cjfa-28100	309	42	assumptions	assumption	NOUN
cjfa-28100	309	43	respectively	respectively	ADV
cjfa-28100	309	44	.	.	PUNCT
cjfa-28100	310	1	the	the	DET
cjfa-28100	310	2	all	all	DET
cjfa-28100	310	3	share	share	NOUN
cjfa-28100	310	4	index	index	NOUN
cjfa-28100	310	5	returns	return	NOUN
cjfa-28100	310	6	volatility	volatility	NOUN
cjfa-28100	310	7	appears	appear	VERB
cjfa-28100	310	8	to	to	PART
cjfa-28100	310	9	have	have	VERB
cjfa-28100	310	10	quite	quite	ADV
cjfa-28100	310	11	long	long	ADJ
cjfa-28100	310	12	memory	memory	NOUN
cjfa-28100	310	13	but	but	CCONJ
cjfa-28100	310	14	it	it	PRON
cjfa-28100	310	15	is	be	AUX
cjfa-28100	310	16	still	still	ADV
cjfa-28100	310	17	mean	mean	VERB
cjfa-28100	310	18	reverting	revert	VERB
cjfa-28100	310	19	and	and	CCONJ
cjfa-28100	310	20	that	that	SCONJ
cjfa-28100	310	21	new	new	ADJ
cjfa-28100	310	22	shock	shock	NOUN
cjfa-28100	310	23	will	will	AUX
cjfa-28100	310	24	impact	impact	VERB
cjfa-28100	310	25	on	on	ADP
cjfa-28100	310	26	return	return	NOUN
cjfa-28100	310	27	for	for	ADP
cjfa-28100	310	28	the	the	DET
cjfa-28100	310	29	period	period	NOUN
cjfa-28100	310	30	of	of	ADP
cjfa-28100	310	31	11	11	NUM
cjfa-28100	310	32	,	,	PUNCT
cjfa-28100	310	33	10	10	NUM
cjfa-28100	310	34	or	or	CCONJ
cjfa-28100	310	35	9	9	NUM
cjfa-28100	310	36	weeks	week	NOUN
cjfa-28100	310	37	depending	depend	VERB
cjfa-28100	310	38	on	on	ADP
cjfa-28100	310	39	the	the	DET
cjfa-28100	310	40	distributional	distributional	ADJ
cjfa-28100	310	41	assumption	assumption	NOUN
cjfa-28100	310	42	used	use	VERB
cjfa-28100	310	43	by	by	ADP
cjfa-28100	310	44	investor	investor	NOUN
cjfa-28100	310	45	.	.	PUNCT
cjfa-28100	311	1	the	the	DET
cjfa-28100	311	2	student	student	NOUN
cjfa-28100	311	3	’s	’s	PART
cjfa-28100	311	4	t	t	NOUN
cjfa-28100	311	5	distribution	distribution	NOUN
cjfa-28100	311	6	estimates	estimate	NOUN
cjfa-28100	311	7	appears	appear	VERB
cjfa-28100	311	8	to	to	PART
cjfa-28100	311	9	have	have	VERB
cjfa-28100	311	10	the	the	DET
cjfa-28100	311	11	lowest	low	ADJ
cjfa-28100	311	12	values	value	NOUN
cjfa-28100	311	13	among	among	ADP
cjfa-28100	311	14	the	the	DET
cjfa-28100	311	15	model	model	NOUN
cjfa-28100	311	16	selection	selection	NOUN
cjfa-28100	311	17	criterions	criterion	NOUN
cjfa-28100	311	18	.	.	PUNCT
cjfa-28100	312	1	this	this	PRON
cjfa-28100	312	2	suggests	suggest	VERB
cjfa-28100	312	3	that	that	SCONJ
cjfa-28100	312	4	the	the	DET
cjfa-28100	312	5	estimates	estimate	NOUN
cjfa-28100	312	6	under	under	ADP
cjfa-28100	312	7	the	the	DET
cjfa-28100	312	8	student	student	NOUN
cjfa-28100	312	9	’s	’s	PART
cjfa-28100	312	10	t	t	PROPN
cjfa-28100	312	11	provides	provide	VERB
cjfa-28100	312	12	the	the	DET
cjfa-28100	312	13	best	good	ADJ
cjfa-28100	312	14	prediction	prediction	NOUN
cjfa-28100	312	15	on	on	ADP
cjfa-28100	312	16	the	the	DET
cjfa-28100	312	17	magnitude	magnitude	NOUN
cjfa-28100	312	18	of	of	ADP
cjfa-28100	312	19	volatility	volatility	NOUN
cjfa-28100	312	20	persistence	persistence	NOUN
cjfa-28100	312	21	in	in	ADP
cjfa-28100	312	22	all	all	DET
cjfa-28100	312	23	share	share	NOUN
cjfa-28100	312	24	index	index	NOUN
cjfa-28100	312	25	return	return	NOUN
cjfa-28100	312	26	on	on	ADP
cjfa-28100	312	27	the	the	DET
cjfa-28100	312	28	nigerian	nigerian	ADJ
cjfa-28100	312	29	stock	stock	NOUN
cjfa-28100	312	30	exchange	exchange	NOUN
cjfa-28100	312	31	in	in	ADP
cjfa-28100	312	32	the	the	DET
cjfa-28100	312	33	period	period	NOUN
cjfa-28100	312	34	of	of	ADP
cjfa-28100	312	35	jan	jan	PROPN
cjfa-28100	312	36	.	.	PROPN
cjfa-28100	312	37	2001	2001	NUM
cjfa-28100	312	38	till	till	SCONJ
cjfa-28100	312	39	dec	dec	PROPN
cjfa-28100	312	40	.	.	PROPN
cjfa-28100	312	41	2016	2016	NUM
cjfa-28100	312	42	.	.	PUNCT
cjfa-28100	313	1	evaluating	evaluate	VERB
cjfa-28100	313	2	volatility	volatility	NOUN
cjfa-28100	313	3	persistence	persistence	NOUN
cjfa-28100	313	4	of	of	ADP
cjfa-28100	313	5	stock	stock	NOUN
cjfa-28100	313	6	return	return	NOUN
cjfa-28100	313	7	…	…	PUNCT
cjfa-28100	313	8	87	87	NUM
cjfa-28100	313	9	table	table	NOUN
cjfa-28100	313	10	8	8	NUM
cjfa-28100	313	11	.	.	PUNCT
cjfa-28100	314	1	mean	mean	ADJ
cjfa-28100	314	2	reversion	reversion	NOUN
cjfa-28100	314	3	and	and	CCONJ
cjfa-28100	314	4	half	half	ADJ
cjfa-28100	314	5	-	-	PUNCT
cjfa-28100	314	6	life	life	NOUN
cjfa-28100	314	7	estimate	estimate	NOUN
cjfa-28100	314	8	for	for	ADP
cjfa-28100	314	9	all	all	DET
cjfa-28100	314	10	share	share	NOUN
cjfa-28100	314	11	index	index	NOUN
cjfa-28100	314	12	return	return	NOUN
cjfa-28100	314	13	before	before	SCONJ
cjfa-28100	314	14	the	the	DET
cjfa-28100	314	15	meltdown	meltdown	NOUN
cjfa-28100	314	16	parameters	parameter	NOUN
cjfa-28100	314	17	gausian	gausian	NOUN
cjfa-28100	314	18	distribution	distribution	NOUN
cjfa-28100	314	19	estimates	estimate	VERB
cjfa-28100	314	20	student’s	student’s	NOUN
cjfa-28100	314	21	-	-	PUNCT
cjfa-28100	314	22	t	t	NOUN
cjfa-28100	314	23	distribution	distribution	NOUN
cjfa-28100	314	24	estimates	estimate	NOUN
cjfa-28100	314	25	generalised	generalise	VERB
cjfa-28100	314	26	error	error	NOUN
cjfa-28100	314	27	distribution	distribution	NOUN
cjfa-28100	314	28	estimates	estimate	VERB
cjfa-28100	314	29	α	α	NOUN
cjfa-28100	314	30	0.275426	0.275426	NUM
cjfa-28100	314	31	0.362653	0.362653	NUM
cjfa-28100	314	32	0.311980	0.311980	NUM
cjfa-28100	314	33	β	β	ADP
cjfa-28100	314	34	0.040516	0.040516	NUM
cjfa-28100	314	35	0.206215	0.206215	NUM
cjfa-28100	314	36	0.170131	0.170131	NUM
cjfa-28100	314	37	total	total	ADJ
cjfa-28100	314	38	0.315942	0.315942	NUM
cjfa-28100	314	39	0.568868	0.568868	NUM
cjfa-28100	314	40	0.482111	0.482111	NUM
cjfa-28100	314	41	half	half	ADJ
cjfa-28100	314	42	-	-	PUNCT
cjfa-28100	314	43	life	life	NOUN
cjfa-28100	314	44	estimate	estimate	NOUN
cjfa-28100	314	45	0.601588	0.601588	NUM
cjfa-28100	314	46	1.228752	1.228752	NUM
cjfa-28100	314	47	0.950062	0.950062	NUM
cjfa-28100	314	48	aic	aic	PROPN
cjfa-28100	314	49	-4.493051	-4.493051	PROPN
cjfa-28100	314	50	-4.423912	-4.423912	PROPN
cjfa-28100	314	51	-4.602665	-4.602665	PROPN
cjfa-28100	315	1	sc	sc	PROPN
cjfa-28100	315	2	-4.440692	-4.440692	PROPN
cjfa-28100	315	3	-4.389911	-4.389911	PROPN
cjfa-28100	315	4	-4.539834	-4.539834	PROPN
cjfa-28100	315	5	hq	hq	PROPN
cjfa-28100	315	6	-4.472264	-4.472264	PROPN
cjfa-28100	315	7	-4.410876	-4.410876	PROPN
cjfa-28100	316	1	-4.577721	-4.577721	PROPN
cjfa-28100	316	2	s	s	PART
cjfa-28100	317	1	o	o	NOUN
cjfa-28100	317	2	u	u	NOUN
cjfa-28100	317	3	r	r	NOUN
cjfa-28100	317	4	c	c	NOUN
cjfa-28100	317	5	e	e	NOUN
cjfa-28100	317	6	:	:	PUNCT
cjfa-28100	317	7	author	author	PROPN
cjfa-28100	317	8	’s	’s	PART
cjfa-28100	317	9	computations	computation	NOUN
cjfa-28100	317	10	,	,	PUNCT
cjfa-28100	317	11	2018	2018	NUM
cjfa-28100	317	12	.	.	PUNCT
cjfa-28100	318	1	the	the	DET
cjfa-28100	318	2	results	result	NOUN
cjfa-28100	318	3	in	in	ADP
cjfa-28100	318	4	table	table	NOUN
cjfa-28100	318	5	8	8	NUM
cjfa-28100	318	6	indicate	indicate	VERB
cjfa-28100	318	7	that	that	SCONJ
cjfa-28100	318	8	the	the	DET
cjfa-28100	318	9	volatility	volatility	NOUN
cjfa-28100	318	10	of	of	ADP
cjfa-28100	318	11	all	all	DET
cjfa-28100	318	12	share	share	NOUN
cjfa-28100	318	13	index	index	NOUN
cjfa-28100	318	14	returns	return	NOUN
cjfa-28100	318	15	is	be	AUX
cjfa-28100	318	16	of	of	ADP
cjfa-28100	318	17	low	low	ADJ
cjfa-28100	318	18	persistent	persistent	ADJ
cjfa-28100	318	19	(	(	PUNCT
cjfa-28100	318	20	symptomatic	symptomatic	ADJ
cjfa-28100	318	21	of	of	ADP
cjfa-28100	318	22	response	response	NOUN
cjfa-28100	318	23	function	function	NOUN
cjfa-28100	318	24	to	to	PART
cjfa-28100	318	25	shock	shock	VERB
cjfa-28100	318	26	dying	die	VERB
cjfa-28100	318	27	very	very	ADV
cjfa-28100	318	28	fast	fast	ADV
cjfa-28100	318	29	)	)	PUNCT
cjfa-28100	318	30	,	,	PUNCT
cjfa-28100	318	31	with	with	ADP
cjfa-28100	318	32	the	the	DET
cjfa-28100	318	33	sum	sum	NOUN
cjfa-28100	318	34	of	of	ADP
cjfa-28100	318	35	arch	arch	ADJ
cjfa-28100	318	36	and	and	CCONJ
cjfa-28100	318	37	garch	garch	NOUN
cjfa-28100	318	38	terms	term	NOUN
cjfa-28100	318	39	being	be	AUX
cjfa-28100	318	40	0.3159	0.3159	NUM
cjfa-28100	318	41	,	,	PUNCT
cjfa-28100	318	42	0.5689	0.5689	NUM
cjfa-28100	318	43	and	and	CCONJ
cjfa-28100	318	44	0.4821	0.4821	NUM
cjfa-28100	318	45	.	.	PUNCT
cjfa-28100	319	1	the	the	DET
cjfa-28100	319	2	average	average	ADJ
cjfa-28100	319	3	numbers	number	NOUN
cjfa-28100	319	4	of	of	ADP
cjfa-28100	319	5	weeks	week	NOUN
cjfa-28100	319	6	for	for	ADP
cjfa-28100	319	7	the	the	DET
cjfa-28100	319	8	volatility	volatility	NOUN
cjfa-28100	319	9	to	to	PART
cjfa-28100	319	10	revert	revert	VERB
cjfa-28100	319	11	to	to	ADP
cjfa-28100	319	12	its	its	PRON
cjfa-28100	319	13	long	long	ADJ
cjfa-28100	319	14	run	run	NOUN
cjfa-28100	319	15	level	level	NOUN
cjfa-28100	319	16	measured	measure	VERB
cjfa-28100	319	17	by	by	ADP
cjfa-28100	319	18	the	the	DET
cjfa-28100	319	19	half	half	ADJ
cjfa-28100	319	20	-	-	PUNCT
cjfa-28100	319	21	life	life	NOUN
cjfa-28100	319	22	estimate	estimate	NOUN
cjfa-28100	319	23	is	be	AUX
cjfa-28100	319	24	one	one	NUM
cjfa-28100	319	25	(	(	PUNCT
cjfa-28100	319	26	1	1	NUM
cjfa-28100	319	27	)	)	PUNCT
cjfa-28100	319	28	week	week	NOUN
cjfa-28100	319	29	under	under	ADP
cjfa-28100	319	30	the	the	DET
cjfa-28100	319	31	three	three	NUM
cjfa-28100	319	32	(	(	PUNCT
cjfa-28100	319	33	3	3	NUM
cjfa-28100	319	34	)	)	PUNCT
cjfa-28100	319	35	distributional	distributional	ADJ
cjfa-28100	319	36	assumptions	assumption	NOUN
cjfa-28100	319	37	.	.	PUNCT
cjfa-28100	320	1	the	the	DET
cjfa-28100	320	2	all	all	DET
cjfa-28100	320	3	share	share	NOUN
cjfa-28100	320	4	index	index	NOUN
cjfa-28100	320	5	returns	return	VERB
cjfa-28100	320	6	volatility	volatility	NOUN
cjfa-28100	320	7	on	on	ADP
cjfa-28100	320	8	the	the	DET
cjfa-28100	320	9	nigerian	nigerian	ADJ
cjfa-28100	320	10	stock	stock	NOUN
cjfa-28100	320	11	exchange	exchange	NOUN
cjfa-28100	320	12	before	before	SCONJ
cjfa-28100	320	13	the	the	DET
cjfa-28100	320	14	meltdown	meltdown	NOUN
cjfa-28100	320	15	appears	appear	VERB
cjfa-28100	320	16	to	to	PART
cjfa-28100	320	17	have	have	VERB
cjfa-28100	320	18	short	short	ADJ
cjfa-28100	320	19	memory	memory	NOUN
cjfa-28100	320	20	and	and	CCONJ
cjfa-28100	320	21	still	still	ADV
cjfa-28100	320	22	mean	mean	VERB
cjfa-28100	320	23	reverting	revert	VERB
cjfa-28100	320	24	since	since	SCONJ
cjfa-28100	320	25	sum	sum	NOUN
cjfa-28100	320	26	of	of	ADP
cjfa-28100	320	27	α	α	PROPN
cjfa-28100	320	28	+	+	X
cjfa-28100	320	29	β	β	NOUN
cjfa-28100	320	30	is	be	AUX
cjfa-28100	320	31	significantly	significantly	ADV
cjfa-28100	320	32	less	less	ADJ
cjfa-28100	320	33	than	than	ADP
cjfa-28100	320	34	one	one	NUM
cjfa-28100	320	35	.	.	PUNCT
cjfa-28100	321	1	this	this	PRON
cjfa-28100	321	2	implied	imply	VERB
cjfa-28100	321	3	that	that	SCONJ
cjfa-28100	321	4	it	it	PRON
cjfa-28100	321	5	takes	take	VERB
cjfa-28100	321	6	a	a	DET
cjfa-28100	321	7	short	short	ADJ
cjfa-28100	321	8	time	time	NOUN
cjfa-28100	321	9	(	(	PUNCT
cjfa-28100	321	10	1	1	NUM
cjfa-28100	321	11	week	week	NOUN
cjfa-28100	321	12	)	)	PUNCT
cjfa-28100	321	13	for	for	ADP
cjfa-28100	321	14	the	the	DET
cjfa-28100	321	15	all	all	DET
cjfa-28100	321	16	share	share	NOUN
cjfa-28100	321	17	index	index	NOUN
cjfa-28100	321	18	return	return	NOUN
cjfa-28100	321	19	volatility	volatility	NOUN
cjfa-28100	321	20	on	on	ADP
cjfa-28100	321	21	the	the	DET
cjfa-28100	321	22	nigerian	nigerian	ADJ
cjfa-28100	321	23	stock	stock	NOUN
cjfa-28100	321	24	exchange	exchange	NOUN
cjfa-28100	321	25	before	before	SCONJ
cjfa-28100	321	26	the	the	DET
cjfa-28100	321	27	meltdown	meltdown	NOUN
cjfa-28100	321	28	to	to	PART
cjfa-28100	321	29	return	return	VERB
cjfa-28100	321	30	to	to	ADP
cjfa-28100	321	31	its	its	PRON
cjfa-28100	321	32	mean	mean	NOUN
cjfa-28100	321	33	.	.	PUNCT
cjfa-28100	321	34	indicating	indicate	VERB
cjfa-28100	321	35	that	that	SCONJ
cjfa-28100	321	36	all	all	DET
cjfa-28100	321	37	share	share	NOUN
cjfa-28100	321	38	index	index	NOUN
cjfa-28100	321	39	return	return	NOUN
cjfa-28100	321	40	do	do	AUX
cjfa-28100	321	41	not	not	PART
cjfa-28100	321	42	follow	follow	VERB
cjfa-28100	321	43	random	random	ADJ
cjfa-28100	321	44	walk	walk	NOUN
cjfa-28100	321	45	and	and	CCONJ
cjfa-28100	321	46	new	new	ADJ
cjfa-28100	321	47	shock	shock	NOUN
cjfa-28100	321	48	impacted	impact	VERB
cjfa-28100	321	49	on	on	ADP
cjfa-28100	321	50	return	return	NOUN
cjfa-28100	321	51	for	for	ADP
cjfa-28100	321	52	a	a	DET
cjfa-28100	321	53	short	short	ADJ
cjfa-28100	321	54	period	period	NOUN
cjfa-28100	321	55	of	of	ADP
cjfa-28100	321	56	1	1	NUM
cjfa-28100	321	57	week	week	NOUN
cjfa-28100	321	58	on	on	ADP
cjfa-28100	321	59	the	the	DET
cjfa-28100	321	60	nigeria	nigeria	PROPN
cjfa-28100	321	61	stock	stock	PROPN
cjfa-28100	321	62	exchange	exchange	PROPN
cjfa-28100	321	63	before	before	ADP
cjfa-28100	321	64	the	the	DET
cjfa-28100	321	65	meltdown	meltdown	NOUN
cjfa-28100	321	66	.	.	PUNCT
cjfa-28100	322	1	the	the	DET
cjfa-28100	322	2	generalized	generalize	VERB
cjfa-28100	322	3	error	error	NOUN
cjfa-28100	322	4	distribution	distribution	NOUN
cjfa-28100	322	5	estimates	estimate	NOUN
cjfa-28100	322	6	appears	appear	VERB
cjfa-28100	322	7	to	to	PART
cjfa-28100	322	8	have	have	VERB
cjfa-28100	322	9	the	the	DET
cjfa-28100	322	10	lowest	low	ADJ
cjfa-28100	322	11	values	value	NOUN
cjfa-28100	322	12	among	among	ADP
cjfa-28100	322	13	the	the	DET
cjfa-28100	322	14	model	model	NOUN
cjfa-28100	322	15	selection	selection	NOUN
cjfa-28100	322	16	criterions	criterion	NOUN
cjfa-28100	322	17	.	.	PUNCT
cjfa-28100	323	1	this	this	PRON
cjfa-28100	323	2	suggests	suggest	VERB
cjfa-28100	323	3	that	that	SCONJ
cjfa-28100	323	4	the	the	DET
cjfa-28100	323	5	estimates	estimate	NOUN
cjfa-28100	323	6	under	under	ADP
cjfa-28100	323	7	the	the	DET
cjfa-28100	323	8	generalized	generalize	VERB
cjfa-28100	323	9	error	error	NOUN
cjfa-28100	323	10	distribution	distribution	NOUN
cjfa-28100	323	11	provides	provide	VERB
cjfa-28100	323	12	the	the	DET
cjfa-28100	323	13	best	good	ADJ
cjfa-28100	323	14	prediction	prediction	NOUN
cjfa-28100	323	15	on	on	ADP
cjfa-28100	323	16	the	the	DET
cjfa-28100	323	17	magnitude	magnitude	NOUN
cjfa-28100	323	18	of	of	ADP
cjfa-28100	323	19	volatility	volatility	NOUN
cjfa-28100	323	20	persistence	persistence	NOUN
cjfa-28100	323	21	in	in	ADP
cjfa-28100	323	22	all	all	DET
cjfa-28100	323	23	share	share	NOUN
cjfa-28100	323	24	index	index	NOUN
cjfa-28100	323	25	return	return	NOUN
cjfa-28100	323	26	on	on	ADP
cjfa-28100	323	27	the	the	DET
cjfa-28100	323	28	nigerian	nigerian	ADJ
cjfa-28100	323	29	stock	stock	NOUN
cjfa-28100	323	30	exchange	exchange	NOUN
cjfa-28100	323	31	before	before	ADP
cjfa-28100	323	32	the	the	DET
cjfa-28100	323	33	meltdown	meltdown	NOUN
cjfa-28100	323	34	.	.	PUNCT
