ABG:7<5 53=@57</ 6=2A=< A B G : 7 < 5 / A A 7 A B/ < 1 3 5 /G 2 3 < ; 3 B 1 / : 4 3 ;/93³C> /<2@3E 5/::7;=@3 /B 1 : ; C A 7 < 5 ; / 1 1=A;3B71A 6/7@ > / < = A / B 1 : ; C A 7 < 5 9 = @ @ 3 A ;=23: 5 3 = @ 5 3 /B A 3 : 3 1 B > 6 = B = 5 @ / > 6 7 1 / A A 7 A B/ < B A 8/<3 E7:A=< /:713 E67B0G 6/: A3/@ @3B=C167<5 3 > 6 @ / 7 ; ; E/ 9 / < 2 C 3>6; 1=; E 7 B 6 B 6 / < 9 A B = / : : B 6 3 / @ B 7 A B A / B A 6 7 > A B C 2 7 = A 9 3 < < 7 < 5 B = < / < 2 / : : / B E3003@ @3>@3A3<BA
A6=B A 6 3 3 @ > 3 B B 7 1 = /B C < 2 3 @ < 3 /B 6 1 6 / @ : 3 A / < / A B/ A 3 @ C 4 4 : 3 2 > 3 B B 7 1 = /B >/ C : A ; 7 B 6 0 : = C A 3 E 7 B 6 A 1 / : : = > A B 7 3 2 / @ = C < 2 E/ 7 A B 1 6 @ 7 AB= > 6 3 @ 9 / < 3 A6=B ! 0@/ 0=@23::3 A 6 = @ B A 1 6 / @ : 3 A / < / A B/ A 3 A6=B " <319:/13 6C5= 0=AA A6=B # BC::3 B=> /:3F/<23@ ;1?C33< A6=B $ 3;0@=723@32 BC::3 2@3AA /:3F/<23@ ;1?C33<
0 : /1 9 0 :C 3
A6=B > 3 B B 7 1 = / B / < 2 A 6 = @ B A 0 = B 6 1 6 / @ : 3 A / < / A B / A 3 0@/ 4=5/: A6=3A @C>3@B A/<23@A=<
ABG:7<5 53=@57</ 6=2A=< A B G : 7 < 5 / A A 7 A B/ < 1 3 5 /G 2 3 < ; 3 B 1 / : 4 3 ;/93³C> :G H ; / @ A 2 3 < C A 7 < 5 1 6 / < 3 : ( A > @ 7 < 5 ' 1 = : : 3 1 B 7 = < / < 2 ; = 7 A B C @ 7 H 7 < 5 0 @ = < H 7 < 5 >=E23@ 6/7@ 8 /D 7 3 @ >/ : / 1 7 = /B / 7 @ > = @ B / 5 3 < 1 G ;=23:A 3 : 3 = < / @ / /B < 3 F B ; /B 6 7 / A 6 /B A C 1 1 3 A A / F 3 : ; /B A C 1 1 3 A A > = A B³ > @ = 2 C 1 B 7 = < /C 2 @ 3 G 1 G < 2G /B : / 1 3 < >/ @ 7 A > 6 = B = 5 @ / > 6 7 1 / A A 7 A B/ < B < 7 1 = : / A > 7 D 3 B/ : : = 1 /B 7 = < ABC27= :/13< : /1 3 < 5 / : : 3 @ G >/ @ 7 A A6=B <C23
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
= ;/ < B 7 ? C 3
A6=B E67B3 A97@B /1<3 A 7 : 9 A 6 7 @ B / 1 < 3 E = ; 3 < A < 3 1 9 : / 1 3 A 6 / C < : 3 / < 3 6 3 / 2 > 7 3 1 3 @ = G/ : < / B 7 = < / : B 6 3 /B @ 3 1 = A B C ; 3 6 7 @ 3
ABG:7<5 53=@57</ 6=2A=< A B G : 7 < 5 / A A 7 A B/ < 1 3 5 /G 2 3 < ; 3 B 1 / : 4 3 ;/93³C> / < 2 @ 3 E 5 / : : 7 ; = @ 3 / B 1 : ; CA7<5 ; / 1 >@= 1=A;3B71A 6/7@ B @ / 1 3 G 1 / 6 = = < /B 1 : ; CA7<5 0C;0:3 /<2 0C;0:3 6 / 7 @ / A A 7 A B/ < B A / @ / > / : ; 3 @ ;=23:A / < < / 9 /B ; = 2 3 : A 3:3</ A /B 4 ; ; = 2 3 : ; / < / 5 3 ; 3 < B 2 7 5 7 B/ : :7BB:3 G3::=E 8/193B @3B=C167<5 8= E7::A A/:=< A3@D713A
