Flujos de efectivo y entorno económico en las empresas de servicios de Risaralda, 2002-2011
| Autor | Gabriel Eduardo Escobar Arias |
| Páginas | 141-158 |
ΣΞΣ
Α#∆/∋∗+%0.)#/.∀%%
01Χ∀∆#/%;/∋#1=
Β∗Χ∋∆∋.∀Ε%37"fg"lwnkq"fg"4235
>∀∃Χ∗32∀%.∗%∗Φ#+)#Χ∋Γ∃Ε"3:"fg"hgdtgtq"fg"4236
;3/∀∆#.∀Ε%39"fg"oct¦q"fg"4236
ϕ8/0.0)34−%!)%∃Β4−∗&!∗.!
Λ#)3.34−&%/3(.!8/0.()3/%!Ι!
23.%./3∗&%Ν!Θ0/∗.−∗!%40/3%#0!
#∗!?%!∆.3≅∗&43#%#!Λ1−(.0)%!
#∗!Α%.3+%?∗4!Ι!#0/∗.−∗!
/%−∗#&=−3/0!%40/3%#0!#∗!?%!
∆.3≅∗&43#%#!Τ%/30.%?!#∗!
ϑ0?0)Ε3%!4∗#∗!Α%.3+%?∗4Ν!
Θ3&∗//3(.!#∗!/0&&∗4Μ0.#∗./3%χ!
Λ≅∗.3#%!Λ?Ε∗&−0!Α∗.#0+%!!
κ!νΨΞνΨ!/%4%!κ!∴ν!Α%.3+%?∗4!
ϑ%?#%4!ϑ0?0)Ε3%Ν!
ϑ0&&∗0!∗?∗/−&(.3/0χ!
∃%Ε&3∗?∗#0∗4/0Ε%&Ζ∃)%3?Ν/0)
∀#∃%∃&∋!()∗#+∋!,−)∃∋1 ΑΒΒ7Χ!==?≅:6>?61!5)∗∋!61!7)∋!81!,∃,9):;8?1!((∋!8?8:8ι≅!
∆Ω#−#[∃!∆Ρ(,−#%∗!:!∆−)∃)3]%!Η,/#)∃%∗
∀∗
,−)∃[3#−)!,∃!∗%Ρ!,3(9,Ρ%Ρ!Ω,!
Ρ,9⊥#−#)Ρ!Ω,!Η#Ρ%9%∗Ω%1!=>>=:=>88
.≅ΕΙ5≅ϑ
Rctc"tgncekqpct"nqu" àwlqu"fg" ghgevkxq"eqp"gn" gpvqtpq"geqp„okeq" gp"gn"
−
fgekukqpgu"vcpvq"fg"kpxgtuk„p."Þpcpekcek„p"{"fg"qrgtcek„p"fgdgp"ugt"tguwnvcfq"
Ω,∗!3,Ω#)!,∃!,∗!−Ρ,!9,%∗#&%∃!∗%Ρ!%−+#⊥#Ω%Ω,Ρ!−)3,9−#%∗,Ρ∋!∆∗!)4;,+#⊥)!(9#∃−#(%∗!
eqpukuvk„"gp"fgvgtokpct"nc"tgncek„p"swg"rtgugpvctqp"nqu"àwlqu"fg"ghgevkxq"fg"ncu"
,3(9,Ρ%Ρ!Ω,!Η#Ρ%9%∗Ω%!Ω,∗!Ρ,−+)9!Ω,!Ρ,9⊥#−#)Ρ!Τ!,∗!−)3()9+%3#,∃+)!Ω,∗!,∃+)9∃)!
,−)∃[3#−)!9,/#)∃%∗!Ω<9%∃+,! ,∗!3#Ρ3)!(,9#)Ω)! Ω,!+#,3()∋!ς%9%!Ρ Ω,Ρ%99)∗∗)!
ogvqfqn„ikeq."ug"qdvwxkgtqp"nqu"àwlqu" fg"ghgevkxq"fg"ncu"gortgucu"fgn" ugevqt."
nwgiq"ug"gzvtclgtqp"ncu" rtkpekrcngu"xctkcdngu"ocetq"{" Þpcnogpvg"ug"cpcnk¦„"nc"
−)99,∗%−#[∃!,∃+9,!⊥%9#%4∗,Ρ∋! ∆∃!∗)Ρ!9,Ρ)4+,∃#Ω)Ρ!Ρ,!,⊥#Ω,∃−#[!ε ∃)!
gzkuvg"wpc"eqttgncek„p"gpvtg"nqu"àwlqu"fg"ghgevkxq"{"ncu"xctkcdngu"ocetq0
!∀#∀∃ %∀&∋ ( #∀)∗+ ∋ àwlqu" fg" ghgevkxq." wvkn kfcf." tgpvcdknkfcf" fg n" cevkxq."
⊥%9#%4∗,Ρ!3%−9),−)∃[3#−%Ρ!Τ!Ρ,−+)9,Ρ∋!