cjfa-28100	324	1	kamaldeen	kamaldeen	VERB
cjfa-28100	324	2	ibraheem	ibraheem	ADJ
cjfa-28100	324	3	nageri88	nageri88	PROPN
cjfa-28100	324	4	table	table	NOUN
cjfa-28100	324	5	9	9	NUM
cjfa-28100	324	6	.	.	PUNCT
cjfa-28100	325	1	mean	mean	ADJ
cjfa-28100	325	2	reversion	reversion	NOUN
cjfa-28100	325	3	and	and	CCONJ
cjfa-28100	325	4	half	half	ADJ
cjfa-28100	325	5	-	-	PUNCT
cjfa-28100	325	6	life	life	NOUN
cjfa-28100	325	7	estimate	estimate	NOUN
cjfa-28100	325	8	for	for	ADP
cjfa-28100	325	9	all	all	DET
cjfa-28100	325	10	share	share	NOUN
cjfa-28100	325	11	index	index	NOUN
cjfa-28100	325	12	return	return	NOUN
cjfa-28100	325	13	after	after	SCONJ
cjfa-28100	325	14	the	the	DET
cjfa-28100	325	15	meltdown	meltdown	NOUN
cjfa-28100	325	16	parameters	parameter	NOUN
cjfa-28100	325	17	gausian	gausian	NOUN
cjfa-28100	325	18	distribution	distribution	NOUN
cjfa-28100	325	19	estimates	estimate	VERB
cjfa-28100	325	20	student’s	student’s	NOUN
cjfa-28100	325	21	-	-	PUNCT
cjfa-28100	325	22	t	t	NOUN
cjfa-28100	325	23	distribution	distribution	NOUN
cjfa-28100	325	24	estimates	estimate	NOUN
cjfa-28100	325	25	generalised	generalise	VERB
cjfa-28100	325	26	error	error	NOUN
cjfa-28100	325	27	distribution	distribution	NOUN
cjfa-28100	325	28	estimates	estimate	VERB
cjfa-28100	325	29	α	α	PRON
cjfa-28100	325	30	0.263188	0.263188	NUM
cjfa-28100	325	31	0.251813	0.251813	NUM
cjfa-28100	325	32	0.251136	0.251136	NUM
cjfa-28100	325	33	β	β	ADP
cjfa-28100	325	34	0.651247	0.651247	NUM
cjfa-28100	325	35	0.656755	0.656755	NUM
cjfa-28100	325	36	0.655032	0.655032	NUM
cjfa-28100	325	37	total	total	ADJ
cjfa-28100	325	38	0.914435	0.914435	NUM
cjfa-28100	325	39	0.908568	0.908568	NUM
cjfa-28100	325	40	0.906168	0.906168	NUM
cjfa-28100	325	41	half	half	ADJ
cjfa-28100	325	42	-	-	PUNCT
cjfa-28100	325	43	life	life	NOUN
cjfa-28100	325	44	estimate	estimate	NOUN
cjfa-28100	325	45	7.749086	7.749086	NUM
cjfa-28100	325	46	7.228902	7.228902	NUM
cjfa-28100	325	47	7.034845	7.034845	NUM
cjfa-28100	325	48	aic	aic	PROPN
cjfa-28100	325	49	-4.432640	-4.432640	PROPN
cjfa-28100	325	50	-4.470225	-4.470225	PROPN
cjfa-28100	325	51	-4.470240	-4.470240	PUNCT
cjfa-28100	326	1	sc	sc	PROPN
cjfa-28100	326	2	-4.382933	-4.382933	PROPN
cjfa-28100	326	3	-4.410577	-4.410577	PROPN
cjfa-28100	326	4	-4.410591	-4.410591	PROPN
cjfa-28100	326	5	hq	hq	PROPN
cjfa-28100	326	6	-4.412959	-4.412959	NOUN
cjfa-28100	326	7	-4.446609	-4.446609	VERB
cjfa-28100	327	1	-4.446623	-4.446623	PRON
cjfa-28100	327	2	s	s	PART
cjfa-28100	328	1	o	o	X
cjfa-28100	328	2	u	u	NOUN
cjfa-28100	328	3	r	r	NOUN
cjfa-28100	328	4	c	c	NOUN
cjfa-28100	328	5	e	e	NOUN
cjfa-28100	328	6	:	:	PUNCT
cjfa-28100	328	7	author	author	PROPN
cjfa-28100	328	8	’s	’s	PART
cjfa-28100	328	9	computations	computation	NOUN
cjfa-28100	328	10	,	,	PUNCT
cjfa-28100	328	11	2018	2018	NUM
cjfa-28100	328	12	.	.	PUNCT
cjfa-28100	329	1	table	table	NOUN
cjfa-28100	329	2	9	9	NUM
cjfa-28100	329	3	shows	show	VERB
cjfa-28100	329	4	the	the	DET
cjfa-28100	329	5	sum	sum	NOUN
cjfa-28100	329	6	of	of	ADP
cjfa-28100	329	7	the	the	DET
cjfa-28100	329	8	estimated	estimate	VERB
cjfa-28100	329	9	arch	arch	NOUN
cjfa-28100	329	10	and	and	CCONJ
cjfa-28100	329	11	garch	garch	NOUN
cjfa-28100	329	12	coefficients	coefficient	NOUN
cjfa-28100	329	13	(	(	PUNCT
cjfa-28100	329	14	persistence	persistence	NOUN
cjfa-28100	329	15	coefficients	coefficient	NOUN
cjfa-28100	329	16	)	)	PUNCT
cjfa-28100	329	17	for	for	ADP
cjfa-28100	329	18	the	the	DET
cjfa-28100	329	19	three	three	NUM
cjfa-28100	329	20	(	(	PUNCT
cjfa-28100	329	21	3	3	NUM
cjfa-28100	329	22	)	)	PUNCT
cjfa-28100	329	23	distributional	distributional	ADJ
cjfa-28100	329	24	assumptions	assumption	NOUN
cjfa-28100	329	25	as	as	ADP
cjfa-28100	329	26	0.9144	0.9144	NUM
cjfa-28100	329	27	,	,	PUNCT
cjfa-28100	329	28	0.9086	0.9086	NUM
cjfa-28100	329	29	and	and	CCONJ
cjfa-28100	329	30	0.9067	0.9067	NUM
cjfa-28100	329	31	which	which	PRON
cjfa-28100	329	32	is	be	AUX
cjfa-28100	329	33	symptomatic	symptomatic	ADJ
cjfa-28100	329	34	of	of	ADP
cjfa-28100	329	35	response	response	NOUN
cjfa-28100	329	36	function	function	NOUN
cjfa-28100	329	37	to	to	PART
cjfa-28100	329	38	shock	shock	VERB
cjfa-28100	329	39	dying	die	VERB
cjfa-28100	329	40	very	very	ADV
cjfa-28100	329	41	slowly	slowly	ADV
cjfa-28100	329	42	(	(	PUNCT
cjfa-28100	329	43	volatility	volatility	NOUN
cjfa-28100	329	44	is	be	AUX
cjfa-28100	329	45	highly	highly	ADV
cjfa-28100	329	46	persistent	persistent	ADJ
cjfa-28100	329	47	)	)	PUNCT
cjfa-28100	329	48	.	.	PUNCT
cjfa-28100	330	1	this	this	PRON
cjfa-28100	330	2	suggested	suggest	VERB
cjfa-28100	330	3	that	that	SCONJ
cjfa-28100	330	4	the	the	DET
cjfa-28100	330	5	all	all	DET
cjfa-28100	330	6	share	share	NOUN
cjfa-28100	330	7	index	index	NOUN
cjfa-28100	330	8	return	return	NOUN
cjfa-28100	330	9	series	series	NOUN
cjfa-28100	330	10	on	on	ADP
cjfa-28100	330	11	the	the	DET
cjfa-28100	330	12	nigerian	nigerian	ADJ
cjfa-28100	330	13	stock	stock	NOUN
cjfa-28100	330	14	exchange	exchange	NOUN
cjfa-28100	330	15	after	after	SCONJ
cjfa-28100	330	16	the	the	DET
cjfa-28100	330	17	meltdown	meltdown	NOUN
cjfa-28100	330	18	do	do	AUX
cjfa-28100	330	19	not	not	PART
cjfa-28100	330	20	follow	follow	VERB
cjfa-28100	330	21	random	random	ADJ
cjfa-28100	330	22	walk	walk	NOUN
cjfa-28100	330	23	which	which	PRON
cjfa-28100	330	24	indicated	indicate	VERB
cjfa-28100	330	25	that	that	SCONJ
cjfa-28100	330	26	the	the	DET
cjfa-28100	330	27	return	return	NOUN
cjfa-28100	330	28	series	series	NOUN
cjfa-28100	330	29	is	be	AUX
cjfa-28100	330	30	mean	mean	ADV
cjfa-28100	330	31	reverting	revert	VERB
cjfa-28100	330	32	.	.	PUNCT
cjfa-28100	331	1	the	the	DET
cjfa-28100	331	2	volatility	volatility	NOUN
cjfa-28100	331	3	half	half	ADJ
cjfa-28100	331	4	-	-	PUNCT
cjfa-28100	331	5	life	life	NOUN
cjfa-28100	331	6	estimate	estimate	NOUN
cjfa-28100	331	7	is	be	AUX
cjfa-28100	331	8	8	8	NUM
cjfa-28100	331	9	weeks	week	NOUN
cjfa-28100	331	10	under	under	ADP
cjfa-28100	331	11	the	the	DET
cjfa-28100	331	12	normal	normal	ADJ
cjfa-28100	331	13	distribution	distribution	NOUN
cjfa-28100	331	14	and	and	CCONJ
cjfa-28100	331	15	7	7	NUM
cjfa-28100	331	16	weeks	week	NOUN
cjfa-28100	331	17	under	under	ADP
cjfa-28100	331	18	the	the	DET
cjfa-28100	331	19	student	student	NOUN
cjfa-28100	331	20	’s	’s	PART
cjfa-28100	331	21	t	t	PROPN
cjfa-28100	331	22	and	and	CCONJ
cjfa-28100	331	23	the	the	DET
cjfa-28100	331	24	generalized	generalize	VERB
cjfa-28100	331	25	error	error	NOUN
cjfa-28100	331	26	distributions	distribution	NOUN
cjfa-28100	331	27	assumptions	assumption	NOUN
cjfa-28100	331	28	.	.	PUNCT
cjfa-28100	332	1	the	the	DET
cjfa-28100	332	2	returns	return	NOUN
cjfa-28100	332	3	volatility	volatility	NOUN
cjfa-28100	332	4	appears	appear	VERB
cjfa-28100	332	5	to	to	PART
cjfa-28100	332	6	have	have	VERB
cjfa-28100	332	7	long	long	ADJ
cjfa-28100	332	8	memory	memory	NOUN
cjfa-28100	332	9	but	but	CCONJ
cjfa-28100	332	10	it	it	PRON
cjfa-28100	332	11	is	be	AUX
cjfa-28100	332	12	still	still	ADV
cjfa-28100	332	13	mean	mean	VERB
cjfa-28100	332	14	reverting	revert	VERB
cjfa-28100	332	15	such	such	ADJ
cjfa-28100	332	16	that	that	SCONJ
cjfa-28100	332	17	new	new	ADJ
cjfa-28100	332	18	shock	shock	NOUN
cjfa-28100	332	19	will	will	AUX
cjfa-28100	332	20	impact	impact	VERB
cjfa-28100	332	21	the	the	DET
cjfa-28100	332	22	all	all	DET
cjfa-28100	332	23	share	share	NOUN
cjfa-28100	332	24	index	index	NOUN
cjfa-28100	332	25	return	return	NOUN
cjfa-28100	332	26	on	on	ADP
cjfa-28100	332	27	the	the	DET
cjfa-28100	332	28	nigeria	nigeria	PROPN
cjfa-28100	332	29	stock	stock	PROPN
cjfa-28100	332	30	exchange	exchange	PROPN
cjfa-28100	332	31	for	for	ADP
cjfa-28100	332	32	the	the	DET
cjfa-28100	332	33	period	period	NOUN
cjfa-28100	332	34	of	of	ADP
cjfa-28100	332	35	7	7	NUM
cjfa-28100	332	36	to	to	PART
cjfa-28100	332	37	8	8	NUM
cjfa-28100	332	38	weeks	week	NOUN
cjfa-28100	332	39	after	after	ADP
cjfa-28100	332	40	the	the	DET
cjfa-28100	332	41	meltdown	meltdown	NOUN
cjfa-28100	332	42	depending	depend	VERB
cjfa-28100	332	43	on	on	ADP
cjfa-28100	332	44	the	the	DET
cjfa-28100	332	45	distributional	distributional	ADJ
cjfa-28100	332	46	assumption	assumption	NOUN
cjfa-28100	332	47	used	use	VERB
cjfa-28100	332	48	by	by	ADP
cjfa-28100	332	49	investor	investor	NOUN
cjfa-28100	332	50	.	.	PUNCT
cjfa-28100	333	1	the	the	DET
cjfa-28100	333	2	generalized	generalize	VERB
cjfa-28100	333	3	error	error	NOUN
cjfa-28100	333	4	distribution	distribution	NOUN
cjfa-28100	333	5	estimates	estimate	NOUN
cjfa-28100	333	6	appears	appear	VERB
cjfa-28100	333	7	to	to	PART
cjfa-28100	333	8	have	have	VERB
cjfa-28100	333	9	the	the	DET
cjfa-28100	333	10	lowest	low	ADJ
cjfa-28100	333	11	values	value	NOUN
cjfa-28100	333	12	among	among	ADP
cjfa-28100	333	13	the	the	DET
cjfa-28100	333	14	model	model	NOUN
cjfa-28100	333	15	selection	selection	NOUN
cjfa-28100	333	16	criterions	criterion	NOUN
cjfa-28100	333	17	.	.	PUNCT
cjfa-28100	334	1	this	this	PRON
cjfa-28100	334	2	suggests	suggest	VERB
cjfa-28100	334	3	that	that	SCONJ
cjfa-28100	334	4	the	the	DET
cjfa-28100	334	5	estimates	estimate	NOUN
cjfa-28100	334	6	under	under	ADP
cjfa-28100	334	7	the	the	DET
cjfa-28100	334	8	generalized	generalize	VERB
cjfa-28100	334	9	error	error	NOUN
cjfa-28100	334	10	distribution	distribution	NOUN
cjfa-28100	334	11	provides	provide	VERB
cjfa-28100	334	12	the	the	DET
cjfa-28100	334	13	best	good	ADJ
cjfa-28100	334	14	prediction	prediction	NOUN
cjfa-28100	334	15	on	on	ADP
cjfa-28100	334	16	the	the	DET
cjfa-28100	334	17	magnitude	magnitude	NOUN
cjfa-28100	334	18	of	of	ADP
cjfa-28100	334	19	volatility	volatility	NOUN
cjfa-28100	334	20	persistence	persistence	NOUN
cjfa-28100	334	21	in	in	ADP
cjfa-28100	334	22	all	all	DET
cjfa-28100	334	23	share	share	NOUN
cjfa-28100	334	24	index	index	NOUN
cjfa-28100	334	25	return	return	NOUN
cjfa-28100	334	26	on	on	ADP
cjfa-28100	334	27	the	the	DET
cjfa-28100	334	28	nigerian	nigerian	ADJ
cjfa-28100	334	29	stock	stock	NOUN
cjfa-28100	334	30	exchange	exchange	NOUN
cjfa-28100	334	31	after	after	ADP
cjfa-28100	334	32	the	the	DET
cjfa-28100	334	33	meltdown	meltdown	NOUN
cjfa-28100	334	34	.	.	PUNCT
cjfa-28100	335	1	therefore	therefore	ADV
cjfa-28100	335	2	,	,	PUNCT
cjfa-28100	335	3	the	the	DET
cjfa-28100	335	4	null	null	ADJ
cjfa-28100	335	5	hypothesis	hypothesis	NOUN
cjfa-28100	335	6	of	of	ADP
cjfa-28100	335	7	no	no	DET
cjfa-28100	335	8	volatility	volatility	NOUN
cjfa-28100	335	9	magnitude	magnitude	NOUN
cjfa-28100	335	10	is	be	AUX
cjfa-28100	335	11	rejected	reject	VERB
cjfa-28100	335	12	;	;	PUNCT
cjfa-28100	335	13	therefore	therefore	ADV
cjfa-28100	335	14	,	,	PUNCT
cjfa-28100	335	15	the	the	DET
cjfa-28100	335	16	all	all	DET
cjfa-28100	335	17	share	share	NOUN
cjfa-28100	335	18	index	index	NOUN
cjfa-28100	335	19	return	return	NOUN
cjfa-28100	335	20	on	on	ADP
cjfa-28100	335	21	the	the	DET
cjfa-28100	335	22	nigeria	nigeria	PROPN
cjfa-28100	335	23	stock	stock	PROPN
cjfa-28100	335	24	exchange	exchange	PROPN
cjfa-28100	335	25	exhibit	exhibit	VERB
cjfa-28100	335	26	high	high	ADJ
cjfa-28100	335	27	volatility	volatility	NOUN
cjfa-28100	335	28	magnitude	magnitude	NOUN
cjfa-28100	335	29	during	during	ADP
cjfa-28100	335	30	the	the	DET
cjfa-28100	335	31	period	period	NOUN
cjfa-28100	335	32	after	after	ADP
cjfa-28100	335	33	the	the	DET
cjfa-28100	335	34	meltdown	meltdown	NOUN
cjfa-28100	335	35	but	but	CCONJ
cjfa-28100	335	36	exhibit	exhibit	VERB
cjfa-28100	335	37	very	very	ADV
cjfa-28100	335	38	low	low	ADJ
cjfa-28100	335	39	volatility	volatility	NOUN
cjfa-28100	335	40	magnitude	magnitude	NOUN
cjfa-28100	335	41	before	before	ADP
cjfa-28100	335	42	the	the	DET
cjfa-28100	335	43	meltdown	meltdown	NOUN
cjfa-28100	335	44	period	period	NOUN
cjfa-28100	335	45	.	.	PUNCT
cjfa-28100	336	1	indicating	indicate	VERB
cjfa-28100	336	2	that	that	SCONJ
cjfa-28100	336	3	all	all	DET
cjfa-28100	336	4	share	share	VERB
cjfa-28100	336	5	in	in	ADP
cjfa-28100	336	6	evaluating	evaluate	VERB
cjfa-28100	336	7	volatility	volatility	NOUN
cjfa-28100	336	8	persistence	persistence	NOUN
cjfa-28100	336	9	of	of	ADP
cjfa-28100	336	10	stock	stock	NOUN
cjfa-28100	336	11	return	return	NOUN
cjfa-28100	336	12	…	…	PUNCT
cjfa-28100	336	13	89	89	NUM
cjfa-28100	336	14	dex	dex	NOUN
cjfa-28100	336	15	returns	return	NOUN
cjfa-28100	336	16	on	on	ADP
cjfa-28100	336	17	the	the	DET
cjfa-28100	336	18	nigerian	nigerian	ADJ
cjfa-28100	336	19	stock	stock	NOUN
cjfa-28100	336	20	exchange	exchange	NOUN
cjfa-28100	336	21	do	do	AUX
cjfa-28100	336	22	not	not	PART
cjfa-28100	336	23	follow	follow	VERB
cjfa-28100	336	24	random	random	ADJ
cjfa-28100	336	25	walk	walk	NOUN
cjfa-28100	336	26	and	and	CCONJ
cjfa-28100	336	27	it	it	PRON
cjfa-28100	336	28	is	be	AUX
cjfa-28100	336	29	mean	mean	VERB
cjfa-28100	336	30	reverting	revert	VERB
cjfa-28100	336	31	.	.	PUNCT
cjfa-28100	337	1	in	in	ADP
cjfa-28100	337	2	summary	summary	NOUN
cjfa-28100	337	3	,	,	PUNCT
cjfa-28100	337	4	the	the	DET
cjfa-28100	337	5	objective	objective	NOUN
cjfa-28100	337	6	of	of	ADP
cjfa-28100	337	7	this	this	DET
cjfa-28100	337	8	study	study	NOUN
cjfa-28100	337	9	is	be	AUX
cjfa-28100	337	10	to	to	PART
cjfa-28100	337	11	determine	determine	VERB
cjfa-28100	337	12	the	the	DET
cjfa-28100	337	13	magnitude	magnitude	NOUN
cjfa-28100	337	14	of	of	ADP
cjfa-28100	337	15	volatility	volatility	NOUN
cjfa-28100	337	16	persistence	persistence	NOUN
cjfa-28100	337	17	in	in	ADP
cjfa-28100	337	18	all	all	DET
cjfa-28100	337	19	share	share	NOUN
cjfa-28100	337	20	index	index	NOUN
cjfa-28100	337	21	on	on	ADP
cjfa-28100	337	22	the	the	DET
cjfa-28100	337	23	nigerian	nigerian	ADJ
cjfa-28100	337	24	stock	stock	NOUN
cjfa-28100	337	25	exchange	exchange	NOUN
cjfa-28100	337	26	using	use	VERB
cjfa-28100	337	27	the	the	DET
cjfa-28100	337	28	mean	mean	NOUN
cjfa-28100	337	29	reverting	revert	VERB
cjfa-28100	337	30	and	and	CCONJ
cjfa-28100	337	31	the	the	DET
cjfa-28100	337	32	half	half	ADJ
cjfa-28100	337	33	-	-	PUNCT
cjfa-28100	337	34	life	life	NOUN
cjfa-28100	337	35	form	form	NOUN
cjfa-28100	337	36	of	of	ADP
cjfa-28100	337	37	garch	garch	NOUN
cjfa-28100	337	38	model	model	NOUN
cjfa-28100	337	39	stated	state	VERB
cjfa-28100	337	40	in	in	ADP
cjfa-28100	337	41	in	in	ADP
cjfa-28100	337	42	equation	equation	NOUN
cjfa-28100	337	43	(	(	PUNCT
cjfa-28100	337	44	10	10	NUM
cjfa-28100	337	45	)	)	PUNCT
cjfa-28100	337	46	and	and	CCONJ
cjfa-28100	337	47	(	(	PUNCT
cjfa-28100	337	48	11)under	11)under	NUM
cjfa-28100	337	49	three	three	NUM
cjfa-28100	337	50	(	(	PUNCT
cjfa-28100	337	51	3	3	X
cjfa-28100	337	52	)	)	PUNCT
cjfa-28100	337	53	error	error	NOUN
cjfa-28100	337	54	distributional	distributional	ADJ
cjfa-28100	337	55	assumptions	assumption	NOUN
cjfa-28100	337	56	.	.	PUNCT