A6=B 0 : / 1 9 A 6 3 3 > A 9 7 < B C < 7 1 : = C 7 A 3 5 @ /G A6=B 0 : / 1 9 2 @ 3 A A E 7 B 6 2 @ / > 3 2 16/7< 0/19 /:3F/<23@ ;1?C33< A6=B ! > @ 7 < B 8 / 1 9 3 B : 3 5 5 7 < 5 A /<2 A6=3A /:: /:3F/<23@ ;1?C33< A6=B " @C003@7H32 A7:9 8/193B 0 / : 3 < 1 7 / 5 / /B 0 @ = E < A 0 : / 1 9 > / B 3 < B 1 / 5 3 0 3 : B GD3A A/7<B :/C@3<B /B ; /B 1 6 3 A 0:/19 1=BB=< 9<7193@ 03BBG 8/19A=< A6=B # 2 7 / ; / < B 3 ³ A B C 2 2 3 2 < 3 B 8C;>AC7B 6=@/13 A6=B $ 0 : / 1 9 : 3 /B 6 3 @ 2 @ 3 A A /:3F/<23@ ;1?C33< A6=3A /1<3
3 > : 7 1 / < B
A > 3 1 7 / : B 6 / < 9 A B= A/:=< A3@D713A /<2 B 6 3 : 3 ; = < / 2 3 4/ 1 B= @ G
/ < 2 @ 3E 5 6 =0 0 A
: = 1 /B 7 = < B 6 3 : 3 ; = < / 2 3 4/ 1 B= @ G
ABG:7<5 53=@57</ 6=2A=< A B G : 7 < 5 / A A 7 A B/ < 1 3 5 /G 2 3 < ; 3 B 1 / : 4 3 ;/93³C> :G H ; / @ A 2 3 < C A 7 < 5 1 6 / < 3 : ( :74B :C;73@3 /<2 @=C53 /::C@3 :/?C3 6/7@ >/ < = A /B 1 : ; C A 7 < 5 0C;0:3 /<2 0C;0:3 6 / 7 @ / A A 7 A B/ < B B/ 9 / ;=23:A B 6 3 / /B ; = 2 3 : A < /B/ : 7 / / < 2 @ / 2 3 /B A 3 : 3 1 B 4@/<13A1/ 4@/;3 /B > @ 3 ; 7 3 @ 6 = : :G 6 / : : / ; / B A 3 : 3 1 B A C 9 7 /B 7 ; 5 > 6 = B = / A A 7 A B/ < B A @6GA B6=@>3 8 /G 1 : / @ 9 A/; 5/@/A
A6=B " 0:C3 A7:9 0:=CA3 6C5= 0=AA A6=B # B E = ³B = < 3 A 7 : 9 2 @ 3 A A @ 7 1 6 / @ 2 < 7 1 = : : /B : 7 0 3 @ B G A6=B $ > 7 < 9 A /B 7 < 2 @ 3 A A 16@7AB7/< 0:/<93<
1= < A 3 ? C 3< 1 3
A6=B G3::=E B@=CA3@A /<2 633:A 0 =B 6 / : 3 F / < 2 3 @ ; 1? C 3 3 < A6=B ! @ 3 2 A /B 7 < B = > / 1 < 3 /B : 7 0 3 @ B G AB=197<5A 8 = < /B 6 / < / A B = < /B / 5 3 < B > @ = D = 1 /B 3 C @
/ :/ < 1 : /
B 6 / < 9 G= C B= @ C > 3 @ B / B < 7 1 3 E 6 3 3 : A 4 = @ / 5 @ 3 /B : = 1 /B 7 = < D 3 6 7 1 : 3 A6=B 5@33< A97@B /D A 6 / : = ; 5 C @ @32 A6=3A B= 67@3 > @ / 5 < / A B/
9 3
>@=> ABG:7AB 3;;/ @=/16
ABG:7AB 53=@57</ 6=2A=< A B G : 7 < 5 / A A A 7 /B < 1 3 5 /G 2 3 < ; 3 B 1 / : 4 3