,−.+!ϕ>>
Κ(:∀∃⊥0+_∃(34∃∗∀#∃7)+3+&1)∃73Γ1>+3∗∃∃
13∃∗∀#∃61:(>(04(∃:#>Γ1)#∃)+&∋(31#:
6⊥ΕΦ.6ΑΦ
Vq"tgncvg" ecujàqy"vq"vjg" geqpqoke"gpxktqpogpv"kp"yjkej"c" dwukpguu"
,Ξ#Ρ+Ρ!#+!#Ρ!#3()9+%∃+! +)!Ρ+ +Υ,!,∃⊥#9)∃3,∃+!χ)93Ρ!%! −)∃+,Ξ+!χ)9!
kpxguvogpv."Þpcpeg"cpf"qrgtcvkqpcn"fgekukqpu0"Vjg"ockp"cko"ku"vq"fgvgtokpg"
vjg"tgncvkqpujkr"dgvyggp" ecujàqy"kp"egtvckp" ugtxkeg"eqorcpkgu"kp"Tkuctcnfc"
%∃Ω!+Υ,!4,Υ%⊥#)<9! )χ!+Υ,!,−)∃)3#−! ,∃⊥#9)∃3,∃+!)χ!+Υ,! 9,/#)∃!)⊥,9!+Υ,! (,:
tkqf"4224/42330"Ecujàqy"hqt"dwukpguugu"kp"vjg"ugevqt"ku"ujqyp"cpf"eqorctgf"
ykvj"ocetq/xctkcdngu0"Vjg"tguwnvu"ujqy"pq"eqttgncvkqp"dgvyggp"ecujàqyu"cpf"
3%−9):⊥%9#%4∗,Ρ∋
!/∗012%3&+∋Ecujàqy."wvknkv{."tgvwtp"qp"cuugvu."ocetq/geqpqoke"xctkcdngu"
%∃Ω!Ρ,−+)9Ρ∋
4%56(7#2∋3∗∋89)∗&58:∀(8;9
FQK
tgxÞpcp¦rqnkvgeqp04236080309
Æ"4236"Wpkxgtukfcf"Ecv„nkec"fg"
Eqnqodkc0"Hcewnvcf"fg"Ekgpekcu"
Geqp„okecu"{"Cfokpkuvtcvkxcu0"!
>&5&0!−&0!5∃∗∃%?&0!∗∃0∃∗=#5&0≅
Γ∃#⊥,9Ρ#Ω%Ω!7%−#)∃%∗!Ω,!2)∗)34#%1!!
Ο%∃#&%∗,Ρ1!2)∗)34#%!:!Γ∃#⊥,9Ρ#Ω%Ω!ϑ
Ο%∃#&%∗,Ρ1!Ο%∃#&%∗,Ρ1!2)∗)34#%
ΣΞς
!∀#∃#%&∋()∗∀+&∋,−)#&.!∀##∃!%%&∋()∗&)+!,−./!)+!∃−/!0+!1213−!(!4526−+!%∗0&+!77/!0&0!(!08∋!
9:6;6<2!9=71;6>.!(!9;−2−?≅>!Α1Β6−2>.
⊥0.]+:∃4#∃)(1](∃#∃)+3∗#]∗+∃#)+3=&1)+∃3(:∃#&∋>#:(:∃∃
4#∃:#>Γ1Ξ+:∃4#∃61:(>(04(∃∆ΕΕ∆Ο∆ΕΦΦ
.≅ΕΙ5Γ
Rctc"tgncekqpct"qu"àwzqu"fg"eckzc" eqo"q"eqpvgzvq"geqp»okeq"pq" swcn"
Ρ,!Ω,Ρ,3(,∃Υ%!%! ,3(9,Ρ%1!ρ!#3()9+%∃+,! 9,%∗#&%9!<3!,Ρ+ ⊥,&!ε
fgekugu"vcpvq" fg" kpxguvkogpvq."Þpcpekcogpvq" swcpvq" fg"qrgtc›«q" fgxgo"
Ρ,9!9,Ρ∃)!ε%+#⊥#Ω%Ω,Ρ!−)3,9−#%#Ρ∋!Ν!)4;,+#⊥)!
rtkpekrcn"eqpukuvkw" go" fgvgtokpct"c" tgnc›«q" swg"crtgugpvctco" qu"àwzqu"fg"
−%#Ξ%!Ω%Ρ!,3(9,Ρ%Ρ!Ω,!Η#Ρ%9%∗Ω%!Ψ2)∗λ34#%Ζ!Ω)!Ρ,+)9!Ω,!Ρ,9⊥#ν)Ρ!,!Ω)!−)3()9:
+%3,∃+)!Ω)!−)∃+,Ξ+)!,−)∃λ3#−)!9,/#)∃%∗!Ω<9%∃+,!)!3,Ρ3)!(,9])Ω)∋!ς%9%!Ρ,
fgugpxqnxkogpvq"ogvqfqn„ikeq."qdvkxgtco/ug"qu"àwzqu"fg"eckzc"fcu"gortgucu"
fq"ugvqt."go"ugiwkfc"ug"gzvtctco"cu"rtkpekrcku"xctkƒxgku"ocetq"g."Þpcnogpvg."