cjfa-28100	338	1	findings	finding	NOUN
cjfa-28100	338	2	show	show	VERB
cjfa-28100	338	3	that	that	SCONJ
cjfa-28100	338	4	volatility	volatility	NOUN
cjfa-28100	338	5	is	be	AUX
cjfa-28100	338	6	highly	highly	ADV
cjfa-28100	338	7	persistent	persistent	ADJ
cjfa-28100	338	8	under	under	ADP
cjfa-28100	338	9	the	the	DET
cjfa-28100	338	10	three	three	NUM
cjfa-28100	338	11	(	(	PUNCT
cjfa-28100	338	12	3	3	NUM
cjfa-28100	338	13	)	)	PUNCT
cjfa-28100	338	14	distributional	distributional	ADJ
cjfa-28100	338	15	assumptions	assumption	NOUN
cjfa-28100	338	16	for	for	ADP
cjfa-28100	338	17	the	the	DET
cjfa-28100	338	18	period	period	NOUN
cjfa-28100	338	19	of	of	ADP
cjfa-28100	338	20	jan	jan	PROPN
cjfa-28100	338	21	.	.	PROPN
cjfa-28100	338	22	2001	2001	NUM
cjfa-28100	338	23	till	till	SCONJ
cjfa-28100	338	24	dec	dec	PROPN
cjfa-28100	338	25	.	.	PROPN
cjfa-28100	338	26	2016	2016	NUM
cjfa-28100	338	27	and	and	CCONJ
cjfa-28100	338	28	post	post	VERB
cjfa-28100	338	29	meltdown	meltdown	ADJ
cjfa-28100	338	30	period	period	NOUN
cjfa-28100	338	31	while	while	SCONJ
cjfa-28100	338	32	volatility	volatility	NOUN
cjfa-28100	338	33	is	be	AUX
cjfa-28100	338	34	low	low	ADJ
cjfa-28100	338	35	under	under	ADP
cjfa-28100	338	36	three	three	NUM
cjfa-28100	338	37	(	(	PUNCT
cjfa-28100	338	38	3	3	X
cjfa-28100	338	39	)	)	PUNCT
cjfa-28100	338	40	distributional	distributional	ADJ
cjfa-28100	338	41	assumptions	assumption	NOUN
cjfa-28100	338	42	for	for	ADP
cjfa-28100	338	43	the	the	DET
cjfa-28100	338	44	pre	pre	ADJ
cjfa-28100	338	45	meltdown	meltdown	NOUN
cjfa-28100	338	46	period	period	NOUN
cjfa-28100	338	47	.	.	PUNCT
cjfa-28100	339	1	the	the	DET
cjfa-28100	339	2	average	average	ADJ
cjfa-28100	339	3	numbers	number	NOUN
cjfa-28100	339	4	of	of	ADP
cjfa-28100	339	5	weeks	week	NOUN
cjfa-28100	339	6	for	for	ADP
cjfa-28100	339	7	the	the	DET
cjfa-28100	339	8	volatility	volatility	NOUN
cjfa-28100	339	9	to	to	PART
cjfa-28100	339	10	revert	revert	VERB
cjfa-28100	339	11	to	to	ADP
cjfa-28100	339	12	its	its	PRON
cjfa-28100	339	13	long	long	ADJ
cjfa-28100	339	14	run	run	NOUN
cjfa-28100	339	15	level	level	NOUN
cjfa-28100	339	16	measured	measure	VERB
cjfa-28100	339	17	by	by	ADP
cjfa-28100	339	18	the	the	DET
cjfa-28100	339	19	half	half	ADJ
cjfa-28100	339	20	-	-	PUNCT
cjfa-28100	339	21	life	life	NOUN
cjfa-28100	339	22	estimate	estimate	NOUN
cjfa-28100	339	23	are	be	AUX
cjfa-28100	339	24	11	11	NUM
cjfa-28100	339	25	,	,	PUNCT
cjfa-28100	339	26	10	10	NUM
cjfa-28100	339	27	and	and	CCONJ
cjfa-28100	339	28	9	9	NUM
cjfa-28100	339	29	weeks	week	NOUN
cjfa-28100	339	30	under	under	ADP
cjfa-28100	339	31	the	the	DET
cjfa-28100	339	32	normal	normal	ADJ
cjfa-28100	339	33	,	,	PUNCT
cjfa-28100	339	34	student	student	NOUN
cjfa-28100	339	35	’s	’s	PART
cjfa-28100	339	36	t	t	PROPN
cjfa-28100	339	37	and	and	CCONJ
cjfa-28100	339	38	the	the	DET
cjfa-28100	339	39	generalized	generalize	VERB
cjfa-28100	339	40	error	error	NOUN
cjfa-28100	339	41	distributions	distribution	NOUN
cjfa-28100	339	42	assumptions	assumption	NOUN
cjfa-28100	339	43	respectively	respectively	ADV
cjfa-28100	339	44	for	for	ADP
cjfa-28100	339	45	the	the	DET
cjfa-28100	339	46	period	period	NOUN
cjfa-28100	339	47	of	of	ADP
cjfa-28100	339	48	jan	jan	PROPN
cjfa-28100	339	49	.	.	PROPN
cjfa-28100	339	50	2001	2001	NUM
cjfa-28100	339	51	till	till	SCONJ
cjfa-28100	339	52	dec	dec	PROPN
cjfa-28100	339	53	.	.	PROPN
cjfa-28100	339	54	2016	2016	NUM
cjfa-28100	339	55	.	.	PUNCT
cjfa-28100	340	1	the	the	DET
cjfa-28100	340	2	average	average	ADJ
cjfa-28100	340	3	number	number	NOUN
cjfa-28100	340	4	of	of	ADP
cjfa-28100	340	5	week	week	NOUN
cjfa-28100	340	6	for	for	ADP
cjfa-28100	340	7	volatility	volatility	NOUN
cjfa-28100	340	8	to	to	PART
cjfa-28100	340	9	revert	revert	VERB
cjfa-28100	340	10	after	after	SCONJ
cjfa-28100	340	11	the	the	DET
cjfa-28100	340	12	meltdown	meltdown	NOUN
cjfa-28100	340	13	is	be	AUX
cjfa-28100	340	14	8	8	NUM
cjfa-28100	340	15	weeks	week	NOUN
cjfa-28100	340	16	under	under	ADP
cjfa-28100	340	17	the	the	DET
cjfa-28100	340	18	normal	normal	ADJ
cjfa-28100	340	19	distribution	distribution	NOUN
cjfa-28100	340	20	and	and	CCONJ
cjfa-28100	340	21	7	7	NUM
cjfa-28100	340	22	weeks	week	NOUN
cjfa-28100	340	23	under	under	ADP
cjfa-28100	340	24	the	the	DET
cjfa-28100	340	25	student	student	NOUN
cjfa-28100	340	26	’s	’s	PART
cjfa-28100	340	27	t	t	PROPN
cjfa-28100	340	28	and	and	CCONJ
cjfa-28100	340	29	the	the	DET
cjfa-28100	340	30	generalized	generalize	VERB
cjfa-28100	340	31	error	error	NOUN
cjfa-28100	340	32	distributions	distribution	NOUN
cjfa-28100	340	33	assumptions	assumption	NOUN
cjfa-28100	340	34	while	while	SCONJ
cjfa-28100	340	35	it	it	PRON
cjfa-28100	340	36	takes	take	VERB
cjfa-28100	340	37	1	1	NUM
cjfa-28100	340	38	week	week	NOUN
cjfa-28100	340	39	during	during	ADP
cjfa-28100	340	40	the	the	DET
cjfa-28100	340	41	period	period	NOUN
cjfa-28100	340	42	before	before	ADP
cjfa-28100	340	43	the	the	DET
cjfa-28100	340	44	meltdown	meltdown	NOUN
cjfa-28100	340	45	.	.	PUNCT
cjfa-28100	341	1	the	the	DET
cjfa-28100	341	2	student’s	student’s	NOUN
cjfa-28100	341	3	-	-	PUNCT
cjfa-28100	341	4	t	t	NOUN
cjfa-28100	341	5	distributional	distributional	ADJ
cjfa-28100	341	6	assumptions	assumption	NOUN
cjfa-28100	341	7	of	of	ADP
cjfa-28100	341	8	mean	mean	NOUN
cjfa-28100	341	9	reverting	revert	VERB
cjfa-28100	341	10	and	and	CCONJ
cjfa-28100	341	11	the	the	DET
cjfa-28100	341	12	halflife	halflife	NOUN
cjfa-28100	341	13	form	form	NOUN
cjfa-28100	341	14	of	of	ADP
cjfa-28100	341	15	garch	garch	NOUN
cjfa-28100	341	16	model	model	NOUN
cjfa-28100	341	17	provide	provide	VERB
cjfa-28100	341	18	the	the	DET
cjfa-28100	341	19	best	good	ADJ
cjfa-28100	341	20	estimate	estimate	NOUN
cjfa-28100	341	21	to	to	PART
cjfa-28100	341	22	measure	measure	VERB
cjfa-28100	341	23	the	the	DET
cjfa-28100	341	24	magnitude	magnitude	NOUN
cjfa-28100	341	25	of	of	ADP
cjfa-28100	341	26	volatility	volatility	NOUN
cjfa-28100	341	27	persistence	persistence	NOUN
cjfa-28100	341	28	in	in	ADP
cjfa-28100	341	29	all	all	DET
cjfa-28100	341	30	share	share	NOUN
cjfa-28100	341	31	index	index	NOUN
cjfa-28100	341	32	on	on	ADP
cjfa-28100	341	33	the	the	DET
cjfa-28100	341	34	nigerian	nigerian	ADJ
cjfa-28100	341	35	stock	stock	NOUN
cjfa-28100	341	36	exchange	exchange	NOUN
cjfa-28100	341	37	for	for	ADP
cjfa-28100	341	38	the	the	DET
cjfa-28100	341	39	sample	sample	NOUN
cjfa-28100	341	40	period	period	NOUN
cjfa-28100	341	41	(	(	PUNCT
cjfa-28100	341	42	jan	jan	PROPN
cjfa-28100	341	43	.	.	PROPN
cjfa-28100	341	44	2001	2001	NUM
cjfa-28100	341	45	till	till	SCONJ
cjfa-28100	341	46	dec	dec	PROPN
cjfa-28100	341	47	.	.	PROPN
cjfa-28100	341	48	2016	2016	NUM
cjfa-28100	341	49	)	)	PUNCT
cjfa-28100	341	50	.	.	PUNCT
cjfa-28100	342	1	on	on	ADP
cjfa-28100	342	2	the	the	DET
cjfa-28100	342	3	other	other	ADJ
cjfa-28100	342	4	hand	hand	NOUN
cjfa-28100	342	5	,	,	PUNCT
cjfa-28100	342	6	the	the	DET
cjfa-28100	342	7	generalized	generalize	VERB
cjfa-28100	342	8	error	error	NOUN
cjfa-28100	342	9	distributional	distributional	ADJ
cjfa-28100	342	10	assumptions	assumption	NOUN
cjfa-28100	342	11	provide	provide	VERB
cjfa-28100	342	12	the	the	DET
cjfa-28100	342	13	best	good	ADJ
cjfa-28100	342	14	estimate	estimate	NOUN
cjfa-28100	342	15	for	for	ADP
cjfa-28100	342	16	the	the	DET
cjfa-28100	342	17	period	period	NOUN
cjfa-28100	342	18	before	before	ADV
cjfa-28100	342	19	and	and	CCONJ
cjfa-28100	342	20	after	after	ADP
cjfa-28100	342	21	the	the	DET
cjfa-28100	342	22	meltdown	meltdown	NOUN
cjfa-28100	342	23	.	.	PUNCT
cjfa-28100	343	1	this	this	PRON
cjfa-28100	343	2	implies	imply	VERB
cjfa-28100	343	3	that	that	SCONJ
cjfa-28100	343	4	investor	investor	NOUN
cjfa-28100	343	5	face	face	VERB
cjfa-28100	343	6	higher	high	ADJ
cjfa-28100	343	7	volatility	volatility	NOUN
cjfa-28100	343	8	persistence	persistence	NOUN
cjfa-28100	343	9	in	in	ADP
cjfa-28100	343	10	return	return	NOUN
cjfa-28100	343	11	on	on	ADP
cjfa-28100	343	12	the	the	DET
cjfa-28100	343	13	nigerian	nigerian	ADJ
cjfa-28100	343	14	stock	stock	NOUN
cjfa-28100	343	15	exchange	exchange	NOUN
cjfa-28100	343	16	during	during	ADP
cjfa-28100	343	17	the	the	DET
cjfa-28100	343	18	sample	sample	NOUN
cjfa-28100	343	19	period	period	NOUN
cjfa-28100	343	20	(	(	PUNCT
cjfa-28100	343	21	jan	jan	PROPN
cjfa-28100	343	22	.	.	PROPN
cjfa-28100	343	23	2001	2001	NUM
cjfa-28100	343	24	till	till	SCONJ
cjfa-28100	343	25	dec	dec	PROPN
cjfa-28100	343	26	.	.	PROPN
cjfa-28100	343	27	2016	2016	NUM
cjfa-28100	343	28	)	)	PUNCT
cjfa-28100	343	29	and	and	CCONJ
cjfa-28100	343	30	after	after	ADP
cjfa-28100	343	31	the	the	DET
cjfa-28100	343	32	meltdown	meltdown	NOUN
cjfa-28100	343	33	.	.	PUNCT
cjfa-28100	344	1	this	this	DET
cjfa-28100	344	2	finding	finding	NOUN
cjfa-28100	344	3	is	be	AUX
cjfa-28100	344	4	in	in	ADP
cjfa-28100	344	5	agreement	agreement	NOUN
cjfa-28100	344	6	with	with	ADP
cjfa-28100	344	7	gil	gil	PROPN
cjfa-28100	344	8	-	-	PROPN
cjfa-28100	344	9	alana	alana	PROPN
cjfa-28100	344	10	,	,	PUNCT
cjfa-28100	344	11	yaya	yaya	PROPN
cjfa-28100	344	12	and	and	CCONJ
cjfa-28100	344	13	adepoju	adepoju	PROPN
cjfa-28100	344	14	(	(	PUNCT
cjfa-28100	344	15	2015	2015	NUM
cjfa-28100	344	16	)	)	PUNCT
cjfa-28100	344	17	,	,	PUNCT
cjfa-28100	344	18	ahmed	ahmed	PROPN
cjfa-28100	344	19	and	and	CCONJ
cjfa-28100	344	20	suliman	suliman	NOUN
cjfa-28100	344	21	(	(	PUNCT
cjfa-28100	344	22	2011	2011	NUM
cjfa-28100	344	23	)	)	PUNCT
cjfa-28100	344	24	,	,	PUNCT
cjfa-28100	344	25	goudarzi	goudarzi	NOUN
cjfa-28100	344	26	(	(	PUNCT
cjfa-28100	344	27	2013	2013	NUM
cjfa-28100	344	28	)	)	PUNCT
cjfa-28100	344	29	,	,	PUNCT
cjfa-28100	344	30	osazevbaru	osazevbaru	NOUN
cjfa-28100	344	31	(	(	PUNCT
cjfa-28100	344	32	2014	2014	NUM
cjfa-28100	344	33	)	)	PUNCT
cjfa-28100	344	34	,	,	PUNCT
cjfa-28100	344	35	yin	yin	PROPN
cjfa-28100	344	36	,	,	PUNCT
cjfa-28100	344	37	tsui	tsui	PROPN
cjfa-28100	344	38	and	and	CCONJ
cjfa-28100	344	39	zhang	zhang	PROPN
cjfa-28100	344	40	(	(	PUNCT
cjfa-28100	344	41	2011	2011	NUM
cjfa-28100	344	42	)	)	PUNCT
cjfa-28100	344	43	,	,	PUNCT
cjfa-28100	344	44	aluko	aluko	PROPN
cjfa-28100	344	45	,	,	PUNCT
cjfa-28100	344	46	adeyeye	adeyeye	NOUN
cjfa-28100	344	47	and	and	CCONJ
cjfa-28100	344	48	migiro	migiro	NOUN
cjfa-28100	344	49	(	(	PUNCT
cjfa-28100	344	50	2016	2016	NUM
cjfa-28100	344	51	)	)	PUNCT
cjfa-28100	344	52	contradicting	contradict	VERB
cjfa-28100	344	53	the	the	DET
cjfa-28100	344	54	result	result	NOUN
cjfa-28100	344	55	of	of	ADP
cjfa-28100	344	56	kuhe	kuhe	PROPN
cjfa-28100	344	57	(	(	PUNCT
cjfa-28100	344	58	2018	2018	NUM
cjfa-28100	344	59	)	)	PUNCT
cjfa-28100	344	60	,	,	PUNCT
cjfa-28100	344	61	adewale	adewale	PROPN
cjfa-28100	344	62	et	et	PROPN
cjfa-28100	344	63	al	al	PROPN
cjfa-28100	344	64	.	.	PUNCT
cjfa-28100	345	1	(	(	PUNCT
cjfa-28100	345	2	2016	2016	NUM
cjfa-28100	345	3	)	)	PUNCT
cjfa-28100	345	4	.	.	PUNCT
cjfa-28100	346	1	however	however	ADV
cjfa-28100	346	2	,	,	PUNCT
cjfa-28100	346	3	investors	investor	NOUN
cjfa-28100	346	4	face	face	VERB
cjfa-28100	346	5	lower	low	ADJ
cjfa-28100	346	6	volatility	volatility	NOUN
cjfa-28100	346	7	persistence	persistence	NOUN
cjfa-28100	346	8	before	before	ADP
cjfa-28100	346	9	the	the	DET
cjfa-28100	346	10	meltdown	meltdown	NOUN
cjfa-28100	346	11	in	in	ADP
cjfa-28100	346	12	agreement	agreement	NOUN
cjfa-28100	346	13	with	with	ADP
cjfa-28100	346	14	okpara	okpara	NOUN
cjfa-28100	346	15	and	and	CCONJ
cjfa-28100	346	16	nwezeaku	nwezeaku	NOUN
cjfa-28100	346	17	(	(	PUNCT
cjfa-28100	346	18	2009	2009	NUM
cjfa-28100	346	19	)	)	PUNCT
cjfa-28100	346	20	but	but	CCONJ
cjfa-28100	346	21	still	still	ADV
cjfa-28100	346	22	mean	mean	VERB
cjfa-28100	346	23	reverting	revert	VERB
cjfa-28100	346	24	in	in	ADP
cjfa-28100	346	25	contrast	contrast	NOUN
cjfa-28100	346	26	with	with	ADP
cjfa-28100	346	27	okpara	okpara	NOUN
cjfa-28100	346	28	(	(	PUNCT
cjfa-28100	346	29	2010	2010	NUM
cjfa-28100	346	30	)	)	PUNCT
cjfa-28100	346	31	,	,	PUNCT
cjfa-28100	346	32	nwidobie	nwidobie	NOUN
cjfa-28100	346	33	(	(	PUNCT
cjfa-28100	346	34	2014	2014	NUM
cjfa-28100	346	35	)	)	PUNCT
cjfa-28100	346	36	.	.	PUNCT
cjfa-28100	347	1	the	the	DET
cjfa-28100	347	2	findings	finding	NOUN
cjfa-28100	347	3	is	be	AUX
cjfa-28100	347	4	in	in	ADP
cjfa-28100	347	5	agreement	agreement	NOUN
cjfa-28100	347	6	with	with	ADP
cjfa-28100	347	7	olowe	olowe	NOUN
cjfa-28100	347	8	(	(	PUNCT
cjfa-28100	347	9	2009	2009	NUM
cjfa-28100	347	10	)	)	PUNCT
cjfa-28100	347	11	who	who	PRON
cjfa-28100	347	12	ascertain	ascertain	VERB
cjfa-28100	347	13	that	that	SCONJ
cjfa-28100	347	14	the	the	DET
cjfa-28100	347	15	market	market	NOUN
cjfa-28100	347	16	crash	crash	NOUN
cjfa-28100	347	17	accounted	account	VERB
cjfa-28100	347	18	for	for	ADP
cjfa-28100	347	19	sudden	sudden	ADJ
cjfa-28100	347	20	change	change	NOUN
cjfa-28100	347	21	in	in	ADP
cjfa-28100	347	22	variance	variance	NOUN
cjfa-28100	347	23	but	but	CCONJ
cjfa-28100	347	24	in	in	ADP
cjfa-28100	347	25	contrast	contrast	NOUN
cjfa-28100	347	26	with	with	ADP
cjfa-28100	347	27	goudarzi	goudarzi	NOUN
cjfa-28100	347	28	(	(	PUNCT
cjfa-28100	347	29	2014	2014	NUM
cjfa-28100	347	30	)	)	PUNCT
cjfa-28100	347	31	that	that	SCONJ
cjfa-28100	347	32	volatility	volatility	NOUN
cjfa-28100	347	33	can	can	AUX
cjfa-28100	347	34	not	not	PART
cjfa-28100	347	35	be	be	AUX
cjfa-28100	347	36	attributed	attribute	VERB
cjfa-28100	347	37	to	to	ADP
cjfa-28100	347	38	effect	effect	NOUN
cjfa-28100	347	39	of	of	ADP
cjfa-28100	347	40	sanction	sanction	NOUN
cjfa-28100	347	41	on	on	ADP
cjfa-28100	347	42	iran	iran	PROPN
cjfa-28100	347	43	.	.	PUNCT
cjfa-28100	348	1	kamaldeen	kamaldeen	VERB
cjfa-28100	348	2	ibraheem	ibraheem	ADJ
cjfa-28100	348	3	nageri90	nageri90	NOUN
cjfa-28100	348	4	 	 	SPACE
cjfa-28100	348	5	summary	summary	NOUN
cjfa-28100	348	6	,	,	PUNCT
cjfa-28100	348	7	conclusion	conclusion	NOUN
cjfa-28100	348	8	and	and	CCONJ
cjfa-28100	348	9	recommendations	recommendation	NOUN
cjfa-28100	348	10	the	the	DET
cjfa-28100	348	11	objective	objective	NOUN
cjfa-28100	348	12	of	of	ADP
cjfa-28100	348	13	the	the	DET
cjfa-28100	348	14	study	study	NOUN
cjfa-28100	348	15	is	be	AUX
cjfa-28100	348	16	to	to	PART
cjfa-28100	348	17	evaluate	evaluate	VERB
cjfa-28100	348	18	the	the	DET
cjfa-28100	348	19	magnitude	magnitude	NOUN
cjfa-28100	348	20	of	of	ADP
cjfa-28100	348	21	volatility	volatility	NOUN
cjfa-28100	348	22	persistence	persistence	NOUN
cjfa-28100	348	23	using	use	VERB
cjfa-28100	348	24	the	the	DET
cjfa-28100	348	25	mean	mean	NOUN
cjfa-28100	348	26	reverting	revert	VERB
cjfa-28100	348	27	and	and	CCONJ
cjfa-28100	348	28	the	the	DET
cjfa-28100	348	29	half	half	ADJ
cjfa-28100	348	30	-	-	PUNCT
cjfa-28100	348	31	life	life	NOUN
cjfa-28100	348	32	form	form	NOUN