;=23:A /<</ 6372353@ /B 4 ; ; = 2 3 : A 2 / @ @ 3 < E /B A B = @ ; ; = 2 3 : A 2 /D 7 2 5 / < B /B ; = 2 3 : A > 6 = B = 5 @ / > 6 7 1 / A A 7 A B/ < B A 2=C5 ;1:3/< 8 = < /B 6 / < 1 / ; 7 @3B=C167<5 8 /G E 7 < B 3 @ /B : = C > 3 7 ; / 5 7 < 5 A 3 B / A A 7 A B/ < B < /B/ : 7 3 < / 1 1 / 1 6 3 :756B7<5 5/443@ 8/@32 >@713 : = 1 /B 7 = < B 6 3 ; / A B 3 @ A 6 7 > E @ 7 5 6 B A 6=CA3 ; A 6 % & . G/ 6 = = 1 = ; A6=B A7:9 A67@B /<2 0@=E< A7:9 B@=CA3@A 0 = B 6 : / < D 7 < /B ; /B 1 6 3 A A6=B =< 63@ AB@7>32 A67@B ;3<¸A 8 = 6 < D/ @ D/B = A =< 67; 1/@275/< 0C@03@@G / : : /B ; /B 1 6 3 A <319:/13 ABG:7AB¸A =E< A6=B ! 8/193B 8 = 6 < D/ @ D/B = A /B ; /B 1 6 3 A A6=B " 0 : = C A 3 1 6 : = 3 /B ; /B 1 6 3 A 0 @ / / < 2 9 < 7 1 9 3 @ A 0 / : :G A6=B # AB@7>32 A67@B 8 = 6 < D/ @ D/B = A 0 @ = E < A 7 : 9 8 / 1 9 3 B : / < D 7 < 03753 B@=CA3@A ! > 6 7 : : 7 > : 7 ; / : : /B ; /B 1 6 3 A A6=B $ A7:9 >@7<B A67@B 0C@03@@G 0 @ = E < A 7 : 9 8 / 1 9 3 B / < 2 B @ = C A 3 @ A 0 =B 6 : / < D 7 < / : : /B ; /B 1 6 3 A A6=B % A7:9 >@7<B A67@B 0C@03@@G 5@3G B@=CA3@A E7B6 1 = < B @ / A B 7 < 5 E / 7 A B 0 / < 2 /1<3 / : : /B ; /B 1 6 3 A E/B 1 6 A B G : 7 A B ¸ A = E < A6=B & >7<9 A7:9 0:=CA3 AB3::/ ;11/@B<3G /B ; /B 1 6 3 A A6=B ' 0 3 7 5 3 8/1 9 3 B ! > 6 7 : : 7 > : 7 ; 1/A6;3@3 B33 0C@03@@G 4 : / < < 3 : B @ = C A 3 @ A E 7 B 6 1 = < B @ / A B 7 < 5 E / 7 A B 0 / < 2 /1<3 / : : /B ; /B 1 6 3 A ; /B 1 6 3 A 4/ A 6 7 = < 1 = ;
/ A E 3 : /G E 7 B 6 = C B ; =D 7 < 5
;/93³C> :G H ; / @ A 2 3 < CA7<5 16/<3: A>@7<5 ' 7 < 7 ; 7 B / 0 : 3 E / B 3 @ > @ = = 4 ;/A1/@/ /<2 @=C53 /::C@3 :/?C3
2/ ; 7 3< : 3 7 : / 2 3 0 : 7 < 9 9
6/7@ 9 3 < 7 1 6 7 /B 1 / @ 3 < C A 7 < 5 /D 3 2 / 6 / 7 @ 1 / @ 3
/@B 27@31B7=< 53=@57</ 6=2A=< A B G : 7 < 5 / A A 7 A B/ < 1 3 5 /G 2 3 < ; 3 B 1 / : 4 3 @3B=C167<5 C>>3@ ABC27= > 6 = B = 5 @ / > 6 7 1 / A A 7 A B/ < B 5@35=@G :3<5G3:
4 3 1 B 4 : /E : 3AA > 3
B 6= ;/A 0 @=E<
E 7 B 6 B 6 / < 9 A B= / : : /B 2 B A / < 2 5 @ / 6 / ; /B ; = 0 7 : 3 5 = : 2 C