%∃%∗#Ρ)<: class="_ _1">−)99,∗%νο)!,∃+9,!⊥%9#0⊥,#Ρ∋!7)Ρ!9,Ρ,⊥#Ω,∃−#)<:>
swg"p«q"gzkuvg"woc"eqttgnc›«q"gpvtg"qu"àwzqu"fg"eckzc"g"cu"xctkƒxgku"ocetq0
!∀#∀) %∀&< (=∀) ∗Χ! ∀∗
⊥%9#0⊥,#Ρ!3%−9),−)∃λ3#−%Ρ!,!Ρ,+)9,Ρ∋
ΣΞΩ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
=ϑΦ.Γ:ΙΑΑ=∆ϑ
)373∋,3∋50.0732−_.∋/0∋0Ε473405− 3Ε∋Σ∗0∋,6570.∋,3∋ϑ07Α
Θ3.0.2−3∋0.∋0,∋4−0Θϑ6∋/0∋,3Ε∋0Θϑ70Ε3Ε∋∗∋6753.−Ζ3Α
2−6.0Ε∋/0∋Ρ6?∋0.∋/83∋?∋,65737∋∗.∋/0Ε3776,,6∋705−6.3,∋
Ε6Ε40.−+,0:∋0Ε∋−Θϑ6743.40∋3.3,−Ζ37∋0,∋0.467.6∋324∗3,∋
3,∋Σ∗0∋,3Ε∋6753.−Ζ32−6.0Ε∋Ε0∋0Ε4ε.∋0.Ψ70.43./6Ο
)373∋ Ε0 5∗−7∋ 26 .∋ ∗.∋ 3.ε, −Ε−Ε∋ /0 ∋ ,3∋ 703, −/3/∋
Þpcpekgtc" fg" ncu" gortgucu" fgn" Glg" Echgvg tq" eqp"
guvc"kpxguvkicek„p"gp"nc"npgc" fg"Þpcp¦cu"fgn"itwΑ
ϑ6∋0.∋0Θϑ70Ε37−3/6∋/0∋,3∋Γ.−∆07Ε−/3/∋&∗4_.6Θ3∋
/0∋Β3.−Ζ3,0Ε:∋Ε0∋ ϑ7040./0∋ ,3∋0,3+6732−_.∋/0∋ ∗.∋
guvwfkq"gp"gn"ewcn"ug"cpcnkegp"nqu"àwlqu"fg"ghgevkxq"
/0∋ 3,5∗.3Ε∋ 0Θϑ70Ε3∋ /0∋ >−Ε373, /3∋ ϑ373∋ 0,∋ Ε02467∋
Ε07∆−2−6Ε∋ /∗73. 40∋ 0,∋ ϑ07−6/6∋ ΤςςΤΑΤς ΩΩ:∋ 0.∋ Ε∗Ε∋
guvtwevwtcu"fg"qrgtcek„p."Þpcpekcek„p"g"kpxgtuk„p."
?∋/0407Θ−.37∋Ε∗∋70,32−_.∋26.∋0,∋0.467.6∋026._Θ−26∋
705−6.3,∋/∗73.40∋0,∋Θ−ΕΘ6∋ϑ07−6/6Ο∋96.∋0,∋0Ε4∗/−6∋
/0∋/−Ψ070.40Ε∋∆37−3+,0Ε∋026._Θ−23Ε∋26Θ6∋0,∋)76/∗2Α
46∋!.407.6∋Χ7∗46:∋0,∋ /0Ε0Θϑ,06:∋,3∋43Ε3∋/0∋−.407αΕ∋
Ε0∋3.3,−Ζ37ε.∋Ε∗Ε∋26Θϑ6743Θ−0.46Ε∋?∋Ε0∋01ϑ,−237ε.∋
/0∋32∗07/6∋26.∋,6Ε∋ 70Ε∗,43/6Ε∋6+40.−/6Ε∋/∗73.40∋
0,∋ϑ07−6/6∋ 6+046∋/0∋ 0Ε4∗/−6∋0.∋ ,3Ε∋0Θϑ70Ε3Ε∋ /0∋
>−Ε373,/3∋ /0,6 Ε∋ Ε024670Ε∋ 026._Θ −26Ε∋ Ε0β3,3/6Ε:∋
nqu"ewcngu" tgrqtvctqp"kphqtocek„p" Þpcpekgtc"c" nc"
≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0ΕΩΟ∋
≅0∋ϑ70Ε0.43.∋3∋26.4−.∗32−_.∋,6Ε∋70Ε∗,43/6Ε∋
/0∋ 0Ε40∋ 473+36:∋ Σ∗0∋ ϑ67∋ Ε∗∋ ∗4−,−/3/∋ /3.∋ 67−50.∋
3∋.∗0∆6Ε∋ ϑ7620Ε6Ε∋ −.∆0Ε4−534−∆6Ε∋ϑ373∋ /−Ψ070.40Ε∋
Ε024670Ε:∋ϑ07−6/6Ε∋?∋705−6.0Ε∋Σ∗0∋Ρ3283∋Ψ∗4∗76∋ϑ∗0Α
/0.∋Ε07∋∗.3∋ Ρ0773Θ−0.43∋/0∋3.ε,−Ε−Ε∋ ϑ373∋Ψ32−,−437∋
,3∋46Θ3∋ /0∋/02−Ε−6.0Ε∋ Σ∗0∋26.,,0∆0.∋ 2702−Θ−0.46∋
0Θϑ70Ε37−3,∋?∋705−6.3,Ο
<3∋ 26 .43+−, −/3/: ∋ 26Θ6∋ 64 73Ε∋ /− Ε2−ϑ,− .3Ε:∋
473Ε2−0./0∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋Ε0∋/3.∋3∆3.20Ε∋0.∋
,3∋402.6,6583:∋ 0.∋,3∋−..6∆32−_.:∋ 0.∋,3Ε∋Ψ67Θ3Ε∋/0∋
50.0737∋ 26.62−Θ−0 .46:∋ 042Ο∋ <3∋ 26.43+−, −/3/∋ Ρ6?∋
ϑ67∋Ρ6?∋4−0.0∋26Θ6∋6+046∋.6∋Ε6,3Θ0.40∋Θ6Ε4737∋
70Ε∗,43/6Ε∋/0∋,3Ε∋473.Ε322−6.0Ε∋26Θ072−3,0Ε∋Σ∗0∋Ε0∋
/3.∋0.∋0,∋−.407−67∋/0∋,3∋0Θϑ70Ε3:∋Ε−.6∋Σ∗0∋43Θ+−α.∋
0Ε∋∗.3∋Ρ0773Θ−0.43∋26.∋,3∋2∗3,∋Ε0∋47343∋/0∋01ϑ,−237∋
43Θ+−α.∋0Ε46Ε∋70Ε∗,43/6Ε∋ϑ373∋Ψ32−,−437∋,3∋46Θ3∋/0∋
Ω∋∋ 96.Ψ67Θ0∋3∋,3∋.67Θ3∋26,6Θ+−3.3∋705−/3∋ϑ67∋0,∋#027046∋γΞ{ς∋
fgn"6" fg" fkekgodtg" fg" 4228." ug" fgvgtokpcp" ncu" rgtuqpcu"
∗78/−23Ε∋?∋Ε62−0/3/0Ε∋Ε∗043Ε∋3∋ ,3∋∆−5−,3.2−3∋/0∋,3∋≅∗ϑ07−.Α
40./0.2−3∋/0∋≅62−0/3/0ΕΟ
/02−Ε−6.0Ε∋0Θϑ70Ε37−3,0Ε∋43,0Ε∋26Θ6∋/02−Ε−6.0Ε∋/0∋
Þpcpekcek„p."kpxgtuk„p" {" fg"rciq" fg"fkxkfgpfqu."