cjfa-28100	348	33	of	of	ADP
cjfa-28100	348	34	garch	garch	NOUN
cjfa-28100	348	35	model	model	NOUN
cjfa-28100	348	36	on	on	ADP
cjfa-28100	348	37	all	all	DET
cjfa-28100	348	38	share	share	NOUN
cjfa-28100	348	39	index	index	NOUN
cjfa-28100	348	40	return	return	NOUN
cjfa-28100	348	41	on	on	ADP
cjfa-28100	348	42	the	the	DET
cjfa-28100	348	43	nigerian	nigerian	ADJ
cjfa-28100	348	44	stock	stock	NOUN
cjfa-28100	348	45	exchange	exchange	PROPN
cjfa-28100	348	46	.	.	PUNCT
cjfa-28100	349	1	the	the	DET
cjfa-28100	349	2	introduction	introduction	NOUN
cjfa-28100	349	3	of	of	ADP
cjfa-28100	349	4	the	the	DET
cjfa-28100	349	5	study	study	NOUN
cjfa-28100	349	6	was	be	AUX
cjfa-28100	349	7	done	do	VERB
cjfa-28100	349	8	in	in	ADP
cjfa-28100	349	9	section	section	NOUN
cjfa-28100	349	10	one	one	NUM
cjfa-28100	349	11	consisting	consist	VERB
cjfa-28100	349	12	of	of	ADP
cjfa-28100	349	13	the	the	DET
cjfa-28100	349	14	background	background	NOUN
cjfa-28100	349	15	information	information	NOUN
cjfa-28100	349	16	on	on	ADP
cjfa-28100	349	17	the	the	DET
cjfa-28100	349	18	nigerian	nigerian	ADJ
cjfa-28100	349	19	stock	stock	NOUN
cjfa-28100	349	20	market	market	NOUN
cjfa-28100	349	21	,	,	PUNCT
cjfa-28100	349	22	the	the	DET
cjfa-28100	349	23	problem	problem	NOUN
cjfa-28100	349	24	emanating	emanate	VERB
cjfa-28100	349	25	from	from	ADP
cjfa-28100	349	26	the	the	DET
cjfa-28100	349	27	financial	financial	ADJ
cjfa-28100	349	28	meltdown	meltdown	NOUN
cjfa-28100	349	29	of	of	ADP
cjfa-28100	349	30	2008	2008	NUM
cjfa-28100	349	31	–	–	PUNCT
cjfa-28100	349	32	–	–	PUNCT
cjfa-28100	349	33	2009	2009	NUM
cjfa-28100	349	34	was	be	AUX
cjfa-28100	349	35	identified	identify	VERB
cjfa-28100	349	36	.	.	PUNCT
cjfa-28100	350	1	this	this	PRON
cjfa-28100	350	2	form	form	VERB
cjfa-28100	350	3	the	the	DET
cjfa-28100	350	4	basis	basis	NOUN
cjfa-28100	350	5	for	for	ADP
cjfa-28100	350	6	the	the	DET
cjfa-28100	350	7	research	research	NOUN
cjfa-28100	350	8	questions	question	NOUN
cjfa-28100	350	9	,	,	PUNCT
cjfa-28100	350	10	objectives	objective	NOUN
cjfa-28100	350	11	and	and	CCONJ
cjfa-28100	350	12	hypotheses	hypothesis	NOUN
cjfa-28100	350	13	.	.	PUNCT
cjfa-28100	351	1	the	the	DET
cjfa-28100	351	2	study	study	NOUN
cjfa-28100	351	3	was	be	AUX
cjfa-28100	351	4	found	find	VERB
cjfa-28100	351	5	to	to	PART
cjfa-28100	351	6	be	be	AUX
cjfa-28100	351	7	significant	significant	ADJ
cjfa-28100	351	8	in	in	ADP
cjfa-28100	351	9	three	three	NUM
cjfa-28100	351	10	least	least	ADJ
cjfa-28100	351	11	ways	way	NOUN
cjfa-28100	351	12	;	;	PUNCT
cjfa-28100	351	13	contribute	contribute	VERB
cjfa-28100	351	14	to	to	ADP
cjfa-28100	351	15	the	the	DET
cjfa-28100	351	16	debate	debate	NOUN
cjfa-28100	351	17	of	of	ADP
cjfa-28100	351	18	market	market	NOUN
cjfa-28100	351	19	efficiency	efficiency	NOUN
cjfa-28100	351	20	from	from	ADP
cjfa-28100	351	21	the	the	DET
cjfa-28100	351	22	perspective	perspective	NOUN
cjfa-28100	351	23	of	of	ADP
cjfa-28100	351	24	nigeria	nigeria	PROPN
cjfa-28100	351	25	,	,	PUNCT
cjfa-28100	351	26	examine	examine	VERB
cjfa-28100	351	27	the	the	DET
cjfa-28100	351	28	efficiency	efficiency	NOUN
cjfa-28100	351	29	of	of	ADP
cjfa-28100	351	30	the	the	DET
cjfa-28100	351	31	nigerian	nigerian	ADJ
cjfa-28100	351	32	stock	stock	NOUN
cjfa-28100	351	33	market	market	NOUN
cjfa-28100	351	34	using	use	VERB
cjfa-28100	351	35	the	the	DET
cjfa-28100	351	36	financial	financial	ADJ
cjfa-28100	351	37	meltdown	meltdown	NOUN
cjfa-28100	351	38	as	as	ADP
cjfa-28100	351	39	event	event	NOUN
cjfa-28100	351	40	window	window	NOUN
cjfa-28100	351	41	and	and	CCONJ
cjfa-28100	351	42	creates	create	VERB
cjfa-28100	351	43	an	an	DET
cjfa-28100	351	44	avenue	avenue	NOUN
cjfa-28100	351	45	for	for	ADP
cjfa-28100	351	46	policy	policy	NOUN
cjfa-28100	351	47	mending	mending	NOUN
cjfa-28100	351	48	for	for	ADP
cjfa-28100	351	49	the	the	DET
cjfa-28100	351	50	regulators	regulator	NOUN
cjfa-28100	351	51	.	.	PUNCT
cjfa-28100	352	1	section	section	NOUN
cjfa-28100	352	2	two	two	NUM
cjfa-28100	352	3	discusses	discuss	VERB
cjfa-28100	352	4	the	the	DET
cjfa-28100	352	5	conceptual	conceptual	ADJ
cjfa-28100	352	6	issues	issue	NOUN
cjfa-28100	352	7	of	of	ADP
cjfa-28100	352	8	stock	stock	NOUN
cjfa-28100	352	9	return	return	NOUN
cjfa-28100	352	10	and	and	CCONJ
cjfa-28100	352	11	return	return	VERB
cjfa-28100	352	12	volatility	volatility	NOUN
cjfa-28100	352	13	.	.	PUNCT
cjfa-28100	353	1	related	relate	VERB
cjfa-28100	353	2	theory	theory	NOUN
cjfa-28100	353	3	of	of	ADP
cjfa-28100	353	4	fair	fair	ADJ
cjfa-28100	353	5	game	game	NOUN
cjfa-28100	353	6	model	model	NOUN
cjfa-28100	353	7	were	be	AUX
cjfa-28100	353	8	explained	explain	VERB
cjfa-28100	353	9	in	in	ADP
cjfa-28100	353	10	relation	relation	NOUN
cjfa-28100	353	11	to	to	ADP
cjfa-28100	353	12	the	the	DET
cjfa-28100	353	13	study	study	NOUN
cjfa-28100	353	14	and	and	CCONJ
cjfa-28100	353	15	empirical	empirical	ADJ
cjfa-28100	353	16	literatures	literature	NOUN
cjfa-28100	353	17	were	be	AUX
cjfa-28100	353	18	also	also	ADV
cjfa-28100	353	19	reviewed	review	VERB
cjfa-28100	353	20	including	include	VERB
cjfa-28100	353	21	kuhe	kuhe	PROPN
cjfa-28100	353	22	(	(	PUNCT
cjfa-28100	353	23	2018	2018	NUM
cjfa-28100	353	24	)	)	PUNCT
cjfa-28100	353	25	,	,	PUNCT
cjfa-28100	353	26	kumar	kumar	PROPN
cjfa-28100	353	27	and	and	CCONJ
cjfa-28100	353	28	maheswaran	maheswaran	ADJ
cjfa-28100	353	29	(	(	PUNCT
cjfa-28100	353	30	2012	2012	NUM
cjfa-28100	353	31	)	)	PUNCT
cjfa-28100	353	32	,	,	PUNCT
cjfa-28100	353	33	dikko	dikko	VERB
cjfa-28100	353	34	et	et	NOUN
cjfa-28100	353	35	al	al	PROPN
cjfa-28100	353	36	.	.	PUNCT
cjfa-28100	354	1	(	(	PUNCT
cjfa-28100	354	2	2015	2015	NUM
cjfa-28100	354	3	)	)	PUNCT
cjfa-28100	354	4	,	,	PUNCT
cjfa-28100	354	5	adewale	adewale	PROPN
cjfa-28100	354	6	et	et	PROPN
cjfa-28100	354	7	al	al	PROPN
cjfa-28100	354	8	.	.	PUNCT
cjfa-28100	355	1	(	(	PUNCT
cjfa-28100	355	2	2016	2016	NUM
cjfa-28100	355	3	)	)	PUNCT
cjfa-28100	355	4	,	,	PUNCT
cjfa-28100	355	5	fasanya	fasanya	ADJ
cjfa-28100	355	6	and	and	CCONJ
cjfa-28100	355	7	adekoya	adekoya	PROPN
cjfa-28100	355	8	(	(	PUNCT
cjfa-28100	355	9	2017	2017	NUM
cjfa-28100	355	10	)	)	PUNCT
cjfa-28100	355	11	,	,	PUNCT
cjfa-28100	355	12	etc	etc	X
cjfa-28100	355	13	.	.	X
cjfa-28100	355	14	section	section	PROPN
cjfa-28100	355	15	three	three	NUM
cjfa-28100	355	16	explained	explain	VERB
cjfa-28100	355	17	the	the	DET
cjfa-28100	355	18	model	model	NOUN
cjfa-28100	355	19	specifications	specification	NOUN
cjfa-28100	355	20	using	use	VERB
cjfa-28100	355	21	the	the	DET
cjfa-28100	355	22	garch	garch	NOUN
cjfa-28100	355	23	model	model	NOUN
cjfa-28100	355	24	and	and	CCONJ
cjfa-28100	355	25	the	the	DET
cjfa-28100	355	26	mean	mean	ADJ
cjfa-28100	355	27	reverting	revert	VERB
cjfa-28100	355	28	form	form	NOUN
cjfa-28100	355	29	of	of	ADP
cjfa-28100	355	30	the	the	DET
cjfa-28100	355	31	garch	garch	NOUN
cjfa-28100	355	32	model	model	NOUN
cjfa-28100	355	33	to	to	PART
cjfa-28100	355	34	explain	explain	VERB
cjfa-28100	355	35	the	the	DET
cjfa-28100	355	36	information	information	NOUN
cjfa-28100	355	37	set	set	VERB
cjfa-28100	355	38	of	of	ADP
cjfa-28100	355	39	the	the	DET
cjfa-28100	355	40	residuals	residual	NOUN
cjfa-28100	355	41	(	(	PUNCT
cjfa-28100	355	42	shocks	shock	NOUN
cjfa-28100	355	43	)	)	PUNCT
cjfa-28100	355	44	in	in	ADP
cjfa-28100	355	45	all	all	DET
cjfa-28100	355	46	share	share	NOUN
cjfa-28100	355	47	index	index	NOUN
cjfa-28100	355	48	return	return	NOUN
cjfa-28100	355	49	.	.	PUNCT
cjfa-28100	356	1	the	the	DET
cjfa-28100	356	2	unit	unit	NOUN
cjfa-28100	356	3	root	root	PROPN
cjfa-28100	356	4	statistics	statistic	NOUN
cjfa-28100	356	5	of	of	ADP
cjfa-28100	356	6	adf	adf	PROPN
cjfa-28100	356	7	and	and	CCONJ
cjfa-28100	356	8	pp	pp	ADV
cjfa-28100	356	9	were	be	AUX
cjfa-28100	356	10	used	use	VERB
cjfa-28100	356	11	to	to	PART
cjfa-28100	356	12	examine	examine	VERB
cjfa-28100	356	13	the	the	DET
cjfa-28100	356	14	stationarity	stationarity	NOUN
cjfa-28100	356	15	of	of	ADP
cjfa-28100	356	16	the	the	DET
cjfa-28100	356	17	return	return	NOUN
cjfa-28100	356	18	series	series	NOUN
cjfa-28100	356	19	.	.	PUNCT
cjfa-28100	357	1	furthermore	furthermore	ADV
cjfa-28100	357	2	,	,	PUNCT
cjfa-28100	357	3	the	the	DET
cjfa-28100	357	4	mean	mean	ADJ
cjfa-28100	357	5	equation	equation	NOUN
cjfa-28100	357	6	,	,	PUNCT
cjfa-28100	357	7	based	base	VERB
cjfa-28100	357	8	on	on	ADP
cjfa-28100	357	9	the	the	DET
cjfa-28100	357	10	market	market	NOUN
cjfa-28100	357	11	model	model	NOUN
cjfa-28100	357	12	and	and	CCONJ
cjfa-28100	357	13	the	the	DET
cjfa-28100	357	14	distributional	distributional	ADJ
cjfa-28100	357	15	assumptions	assumption	NOUN
cjfa-28100	357	16	was	be	AUX
cjfa-28100	357	17	stated	state	VERB
cjfa-28100	357	18	.	.	PUNCT
cjfa-28100	358	1	section	section	NOUN
cjfa-28100	358	2	four	four	NUM
cjfa-28100	358	3	present	present	ADJ
cjfa-28100	358	4	the	the	DET
cjfa-28100	358	5	data	datum	NOUN
cjfa-28100	358	6	,	,	PUNCT
cjfa-28100	358	7	analysis	analysis	NOUN
cjfa-28100	358	8	and	and	CCONJ
cjfa-28100	358	9	discussion	discussion	NOUN
cjfa-28100	358	10	of	of	ADP
cjfa-28100	358	11	the	the	DET
cjfa-28100	358	12	empirical	empirical	ADJ
cjfa-28100	358	13	result	result	NOUN
cjfa-28100	358	14	.	.	PUNCT
cjfa-28100	359	1	the	the	DET
cjfa-28100	359	2	samples	sample	NOUN
cjfa-28100	359	3	were	be	AUX
cjfa-28100	359	4	found	find	VERB
cjfa-28100	359	5	to	to	PART
cjfa-28100	359	6	be	be	AUX
cjfa-28100	359	7	stationary	stationary	ADJ
cjfa-28100	359	8	at	at	ADP
cjfa-28100	359	9	level	level	NOUN
cjfa-28100	359	10	[	[	X
cjfa-28100	359	11	i(0	i(0	PROPN
cjfa-28100	359	12	)	)	PUNCT
cjfa-28100	359	13	]	]	PUNCT
cjfa-28100	359	14	which	which	PRON
cjfa-28100	359	15	is	be	AUX
cjfa-28100	359	16	a	a	DET
cjfa-28100	359	17	major	major	ADJ
cjfa-28100	359	18	requirement	requirement	NOUN
cjfa-28100	359	19	of	of	ADP
cjfa-28100	359	20	econometrics	econometrics	NOUN
cjfa-28100	359	21	analysis	analysis	NOUN
cjfa-28100	359	22	such	such	ADJ
cjfa-28100	359	23	as	as	ADP
cjfa-28100	359	24	the	the	DET
cjfa-28100	359	25	garch	garch	NOUN
cjfa-28100	359	26	model	model	NOUN
cjfa-28100	359	27	used	use	VERB
cjfa-28100	359	28	in	in	ADP
cjfa-28100	359	29	this	this	DET
cjfa-28100	359	30	study	study	NOUN
cjfa-28100	359	31	.	.	PUNCT
cjfa-28100	360	1	the	the	DET
cjfa-28100	360	2	residual	residual	NOUN
cjfa-28100	360	3	of	of	ADP
cjfa-28100	360	4	the	the	DET
cjfa-28100	360	5	mean	mean	ADJ
cjfa-28100	360	6	equations	equation	NOUN
cjfa-28100	360	7	for	for	ADP
cjfa-28100	360	8	the	the	DET
cjfa-28100	360	9	whole	whole	NOUN
cjfa-28100	360	10	,	,	PUNCT
cjfa-28100	360	11	before	before	ADP
cjfa-28100	360	12	and	and	CCONJ
cjfa-28100	360	13	after	after	ADP
cjfa-28100	360	14	the	the	DET
cjfa-28100	360	15	meltdown	meltdown	NOUN
cjfa-28100	360	16	return	return	NOUN
cjfa-28100	360	17	series	series	NOUN
cjfa-28100	360	18	also	also	ADV
cjfa-28100	360	19	exhibit	exhibit	VERB
cjfa-28100	360	20	the	the	DET
cjfa-28100	360	21	presence	presence	NOUN
cjfa-28100	360	22	of	of	ADP
cjfa-28100	360	23	arch	arch	ADJ
cjfa-28100	360	24	effect	effect	NOUN
cjfa-28100	360	25	and	and	CCONJ
cjfa-28100	360	26	volatility	volatility	NOUN
cjfa-28100	360	27	clustering	clustering	NOUN
cjfa-28100	360	28	which	which	PRON
cjfa-28100	360	29	are	be	AUX
cjfa-28100	360	30	requirements	requirement	NOUN
cjfa-28100	360	31	for	for	ADP
cjfa-28100	360	32	the	the	DET
cjfa-28100	360	33	application	application	NOUN
cjfa-28100	360	34	of	of	ADP
cjfa-28100	360	35	the	the	DET
cjfa-28100	360	36	garch	garch	NOUN
cjfa-28100	360	37	family	family	NOUN
cjfa-28100	360	38	models	model	NOUN
cjfa-28100	360	39	.	.	PUNCT
cjfa-28100	361	1	the	the	DET
cjfa-28100	361	2	study	study	NOUN
cjfa-28100	361	3	concludes	conclude	VERB
cjfa-28100	361	4	,	,	PUNCT
cjfa-28100	361	5	from	from	ADP
cjfa-28100	361	6	the	the	DET
cjfa-28100	361	7	findings	finding	NOUN
cjfa-28100	361	8	that	that	SCONJ
cjfa-28100	361	9	volatility	volatility	NOUN
cjfa-28100	361	10	is	be	AUX
cjfa-28100	361	11	highly	highly	ADV
cjfa-28100	361	12	persistent	persistent	ADJ
cjfa-28100	361	13	for	for	ADP
cjfa-28100	361	14	the	the	DET
cjfa-28100	361	15	sample	sample	NOUN
cjfa-28100	361	16	period	period	NOUN
cjfa-28100	361	17	(	(	PUNCT
cjfa-28100	361	18	jan	jan	PROPN
cjfa-28100	361	19	.	.	PROPN
cjfa-28100	361	20	2001	2001	NUM
cjfa-28100	361	21	till	till	SCONJ
cjfa-28100	361	22	dec	dec	PROPN
cjfa-28100	361	23	.	.	PROPN
cjfa-28100	361	24	2016	2016	NUM
cjfa-28100	361	25	)	)	PUNCT
cjfa-28100	361	26	and	and	CCONJ
cjfa-28100	361	27	after	after	ADP
cjfa-28100	361	28	the	the	DET
cjfa-28100	361	29	meltdown	meltdown	NOUN
cjfa-28100	361	30	while	while	SCONJ
cjfa-28100	361	31	volatility	volatility	NOUN
cjfa-28100	361	32	is	be	AUX
cjfa-28100	361	33	low	low	ADJ
cjfa-28100	361	34	during	during	ADP
cjfa-28100	361	35	the	the	DET
cjfa-28100	361	36	pre	pre	ADJ
cjfa-28100	361	37	-	-	ADJ
cjfa-28100	361	38	meltdown	meltdown	ADJ
cjfa-28100	361	39	period	period	NOUN
cjfa-28100	361	40	.	.	PUNCT
cjfa-28100	362	1	the	the	DET
cjfa-28100	362	2	results	result	NOUN
cjfa-28100	362	3	of	of	ADP
cjfa-28100	362	4	mean	mean	NOUN
cjfa-28100	362	5	reverting	revert	VERB
cjfa-28100	362	6	and	and	CCONJ
cjfa-28100	362	7	half	half	ADJ
cjfa-28100	362	8	-	-	PUNCT
cjfa-28100	362	9	life	life	NOUN
cjfa-28100	362	10	form	form	NOUN
cjfa-28100	362	11	of	of	ADP
cjfa-28100	362	12	garch	garch	NOUN
cjfa-28100	362	13	model	model	NOUN
cjfa-28100	362	14	shows	show	VERB
cjfa-28100	362	15	that	that	SCONJ
cjfa-28100	362	16	all	all	DET
cjfa-28100	362	17	share	share	NOUN
cjfa-28100	362	18	index	index	NOUN
cjfa-28100	362	19	return	return	NOUN
cjfa-28100	362	20	volatility	volatility	NOUN
cjfa-28100	362	21	is	be	AUX
cjfa-28100	362	22	significantly	significantly	ADV
cjfa-28100	362	23	highly	highly	ADV
cjfa-28100	362	24	persistent	persistent	ADJ
cjfa-28100	362	25	and	and	CCONJ
cjfa-28100	362	26	dying	die	VERB
cjfa-28100	362	27	slowly	slowly	ADV
cjfa-28100	362	28	for	for	ADP
cjfa-28100	362	29	the	the	DET
cjfa-28100	362	30	whole	whole	ADJ
cjfa-28100	362	31	sample	sample	NOUN
cjfa-28100	362	32	period	period	NOUN
cjfa-28100	362	33	and	and	CCONJ
cjfa-28100	362	34	after	after	ADP
cjfa-28100	362	35	the	the	DET
cjfa-28100	362	36	meltdown	meltdown	NOUN
cjfa-28100	362	37	while	while	SCONJ
cjfa-28100	362	38	volatility	volatility	NOUN
cjfa-28100	362	39	is	be	AUX
cjfa-28100	362	40	significantly	significantly	ADV
cjfa-28100	362	41	low	low	ADJ
cjfa-28100	362	42	persistent	persistent	ADJ
cjfa-28100	362	43	and	and	CCONJ
cjfa-28100	362	44	dying	die	VERB
cjfa-28100	362	45	very	very	ADV
cjfa-28100	362	46	fast	fast	ADV
cjfa-28100	362	47	before	before	ADP
cjfa-28100	362	48	the	the	DET
cjfa-28100	362	49	meltdown	meltdown	NOUN
cjfa-28100	362	50	.	.	PUNCT
cjfa-28100	363	1	the	the	DET
