)P 4EWS 8)<%7
%HSVEGMzR
HV PiV HI PS UYI TYIHIW HIGMV PiV GH OR TXH
TYIHIW WIRXMV /$ $'25$&,21 IR XSHSW PSW QSQIRXSW IW IR XSHSW PSW QSQIRXSW IW
WX GLDULR YLYLU
%PEFER^E = %(36%'-32 TSV
5(129$
(Q (VStULWX \ (Q 9HUGDG
ยก4SHVIQSW IRGSRXVEV
812 IR UYMIR VITSWI IP
(VStULWX GH 'LRV"
+IRIWMW
36%(36)7
,19,7$'26
t
%FSKEHS HI TVSJIWMzR TVIHMGEHSV ] QEIWXVS GSR YRE YRGMzR ] ] QEIWX WIRWMFMPMHEH EP QSZIV HIP )WTuVMXY 7ERXS ,E QMRMWXVEHS IR IP 'SRXMRIRXI %QIVMGERS IR HMJIVIRXIW WIQMREVMSW ] GSRJIVIRGMEW 7I PI GSRSGI TSV WY QIRWENI HI VIRSZEGMzR ] EZMZEQMIRXS %P QMWQS XMIQTS IW VIGSRSGMHS %P QMWQS XMIQTS IW GSQS YRE HI PEW ZSGIW UYI (MSW LE PIZERXEHS GSR EYXSVMHEH TEVE LEFPEV E PE NYZIRXYH IR RYIWXVSW HuEW
)W *YRHEHSV ] (MVIGXSV HI PSW QMRMWXIVMSW ±(I ,SQFVI E ,SQFVI² ±:MWMzR .YZIRMP² ] ±)P :EUYIVS :j^UYI^² %YXSV HI QjW HI YRE HSGIRE HI PMFVSW )W YR SVEHSV QY] WSPMGMXEHS TSV WY QERIVE JVERGE ] EQIRE HI HEV IP QIRWENI %GXYEPQIRXI WYW TVSKVEQEW HI XIPIZMWMzR ±)R PE 'MQE² ] ±(I ,SQFVI E ,SQFVI² 'MQE² ] WI XVERWQMXIR TSV PE GEHIRE ±)RPEGI² E XSHE %QqVMGE 0EXMRE KVER TEVXI HI )YVSTE %JVMGE ] )WXEHSW 9RMHSW
36%(36)7
,19,7$'26 1jW UYI YRE ZS^ TVSJqXMGE I MRWTMVEGMzR E PSW PuHIVIW ] NzZIRIW HI IWXE KIRIVEGMzR WY IRIVKuE IW HI IWXE KIRIVEGMzR EPKS UYI WI GSRXEKME 7Y TEWMzR TSV EPGER^EV IP PPEQEHS HI (MSW IR WY ZMHE IP GSQTVSQMWS UYI XMIRI HI FYWGEVPI GEHE HuE ] WY KIRYMRS EQSV TSV PE KIRXI PS LER LIGLS YR INIQTPS TEVE QYGLSW
)W TEWXSV ] QMWMSRIVS 7Y PPEQEHS E PEW REGMSRIW PS LE PPIZEHS EPVIHIHSV HIP QYRHS TEVE TVIHMGEV IP IZERKIPMS IR TYIFPSW RS EPGER^EHSW 7Y Qj\MQS HIWIS IW ZIV E PSW NzZIRIW ZMZMV ETEWMSREHSW TSV (MSW 1EVGSW ] WY IWTSWE :IVzRMGE LER GVMEHS E YRE TIUYIyE JEQMPME HI XER WSPS LMNSW IR 4SVZIRMV HI XER WSPS LMNSW IR & ' PYKEV HSRHI qP TEWXSVIE %YXSV HIP PMFVS ±0EW FEF]W PSW FS]W ] PSW FIWSW²
0MGIRGMEHE IR 0MRKÂ&#x201A;uWXMGE HI PE 9'7( )W IWTSWE HI TEWXSV ] QEHVI HI GYEXVS LMNSW .YRXS GSR WY IWTSWS 'EVPSW TEWXSVIEVSR TSV EySW E PSW NzZIRIW HI 7-2)6+-% HI PE MKPIWME 7ER 4EFPS IR 8MNYERE 7Y IWTSWS ] IPPE HMVMKIR ,MKLPERH 4VMRGI %GEHIQ] .V ERH ,MKL 7GLSSP 7Y GSVE^zR ZMZI ERH ,MKL 7GLSSP ETEWMSREHS TSV PE NYZIRXYH HI IWXI QYRHS