/02−Ε−6.0Ε∋0.Ψ623/3Ε∋Ρ32−3∋ ,3∋27032−_.∋/0∋ ∆3,67∋?∋
ϑ07Θ3.0.2−3∋/0∋,3∋0Θϑ70Ε3∋0.∋0,∋Θ0723/6Ο∋&,5∗Α
.3Ε∋/0∋,3Ε∋Ρ0773Θ−0.43Ε∋Σ∗0∋ϑ6Ε00∋,3∋26.43+−,−/3/∋
ϑ373∋Θ06737∋0,∋3.ε,−Ε−Ε∋/0∋,3∋0Θϑ70Ε3∋0Ε∋0,∋3.ε,−Ε−Ε∋
Þpcpekgtq"gn"ewcn"guvwfkc"nc"nkswkfg¦."nc"tgpvcdknkfcf."
0,∋0./0∗/3Θ−0.46:∋0,∋3ϑ3,3.23Θ−0.46:∋0.470∋6473Ε∋
Ρ0773Θ−0.43Ε∋Σ∗0∋Ε0∋0.Ψ623.∋ϑ373∋Ψ32−,−437∋0,∋3.εΑ
,−Ε−Ε∋?∋26.47−+∗−7∋3,∋2702−Θ−0.46∋/0∋,3∋6753.−Ζ32−_.Ο∋
#0∋32∗07/6∋26.∋0,∋70ϑ6740∋/0∋Ψ6./6Ε:∋,−Σ∗−/0Ζ∋
{"àgzkdknk¦cek„p" Þpcpekgtc." gp"cniwpqu" rcugu"nqu"
0.467.6Ε∋026._Θ−26Ε∋ /6./0∋Ε0∋ /0Ε0.∆∗0,∆0.∋,3Ε∋
0Θϑ70Ε3Ε∋0Ε4ε.∋Θ3723/6Ε∋ϑ67∋3,43Ε∋43Ε3Ε∋/0∋−.407αΕ∋
0.∋0,∋Θ0723/6∋?∋0,,6∋26.,,0∆3∋Σ∗0∋,3Ε∋0Θϑ70Ε3Ε∋70Α
∆0,0.∋3,46Ε∋.−∆0,0Ε∋/0∋∗4−,−/3/0Ε∋?∋+36Ε∋.−∆0,0Ε∋/0∋
233:∋26.∋,6∋2∗3,∋Ε0∋50.073∋∗.3∋ϑ7062∗ϑ32−_.∋ϑ67∋
,3∋∗4−,−/3/∋?∋3.ε,−Ε−Ε∋703,∋/0∋,3∋−.Ψ67Θ32−_.∋3∋ϑ374−7∋
fg"nqu"guvcfqu"Þpcpekgtqu0"Rqt"guvg"oqvkxq" ug"koΑ
ϑ,0Θ0.4_∋0.∋96,6Θ+−3∋3∋ϑ374−7∋/0∋,6Ε∋3β6Ε∋62Ρ0.43∋
nc"rtgugpvcek„p"fg"nqu" àwlqu"fg"ghgevkxq"eqoq"wp"
guvcfq"Þpcpekgtq"cfkekqpcn"rctc"oglqtct"gn"cpƒnkuku"
/0∋,3∋−.Ψ67Θ32−_.∋50.073/3∋ϑ67∋,3∋26.43+−,−/3/Ο∋∃.∋
guvqu"àwlqu"fg"ghgevkxq."ug"fkhgtgpekctqp"ncu"cevkxkΑ
fcfgu"fg"qrgtcek„p."Þpcpekcek„p"g"kpxgtuk„p."eqp"
0,∋6+046∋/0∋Ψ67Θ∗,37∋?∋ϑ76.6Ε4−237∋,6Ε∋70Ε∗,43/6Ε∋
/0∋ 233∋ ?∋ 3Ε8∋ 26Θϑ,0Θ0.43 7∋ ,3∋ −.Ψ67Θ32−_.∋ Σ∗0∋
ug" rtgugpvc" gp" qvtqu" g uvcfqu" Þpcpekgtqu." eqoq"
0,∋+3,3.20∋ 50.073,:∋0,∋0Ε43/6∋ /0∋70Ε∗,43/6Ε∋ ?∋,6Ε∋
23Θ+−6Ε∋0.∋0,∋ϑ347−Θ6.−6Ο
Nqu"àwlqu"fg"ghgevkxq."cn"kiwcn"swg"cniwpcu"fg"
,3Ε∋Ρ0773Θ−0.43Ε∋.6Θ+73/3Ε:∋Ε6.∋+3Ε0∋ϑ373∋,3∋46Θ3∋
/0∋/02−Ε−6.0Ε∋0Θϑ70Ε37−3,0Ε:∋?3∋Σ∗0∋/0407Θ−.3.∋/0∋
/_./0∋ϑ76∆−0.0.∋,6Ε∋702∗7Ε6Ε∋?∋2∗ε,∋0Ε∋Ε∗∋∗4−,−Ζ32−_.∋
?∋Ε6.∋+3Ε0∋Ψ∗./3Θ0.43,∋ϑ373∋/0407Θ−.37∋,3∋,−Σ∗−/0Ζ∋?∋
∋
2702−Θ−0.46∋/0∋ ,3∋ 0Θϑ70Ε3:∋3Ε8∋ 26Θ6∋43Θ+−α.∋0,∋