cjfa-28100	363	2	return	return	NOUN
cjfa-28100	363	3	is	be	AUX
cjfa-28100	363	4	mean	mean	ADV
cjfa-28100	363	5	reverting	revert	VERB
cjfa-28100	363	6	for	for	ADP
cjfa-28100	363	7	the	the	DET
cjfa-28100	363	8	whole	whole	ADJ
cjfa-28100	363	9	evaluating	evaluating	NOUN
cjfa-28100	363	10	volatility	volatility	NOUN
cjfa-28100	363	11	persistence	persistence	NOUN
cjfa-28100	363	12	of	of	ADP
cjfa-28100	363	13	stock	stock	NOUN
cjfa-28100	363	14	return	return	NOUN
cjfa-28100	363	15	…	…	PUNCT
cjfa-28100	363	16	91	91	NUM
cjfa-28100	363	17	period	period	NOUN
cjfa-28100	363	18	,	,	PUNCT
cjfa-28100	363	19	before	before	ADP
cjfa-28100	363	20	and	and	CCONJ
cjfa-28100	363	21	after	after	ADP
cjfa-28100	363	22	meltdown	meltdown	NOUN
cjfa-28100	363	23	and	and	CCONJ
cjfa-28100	363	24	do	do	AUX
cjfa-28100	363	25	not	not	PART
cjfa-28100	363	26	follow	follow	VERB
cjfa-28100	363	27	random	random	ADJ
cjfa-28100	363	28	walk	walk	NOUN
cjfa-28100	363	29	.	.	PUNCT
cjfa-28100	364	1	the	the	DET
cjfa-28100	364	2	average	average	ADJ
cjfa-28100	364	3	number	number	NOUN
cjfa-28100	364	4	of	of	ADP
cjfa-28100	364	5	week	week	NOUN
cjfa-28100	364	6	for	for	ADP
cjfa-28100	364	7	the	the	DET
cjfa-28100	364	8	volatility	volatility	NOUN
cjfa-28100	364	9	to	to	PART
cjfa-28100	364	10	revert	revert	VERB
cjfa-28100	364	11	to	to	ADP
cjfa-28100	364	12	its	its	PRON
cjfa-28100	364	13	long	long	ADJ
cjfa-28100	364	14	run	run	NOUN
cjfa-28100	364	15	level	level	NOUN
cjfa-28100	364	16	is	be	AUX
cjfa-28100	364	17	10	10	NUM
cjfa-28100	364	18	weeks	week	NOUN
cjfa-28100	364	19	for	for	ADP
cjfa-28100	364	20	the	the	DET
cjfa-28100	364	21	whole	whole	ADJ
cjfa-28100	364	22	period	period	NOUN
cjfa-28100	364	23	,	,	PUNCT
cjfa-28100	364	24	1	1	NUM
cjfa-28100	364	25	week	week	NOUN
cjfa-28100	364	26	before	before	ADP
cjfa-28100	364	27	the	the	DET
cjfa-28100	364	28	meltdown	meltdown	NOUN
cjfa-28100	364	29	and	and	CCONJ
cjfa-28100	364	30	7	7	NUM
cjfa-28100	364	31	weeks	week	NOUN
cjfa-28100	364	32	after	after	ADP
cjfa-28100	364	33	the	the	DET
cjfa-28100	364	34	meltdown	meltdown	NOUN
cjfa-28100	364	35	.	.	PUNCT
cjfa-28100	365	1	the	the	DET
cjfa-28100	365	2	findings	finding	NOUN
cjfa-28100	365	3	rejected	reject	VERB
cjfa-28100	365	4	the	the	DET
cjfa-28100	365	5	null	null	ADJ
cjfa-28100	365	6	hypothesis	hypothesis	NOUN
cjfa-28100	365	7	which	which	PRON
cjfa-28100	365	8	stated	state	VERB
cjfa-28100	365	9	that	that	SCONJ
cjfa-28100	365	10	there	there	PRON
cjfa-28100	365	11	is	be	VERB
cjfa-28100	365	12	no	no	DET
cjfa-28100	365	13	significant	significant	ADJ
cjfa-28100	365	14	magnitude	magnitude	NOUN
cjfa-28100	365	15	of	of	ADP
cjfa-28100	365	16	volatility	volatility	NOUN
cjfa-28100	365	17	persistence	persistence	NOUN
cjfa-28100	365	18	in	in	ADP
cjfa-28100	365	19	the	the	DET
cjfa-28100	365	20	nigerian	nigerian	ADJ
cjfa-28100	365	21	stock	stock	NOUN
cjfa-28100	365	22	exchange	exchange	NOUN
cjfa-28100	365	23	after	after	ADP
cjfa-28100	365	24	the	the	DET
cjfa-28100	365	25	financial	financial	ADJ
cjfa-28100	365	26	meltdown	meltdown	NOUN
cjfa-28100	365	27	.	.	PUNCT
cjfa-28100	366	1	the	the	DET
cjfa-28100	366	2	implication	implication	NOUN
cjfa-28100	366	3	of	of	ADP
cjfa-28100	366	4	this	this	DET
cjfa-28100	366	5	result	result	NOUN
cjfa-28100	366	6	is	be	AUX
cjfa-28100	366	7	that	that	SCONJ
cjfa-28100	366	8	investors	investor	NOUN
cjfa-28100	366	9	on	on	ADP
cjfa-28100	366	10	the	the	DET
cjfa-28100	366	11	nigerian	nigerian	ADJ
cjfa-28100	366	12	stock	stock	NOUN
cjfa-28100	366	13	exchange	exchange	PROPN
cjfa-28100	366	14	exhibit	exhibit	VERB
cjfa-28100	366	15	herding	herd	VERB
cjfa-28100	366	16	behavior	behavior	NOUN
cjfa-28100	366	17	as	as	ADP
cjfa-28100	366	18	a	a	DET
cjfa-28100	366	19	result	result	NOUN
cjfa-28100	366	20	of	of	ADP
cjfa-28100	366	21	their	their	PRON
cjfa-28100	366	22	sensitivity	sensitivity	NOUN
cjfa-28100	366	23	and	and	CCONJ
cjfa-28100	366	24	reaction	reaction	NOUN
cjfa-28100	366	25	to	to	ADP
cjfa-28100	366	26	unexpected	unexpected	ADJ
cjfa-28100	366	27	news	news	NOUN
cjfa-28100	366	28	which	which	PRON
cjfa-28100	366	29	subsequently	subsequently	ADV
cjfa-28100	366	30	led	lead	VERB
cjfa-28100	366	31	to	to	ADP
cjfa-28100	366	32	over	over	ADP
cjfa-28100	366	33	and	and	CCONJ
cjfa-28100	366	34	under	under	ADP
cjfa-28100	366	35	-	-	PUNCT
cjfa-28100	366	36	pricing	pricing	NOUN
cjfa-28100	366	37	of	of	ADP
cjfa-28100	366	38	stocks	stock	NOUN
cjfa-28100	366	39	.	.	PUNCT
cjfa-28100	367	1	thus	thus	ADV
cjfa-28100	367	2	,	,	PUNCT
cjfa-28100	367	3	stock	stock	NOUN
cjfa-28100	367	4	prices	price	NOUN
cjfa-28100	367	5	on	on	ADP
cjfa-28100	367	6	the	the	DET
cjfa-28100	367	7	nigerian	nigerian	ADJ
cjfa-28100	367	8	stock	stock	NOUN
cjfa-28100	367	9	market	market	NOUN
cjfa-28100	367	10	revolve	revolve	NOUN
cjfa-28100	367	11	around	around	ADP
cjfa-28100	367	12	the	the	DET
cjfa-28100	367	13	mean	mean	ADJ
cjfa-28100	367	14	price	price	NOUN
cjfa-28100	367	15	for	for	ADP
cjfa-28100	367	16	1	1	NUM
cjfa-28100	367	17	week	week	NOUN
cjfa-28100	367	18	in	in	ADP
cjfa-28100	367	19	the	the	DET
cjfa-28100	367	20	pre	pre	ADJ
cjfa-28100	367	21	meltdown	meltdown	NOUN
cjfa-28100	367	22	period	period	NOUN
cjfa-28100	367	23	before	before	ADP
cjfa-28100	367	24	increasing	increase	VERB
cjfa-28100	367	25	or	or	CCONJ
cjfa-28100	367	26	reducing	reduce	VERB
cjfa-28100	367	27	.	.	PUNCT
cjfa-28100	368	1	however	however	ADV
cjfa-28100	368	2	,	,	PUNCT
cjfa-28100	368	3	stock	stock	NOUN
cjfa-28100	368	4	prices	price	NOUN
cjfa-28100	368	5	revolve	revolve	VERB
cjfa-28100	368	6	around	around	ADP
cjfa-28100	368	7	the	the	DET
cjfa-28100	368	8	mean	mean	ADJ
cjfa-28100	368	9	price	price	NOUN
cjfa-28100	368	10	for	for	ADP
cjfa-28100	368	11	8–10	8–10	NOUN
cjfa-28100	368	12	weeks	week	NOUN
cjfa-28100	368	13	during	during	ADP
cjfa-28100	368	14	the	the	DET
cjfa-28100	368	15	whole	whole	ADJ
cjfa-28100	368	16	sample	sample	NOUN
cjfa-28100	368	17	period	period	NOUN
cjfa-28100	368	18	and	and	CCONJ
cjfa-28100	368	19	post	post	VERB
cjfa-28100	368	20	meltdown	meltdown	ADJ
cjfa-28100	368	21	period	period	NOUN
cjfa-28100	368	22	after	after	ADP
cjfa-28100	368	23	which	which	PRON
cjfa-28100	368	24	the	the	DET
cjfa-28100	368	25	price	price	NOUN
cjfa-28100	368	26	will	will	AUX
cjfa-28100	368	27	move	move	VERB
cjfa-28100	368	28	up	up	ADV
cjfa-28100	368	29	or	or	CCONJ
cjfa-28100	368	30	down	down	ADV
cjfa-28100	368	31	.	.	PUNCT
cjfa-28100	369	1	thus	thus	ADV
cjfa-28100	369	2	,	,	PUNCT
cjfa-28100	369	3	the	the	DET
cjfa-28100	369	4	nigerian	nigerian	ADJ
cjfa-28100	369	5	stock	stock	NOUN
cjfa-28100	369	6	market	market	NOUN
cjfa-28100	369	7	is	be	AUX
cjfa-28100	369	8	characterized	characterize	VERB
cjfa-28100	369	9	by	by	ADP
cjfa-28100	369	10	high	high	ADJ
cjfa-28100	369	11	degree	degree	NOUN
cjfa-28100	369	12	of	of	ADP
cjfa-28100	369	13	risk	risk	NOUN
cjfa-28100	369	14	and	and	CCONJ
cjfa-28100	369	15	uncertainty	uncertainty	NOUN
cjfa-28100	369	16	.	.	PUNCT
cjfa-28100	370	1	this	this	PRON
cjfa-28100	370	2	suggests	suggest	VERB
cjfa-28100	370	3	that	that	SCONJ
cjfa-28100	370	4	volatility	volatility	NOUN
cjfa-28100	370	5	could	could	AUX
cjfa-28100	370	6	have	have	VERB
cjfa-28100	370	7	permanent	permanent	ADJ
cjfa-28100	370	8	effect	effect	NOUN
cjfa-28100	370	9	on	on	ADP
cjfa-28100	370	10	future	future	ADJ
cjfa-28100	370	11	returns	return	NOUN
cjfa-28100	370	12	.	.	PUNCT
cjfa-28100	371	1	the	the	DET
cjfa-28100	371	2	study	study	NOUN
cjfa-28100	371	3	therefore	therefore	ADV
cjfa-28100	371	4	recommended	recommend	VERB
cjfa-28100	371	5	the	the	DET
cjfa-28100	371	6	need	need	NOUN
cjfa-28100	371	7	for	for	ADP
cjfa-28100	371	8	strict	strict	ADJ
cjfa-28100	371	9	monitoring	monitoring	NOUN
cjfa-28100	371	10	,	,	PUNCT
cjfa-28100	371	11	restriction	restriction	NOUN
cjfa-28100	371	12	and	and	CCONJ
cjfa-28100	371	13	regulation	regulation	NOUN
cjfa-28100	371	14	to	to	PART
cjfa-28100	371	15	discourage	discourage	VERB
cjfa-28100	371	16	desperately	desperately	ADV
cjfa-28100	371	17	optimistic	optimistic	ADJ
cjfa-28100	371	18	noise	noise	NOUN
cjfa-28100	371	19	(	(	PUNCT
cjfa-28100	371	20	rumour	rumour	NOUN
cjfa-28100	371	21	)	)	PUNCT
cjfa-28100	371	22	traders	trader	NOUN
cjfa-28100	371	23	(	(	PUNCT
cjfa-28100	371	24	investors	investor	NOUN
cjfa-28100	371	25	)	)	PUNCT
cjfa-28100	371	26	in	in	ADP
cjfa-28100	371	27	the	the	DET
cjfa-28100	371	28	market	market	NOUN
cjfa-28100	371	29	,	,	PUNCT
cjfa-28100	371	30	shorting	short	VERB
cjfa-28100	371	31	to	to	PART
cjfa-28100	371	32	make	make	VERB
cjfa-28100	371	33	money	money	NOUN
cjfa-28100	371	34	.	.	PUNCT
cjfa-28100	372	1	short	short	ADJ
cjfa-28100	372	2	selling	selling	NOUN
cjfa-28100	372	3	should	should	AUX
cjfa-28100	372	4	only	only	ADV
cjfa-28100	372	5	involve	involve	VERB
cjfa-28100	372	6	stocks	stock	NOUN
cjfa-28100	372	7	that	that	PRON
cjfa-28100	372	8	are	be	AUX
cjfa-28100	372	9	inventoried	inventorie	VERB
cjfa-28100	372	10	by	by	ADP
cjfa-28100	372	11	institutional	institutional	ADJ
cjfa-28100	372	12	investors	investor	NOUN
cjfa-28100	372	13	,	,	PUNCT
cjfa-28100	372	14	including	include	VERB
cjfa-28100	372	15	pension	pension	NOUN
cjfa-28100	372	16	funds	fund	NOUN
cjfa-28100	372	17	,	,	PUNCT
cjfa-28100	372	18	insurance	insurance	NOUN
cjfa-28100	372	19	companies	company	NOUN
cjfa-28100	372	20	and	and	CCONJ
cjfa-28100	372	21	index	index	NOUN
cjfa-28100	372	22	funds	fund	NOUN
cjfa-28100	372	23	(	(	PUNCT
cjfa-28100	372	24	all	all	PRON
cjfa-28100	372	25	of	of	ADP
cjfa-28100	372	26	whom	whom	PRON
cjfa-28100	372	27	have	have	VERB
cjfa-28100	372	28	long	long	ADJ
cjfa-28100	372	29	-	-	PUNCT
cjfa-28100	372	30	term	term	NOUN
cjfa-28100	372	31	plans	plan	NOUN
cjfa-28100	372	32	that	that	PRON
cjfa-28100	372	33	are	be	AUX
cjfa-28100	372	34	not	not	PART
cjfa-28100	372	35	expected	expect	VERB
cjfa-28100	372	36	to	to	PART
cjfa-28100	372	37	be	be	AUX
cjfa-28100	372	38	negatively	negatively	ADV
cjfa-28100	372	39	affected	affect	VERB
cjfa-28100	372	40	by	by	ADP
cjfa-28100	372	41	liquidity	liquidity	NOUN
cjfa-28100	372	42	constraints	constraint	NOUN
cjfa-28100	372	43	)	)	PUNCT
cjfa-28100	372	44	.	.	PUNCT
cjfa-28100	373	1	only	only	ADV
cjfa-28100	373	2	large	large	ADJ
cjfa-28100	373	3	capitalised	capitalise	VERB
cjfa-28100	373	4	stocks	stock	NOUN
cjfa-28100	373	5	should	should	AUX
cjfa-28100	373	6	be	be	AUX
cjfa-28100	373	7	offered	offer	VERB
cjfa-28100	373	8	for	for	ADP
cjfa-28100	373	9	short	short	ADJ
cjfa-28100	373	10	selling	selling	NOUN
cjfa-28100	373	11	(	(	PUNCT
cjfa-28100	373	12	they	they	PRON
cjfa-28100	373	13	likely	likely	ADJ
cjfa-28100	373	14	to	to	PART
cjfa-28100	373	15	be	be	AUX
cjfa-28100	373	16	easy	easy	ADJ
cjfa-28100	373	17	and	and	CCONJ
cjfa-28100	373	18	cheap	cheap	ADJ
cjfa-28100	373	19	to	to	PART
cjfa-28100	373	20	borrow	borrow	VERB
cjfa-28100	373	21	)	)	PUNCT
cjfa-28100	373	22	while	while	SCONJ
cjfa-28100	373	23	small	small	ADJ
cjfa-28100	373	24	capitalised	capitalise	VERB
cjfa-28100	373	25	stocks	stock	NOUN
cjfa-28100	373	26	with	with	ADP
cjfa-28100	373	27	slight	slight	ADJ
cjfa-28100	373	28	institutional	institutional	ADJ
cjfa-28100	373	29	ownership	ownership	NOUN
cjfa-28100	373	30	may	may	AUX
cjfa-28100	373	31	be	be	AUX
cjfa-28100	373	32	difficult	difficult	ADJ
cjfa-28100	373	33	and	and	CCONJ
cjfa-28100	373	34	expensive	expensive	ADJ
cjfa-28100	373	35	.	.	PUNCT
cjfa-28100	374	1	this	this	PRON
cjfa-28100	374	2	will	will	AUX
cjfa-28100	374	3	prevent	prevent	VERB
cjfa-28100	374	4	increase	increase	NOUN
cjfa-28100	374	5	in	in	ADP
cjfa-28100	374	6	the	the	DET
cjfa-28100	374	7	price	price	NOUN
cjfa-28100	374	8	of	of	ADP
cjfa-28100	374	9	already	already	ADV
cjfa-28100	374	10	overvalued	overvalue	VERB
cjfa-28100	374	11	stocks	stock	NOUN
cjfa-28100	374	12	,	,	PUNCT
cjfa-28100	374	13	which	which	PRON
cjfa-28100	374	14	can	can	AUX
cjfa-28100	374	15	extend	extend	VERB
cjfa-28100	374	16	the	the	DET
cjfa-28100	374	17	length	length	NOUN
cjfa-28100	374	18	and	and	CCONJ
cjfa-28100	374	19	degree	degree	NOUN
cjfa-28100	374	20	of	of	ADP
cjfa-28100	374	21	bubbles	bubble	NOUN
cjfa-28100	374	22	.	.	PUNCT
cjfa-28100	375	1	the	the	DET
cjfa-28100	375	2	exchange	exchange	NOUN
cjfa-28100	375	3	should	should	AUX
cjfa-28100	375	4	encourage	encourage	VERB
cjfa-28100	375	5	increase	increase	NOUN
cjfa-28100	375	6	in	in	ADP
cjfa-28100	375	7	the	the	DET
cjfa-28100	375	8	number	number	NOUN
cjfa-28100	375	9	of	of	ADP
cjfa-28100	375	10	professionals	professional	NOUN
cjfa-28100	375	11	in	in	ADP
cjfa-28100	375	12	the	the	DET
cjfa-28100	375	13	market	market	NOUN
cjfa-28100	375	14	(	(	PUNCT
cjfa-28100	375	15	the	the	DET
cjfa-28100	375	16	stockbrokers	stockbroker	NOUN
cjfa-28100	375	17	and	and	CCONJ
cjfa-28100	375	18	registrars	registrar	NOUN
cjfa-28100	375	19	especially	especially	ADV
cjfa-28100	375	20	)	)	PUNCT
cjfa-28100	375	21	to	to	PART
cjfa-28100	375	22	boost	boost	VERB
cjfa-28100	375	23	awareness	awareness	NOUN
cjfa-28100	375	24	of	of	ADP
cjfa-28100	375	25	the	the	DET
cjfa-28100	375	26	importance	importance	NOUN
cjfa-28100	375	27	of	of	ADP
cjfa-28100	375	28	the	the	DET
cjfa-28100	375	29	stock	stock	NOUN
cjfa-28100	375	30	market	market	NOUN
cjfa-28100	375	31	.	.	PUNCT
cjfa-28100	375	32	 	 	SPACE
cjfa-28100	376	1	references	reference	NOUN
cjfa-28100	376	2	adewale	adewale	PROPN
cjfa-28100	376	3	,	,	PUNCT
cjfa-28100	376	4	a.o	a.o	PROPN
cjfa-28100	376	5	.	.	PROPN
cjfa-28100	376	6	,	,	PUNCT
cjfa-28100	376	7	olufemi	olufemi	PROPN
cjfa-28100	376	8	,	,	PUNCT
cjfa-28100	376	9	a.p	a.p	PROPN
cjfa-28100	376	10	.	.	PROPN
cjfa-28100	376	11	,	,	PUNCT
cjfa-28100	376	12	&	&	CCONJ
cjfa-28100	376	13	oseko	oseko	PROPN
cjfa-28100	376	14	,	,	PUNCT
cjfa-28100	376	15	m.s	m.s	PROPN
cjfa-28100	376	16	.	.	PUNCT
cjfa-28100	376	17	(	(	PUNCT
cjfa-28100	376	18	2016	2016	NUM
cjfa-28100	376	19	)	)	PUNCT
cjfa-28100	376	20	.	.	PUNCT
cjfa-28100	377	1	modelling	model	VERB
cjfa-28100	377	2	volatility	volatility	NOUN
cjfa-28100	377	3	persistence	persistence	NOUN
cjfa-28100	377	4	and	and	CCONJ
cjfa-28100	377	5	asymmetry	asymmetry	NOUN
cjfa-28100	377	6	with	with	ADP
cjfa-28100	377	7	structural	structural	ADJ
cjfa-28100	377	8	break	break	NOUN
cjfa-28100	377	9	:	:	PUNCT
cjfa-28100	377	10	evidence	evidence	NOUN
cjfa-28100	377	11	from	from	ADP
cjfa-28100	377	12	the	the	DET
cjfa-28100	377	13	nigerian	nigerian	ADJ
cjfa-28100	377	14	stock	stock	NOUN
cjfa-28100	377	15	market	market	NOUN
cjfa-28100	377	16	.	.	PUNCT
cjfa-28100	378	1	journal	journal	PROPN
cjfa-28100	378	2	of	of	ADP
cjfa-28100	378	3	economics	economic	NOUN
cjfa-28100	378	4	and	and	CCONJ
cjfa-28100	378	5	behavioral	behavioral	ADJ
cjfa-28100	378	6	studies	study	NOUN
cjfa-28100	378	7	,	,	PUNCT
cjfa-28100	378	8	8(6	8(6	NUM