13<B@34=:2 " 327B=@ 7< 16734 /<2@3E 5 6=00A 1 = < B/ 1 B /<2@3E. 13<B@34=:2;/5/H7<3 1= C9 5C3AB 327B=@ 53=@57</ 6=2A=< 1 = < B/ 1 B E3003@ @3>@3A3<BA 23A75< 23A75<ABC27= E3/@323A75<ABC27= 1=; 327B=@7/: A C 0 3 2 7 B = @ 1 6 / < B 3 : : 3 8=6<A=< 1 = < B/ 1 B 16/<B3::3. 13<B@34=:2;/5/H7<3 1= C9 1 @ 3 /B 7 D 3 2 7 @ 3 1 B 7 = < /<2 ABG:7<5 53=@57</ 6=2A=< 4/ A 6 7 = < 3 2 7 B = @ 5 /G 2 3 < ; 3 B 1 / : 4 3 >6=B=5@/>63@A 3AB63@ B3716;/<< / : 3 F / < 2 @ / 1 / B 7 3 @ 3 / < 2 @ 3 E 5 6 = 0 0 A 2 / ; 7 3 < : 3 7 : / 2 3 0 : 7 < 9 9 /:/< 1:/@93 B6=;/A 0@=E< B7; A7;;=<A 1=D3@ >6=B= 3@@=@ 0G B7; A7;;=<A /AA7AB32 0G ;716/3: 0=27/; >@7<B 5 0 >@7<B3@A 50>@7<B3@A 1= C9 >/ > 3 @ 54 A;7B6 /113<B 5 : / 1 7 3 @ E 6 7 B 3 1=D3@ # 5A; B3FB #5A; 54A;7B6 1=;
A > 3 1 7 / : B 6 / < 9 A B= / : : / B 2 3 A 7 5 < A B C 2 7 = 4 = @ B 6 3 7 @ > / B 7 3 < 1 3 / < 2 6 / @ 2 E = @ 9 = < 7 A A C 3 4 = C @ B = 5 3 = @ 5 7 < / 4 = @ 6 3 @ D 7 A 7 = < / < 2 B = / : : B 6 3 < C ; 3 @ = C A > 3 = > : 3 E 6 = 6 /D 3 A C > > = @ B 3 2 ; 3 B 6 @ = C 5 6 = C B B 6 3 1 3 < B @ 3 4 = : 2 > @ = 8 3 1 B /<2@3E 5 6=00A E 7 B 6 A > 3 1 7 / : B 6 / < 9 A B = / : : B 6 3 / @ B 7 A B A 7 < D = :D 3 2 7 < B 6 7 A 7 A A C 3 = 4 1 3 < B @ 3 4 = : 2 / < 2 B 6 3 1 3 < B @ 3 4 = : 2 3 F 6 7 0 7 B 7 = < G = C @ 1 = < B 7 < C 3 2 2 3 2 7 1 / B 7 = < 3 < B 6 C A 7 / A ; / < 2 1 = ; ; 7 B ; 3 < B 6 / A 0 3 3 < /;/H7<5 1 6 / < B / : / < 2 3 D 3 @ G = < 3 / B E 3 0 0 3 @ 4 = @ G = C @ 1 = < B 7 < C 3 2 A C > > = @ B / < 2 6/@2 E=@9 /07 /<2 A/@/ /B = < 3 A 7 F A 3 D 3 < > @ = 2 C 1 B 7 = < A 4=@ 037<5 =< B63 0/:: /<2 >@=43AA7=</: /A 3D3@ 6 / < < / 6 : /E B = < /B ; /B 1 6 3 A 4=@ >C::7<5 =CB /:: B63 A B = > A 3 D 3 @ G = < 3 / B /:3F/<23@ ;1?C33< 4=@ / : : G = C @ 6 3 : > / < 2 3 < 1 = C @ / 5 3 ; 3 < B 2 / ; / @ 7 A 3 D/ < A 4 = @ > C B B 7 < 5 C > E 7 B 6 / : : ; G 0 /5 A B= ;C; /<2 2/2 4=@ /:: G = C @ 3 < 1 = C @ / 5 3 ; 3 < B : = D 3 / < 2 A C > > = @ B 53=@57</ 6=2A=< > C 0 : 7 A 6 3 2 0 G 1 3 < B @ 3 4 = : 2 ; / 5 / H 7 < 3 :B 2 27@31B=@A E/ @ @ 3 < 0 3 3 0 G /<2@3E 5 6=00A Â&#x2013;13<B@34=:2 ;/5/H7<3 ' 13<B@34=:2;/5/H7<3 1= C9
1 3 < B @ 3 4 = : 2 7 A / : 7 ; 7 B 3 2 0 7 ³ / < < C / : > C 0 : 7 1 / B 7 = < 3 / 1 6 7 A A C 3 E @ / > A / @ = C < 2 B 6 3 > @ 3 D 7 = C A = < 3 0 C 7 : 2 7 < 5 3 / 1 6 D = : C ; 3 4 @ = ; B 6 3 1 3 < B @ 3 = C B
5 0 > % # 3 C @ CA2 " /32 #
= "