∆3,67∋/0∋,3∋6753.−Ζ32−_.∋?∋,3Ε∋/02−Ε−6.0Ε∋/0∋40Ε670783∋
0.∋Ε∗Ε∋−.∆07Ε−6.0Ε∋/0∋,3756∋26Θ6∋/0∋26746∋ϑ,3Ζ6Ο
∃.∋,6Ε∋ϑ7620Ε6Ε∋/620.40Ε∋Ε0∋Ρ3∋473+33/6∋3∋
rtqhwpfkfcf"gn"vgoc"fg"nqu"àwlqu"fg"ghgevkxq"{"ug"jc"
ϑ6/−/6∋/0407Θ−.37∋Σ∗0∋Ε6.∋∗.3∋Ρ0773Θ−0.43∋Θ∗?∋
−Θϑ6743.40∋ϑ373∋0,∋3ϑ6?6∋/0∋,3∋46Θ3∋/0∋/02−Ε−6.0Ε∋
0.∋0,∋−.407−67∋/0∋,3Ε∋6753.−Ζ32−6.0Ε:∋?3∋Σ∗0∋/0∋,3Ε∋
/02−Ε−6.0Ε∋Σ∗0∋ Ε0∋ 46Θ0.∋/0ϑ0./0∋ ,3∋ ,−Σ∗−/0Ζ:∋0,∋
2702−Θ−0.46∋?∋,3∋ϑ07Θ3.0.2−3∋/0∋,3Ε∋Θ−ΕΘ3Ε∋0.∋∗.∋
ΣΞΞ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
0.467.6∋26Θϑ04−4−∆6Ο∋=3Θ+−α.∋3∋ϑ374−7∋/0∋0Ε46Ε∋0Ε∋
swg"ncu"gpvkfcfgu"Þpcpekgtcu"vqocp"nc"fgekuk„p"fg"
6467537,0∋702∗7Ε6Ε∋Θ6.0437−6Ε∋3∋,3Ε∋0Θϑ70Ε3Ε∋ϑ373∋
uw"kpxgtuk„p"{"qrgtcek„p="rqt"nq"vcpvq."nqu"àwlqu"fg"
0Ψ024−∆6∋Ε0∋ 26.∆−74−076.∋ΘεΕ∋ 0.∋∗.3∋ Ρ0773Θ−0.43∋
igtgpekcn"swg"gp"wp"ukorng"guvcfq"Þpcpekgtq" swg"
37763∋ −.Ψ67Θ32−_.∋ 26.43+,0Ο∋ Κ∋ 0.∋ ,3∋ Θ0/−/3∋ 0.∋
∋
Σ∗0∋0,∋70Ε∗,43/6∋/0∋,6Ε∋Θ−ΕΘ6Ε∋Ε0∋ϑ∗0/3∋70,32−6.37∋
26.∋0,∋0.467.6∋026._Θ−26:∋,3Ε∋/02−Ε−6.0Ε∋Σ∗0∋3,,8∋Ε0∋
46Θ0.∋40./7ε.∋∗.∋Θ3?67∋Ψ∗./3Θ0.46∋ϑ373∋473437∋
/0∋/0407Θ−.37∋0,∋ Ε0./076∋Σ∗0∋/0+0∋46Θ37∋ ,3∋0ΘΑ
ϑ70Ε3∋/0∋32∗07/6∋26.∋,3Ε∋70,32−6.0Ε∋Σ∗0∋ϑ70Ε0.40.∋
nqu"fkhgtgpvgu"àwlqu"fg"ghgevkxq"eqp"gn"gpvqtpq"gp"
0,∋2∗3,∋Ε0∋/0Ε0.∆∗0,∆0∋,3∋6753.−Ζ32−_.Ο
#−Ψ070.40Ε∋ 3∗46 70Ε∋ Ρ3.∋ 473+33/6∋ 0, ∋ 40Θ3∋
fg"nqu"àwlqu"fg" ghgevkxq"{"nq"jcp"tgncekqpcfq" eqp"
/−Ψ070.40Ε∋4−ϑ6Ε∋/0∋∆37−3+,0Ε∋26.∋0,∋6+046∋/0∋3.3Α
,−Ζ37,6Ε∋?∋ 43Θ+−α.∋ϑ70/02−7,6ΕΟ∋ &∋26.4−.∗32−_.∋ Ε0∋
Θ∗0Ε473.∋3,5∗.6Ε∋/0∋,6Ε∋3∗4670Ε∋26.Ε∗,43/6Ε∋ΘεΕ∋
26.40Θϑ67ε.06ΕΟ
61(/∀δ#∃φ )8∀%8Ο4#∃,8∋84%π8&8∃,#∋,#4,#∃(1&%/
&.4Ρ6.?∋?∋9343.32Ρ∋]Τςςς⊥ Η,∗6∋/0∋233∋6ϑ0734−∆6∋?∋7−0Ε56
#0Ψ6./∋?∋Λ∗.5∋]ΤςςΞ⊥ Guvcfqu"Þpcpekgtqu."kpitguqu."nc"kpxgtuk„p"gp"ecrkvcn"{"nqu"rtqdngocu"Þpcpekgtqu"fgn"ugevqt
∀−κκ−.0.∋?∋≅3Ρ,Ε476Θ∋]Τςςγ⊥ Dcncpeg"igpgtcn."guvcfq"fg"tguwnvcfqu"{"àwlqu"fg"ghgevkxq"jkuv„tkequ