cjfa-28100	378	9	)	)	PUNCT
cjfa-28100	378	10	,	,	PUNCT
cjfa-28100	378	11	153–160	153–160	NUM
cjfa-28100	378	12	.	.	PUNCT
cjfa-28100	379	1	ahmed	ahmed	PROPN
cjfa-28100	379	2	,	,	PUNCT
cjfa-28100	379	3	a.e.m	a.e.m	PROPN
cjfa-28100	379	4	.	.	PUNCT
cjfa-28100	379	5	,	,	PUNCT
cjfa-28100	379	6	&	&	CCONJ
cjfa-28100	379	7	suliman	suliman	PROPN
cjfa-28100	379	8	,	,	PUNCT
cjfa-28100	379	9	s.z	s.z	PROPN
cjfa-28100	379	10	.	.	PUNCT
cjfa-28100	379	11	(	(	PUNCT
cjfa-28100	379	12	2011	2011	NUM
cjfa-28100	379	13	)	)	PUNCT
cjfa-28100	379	14	.	.	PUNCT
cjfa-28100	380	1	modeling	model	VERB
cjfa-28100	380	2	stock	stock	NOUN
cjfa-28100	380	3	market	market	NOUN
cjfa-28100	380	4	volatility	volatility	NOUN
cjfa-28100	380	5	using	use	VERB
cjfa-28100	380	6	garch	garch	NOUN
cjfa-28100	380	7	models	model	NOUN
cjfa-28100	380	8	evidence	evidence	NOUN
cjfa-28100	380	9	from	from	ADP
cjfa-28100	380	10	sudan	sudan	PROPN
cjfa-28100	380	11	.	.	PUNCT
cjfa-28100	381	1	international	international	ADJ
cjfa-28100	381	2	journal	journal	PROPN
cjfa-28100	381	3	of	of	ADP
cjfa-28100	381	4	business	business	NOUN
cjfa-28100	381	5	and	and	CCONJ
cjfa-28100	381	6	social	social	ADJ
cjfa-28100	381	7	science	science	NOUN
cjfa-28100	381	8	,	,	PUNCT
cjfa-28100	381	9	2(23	2(23	NOUN
cjfa-28100	381	10	)	)	PUNCT
cjfa-28100	381	11	,	,	PUNCT
cjfa-28100	381	12	114–128	114–128	NUM
cjfa-28100	381	13	.	.	PUNCT
cjfa-28100	382	1	kamaldeen	kamaldeen	VERB
cjfa-28100	382	2	ibraheem	ibraheem	PROPN
cjfa-28100	382	3	nageri92	nageri92	PROPN
cjfa-28100	382	4	aluko	aluko	PROPN
cjfa-28100	382	5	,	,	PUNCT
cjfa-28100	382	6	o.a	o.a	PROPN
cjfa-28100	382	7	.	.	PROPN
cjfa-28100	382	8	,	,	PUNCT
cjfa-28100	382	9	adeyeye	adeyeye	PROPN
cjfa-28100	382	10	,	,	PUNCT
cjfa-28100	382	11	p.o	p.o	PROPN
cjfa-28100	382	12	.	.	PROPN
cjfa-28100	382	13	,	,	PUNCT
cjfa-28100	382	14	&	&	CCONJ
cjfa-28100	382	15	migiro	migiro	ADV
cjfa-28100	382	16	,	,	PUNCT
cjfa-28100	382	17	s.o	s.o	PROPN
cjfa-28100	382	18	.	.	PROPN
cjfa-28100	382	19	(	(	PUNCT
cjfa-28100	382	20	2016	2016	NUM
cjfa-28100	382	21	)	)	PUNCT
cjfa-28100	382	22	.	.	PUNCT
cjfa-28100	383	1	modelling	model	VERB
cjfa-28100	383	2	volatility	volatility	NOUN
cjfa-28100	383	3	persistence	persistence	NOUN
cjfa-28100	383	4	and	and	CCONJ
cjfa-28100	383	5	asymmetry	asymmetry	NOUN
cjfa-28100	383	6	with	with	ADP
cjfa-28100	383	7	structural	structural	ADJ
cjfa-28100	383	8	break	break	NOUN
cjfa-28100	383	9	:	:	PUNCT
cjfa-28100	383	10	evidence	evidence	NOUN
cjfa-28100	383	11	from	from	ADP
cjfa-28100	383	12	the	the	DET
cjfa-28100	383	13	nigerian	nigerian	ADJ
cjfa-28100	383	14	stock	stock	NOUN
cjfa-28100	383	15	market	market	NOUN
cjfa-28100	383	16	.	.	PUNCT
cjfa-28100	384	1	journal	journal	PROPN
cjfa-28100	384	2	of	of	ADP
cjfa-28100	384	3	economics	economic	NOUN
cjfa-28100	384	4	and	and	CCONJ
cjfa-28100	384	5	behavioral	behavioral	ADJ
cjfa-28100	384	6	studies	study	NOUN
cjfa-28100	384	7	,	,	PUNCT
cjfa-28100	384	8	8(6	8(6	NUM
cjfa-28100	384	9	)	)	PUNCT
cjfa-28100	384	10	,	,	PUNCT
cjfa-28100	384	11	153–160	153–160	NUM
cjfa-28100	384	12	.	.	PUNCT
cjfa-28100	385	1	bakshi	bakshi	PROPN
cjfa-28100	385	2	,	,	PUNCT
cjfa-28100	385	3	g.	g.	PROPN
cjfa-28100	385	4	,	,	PUNCT
cjfa-28100	385	5	cao	cao	PROPN
cjfa-28100	385	6	,	,	PUNCT
cjfa-28100	385	7	c.	c.	PROPN
cjfa-28100	385	8	,	,	PUNCT
cjfa-28100	385	9	&	&	CCONJ
cjfa-28100	385	10	chen	chen	PROPN
cjfa-28100	385	11	,	,	PUNCT
cjfa-28100	385	12	z.	z.	PROPN
cjfa-28100	385	13	(	(	PUNCT
cjfa-28100	385	14	1997	1997	NUM
cjfa-28100	385	15	)	)	PUNCT
cjfa-28100	385	16	.	.	PUNCT
cjfa-28100	386	1	empirical	empirical	ADJ
cjfa-28100	386	2	performance	performance	NOUN
cjfa-28100	386	3	of	of	ADP
cjfa-28100	386	4	alternative	alternative	ADJ
cjfa-28100	386	5	option	option	NOUN
cjfa-28100	386	6	pricing	pricing	NOUN
cjfa-28100	386	7	models	model	NOUN
cjfa-28100	386	8	.	.	PUNCT
cjfa-28100	387	1	journal	journal	NOUN
cjfa-28100	387	2	of	of	ADP
cjfa-28100	387	3	finance	finance	NOUN
cjfa-28100	387	4	,	,	PUNCT
cjfa-28100	387	5	52	52	NUM
cjfa-28100	387	6	,	,	PUNCT
cjfa-28100	387	7	2003–2049	2003–2049	NUM
cjfa-28100	387	8	.	.	PUNCT
cjfa-28100	388	1	bates	bates	PROPN
cjfa-28100	388	2	,	,	PUNCT
cjfa-28100	388	3	d.	d.	PROPN
cjfa-28100	388	4	(	(	PUNCT
cjfa-28100	388	5	2000	2000	NUM
cjfa-28100	388	6	)	)	PUNCT
cjfa-28100	388	7	.	.	PUNCT
cjfa-28100	389	1	post-’87	post-’87	NOUN
cjfa-28100	389	2	crash	crash	VERB
cjfa-28100	389	3	fears	fear	NOUN
cjfa-28100	389	4	in	in	ADP
cjfa-28100	389	5	s&p	s&p	PROPN
cjfa-28100	389	6	500	500	NUM
cjfa-28100	389	7	futures	future	NOUN
cjfa-28100	389	8	options	option	NOUN
cjfa-28100	389	9	.	.	PUNCT
cjfa-28100	390	1	journal	journal	PROPN
cjfa-28100	390	2	of	of	ADP
cjfa-28100	390	3	econometrics	econometric	NOUN
cjfa-28100	390	4	,	,	PUNCT
cjfa-28100	390	5	94	94	NUM
cjfa-28100	390	6	,	,	PUNCT
cjfa-28100	390	7	181–238	181–238	NUM
cjfa-28100	390	8	.	.	PUNCT
cjfa-28100	391	1	http://dx.doi.org/10.1016/s0304-4076(99)00021-4	http://dx.doi.org/10.1016/s0304-4076(99)00021-4	PROPN
cjfa-28100	391	2	.	.	PROPN
cjfa-28100	391	3	bollerslev	bollerslev	PROPN
cjfa-28100	391	4	,	,	PUNCT
cjfa-28100	391	5	t.	t.	PROPN
cjfa-28100	391	6	(	(	PUNCT
cjfa-28100	391	7	1986	1986	NUM
cjfa-28100	391	8	)	)	PUNCT
cjfa-28100	391	9	.	.	PUNCT
cjfa-28100	392	1	generalised	generalise	VERB
cjfa-28100	392	2	autoregressive	autoregressive	ADJ
cjfa-28100	392	3	conditional	conditional	ADJ
cjfa-28100	392	4	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	392	5	.	.	PUNCT
cjfa-28100	393	1	journal	journal	PROPN
cjfa-28100	393	2	of	of	ADP
cjfa-28100	393	3	econometrics	econometric	NOUN
cjfa-28100	393	4	,	,	PUNCT
cjfa-28100	393	5	31	31	NUM
cjfa-28100	393	6	,	,	PUNCT
cjfa-28100	393	7	307–327	307–327	NUM
cjfa-28100	393	8	.	.	PUNCT
cjfa-28100	394	1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	X
cjfa-28100	394	2	.	.	PUNCT
cjfa-28100	395	1	campbell	campbell	PROPN
cjfa-28100	395	2	,	,	PUNCT
cjfa-28100	395	3	j.y	j.y	PROPN
cjfa-28100	395	4	.	.	PROPN
cjfa-28100	395	5	,	,	PUNCT
cjfa-28100	395	6	lettau	lettau	PROPN
cjfa-28100	395	7	,	,	PUNCT
cjfa-28100	395	8	m.	m.	NOUN
cjfa-28100	395	9	,	,	PUNCT
cjfa-28100	395	10	malkiel	malkiel	PROPN
cjfa-28100	395	11	,	,	PUNCT
cjfa-28100	395	12	b.g	b.g	PROPN
cjfa-28100	395	13	.	.	PROPN
cjfa-28100	395	14	,	,	PUNCT
cjfa-28100	395	15	&	&	CCONJ
cjfa-28100	395	16	xu	xu	PROPN
cjfa-28100	395	17	,	,	PUNCT
cjfa-28100	395	18	y.	y.	PROPN
cjfa-28100	395	19	(	(	PUNCT
cjfa-28100	395	20	2001	2001	NUM
cjfa-28100	395	21	)	)	PUNCT
cjfa-28100	395	22	.	.	PUNCT
cjfa-28100	396	1	have	have	VERB
cjfa-28100	396	2	individual	individual	ADJ
cjfa-28100	396	3	stocks	stock	NOUN
cjfa-28100	396	4	become	become	VERB
cjfa-28100	396	5	more	more	ADV
cjfa-28100	396	6	volatile	volatile	ADJ
cjfa-28100	396	7	?	?	PUNCT
cjfa-28100	397	1	an	an	DET
cjfa-28100	397	2	empirical	empirical	ADJ
cjfa-28100	397	3	exploration	exploration	NOUN
cjfa-28100	397	4	of	of	ADP
cjfa-28100	397	5	idiosyncratic	idiosyncratic	ADJ
cjfa-28100	397	6	risk	risk	NOUN
cjfa-28100	397	7	.	.	PUNCT
cjfa-28100	398	1	journal	journal	NOUN
cjfa-28100	398	2	of	of	ADP
cjfa-28100	398	3	finance	finance	NOUN
cjfa-28100	398	4	,	,	PUNCT
cjfa-28100	398	5	56	56	NUM
cjfa-28100	398	6	,	,	PUNCT
cjfa-28100	398	7	1–43	1–43	PROPN
cjfa-28100	398	8	.	.	PUNCT
cjfa-28100	399	1	central	central	PROPN
cjfa-28100	399	2	bank	bank	PROPN
cjfa-28100	399	3	of	of	ADP
cjfa-28100	399	4	nigeria	nigeria	PROPN
cjfa-28100	399	5	(	(	PUNCT
cjfa-28100	399	6	cbn	cbn	PROPN
cjfa-28100	399	7	)	)	PUNCT
cjfa-28100	399	8	.	.	PUNCT
cjfa-28100	400	1	statistical	statistical	ADJ
cjfa-28100	400	2	bulletin	bulletin	NOUN
cjfa-28100	400	3	(	(	PUNCT
cjfa-28100	400	4	various	various	ADJ
cjfa-28100	400	5	years	year	NOUN
cjfa-28100	400	6	)	)	PUNCT
cjfa-28100	400	7	,	,	PUNCT
cjfa-28100	400	8	https://www.cbn	https://www.cbn	PROPN
cjfa-28100	400	9	.	.	PUNCT
cjfa-28100	401	1	gov.ng	gov.ng	PROPN
cjfa-28100	401	2	.	.	PUNCT
cjfa-28100	402	1	(	(	PUNCT
cjfa-28100	402	2	accessed	access	VERB
cjfa-28100	402	3	:	:	PUNCT
cjfa-28100	402	4	23.02.2017	23.02.2017	NUM
cjfa-28100	402	5	)	)	PUNCT
cjfa-28100	402	6	.	.	PUNCT
cjfa-28100	403	1	chao	chao	PROPN
cjfa-28100	403	2	,	,	PUNCT
cjfa-28100	403	3	y.	y.	PROPN
cjfa-28100	403	4	,	,	PUNCT
cjfa-28100	403	5	liu	liu	PROPN
cjfa-28100	403	6	,	,	PUNCT
cjfa-28100	403	7	x.	x.	PROPN
cjfa-28100	403	8	,	,	PUNCT
cjfa-28100	403	9	&	&	CCONJ
cjfa-28100	403	10	guo	guo	PROPN
cjfa-28100	403	11	,	,	PUNCT
cjfa-28100	403	12	s.	s.	PROPN
cjfa-28100	403	13	(	(	PUNCT
cjfa-28100	403	14	2017	2017	NUM
cjfa-28100	403	15	)	)	PUNCT
cjfa-28100	403	16	.	.	PUNCT
cjfa-28100	404	1	sign	sign	NOUN
cjfa-28100	404	2	realized	realize	VERB
cjfa-28100	404	3	jump	jump	NOUN
cjfa-28100	404	4	risk	risk	NOUN
cjfa-28100	404	5	and	and	CCONJ
cjfa-28100	404	6	the	the	DET
cjfa-28100	404	7	cross	cross	NOUN
cjfa-28100	404	8	-	-	NOUN
cjfa-28100	404	9	section	section	NOUN
cjfa-28100	404	10	of	of	ADP
cjfa-28100	404	11	stock	stock	NOUN
cjfa-28100	404	12	returns	return	NOUN
cjfa-28100	404	13	:	:	PUNCT
cjfa-28100	404	14	evidence	evidence	NOUN
cjfa-28100	404	15	from	from	ADP
cjfa-28100	404	16	china	china	PROPN
cjfa-28100	404	17	’s	’s	PART
cjfa-28100	404	18	stock	stock	NOUN
cjfa-28100	404	19	market	market	NOUN
cjfa-28100	404	20	.	.	PUNCT
cjfa-28100	405	1	plos	plos	PROPN
cjfa-28100	405	2	one	one	NUM
cjfa-28100	405	3	,	,	PUNCT
cjfa-28100	405	4	12(8	12(8	NUM
cjfa-28100	405	5	)	)	PUNCT
cjfa-28100	405	6	,	,	PUNCT
cjfa-28100	405	7	1–14	1–14	PROPN
cjfa-28100	405	8	.	.	PUNCT
cjfa-28100	405	9	http://dx.doi	http://dx.doi	PROPN
cjfa-28100	405	10	.	.	PUNCT
cjfa-28100	406	1	org/10.1371	org/10.1371	PROPN
cjfa-28100	406	2	/	/	SYM
cjfa-28100	406	3	journal.pone.0181990	journal.pone.0181990	PROPN
cjfa-28100	406	4	.	.	PROPN
cjfa-28100	406	5	dikko	dikko	PROPN
cjfa-28100	406	6	,	,	PUNCT
cjfa-28100	406	7	h.g	h.g	PROPN
cjfa-28100	406	8	.	.	PROPN
cjfa-28100	406	9	,	,	PUNCT
cjfa-28100	406	10	asiribo	asiribo	PROPN
cjfa-28100	406	11	,	,	PUNCT
cjfa-28100	406	12	o.e	o.e	PROPN
cjfa-28100	406	13	.	.	PROPN
cjfa-28100	406	14	,	,	PUNCT
cjfa-28100	406	15	&	&	CCONJ
cjfa-28100	406	16	samson	samson	PROPN
cjfa-28100	406	17	,	,	PUNCT
cjfa-28100	406	18	a.	a.	NOUN
cjfa-28100	406	19	(	(	PUNCT
cjfa-28100	406	20	2015	2015	NUM
cjfa-28100	406	21	)	)	PUNCT
cjfa-28100	406	22	.	.	PUNCT
cjfa-28100	407	1	modelling	model	VERB
cjfa-28100	407	2	abrupt	abrupt	ADJ
cjfa-28100	407	3	shift	shift	NOUN
cjfa-28100	407	4	in	in	ADP
cjfa-28100	407	5	time	time	NOUN
cjfa-28100	407	6	series	series	PROPN
cjfa-28100	407	7	using	use	VERB
cjfa-28100	407	8	indicator	indicator	NOUN
cjfa-28100	407	9	variable	variable	NOUN
cjfa-28100	407	10	:	:	PUNCT
cjfa-28100	407	11	evidence	evidence	NOUN
cjfa-28100	407	12	of	of	ADP
cjfa-28100	407	13	nigerian	nigerian	ADJ
cjfa-28100	407	14	insurance	insurance	NOUN
cjfa-28100	407	15	stock	stock	NOUN
cjfa-28100	407	16	.	.	PUNCT
cjfa-28100	408	1	international	international	ADJ
cjfa-28100	408	2	journal	journal	PROPN
cjfa-28100	408	3	of	of	ADP
cjfa-28100	408	4	finance	finance	NOUN
cjfa-28100	408	5	and	and	CCONJ
cjfa-28100	408	6	accounting	accounting	NOUN
cjfa-28100	408	7	,	,	PUNCT
cjfa-28100	408	8	4(2	4(2	NUM
cjfa-28100	408	9	)	)	PUNCT
cjfa-28100	408	10	,	,	PUNCT
cjfa-28100	408	11	119–130	119–130	NUM
cjfa-28100	408	12	.	.	PUNCT
cjfa-28100	409	1	engle	engle	PROPN
cjfa-28100	409	2	,	,	PUNCT
cjfa-28100	409	3	r.f	r.f	PROPN
cjfa-28100	409	4	.	.	PROPN
cjfa-28100	409	5	&	&	CCONJ
cjfa-28100	409	6	patton	patton	PROPN
cjfa-28100	409	7	,	,	PUNCT
cjfa-28100	409	8	a.j	a.j	PROPN
cjfa-28100	409	9	.	.	PROPN
cjfa-28100	409	10	(	(	PUNCT
cjfa-28100	409	11	2001	2001	NUM
cjfa-28100	409	12	)	)	PUNCT
cjfa-28100	409	13	.	.	PUNCT
cjfa-28100	410	1	what	what	PRON
cjfa-28100	410	2	good	good	ADJ
cjfa-28100	410	3	is	be	AUX
cjfa-28100	410	4	a	a	DET
cjfa-28100	410	5	volatility	volatility	NOUN
cjfa-28100	410	6	model	model	NOUN
cjfa-28100	410	7	.	.	PUNCT
cjfa-28100	411	1	quantitative	quantitative	ADJ
cjfa-28100	411	2	finance	finance	NOUN
cjfa-28100	411	3	,	,	PUNCT
cjfa-28100	411	4	1	1	NUM
cjfa-28100	411	5	,	,	PUNCT
cjfa-28100	411	6	237–245	237–245	NUM
cjfa-28100	411	7	.	.	PUNCT
cjfa-28100	412	1	http://dx.doi.org/10.1088/1469-7688/1/2/305	http://dx.doi.org/10.1088/1469-7688/1/2/305	PROPN
cjfa-28100	412	2	.	.	PUNCT
cjfa-28100	412	3	engle	engle	PROPN
cjfa-28100	412	4	,	,	PUNCT
cjfa-28100	412	5	r.f	r.f	PROPN
cjfa-28100	412	6	.	.	PROPN
cjfa-28100	412	7	(	(	PUNCT
cjfa-28100	412	8	1982	1982	NUM
cjfa-28100	412	9	)	)	PUNCT
cjfa-28100	412	10	.	.	PUNCT
cjfa-28100	413	1	autoregressive	autoregressive	ADJ
cjfa-28100	413	2	conditional	conditional	ADJ
cjfa-28100	413	3	heteroskedasticity	heteroskedasticity	NOUN
cjfa-28100	413	4	with	with	ADP
cjfa-28100	413	5	estimates	estimate	NOUN
cjfa-28100	413	6	of	of	ADP
cjfa-28100	413	7	the	the	DET
cjfa-28100	413	8	variance	variance	NOUN
cjfa-28100	413	9	of	of	ADP
cjfa-28100	413	10	united	united	PROPN
cjfa-28100	413	11	kingdom	kingdom	PROPN
cjfa-28100	413	12	inflation	inflation	NOUN
cjfa-28100	413	13	.	.	PUNCT
cjfa-28100	414	1	econometrica	econometrica	PROPN
cjfa-28100	414	2	,	,	PUNCT
cjfa-28100	414	3	50	50	NUM
cjfa-28100	414	4	,	,	PUNCT
cjfa-28100	414	5	987–1007	987–1007	NUM
cjfa-28100	414	6	.	.	PUNCT
cjfa-28100	415	1	fasanya	fasanya	ADJ
cjfa-28100	415	2	,	,	PUNCT
cjfa-28100	415	3	i.o	i.o	PROPN
cjfa-28100	415	4	.	.	PROPN
cjfa-28100	415	5	,	,	PUNCT
cjfa-28100	415	6	&	&	CCONJ
cjfa-28100	415	7	adekoya	adekoya	PROPN
cjfa-28100	415	8	,	,	PUNCT
cjfa-28100	415	9	o.b	o.b	PROPN
cjfa-28100	415	10	.	.	PROPN
cjfa-28100	415	11	(	(	PUNCT
cjfa-28100	415	12	2017	2017	NUM
cjfa-28100	415	13	)	)	PUNCT
cjfa-28100	415	14	.	.	PUNCT
cjfa-28100	416	1	modelling	model	VERB
cjfa-28100	416	2	inflation	inflation	NOUN
cjfa-28100	416	3	rate	rate	NOUN
cjfa-28100	416	4	volatility	volatility	NOUN
cjfa-28100	416	5	in	in	ADP
cjfa-28100	416	6	nigeria	nigeria	PROPN
cjfa-28100	416	7	with	with	ADP
cjfa-28100	416	8	structural	structural	ADJ
cjfa-28100	416	9	breaks	break	NOUN
cjfa-28100	416	10	.	.	PUNCT
cjfa-28100	417	1	cbn	cbn	PROPN
cjfa-28100	417	2	journal	journal	PROPN
cjfa-28100	417	3	of	of	ADP
cjfa-28100	417	4	applied	apply	VERB
cjfa-28100	417	5	statistics	statistic	NOUN
cjfa-28100	417	6	,	,	PUNCT
cjfa-28100	417	7	8(1	8(1	NOUN
cjfa-28100	417	8	)	)	PUNCT
cjfa-28100	417	9	,	,	PUNCT
cjfa-28100	417	10	175–193	175–193	NUM
cjfa-28100	417	11	.	.	PUNCT
cjfa-28100	418	1	fostel	fostel	PROPN
cjfa-28100	418	2	,	,	PUNCT
cjfa-28100	418	3	a.	a.	PROPN
cjfa-28100	418	4	&	&	CCONJ
cjfa-28100	418	5	geanakoplos	geanakoplos	PROPN
cjfa-28100	418	6	,	,	PUNCT
cjfa-28100	418	7	j.	j.	PROPN
cjfa-28100	418	8	(	(	PUNCT
cjfa-28100	418	9	2012).why	2012).why	PROPN
cjfa-28100	418	10	does	do	AUX
cjfa-28100	418	11	bad	bad	ADJ