<0567−3∋?∋≅0,,07Ε∋]Τςς{⊥ Χ3,3.20∋50.073,∋?∋0Ε43/6∋/0∋70Ε∗,43/6Ε
<670κ∋?∋[−,,−.507∋]Τςςφ⊥ Η,∗6Ε∋/0∋0Ψ024−∆6∋Ρ−Ε4_7−26Ε∋?∋+3,3.20∋50.073,
9Ρ0.5:∋=Ε3−∋?∋
<670κ∋]ΤςΩς⊥ Η,∗6Ε∋/0∋0Ψ024−∆6∋Ρ−Ε4_7−26Ε
&4Ν66/:∋#73κ0∋?∋Β?07Ε∋]ΤςΩΩ⊥ !.570Ε6Ε∋?∋0Ε43/6Ε∋/0∋70Ε∗,43/6Ε
>−2κ∋]ΤςΩΩ⊥ #−∆−/0./6Ε∋?∋∗4−,−/3/0Ε
Β−.ΑΚ3.∋?∋&./703Ε∋]ΤςΩΩ⊥ Η,∗6Ε∋/0∋233∋Ρ−Ε4_7−26Ε
Χ3/074Ε2Ρ07:∋96,,−.Ε∋?∋
Η73.2−Ε∋?∋∃3Ε6.]ΤςΩΤ⊥ 9∗0.43Ε∋ϑ67∋26+737:∋−.∆0.437−6Ε∋]23ϑ−43,∋/0∋473+36⊥
<670κ∋]ΤςΩΞ⊥ Guvcfqu"Þpcpekgtqu"jkuv„tkequ
Η37ΕΡ3/Ψ37∋?∋Β6.0Θ∋]ΤςΩΞ⊥ Η,∗6∋/0∋233∋6ϑ0734−∆6:∋2,−0.40Ε∋?∋ϑ76∆00/670Ε
Χ3κ07∋]ΤςΩγ⊥ Guvcfuvkec"crnkecfc"c"nqu"àwlqu"fg"ghgevkxq"jkuv„tkequ
[3.5:∋Φ−:∋9Ρ0.∋?∋≅6.5∋]ΤςΩγ⊥ Guvcfqu"Þpcpekgtqu."xctkcdngu"ocetqgeqp„okecu"*kpàcek„p+"
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋46Θ3/6Ε∋/0∋≅2−0.20∋#−7024Ο
&Ε8∋ϑ∗0Ε:∋0,∋ϑ70Ε0.40∋/62∗Θ0.46∋26.Ε43∋/0∋
470Ε∋ϑ3740Ε:∋/6./0∋Ε0∋Θ∗0Ε473∋∗.∋70Ψ070.40∋40_7−26∋
{"ogvqfqn„ikeq."nwgiq"nqu"tguwnvcfqu" {"ug"Þpcnk¦c"
26.∋,3Ε∋26.2,∗Ε−6.0ΕΟ
.≅Χ≅.≅ϑΦ≅,Φ≅∆.=ΑΓ
∃Ε∋/0∋703,∋ −Θϑ6743.2−3∋ ,3∋ϑ70ϑ3732−_.∋ /0∋ 2−0746Ε∋
guvcfqu" Þpcpekgtqu" rctc" nc"gxcnwcek„p" {" hwpekq Α
.3Θ−0.46∋ /0 ∋ ,3Ε∋ 6753.−Ζ32 −6.0Ε∋ ?∋ 0,∋ 0Ε43 /6∋ /0∋
àwlq"fg"ghgevkxq"gu"wpq"fg" gnnqu."gn"ewcn"ng"rtqxgg"
kphqtocek„p"cn"cpcnkuvc"Þpcpekgtq"rctc"eqpqegt"nqu"
67850.0Ε∋?∋3ϑ,−232−6.0Ε∋/0∋,6Ε∋702∗7Ε6Ε∋Θ6.0437−6Ε∋
/0.476∋/0∋,3∋6753.−Ζ32−_.:∋0,∋2∗3,∋43Θ+−α.∋Ε0∋∗4−,−Ζ3∋
ϑ373∋ϑ76.6Ε4−237∋ ,6Ε∋Ψ6./6Ε∋Ψ∗4∗76Ε∋/0,∋Θ0/−3.6∋
?∋ 0,∋ ,3756∋ ϑ,3Ζ6:∋ 3∋ /− Ψ070.2−3∋ /0∋ ,3∋ ϑ70ϑ3732− _.∋
/0,∋ϑ70Ε∗ϑ∗0Ε46∋/0∋233∋Σ∗0∋ϑ07Θ−40∋0Ε43+,0207∋0,∋
ϑ76._Ε4−26∋/0∋,6Ε∋702∗7Ε6Ε∋3∋26746∋ϑ,3Ζ6∋]∴−4Θ3.:∋
3;9:+0"Ncu"Þpcp¦cu"crctvg"fg"ugt"wp" tguwnvcfq"fg"
26746∋ϑ,3Ζ6:∋43Θ+−α.∋ Ε6.∋/0∋,3756∋ϑ,3Ζ6∋ ?∋,3∋ϑ,3Α
pgcek„p"Þpcpekgtc"gu"wpc"jgttcokgpvc"hwpfcogpvcn"
ϑ373∋0Ε40∋ϑ7620Ε6:∋?3∋Σ∗0∋26Θ6∋,6∋Ε0β3,3∋0,∋3∗467∋
∴37283∋ ]Ωηηη⊥∋,3Ε∋ 0Θϑ70Ε3Ε∋ ϑ373∋ 0,∋2∗Θϑ,−Θ−0.Α
vq" fgn" qdlgv kxq" dƒukeq" Þpcp ekgtq." gn" ewcn" g u" wp"∋
Vcdnc"30
:/1&∗∃0!%&∋0/−1#5&0
ΣΞΠ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
26.20ϑ4 6∋ /0∋ ,3756∋ ϑ ,3Ζ6:∋ /0+0 .∋ ϑ07Θ3.0 207∋ ?∋
etgegt0"Gu"rqt"guvq"swg"gn"guvcfq"fg"àwlq"fg" ghgeΑ
4−∆6∋ 0Ε∋ Ρ07 73Θ−0.43∋ Ψ∗ ./3Θ0.43,∋ ϑ 373∋ ,3∋ 46Θ3∋
/0∋/02−Ε−6.0Ε∋/0,∋,3756∋ϑ,3Ζ6∋0.∋0,∋−.407−67∋/0∋,3Ε∋
6753.−Ζ32−6.0ΕΟ
Gn"guvcfq"fg" àwlq"fg"ghgevkxq"gu" wpc"fg"ncu"
ϑ−0Ζ3Ε∋ΘεΕ∋−Θϑ6743.40Ε∋Σ∗0∋Ε0∋ϑ∗0/0.∋6+40.07∋3∋
rctvkt"fg"nqu"guvcfqu"Þpcpekgtqu"*guvcfq"fg"dcncpeg"
50.073,∋?∋0Ε43/6∋/0∋70Ε∗,43/6Ε⊥∋?3∋Σ∗0∋0Ε40∋ϑ76ϑ67Α
2−6.3∋−.Ψ67Θ32−_.∋Ε6+70∋,3Ε∋ 0.473/3Ε∋?∋Ε3,−/3Ε∋/0∋
0Ψ024−∆6∋703,0Ε∋Σ∗0∋Ε0∋/3.∋0.∋,3∋6753.−Ζ32−_.∋/∗73.40∋
∗.∋ϑ07−6/6∋ /0407Θ−.3/6:∋ 0Ε40∋0Ε43/6∋Ε0∋ /07−∆3∋3∋
ϑ374−7∋/0∋,3∋02∗32−_.∋26.43+,0∋Ψ∗./3Θ0.43,:∋,3∋2∗3,∋
/0407Θ−.3∋Σ∗0∋0,∋∆3,67∋/0∋,6Ε∋324−∆6Ε∋0Ε∋−5∗3,∋3,∋∆3Α
,67∋/0∋,6Ε∋ϑ3Ε−∆6Ε∋ΘεΕ∋0,∋∆3,67∋/0,∋23ϑ−43,∋26.43+,0δ∋
rqt"nq" vcpvq."gn" àwlq"fg" ghgevkxq"fgtkxcfq" fg" nqu"
324−∆6Ε∋/0∋,3∋0Θϑ70Ε3∋/0+0∋Ε07∋−5∗3,∋3∋,3∋Ε∗Θ3∋/0,∋
∋
àwlq" fg" ghgevkxq" fg" nqu " cetggfqtgu" oƒu" gn" àwlq"
fg"ghgevkxq"fg" nqu"ceekqpkuvcu0"Gn"àwlq" fg"ghgevkxq"
43Θ+−α.∋Ε0∋ϑ∗0/0∋Θ6Ε4737∋3∋ϑ374−7∋/0∋,3∋324−∆−/3/∋
rtkpekrcn"*àwlq" fg"ghgevkxq"fg" ncu"qrgtcekqpgu+." c"
rctvkt"fg"ncu"cevkxkfcfgu"fg"Þpcpekcek„p"eqp"vgtegΑ
tqu"{" ceekqpkuvcu"*àwlq"fg" ghgevkxq"fg"nc" ÞpcpekcΑ
2−_.⊥∋?∋3∋ϑ374−7∋/0∋,3Ε∋−.∆07Ε−6.0Ε∋Σ∗0∋Ε0∋/0/−23.∋
c"qvtcu" cevkxkfcfgu" cnvgtpcu"*àwlq" fg" ghgevkxq"fg"
ncu"kpxgtukqpgu+"*Tquu."YguvgtÞgnf"{"Lqtfcp."3;;9+0"
;Ε237∋<0_.∋∴37283∋ ≅07.3:∋0.∋Ε∗∋,−+76∋ 849∃Σ
+∃%);∃6+!Μ∃+)+;∃/#)!Μ∋+4)9/+&−%!∗!8Γ.∃;);∃−+/%!
fguetkdg"gn"àwlq"fg"ghgevkxq"eqoq
! Φ%!/.!Π.∋Τ−! 4/!;)Τ)![∋/![∋/4)!4∃%Γ−+∃Α./!