cjfa-28100	418	12	news	news	NOUN
cjfa-28100	418	13	increase	increase	NOUN
cjfa-28100	418	14	volatility	volatility	NOUN
cjfa-28100	418	15	and	and	CCONJ
cjfa-28100	418	16	decrease	decrease	NOUN
cjfa-28100	418	17	leverage	leverage	NOUN
cjfa-28100	418	18	?	?	PUNCT
cjfa-28100	419	1	journal	journal	NOUN
cjfa-28100	419	2	of	of	ADP
cjfa-28100	419	3	economic	economic	ADJ
cjfa-28100	419	4	theory	theory	NOUN
cjfa-28100	419	5	,	,	PUNCT
cjfa-28100	419	6	147	147	NUM
cjfa-28100	419	7	,	,	PUNCT
cjfa-28100	419	8	501–525	501–525	NUM
cjfa-28100	419	9	.	.	PUNCT
cjfa-28100	420	1	http://dx.doi.org/10.1016/j	http://dx.doi.org/10.1016/j	PROPN
cjfa-28100	420	2	.	.	PUNCT
cjfa-28100	420	3	jet.2011.07.001	jet.2011.07.001	PROPN
cjfa-28100	420	4	.	.	PUNCT
cjfa-28100	421	1	gil	gil	PROPN
cjfa-28100	421	2	-	-	PROPN
cjfa-28100	421	3	alana	alana	PROPN
cjfa-28100	421	4	,	,	PUNCT
cjfa-28100	421	5	l.a	l.a	PROPN
cjfa-28100	421	6	.	.	PROPN
cjfa-28100	421	7	,	,	PUNCT
cjfa-28100	421	8	yaya	yaya	PROPN
cjfa-28100	421	9	,	,	PUNCT
cjfa-28100	421	10	o.s	o.s	PROPN
cjfa-28100	421	11	.	.	PROPN
cjfa-28100	421	12	,	,	PUNCT
cjfa-28100	421	13	&	&	CCONJ
cjfa-28100	421	14	adepoju	adepoju	PROPN
cjfa-28100	421	15	,	,	PUNCT
cjfa-28100	421	16	a.a	a.a	PROPN
cjfa-28100	421	17	.	.	PROPN
cjfa-28100	421	18	(	(	PUNCT
cjfa-28100	421	19	2015	2015	NUM
cjfa-28100	421	20	)	)	PUNCT
cjfa-28100	421	21	.	.	PUNCT
cjfa-28100	422	1	fractional	fractional	ADJ
cjfa-28100	422	2	integration	integration	NOUN
cjfa-28100	422	3	and	and	CCONJ
cjfa-28100	422	4	structural	structural	ADJ
cjfa-28100	422	5	breaks	break	NOUN
cjfa-28100	422	6	in	in	ADP
cjfa-28100	422	7	bank	bank	NOUN
cjfa-28100	422	8	share	share	NOUN
cjfa-28100	422	9	prices	price	NOUN
cjfa-28100	422	10	in	in	ADP
cjfa-28100	422	11	nigeria	nigeria	PROPN
cjfa-28100	422	12	.	.	PUNCT
cjfa-28100	423	1	review	review	NOUN
cjfa-28100	423	2	of	of	ADP
cjfa-28100	423	3	development	development	NOUN
cjfa-28100	423	4	finance	finance	NOUN
cjfa-28100	423	5	,	,	PUNCT
cjfa-28100	423	6	5	5	NUM
cjfa-28100	423	7	,	,	PUNCT
cjfa-28100	423	8	13–23	13–23	NUM
cjfa-28100	423	9	.	.	PUNCT
cjfa-28100	424	1	http://dx.doi.org/10.1016/j.rdf.2014.07.004	http://dx.doi.org/10.1016/j.rdf.2014.07.004	PROPN
cjfa-28100	424	2	.	.	PUNCT
cjfa-28100	425	1	goudarzi	goudarzi	PROPN
cjfa-28100	425	2	,	,	PUNCT
cjfa-28100	425	3	h.	h.	PROPN
cjfa-28100	425	4	(	(	PUNCT
cjfa-28100	425	5	2013	2013	NUM
cjfa-28100	425	6	)	)	PUNCT
cjfa-28100	425	7	.	.	PUNCT
cjfa-28100	426	1	volatility	volatility	NOUN
cjfa-28100	426	2	mean	mean	VERB
cjfa-28100	426	3	reversion	reversion	NOUN
cjfa-28100	426	4	and	and	CCONJ
cjfa-28100	426	5	stock	stock	NOUN
cjfa-28100	426	6	market	market	NOUN
cjfa-28100	426	7	efficiency	efficiency	NOUN
cjfa-28100	426	8	.	.	PUNCT
cjfa-28100	427	1	asian	asian	ADJ
cjfa-28100	427	2	economic	economic	ADJ
cjfa-28100	427	3	and	and	CCONJ
cjfa-28100	427	4	financial	financial	ADJ
cjfa-28100	427	5	review	review	NOUN
cjfa-28100	427	6	,	,	PUNCT
cjfa-28100	427	7	3(12	3(12	NUM
cjfa-28100	427	8	)	)	PUNCT
cjfa-28100	427	9	,	,	PUNCT
cjfa-28100	427	10	1681–1692	1681–1692	NUM
cjfa-28100	427	11	.	.	PUNCT
cjfa-28100	428	1	goudarzi	goudarzi	PROPN
cjfa-28100	428	2	,	,	PUNCT
cjfa-28100	428	3	h.	h.	PROPN
cjfa-28100	428	4	(	(	PUNCT
cjfa-28100	428	5	2014	2014	NUM
cjfa-28100	428	6	)	)	PUNCT
cjfa-28100	428	7	.	.	PUNCT
cjfa-28100	429	1	stock	stock	NOUN
cjfa-28100	429	2	market	market	NOUN
cjfa-28100	429	3	volatility	volatility	NOUN
cjfa-28100	429	4	under	under	ADP
cjfa-28100	429	5	sanctions	sanction	NOUN
cjfa-28100	429	6	.	.	PUNCT
cjfa-28100	430	1	international	international	ADJ
cjfa-28100	430	2	journal	journal	PROPN
cjfa-28100	430	3	of	of	ADP
cjfa-28100	430	4	management	management	NOUN
cjfa-28100	430	5	and	and	CCONJ
cjfa-28100	430	6	sustainability	sustainability	NOUN
cjfa-28100	430	7	,	,	PUNCT
cjfa-28100	430	8	3(4	3(4	NUM
cjfa-28100	430	9	)	)	PUNCT
cjfa-28100	430	10	,	,	PUNCT
cjfa-28100	430	11	234–249	234–249	NUM
cjfa-28100	430	12	.	.	PUNCT
cjfa-28100	431	1	hammoudeh	hammoudeh	PROPN
cjfa-28100	431	2	,	,	PUNCT
cjfa-28100	431	3	s.	s.	PROPN
cjfa-28100	431	4	,	,	PUNCT
cjfa-28100	431	5	&	&	CCONJ
cjfa-28100	431	6	li	li	PROPN
cjfa-28100	431	7	,	,	PUNCT
cjfa-28100	431	8	h.	h.	PROPN
cjfa-28100	431	9	(	(	PUNCT
cjfa-28100	431	10	2008	2008	NUM
cjfa-28100	431	11	)	)	PUNCT
cjfa-28100	431	12	.	.	PUNCT
cjfa-28100	432	1	sudden	sudden	ADJ
cjfa-28100	432	2	changes	change	NOUN
cjfa-28100	432	3	in	in	ADP
cjfa-28100	432	4	volatility	volatility	NOUN
cjfa-28100	432	5	in	in	ADP
cjfa-28100	432	6	emerging	emerge	VERB
cjfa-28100	432	7	markets	market	NOUN
cjfa-28100	432	8	.	.	PUNCT
cjfa-28100	433	1	the	the	DET
cjfa-28100	433	2	case	case	NOUN
cjfa-28100	433	3	of	of	ADP
cjfa-28100	433	4	gulf	gulf	PROPN
cjfa-28100	433	5	arab	arab	ADJ
cjfa-28100	433	6	stock	stock	NOUN
cjfa-28100	433	7	markets	market	NOUN
cjfa-28100	433	8	.	.	PUNCT
cjfa-28100	434	1	international	international	ADJ
cjfa-28100	434	2	review	review	NOUN
cjfa-28100	434	3	of	of	ADP
cjfa-28100	434	4	financial	financial	ADJ
cjfa-28100	434	5	analysis	analysis	NOUN
cjfa-28100	434	6	,	,	PUNCT
cjfa-28100	434	7	17(1	17(1	NUM
cjfa-28100	434	8	)	)	PUNCT
cjfa-28100	434	9	,	,	PUNCT
cjfa-28100	434	10	47	47	NUM
cjfa-28100	434	11	–	–	PUNCT
cjfa-28100	434	12	 	 	SPACE
cjfa-28100	434	13	63	63	NUM
cjfa-28100	434	14	.	.	PUNCT
cjfa-28100	434	15	http://dx.doi.org/10.1016/j.irfa.2005.01.002	http://dx.doi.org/10.1016/j.irfa.2005.01.002	PROPN
cjfa-28100	434	16	.	.	PUNCT
cjfa-28100	435	1	kuhe	kuhe	NOUN
cjfa-28100	435	2	,	,	PUNCT
cjfa-28100	435	3	d.a	d.a	PROPN
cjfa-28100	435	4	.	.	PROPN
cjfa-28100	435	5	(	(	PUNCT
cjfa-28100	435	6	2018	2018	NUM
cjfa-28100	435	7	)	)	PUNCT
cjfa-28100	435	8	.	.	PUNCT
cjfa-28100	436	1	modeling	model	VERB
cjfa-28100	436	2	volatility	volatility	NOUN
cjfa-28100	436	3	persistence	persistence	NOUN
cjfa-28100	436	4	and	and	CCONJ
cjfa-28100	436	5	asymmetry	asymmetry	NOUN
cjfa-28100	436	6	with	with	ADP
cjfa-28100	436	7	exogenous	exogenous	ADJ
cjfa-28100	436	8	breaks	break	NOUN
cjfa-28100	436	9	in	in	ADP
cjfa-28100	436	10	the	the	DET
cjfa-28100	436	11	nigerian	nigerian	ADJ
cjfa-28100	436	12	stock	stock	NOUN
cjfa-28100	436	13	returns	return	NOUN
cjfa-28100	436	14	.	.	PUNCT
cjfa-28100	437	1	cbn	cbn	PROPN
cjfa-28100	437	2	journal	journal	PROPN
cjfa-28100	437	3	of	of	ADP
cjfa-28100	437	4	applied	applied	ADJ
cjfa-28100	437	5	statistics	statistic	NOUN
cjfa-28100	437	6	,	,	PUNCT
cjfa-28100	437	7	9(1	9(1	NUM
cjfa-28100	437	8	)	)	PUNCT
cjfa-28100	437	9	,	,	PUNCT
cjfa-28100	437	10	167–196	167–196	NUM
cjfa-28100	437	11	.	.	PUNCT
cjfa-28100	438	1	http://dx.doi.org/10.9734/arjom/2017/33063	http://dx.doi.org/10.9734/arjom/2017/33063	NOUN
cjfa-28100	438	2	.	.	PUNCT
cjfa-28100	439	1	evaluating	evaluate	VERB
cjfa-28100	439	2	volatility	volatility	NOUN
cjfa-28100	439	3	persistence	persistence	NOUN
cjfa-28100	439	4	of	of	ADP
cjfa-28100	439	5	stock	stock	NOUN
cjfa-28100	439	6	return	return	NOUN
cjfa-28100	439	7	…	…	PUNCT
cjfa-28100	439	8	93	93	NUM
cjfa-28100	439	9	kuhe	kuhe	NOUN
cjfa-28100	439	10	,	,	PUNCT
cjfa-28100	439	11	d.a	d.a	PROPN
cjfa-28100	439	12	.	.	PROPN
cjfa-28100	439	13	,	,	PUNCT
cjfa-28100	439	14	&	&	CCONJ
cjfa-28100	439	15	chiawa	chiawa	PROPN
cjfa-28100	439	16	,	,	PUNCT
cjfa-28100	439	17	m.a	m.a	PROPN
cjfa-28100	439	18	.	.	PROPN
cjfa-28100	439	19	(	(	PUNCT
cjfa-28100	439	20	2017	2017	NUM
cjfa-28100	439	21	)	)	PUNCT
cjfa-28100	439	22	.	.	PUNCT
cjfa-28100	440	1	modelling	model	VERB
cjfa-28100	440	2	volatility	volatility	NOUN
cjfa-28100	440	3	of	of	ADP
cjfa-28100	440	4	asset	asset	NOUN
cjfa-28100	440	5	returns	return	NOUN
cjfa-28100	440	6	in	in	ADP
cjfa-28100	440	7	nigerian	nigerian	ADJ
cjfa-28100	440	8	stock	stock	NOUN
cjfa-28100	440	9	market	market	NOUN
cjfa-28100	440	10	:	:	PUNCT
cjfa-28100	440	11	applications	application	NOUN
cjfa-28100	440	12	of	of	ADP
cjfa-28100	440	13	random	random	ADJ
cjfa-28100	440	14	level	level	NOUN
cjfa-28100	440	15	shifts	shift	NOUN
cjfa-28100	440	16	models	model	NOUN
cjfa-28100	440	17	.	.	PUNCT
cjfa-28100	441	1	asian	asian	ADJ
cjfa-28100	441	2	research	research	PROPN
cjfa-28100	441	3	journal	journal	NOUN
cjfa-28100	441	4	of	of	ADP
cjfa-28100	441	5	mathematics	mathematic	NOUN
cjfa-28100	441	6	,	,	PUNCT
cjfa-28100	441	7	7(4	7(4	NUM
cjfa-28100	441	8	)	)	PUNCT
cjfa-28100	441	9	,	,	PUNCT
cjfa-28100	441	10	1–14	1–14	PROPN
cjfa-28100	441	11	.	.	PUNCT
cjfa-28100	441	12	kumar	kumar	PROPN
cjfa-28100	441	13	,	,	PUNCT
cjfa-28100	441	14	d.	d.	PROPN
cjfa-28100	441	15	,	,	PUNCT
cjfa-28100	441	16	&	&	CCONJ
cjfa-28100	441	17	maheswaran	maheswaran	PROPN
cjfa-28100	441	18	,	,	PUNCT
cjfa-28100	441	19	s.	s.	PROPN
cjfa-28100	441	20	(	(	PUNCT
cjfa-28100	441	21	2012	2012	NUM
cjfa-28100	441	22	)	)	PUNCT
cjfa-28100	441	23	.	.	PUNCT
cjfa-28100	442	1	modelling	model	VERB
cjfa-28100	442	2	asymmetry	asymmetry	NOUN
cjfa-28100	442	3	and	and	CCONJ
cjfa-28100	442	4	persistence	persistence	NOUN
cjfa-28100	442	5	under	under	ADP
cjfa-28100	442	6	the	the	DET
cjfa-28100	442	7	impact	impact	NOUN
cjfa-28100	442	8	of	of	ADP
cjfa-28100	442	9	sudden	sudden	ADJ
cjfa-28100	442	10	changes	change	NOUN
cjfa-28100	442	11	in	in	ADP
cjfa-28100	442	12	the	the	DET
cjfa-28100	442	13	volatility	volatility	NOUN
cjfa-28100	442	14	of	of	ADP
cjfa-28100	442	15	the	the	DET
cjfa-28100	442	16	indian	indian	ADJ
cjfa-28100	442	17	stock	stock	NOUN
cjfa-28100	442	18	market	market	NOUN
cjfa-28100	442	19	.	.	PUNCT
cjfa-28100	443	1	iimb	iimb	PROPN
cjfa-28100	443	2	management	management	PROPN
cjfa-28100	443	3	review	review	PROPN
cjfa-28100	443	4	,	,	PUNCT
cjfa-28100	443	5	24	24	NUM
cjfa-28100	443	6	,	,	PUNCT
cjfa-28100	443	7	123–136	123–136	NUM
cjfa-28100	443	8	.	.	PUNCT
cjfa-28100	444	1	http://dx.doi.org/10.1016/j.iimb.2012.04.006	http://dx.doi.org/10.1016/j.iimb.2012.04.006	PROPN
cjfa-28100	444	2	.	.	PUNCT
cjfa-28100	445	1	lamoureux	lamoureux	PROPN
cjfa-28100	445	2	,	,	PUNCT
cjfa-28100	445	3	c.	c.	PROPN
cjfa-28100	445	4	,	,	PUNCT
cjfa-28100	445	5	&	&	CCONJ
cjfa-28100	445	6	lastrapes	lastrapes	PROPN
cjfa-28100	445	7	,	,	PUNCT
cjfa-28100	445	8	w.	w.	NOUN
cjfa-28100	445	9	(	(	PUNCT
cjfa-28100	445	10	1990	1990	NUM
cjfa-28100	445	11	)	)	PUNCT
cjfa-28100	445	12	.	.	PUNCT
cjfa-28100	446	1	persistence	persistence	NOUN
cjfa-28100	446	2	in	in	ADP
cjfa-28100	446	3	variance	variance	NOUN
cjfa-28100	446	4	,	,	PUNCT
cjfa-28100	446	5	structural	structural	ADJ
cjfa-28100	446	6	change	change	NOUN
cjfa-28100	446	7	,	,	PUNCT
cjfa-28100	446	8	and	and	CCONJ
cjfa-28100	446	9	the	the	DET
cjfa-28100	446	10	garch	garch	NOUN
cjfa-28100	446	11	model	model	NOUN
cjfa-28100	446	12	.	.	PUNCT
cjfa-28100	447	1	journal	journal	PROPN
cjfa-28100	447	2	of	of	ADP
cjfa-28100	447	3	business	business	NOUN
cjfa-28100	447	4	and	and	CCONJ
cjfa-28100	447	5	economic	economic	ADJ
cjfa-28100	447	6	statistics	statistic	NOUN
cjfa-28100	447	7	,	,	PUNCT
cjfa-28100	447	8	8(2	8(2	NUM
cjfa-28100	447	9	)	)	PUNCT
cjfa-28100	447	10	,	,	PUNCT
cjfa-28100	447	11	225–234	225–234	NUM
cjfa-28100	447	12	.	.	PUNCT
cjfa-28100	448	1	malik	malik	PROPN
cjfa-28100	448	2	,	,	PUNCT
cjfa-28100	448	3	f.	f.	PROPN
cjfa-28100	448	4	,	,	PUNCT
cjfa-28100	448	5	ewing	ewing	PROPN
cjfa-28100	448	6	,	,	PUNCT
cjfa-28100	448	7	b.t	b.t	PROPN
cjfa-28100	448	8	.	.	PROPN
cjfa-28100	448	9	,	,	PUNCT
cjfa-28100	448	10	&	&	CCONJ
cjfa-28100	448	11	payne	payne	PROPN
cjfa-28100	448	12	,	,	PUNCT
cjfa-28100	448	13	j.e	j.e	PROPN
cjfa-28100	448	14	.	.	PROPN
cjfa-28100	448	15	(	(	PUNCT
cjfa-28100	448	16	2005	2005	NUM
cjfa-28100	448	17	)	)	PUNCT
cjfa-28100	448	18	.	.	PUNCT
cjfa-28100	449	1	measuring	measure	VERB
cjfa-28100	449	2	volatility	volatility	NOUN
cjfa-28100	449	3	persistence	persistence	NOUN
cjfa-28100	449	4	in	in	ADP
cjfa-28100	449	5	the	the	DET
cjfa-28100	449	6	presence	presence	NOUN
cjfa-28100	449	7	of	of	ADP
cjfa-28100	449	8	sudden	sudden	ADJ
cjfa-28100	449	9	changes	change	NOUN
cjfa-28100	449	10	in	in	ADP
cjfa-28100	449	11	the	the	DET
cjfa-28100	449	12	variance	variance	NOUN
cjfa-28100	449	13	of	of	ADP
cjfa-28100	449	14	canadian	canadian	ADJ
cjfa-28100	449	15	stock	stock	NOUN
cjfa-28100	449	16	returns	return	NOUN
cjfa-28100	449	17	.	.	PUNCT
cjfa-28100	450	1	canadian	canadian	ADJ
cjfa-28100	450	2	journal	journal	PROPN
cjfa-28100	450	3	of	of	ADP
cjfa-28100	450	4	economics	economic	NOUN
cjfa-28100	450	5	,	,	PUNCT
cjfa-28100	450	6	38(3	38(3	NUM
cjfa-28100	450	7	)	)	PUNCT
cjfa-28100	450	8	,	,	PUNCT
cjfa-28100	450	9	1037–1056	1037–1056	NUM
cjfa-28100	450	10	.	.	PUNCT
cjfa-28100	451	1	muhammad	muhammad	PROPN
cjfa-28100	451	2	,	,	PUNCT
cjfa-28100	451	3	a.	a.	PROPN
cjfa-28100	451	4	&	&	CCONJ
cjfa-28100	451	5	shuguang	shuguang	PROPN
cjfa-28100	451	6	,	,	PUNCT
cjfa-28100	451	7	z.	z.	PROPN
cjfa-28100	451	8	(	(	PUNCT
cjfa-28100	451	9	2015	2015	NUM
cjfa-28100	451	10	)	)	PUNCT
cjfa-28100	451	11	.	.	PUNCT
cjfa-28100	452	1	impact	impact	NOUN
cjfa-28100	452	2	of	of	ADP
cjfa-28100	452	3	structural	structural	ADJ
cjfa-28100	452	4	shifts	shift	NOUN
cjfa-28100	452	5	on	on	ADP
cjfa-28100	452	6	variance	variance	NOUN
cjfa-28100	452	7	persistence	persistence	NOUN
cjfa-28100	452	8	in	in	ADP
cjfa-28100	452	9	asymmetric	asymmetric	ADJ
cjfa-28100	452	10	garch	garch	NOUN
cjfa-28100	452	11	models	model	NOUN
cjfa-28100	452	12	:	:	PUNCT
cjfa-28100	452	13	evidence	evidence	NOUN
cjfa-28100	452	14	from	from	ADP
cjfa-28100	452	15	emerging	emerge	VERB
cjfa-28100	452	16	asian	asian	ADJ
cjfa-28100	452	17	and	and	CCONJ
cjfa-28100	452	18	european	european	ADJ
cjfa-28100	452	19	markets	market	NOUN
cjfa-28100	452	20	.	.	PUNCT
cjfa-28100	453	1	romania	romania	PROPN
cjfa-28100	453	2	statistical	statistical	ADJ
cjfa-28100	453	3	review	review	NOUN
cjfa-28100	453	4	,	,	PUNCT
cjfa-28100	453	5	1	1	NUM
cjfa-28100	453	6	,	,	PUNCT
cjfa-28100	453	7	57–70	57–70	NUM
cjfa-28100	453	8	.	.	PUNCT
cjfa-28100	454	1	nwidobie	nwidobie	PROPN
cjfa-28100	454	2	,	,	PUNCT
cjfa-28100	454	3	b.m	b.m	PROPN
cjfa-28100	454	4	.	.	PROPN
cjfa-28100	454	5	(	(	PUNCT
cjfa-28100	454	6	2014	2014	NUM
cjfa-28100	454	7	)	)	PUNCT
cjfa-28100	454	8	.	.	PUNCT
cjfa-28100	455	1	the	the	DET
cjfa-28100	455	2	random	random	ADJ
cjfa-28100	455	3	walk	walk	NOUN
cjfa-28100	455	4	theory	theory	NOUN
cjfa-28100	455	5	:	:	PUNCT
cjfa-28100	455	6	an	an	DET
cjfa-28100	455	7	empirical	empirical	ADJ
cjfa-28100	455	8	test	test	NOUN
cjfa-28100	455	9	in	in	ADP
cjfa-28100	455	10	the	the	DET
cjfa-28100	455	11	nigerian	nigerian	ADJ
cjfa-28100	455	12	capital	capital	NOUN
cjfa-28100	455	13	market	market	NOUN
cjfa-28100	455	14	.	.	PUNCT
cjfa-28100	456	1	asian	asian	ADJ
cjfa-28100	456	2	economic	economic	ADJ
cjfa-28100	456	3	and	and	CCONJ
cjfa-28100	456	4	financial	financial	ADJ
cjfa-28100	456	5	review	review	NOUN
cjfa-28100	456	6	,	,	PUNCT
cjfa-28100	456	7	4(12	4(12	NUM
cjfa-28100	456	8	)	)	PUNCT
cjfa-28100	456	9	,	,	PUNCT
cjfa-28100	456	10	1840–1848	1840–1848	NUM
cjfa-28100	456	11	.	.	PUNCT
cjfa-28100	457	1	okereke	okereke	ADJ
cjfa-28100	457	2	-	-	PUNCT
cjfa-28100	457	3	onyiuke	onyiuke	NOUN
cjfa-28100	457	4	,	,	PUNCT
cjfa-28100	457	5	n.	n.	NOUN
cjfa-28100	457	6	(	(	PUNCT
cjfa-28100	457	7	2009	2009	NUM
cjfa-28100	457	8	)	)	PUNCT
cjfa-28100	457	9	.	.	PUNCT
cjfa-28100	458	1	a	a	DET
cjfa-28100	458	2	review	review	NOUN
cjfa-28100	458	3	of	of	ADP
cjfa-28100	458	4	market	market	NOUN
cjfa-28100	458	5	performance	performance	NOUN
cjfa-28100	458	6	in	in	ADP
cjfa-28100	458	7	2008	2008	NUM
cjfa-28100	458	8	and	and	CCONJ
cjfa-28100	458	9	the	the	DET
cjfa-28100	458	10	outlook	outlook	NOUN
cjfa-28100	458	11	in	in	ADP
cjfa-28100	458	12	2009	2009	NUM
cjfa-28100	458	13	:	:	PUNCT
cjfa-28100	458	14	the	the	DET
cjfa-28100	458	15	nigerian	nigerian	ADJ
cjfa-28100	458	16	stock	stock	NOUN
cjfa-28100	458	17	exchange	exchange	PROPN
cjfa-28100	458	18	,	,	PUNCT
cjfa-28100	458	19	http://www.scrlbd.com/doc/1058565/nigerian-stock-exchange-official-2008-review-and-outlook-for-2009	http://www.scrlbd.com/doc/1058565/nigerian-stock-exchange-official-2008-review-and-outlook-for-2009	X
cjfa-28100	458	20	(	(	PUNCT
cjfa-28100	458	21	accessed	access	VERB
cjfa-28100	458	22	:	:	PUNCT
cjfa-28100	458	23	08.07	08.07	NUM
cjfa-28100	458	24	.	.	X
cjfa-28100	458	25	2017	2017	NUM
cjfa-28100	458	26	)	)	PUNCT
cjfa-28100	458	27	.	.	PUNCT
cjfa-28100	459	1	okereke	okereke	ADJ
cjfa-28100	459	2	-	-	PUNCT
cjfa-28100	459	3	onyiuke	onyiuke	NOUN
cjfa-28100	459	4	,	,	PUNCT
cjfa-28100	459	5	n.	n.	NOUN
cjfa-28100	459	6	(	(	PUNCT
cjfa-28100	459	7	2010	2010	NUM
cjfa-28100	459	8	)	)	PUNCT
cjfa-28100	459	9	.	.	PUNCT
cjfa-28100	460	1	a	a	DET
cjfa-28100	460	2	review	review	NOUN
cjfa-28100	460	3	of	of	ADP
cjfa-28100	460	4	market	market	NOUN
cjfa-28100	460	5	performance	performance	NOUN
cjfa-28100	460	6	in	in	ADP
cjfa-28100	460	7	2009	2009	NUM
cjfa-28100	460	8	and	and	CCONJ
cjfa-28100	460	9	the	the	DET
cjfa-28100	460	10	outlook	outlook	NOUN
cjfa-28100	460	11	for	for	ADP
cjfa-28100	460	12	2010	2010	NUM
cjfa-28100	460	13	.	.	PUNCT
cjfa-28100	461	1	the	the	DET
cjfa-28100	461	2	nigerian	nigerian	ADJ
cjfa-28100	461	3	stock	stock	NOUN
cjfa-28100	461	4	exchange	exchange	PROPN
cjfa-28100	461	5	,	,	PUNCT
cjfa-28100	461	6	1–18	1–18	NUM
cjfa-28100	461	7	.	.	PUNCT
cjfa-28100	462	1	okpara	okpara	PROPN
cjfa-28100	462	2	,	,	PUNCT
cjfa-28100	462	3	g.c	g.c	PROPN
cjfa-28100	462	4	.	.	PROPN
cjfa-28100	462	5	,	,	PUNCT
cjfa-28100	462	6	&	&	CCONJ
cjfa-28100	462	7	nwezeaku	nwezeaku	PROPN
cjfa-28100	462	8	,	,	PUNCT
cjfa-28100	462	9	n.c	n.c	PROPN
cjfa-28100	462	10	.	.	PROPN
cjfa-28100	462	11	(	(	PUNCT
cjfa-28100	462	12	2009	2009	NUM
cjfa-28100	462	13	)	)	PUNCT
cjfa-28100	462	14	.	.	PUNCT
cjfa-28100	463	1	idiosyncratic	idiosyncratic	ADJ
cjfa-28100	463	2	risk	risk	NOUN
cjfa-28100	463	3	and	and	CCONJ
cjfa-28100	463	4	the	the	DET
cjfa-28100	463	5	crosss	crosss	NOUN
cjfa-28100	463	6	-	-	PUNCT
cjfa-28100	463	7	section	section	NOUN
cjfa-28100	463	8	of	of	ADP
cjfa-28100	463	9	expected	expect	VERB
cjfa-28100	463	10	stock	stock	NOUN
cjfa-28100	463	11	returns	return	NOUN
cjfa-28100	463	12	:	:	PUNCT
cjfa-28100	463	13	evidence	evidence	NOUN
cjfa-28100	463	14	from	from	ADP
cjfa-28100	463	15	nigeria	nigeria	PROPN
cjfa-28100	463	16	.	.	PUNCT
cjfa-28100	464	1	european	european	PROPN
cjfa-28100	464	2	journal	journal	PROPN
cjfa-28100	464	3	of	of	ADP
cjfa-28100	464	4	economics	economic	NOUN
cjfa-28100	464	5	,	,	PUNCT
cjfa-28100	464	6	finance	finance	NOUN
cjfa-28100	464	7	and	and	CCONJ
cjfa-28100	464	8	administrative	administrative	ADJ
cjfa-28100	464	9	science	science	NOUN
cjfa-28100	464	10	,	,	PUNCT
cjfa-28100	464	11	17	17	NUM
cjfa-28100	464	12	,	,	PUNCT
cjfa-28100	464	13	1–10	1–10	NOUN
cjfa-28100	464	14	.	.	PUNCT
cjfa-28100	465	1	okpara	okpara	PROPN
cjfa-28100	465	2	,	,	PUNCT
cjfa-28100	465	3	g.c	g.c	PROPN
cjfa-28100	465	4	.	.	PROPN
cjfa-28100	465	5	(	(	PUNCT
cjfa-28100	465	6	2010	2010	NUM
cjfa-28100	465	7	)	)	PUNCT
cjfa-28100	465	8	.	.	PUNCT
cjfa-28100	466	1	analysis	analysis	NOUN
cjfa-28100	466	2	of	of	ADP
cjfa-28100	466	3	the	the	DET
cjfa-28100	466	4	weak	weak	ADJ
cjfa-28100	466	5	-	-	PUNCT
cjfa-28100	466	6	form	form	NOUN
cjfa-28100	466	7	efficiency	efficiency	NOUN
cjfa-28100	466	8	of	of	ADP
cjfa-28100	466	9	the	the	DET
cjfa-28100	466	10	nigerian	nigerian	ADJ
cjfa-28100	466	11	stock	stock	NOUN
cjfa-28100	466	12	market	market	NOUN
cjfa-28100	466	13	:	:	PUNCT
cjfa-28100	466	14	further	further	ADJ
cjfa-28100	466	15	evidence	evidence	NOUN
cjfa-28100	466	16	from	from	ADP
cjfa-28100	466	17	garch	garch	NOUN
cjfa-28100	466	18	model	model	NOUN
cjfa-28100	466	19	.	.	PUNCT
cjfa-28100	467	1	the	the	DET
cjfa-28100	467	2	international	international	ADJ
cjfa-28100	467	3	journal	journal	NOUN
cjfa-28100	467	4	of	of	ADP
cjfa-28100	467	5	applied	apply	VERB
cjfa-28100	467	6	economics	economic	NOUN
cjfa-28100	467	7	and	and	CCONJ
cjfa-28100	467	8	finance	finance	NOUN
cjfa-28100	467	9	,	,	PUNCT
cjfa-28100	467	10	4(2	4(2	NUM
cjfa-28100	467	11	)	)	PUNCT
cjfa-28100	467	12	,	,	PUNCT
cjfa-28100	467	13	62–66	62–66	PROPN
cjfa-28100	467	14	.	.	PUNCT
cjfa-28100	468	1	http://dx.doi.org/10.3923/ijaef.2010.62.66	http://dx.doi.org/10.3923/ijaef.2010.62.66	PROPN
cjfa-28100	468	2	.	.	PROPN
cjfa-28100	468	3	olowe	olowe	PROPN
cjfa-28100	468	4	,	,	PUNCT
cjfa-28100	468	5	r.a	r.a	PROPN
cjfa-28100	468	6	.	.	PROPN
cjfa-28100	468	7	(	(	PUNCT
cjfa-28100	468	8	2009	2009	NUM
cjfa-28100	468	9	)	)	PUNCT
cjfa-28100	468	10	.	.	PUNCT
cjfa-28100	469	1	stock	stock	NOUN
cjfa-28100	469	2	return	return	NOUN
cjfa-28100	469	3	,	,	PUNCT
cjfa-28100	469	4	volatility	volatility	NOUN
cjfa-28100	469	5	and	and	CCONJ
cjfa-28100	469	6	the	the	DET
cjfa-28100	469	7	global	global	ADJ
cjfa-28100	469	8	financial	financial	ADJ
cjfa-28100	469	9	crisis	crisis	NOUN
cjfa-28100	469	10	in	in	ADP
cjfa-28100	469	11	an	an	DET
cjfa-28100	469	12	emerging	emerge	VERB
cjfa-28100	469	13	market	market	NOUN
cjfa-28100	469	14	:	:	PUNCT
cjfa-28100	469	15	the	the	DET
cjfa-28100	469	16	nigerian	nigerian	ADJ
cjfa-28100	469	17	case	case	NOUN
cjfa-28100	469	18	.	.	PUNCT
cjfa-28100	470	1	international	international	ADJ
cjfa-28100	470	2	review	review	NOUN
cjfa-28100	470	3	of	of	ADP
cjfa-28100	470	4	business	business	NOUN
cjfa-28100	470	5	research	research	NOUN
cjfa-28100	470	6	papers	paper	NOUN
cjfa-28100	470	7	,	,	PUNCT
cjfa-28100	470	8	5(4	5(4	NUM
cjfa-28100	470	9	)	)	PUNCT
cjfa-28100	470	10	,	,	PUNCT
cjfa-28100	470	11	426–447	426–447	NUM
cjfa-28100	470	12	.	.	PUNCT
cjfa-28100	471	1	osazevbaru	osazevbaru	ADJ
cjfa-28100	471	2	,	,	PUNCT
cjfa-28100	471	3	h.o	h.o	PROPN
cjfa-28100	471	4	.	.	PROPN
cjfa-28100	471	5	(	(	PUNCT
cjfa-28100	471	6	2014	2014	NUM
cjfa-28100	471	7	)	)	PUNCT
cjfa-28100	471	8	.	.	PUNCT
cjfa-28100	472	1	measuring	measure	VERB
cjfa-28100	472	2	nigerian	nigerian	ADJ
cjfa-28100	472	3	stock	stock	NOUN
cjfa-28100	472	4	market	market	NOUN
cjfa-28100	472	5	volatility	volatility	NOUN
cjfa-28100	472	6	.	.	PUNCT
cjfa-28100	473	1	singaporean	singaporean	ADJ
cjfa-28100	473	2	journal	journal	PROPN
cjfa-28100	473	3	of	of	ADP
cjfa-28100	473	4	business	business	NOUN
cjfa-28100	473	5	economics	economic	NOUN
cjfa-28100	473	6	,	,	PUNCT
cjfa-28100	473	7	and	and	CCONJ
cjfa-28100	473	8	management	management	NOUN
cjfa-28100	473	9	studies	study	NOUN
cjfa-28100	473	10	,	,	PUNCT
cjfa-28100	473	11	2(8	2(8	NUM
cjfa-28100	473	12	)	)	PUNCT
cjfa-28100	473	13	,	,	PUNCT
cjfa-28100	473	14	1–14	1–14	PROPN
cjfa-28100	473	15	.	.	PUNCT
cjfa-28100	473	16	http://dx.doi	http://dx.doi	PROPN
cjfa-28100	473	17	.	.	PUNCT
cjfa-28100	474	1	org/10.12816/0003894	org/10.12816/0003894	PROPN
cjfa-28100	474	2	.	.	PUNCT
cjfa-28100	474	3	pastor	pastor	PROPN
cjfa-28100	474	4	,	,	PUNCT
cjfa-28100	474	5	l.	l.	PROPN
cjfa-28100	474	6	,	,	PUNCT
cjfa-28100	474	7	&	&	CCONJ
cjfa-28100	474	8	veronesi	veronesi	NOUN
cjfa-28100	474	9	,	,	PUNCT
cjfa-28100	474	10	p.	p.	NOUN
cjfa-28100	474	11	(	(	PUNCT
cjfa-28100	474	12	2006	2006	NUM
cjfa-28100	474	13	)	)	PUNCT
cjfa-28100	474	14	.	.	PUNCT
cjfa-28100	474	15	was	be	AUX
cjfa-28100	474	16	there	there	ADV
cjfa-28100	474	17	a	a	DET
cjfa-28100	474	18	nasdaq	nasdaq	NOUN
cjfa-28100	474	19	bubble	bubble	NOUN
cjfa-28100	474	20	in	in	ADP
cjfa-28100	474	21	the	the	DET
cjfa-28100	474	22	late	late	ADJ
cjfa-28100	474	23	1990	1990	NUM
cjfa-28100	474	24	’s	’s	NOUN
cjfa-28100	474	25	?	?	PUNCT
cjfa-28100	475	1	journal	journal	NOUN
cjfa-28100	475	2	of	of	ADP
cjfa-28100	475	3	financial	financial	ADJ
cjfa-28100	475	4	economics	economic	NOUN
cjfa-28100	475	5	,	,	PUNCT
cjfa-28100	475	6	81(1	81(1	NUM
cjfa-28100	475	7	)	)	PUNCT
cjfa-28100	475	8	,	,	PUNCT
cjfa-28100	475	9	61–100	61–100	PROPN
cjfa-28100	475	10	.	.	PUNCT
cjfa-28100	475	11	reider	reider	PROPN
cjfa-28100	475	12	,	,	PUNCT
cjfa-28100	475	13	r.	r.	PROPN
cjfa-28100	475	14	(	(	PUNCT
cjfa-28100	475	15	2009	2009	NUM
cjfa-28100	475	16	)	)	PUNCT
cjfa-28100	475	17	.	.	PUNCT
cjfa-28100	476	1	volatility	volatility	NOUN
cjfa-28100	476	2	forecasting	forecast	VERB
cjfa-28100	476	3	i	i	PRON
cjfa-28100	476	4	:	:	PUNCT
cjfa-28100	476	5	garch	garch	NOUN
cjfa-28100	476	6	models	model	NOUN
cjfa-28100	476	7	,	,	PUNCT
cjfa-28100	476	8	time	time	NOUN
cjfa-28100	476	9	series	series	NOUN
cjfa-28100	476	10	analysis	analysis	NOUN
cjfa-28100	476	11	and	and	CCONJ
cjfa-28100	476	12	statistical	statistical	ADJ
cjfa-28100	476	13	arbitrage	arbitrage	NOUN
cjfa-28100	476	14	notes	note	NOUN
cjfa-28100	476	15	.	.	PUNCT
cjfa-28100	477	1	new	new	PROPN
cjfa-28100	477	2	york	york	PROPN
cjfa-28100	477	3	:	:	PUNCT
cjfa-28100	477	4	new	new	PROPN
cjfa-28100	477	5	york	york	PROPN
cjfa-28100	477	6	university	university	PROPN
cjfa-28100	477	7	.	.	PUNCT
cjfa-28100	478	1	samuels	samuels	PROPN
cjfa-28100	478	2	,	,	PUNCT
cjfa-28100	478	3	j.m	j.m	PROPN
cjfa-28100	478	4	.	.	PROPN
cjfa-28100	478	5	,	,	PUNCT
cjfa-28100	478	6	&	&	CCONJ
cjfa-28100	478	7	yacout	yacout	PROPN
cjfa-28100	478	8	,	,	PUNCT
cjfa-28100	478	9	n.	n.	NOUN
cjfa-28100	478	10	(	(	PUNCT
cjfa-28100	478	11	1981	1981	NUM
cjfa-28100	478	12	)	)	PUNCT
cjfa-28100	478	13	.	.	PUNCT
cjfa-28100	479	1	stock	stock	NOUN
cjfa-28100	479	2	exchanges	exchange	NOUN
cjfa-28100	479	3	in	in	ADP
cjfa-28100	479	4	developing	develop	VERB
cjfa-28100	479	5	countries	country	NOUN
cjfa-28100	479	6	.	.	PUNCT
cjfa-28100	480	1	savings	saving	NOUN
cjfa-28100	480	2	and	and	CCONJ
cjfa-28100	480	3	development	development	NOUN
cjfa-28100	480	4	,	,	PUNCT
cjfa-28100	480	5	5(4	5(4	NUM
cjfa-28100	480	6	)	)	PUNCT
cjfa-28100	480	7	,	,	PUNCT
cjfa-28100	480	8	217–230	217–230	NUM
cjfa-28100	480	9	.	.	PUNCT
cjfa-28100	480	10	shiller	shiller	PROPN
cjfa-28100	480	11	,	,	PUNCT
cjfa-28100	480	12	r.j	r.j	PROPN
cjfa-28100	480	13	.	.	PROPN
cjfa-28100	480	14	(	(	PUNCT
cjfa-28100	480	15	2000	2000	NUM
cjfa-28100	480	16	)	)	PUNCT
cjfa-28100	480	17	.	.	PUNCT
cjfa-28100	481	1	irrational	irrational	ADJ
cjfa-28100	481	2	exuberance	exuberance	NOUN
cjfa-28100	481	3	.	.	PUNCT
cjfa-28100	482	1	new	new	PROPN
cjfa-28100	482	2	jersey	jersey	PROPN
cjfa-28100	482	3	:	:	PUNCT
cjfa-28100	482	4	princeton	princeton	PROPN
cjfa-28100	482	5	university	university	PROPN
cjfa-28100	482	6	press	press	NOUN
cjfa-28100	482	7	.	.	PUNCT
cjfa-28100	483	1	yin	yin	PROPN
cjfa-28100	483	2	,	,	PUNCT
cjfa-28100	483	3	z.	z.	PROPN
cjfa-28100	483	4	,	,	PUNCT
cjfa-28100	483	5	tsui	tsui	PROPN
cjfa-28100	483	6	,	,	PUNCT
cjfa-28100	483	7	a.k	a.k	PROPN
cjfa-28100	483	8	.	.	PROPN
cjfa-28100	483	9	,	,	PUNCT
cjfa-28100	483	10	&	&	CCONJ
cjfa-28100	483	11	zhang	zhang	PROPN
cjfa-28100	483	12	,	,	PUNCT
cjfa-28100	483	13	z.y	z.y	PROPN
cjfa-28100	483	14	.	.	PUNCT
cjfa-28100	483	15	(	(	PUNCT
cjfa-28100	483	16	2011	2011	NUM
cjfa-28100	483	17	)	)	PUNCT
cjfa-28100	483	18	.	.	PUNCT
cjfa-28100	484	1	modeling	model	VERB
cjfa-28100	484	2	the	the	DET
cjfa-28100	484	3	conditional	conditional	ADJ
cjfa-28100	484	4	heteroscedasticity	heteroscedasticity	NOUN
cjfa-28100	484	5	and	and	CCONJ
cjfa-28100	484	6	leverage	leverage	NOUN
cjfa-28100	484	7	effect	effect	NOUN
cjfa-28100	484	8	in	in	ADP
cjfa-28100	484	9	the	the	DET
cjfa-28100	484	10	chinese	chinese	ADJ
cjfa-28100	484	11	stock	stock	NOUN
cjfa-28100	484	12	markets	market	NOUN
cjfa-28100	484	13	.	.	PUNCT
cjfa-28100	485	1	on	on	ADP
cjfa-28100	485	2	19th	19th	ADJ
cjfa-28100	485	3	international	international	ADJ
cjfa-28100	485	4	congress	congress	PROPN
cjfa-28100	485	5	on	on	ADP
cjfa-28100	485	6	modkamaldeen	modkamaldeen	PROPN
cjfa-28100	485	7	ibraheem	ibraheem	PROPN
cjfa-28100	485	8	nageri94	nageri94	PROPN
cjfa-28100	485	9	elling	elling	PROPN
cjfa-28100	485	10	and	and	CCONJ
cjfa-28100	485	11	simulation	simulation	NOUN
cjfa-28100	485	12	.	.	PUNCT
cjfa-28100	486	1	perth	perth	PROPN
cjfa-28100	486	2	,	,	PUNCT
cjfa-28100	486	3	australia	australia	PROPN
cjfa-28100	486	4	.	.	PUNCT
cjfa-28100	487	1	http://mssanz.org.au/modsim2011	http://mssanz.org.au/modsim2011	PROPN
cjfa-28100	487	2	(	(	PUNCT
cjfa-28100	487	3	accessed	access	VERB
cjfa-28100	487	4	:	:	PUNCT
cjfa-28100	487	5	21.08.2017	21.08.2017	NUM
cjfa-28100	487	6	)	)	PUNCT
cjfa-28100	487	7	.	.	PUNCT
cjfa-28100	488	1	zivot	zivot	PROPN
cjfa-28100	488	2	,	,	PUNCT
cjfa-28100	488	3	e.	e.	PROPN
cjfa-28100	488	4	,	,	PUNCT
cjfa-28100	488	5	&	&	CCONJ
cjfa-28100	488	6	wang	wang	PROPN
cjfa-28100	488	7	,	,	PUNCT
cjfa-28100	488	8	j.	j.	PROPN
cjfa-28100	488	9	(	(	PUNCT
cjfa-28100	488	10	2006	2006	NUM
cjfa-28100	488	11	)	)	PUNCT
cjfa-28100	488	12	.	.	PUNCT
cjfa-28100	489	1	vector	vector	NOUN
cjfa-28100	489	2	autoregressive	autoregressive	ADJ
cjfa-28100	489	3	models	model	NOUN
cjfa-28100	489	4	for	for	ADP
cjfa-28100	489	5	multivariate	multivariate	NOUN
cjfa-28100	489	6	time	time	NOUN
cjfa-28100	489	7	series	series	NOUN
cjfa-28100	489	8	.	.	PUNCT
cjfa-28100	490	1	in	in	ADP
cjfa-28100	490	2	e.	e.	PROPN
cjfa-28100	490	3	zivot	zivot	PROPN
cjfa-28100	490	4	,	,	PUNCT
cjfa-28100	490	5	j.	j.	PROPN
cjfa-28100	490	6	wang	wang	PROPN
cjfa-28100	490	7	(	(	PUNCT
cjfa-28100	490	8	eds	eds	PROPN
cjfa-28100	490	9	.	.	PUNCT
cjfa-28100	490	10	)	)	PUNCT
cjfa-28100	490	11	.	.	PUNCT
cjfa-28100	491	1	modelling	model	VERB
cjfa-28100	491	2	financial	financial	ADJ
cjfa-28100	491	3	time	time	NOUN
cjfa-28100	491	4	series	series	NOUN
cjfa-28100	491	5	with	with	ADP
cjfa-28100	491	6	s	s	NOUN
cjfa-28100	491	7	-	-	PUNCT
cjfa-28100	491	8	plus	plus	NOUN
cjfa-28100	491	9	.	.	PUNCT
cjfa-28100	492	1	berlin	berlin	PROPN
cjfa-28100	492	2	:	:	PUNCT
cjfa-28100	492	3	springer	springer	NOUN
cjfa-28100	492	4	science	science	NOUN
cjfa-28100	492	5	.	.	PUNCT