Γ)#)! )&/+4/#! .−%! ;−9Γ# −9∃%−%! ;−+! .−%!
Α/+/Π∃;∃)#∃−%!4/!.)!/9Γ#/%)δ!);#//4−#/%!∗!
%−;∃−%Θ!8!.−%!);#//4−#/%!%/!./%!)&∃/+4/!;−+!
%/#7∃;∃−!)!.)!4/∋4)!Ξ;)Γ∃&).!9∆%!∃+&/#/%/%Ω2!
∗!)!.−%!Γ#−Γ∃/&)#∃−%!;−+!.)!%∋9)!#/%&)+&/2!
;−+!.)!;∋).!/..−%!&−9)+!4/;∃%∃−+/%2!∋+)!4/!
.)%!;∋)./%!/ %!.)!4/&/#9∃+);∃6+! 4/!.)!;)+Σ
&∃4)4!)!#/Γ)#&∃#!;−9−!4∃7∃4/+4−%Θ!Β−#! .−!
&)+&−2!.)!0/%&∃6+!0/#/+;∃).!4/Α/!Γ#−Γ/+4/#!
Γ−#!/.!Γ/#9)+/+&/!)∋9/+&−!4/.!Π.∋Τ−!4/!
;)Τ)!.∃Α#/!4/!.)!/9Γ#/%)!Ξ⊥χχχ2!ΓΘ!⊥_ΩΘ
96Θ6∋,6∋/0Ε27−+0∋0,∋3∗467∋≅40ϑΡ0.∋&Ο∋>6ΕΕ∋0.∋
Ε∗∋,−+76∋Μ∃+)+Ε)%!;−#Γ−#)&∃7)%."gn"àwlq"fg"ghgevkxq"gu<
! /.![∋/! )∗∋4)!)! />Γ.∃;)#!/.! ;)9Α∃−!/+! /.!
/Π/;&∃7−!;−+&)Α./! ∗!.−%!/[∋∃7)./+&/%! 9−%Σ
)+4−!4/!/%&)!Π−#9)!.−%!4∃Π/#/+&/%!Π.∋Τ−%!
4/! /Π/;&∃7−2! />∃ %&∃/+4−! 7)#∃−%! &∃Γ− %! 4/!
Π.∋Τ−!4/!;)Τ)!.−%!;∋)./%!%−+!+/;/%)#∃−%!Γ)#)!
;−9Γ#/+4/#!.)! %∃&∋);∃6+!Π∃+)+;∃/#)!4/! .)!
/9Γ#/%)Θ!Φ.!Π.∋Τ−!4/!;)Τ)!−Γ/#)&∃7−2!4/Π∃+∃4−!
;−9−!Α/+/Π∃;∃−%!)+&/%!4/!∃+&/#/%/%!∗!4/Γ#/Σ
;∃);∃6+!9/+−%!∃9Γ∋/%&−%2!9∃4/!/.!/Π/;&∃7−!
0/+/#)4−!)! Γ)#&∃#!4/!.)%!−Γ/#);∃−+/%!%∃+!
;−+&)#!.−%!#/[∋/#∃9∃/+&−%!4/!∃+7/#%∃6+!−!
;)Γ∃&).!4/!)Α)Τ−Θ!Φ.!Π.∋Τ−!4/!;)Τ)!&−&).!4/!
.)!/9Γ#/%)2!∃+;.∋∗/!.−%!)Τ∋%&/%!Γ−#!0)%&−!4/!
;)Γ∃&).!∗!%∋9)%!).!;)Γ∃&).!4/!)Α)Τ−!+/&−!
Ξ⊥χχν2!ΓΘ!_γΩΘ
Rctc"nc"eqpuvtweek„p"fgn"GHCH"{"nqu"àwlqu"fg"
ghgevkxq."guvqu"ug"fkxkfgp"gp"àwlq"fg"ghgevkxq"fg"ncu"
qrgtcekqpgu."fg" ncu"cevkxkfcfgu" fg"Þpcpekcek„p" {"
/0∋,3Ε∋324−∆−/3/0Ε∋/0∋−.∆07Ε−_.:∋Σ∗0∋3,∋Ε07∋Ε∗Θ3/6Ε∋
fc" eqoq" tguwnvcfq" gn" àwlq" fg" ghgevkxq" vqvcn0" Ug"
gpvkgpfg"rqt"àwlq" fg"ghgevkxq"fg" ncu"qrgtcekqpgu"
,3Ε∋ 0.473/3Ε∋ ?∋ Ε3,−/3 Ε∋ /0∋ 0Ψ024−∆6∋ ϑ67∋ 007207 ∋ ,3∋
324−∆−/3/∋ϑ7−.2−ϑ3,∋/0,∋.0562−6:∋0Ε∋/02−7:∋ϑ76/∗246∋
/0∋,3∋Ψ3+7−232−_.∋?∋∆0.43∋/0∋∗.6Ε∋+−0.0Ε∋6∋ϑ67∋,3∋26Α
Θ072−3,−Ζ32−_.∋6∋,3∋ϑ70Ε432−_.∋/0∋∗.∋Ε07∆−2−6ΤΟ∋)67∋Ε∗∋
rctvg."gn"àwlq"fg"ghgevkxq"fg"ncu"kpxgtukqpgu"owguvtc"
,3∋0.473/3∋?∋Ε3,−/3∋/0∋702∗7Ε6Ε∋Θ6.0437−6Ε∋ϑ76/∗246∋
/0∋/−Ψ070.40Ε∋324−∆−/3/0Ε∋/0∋−.∆07Ε−_.∋/−Ψ070.40Ε∋3∋
,3∋324−∆−/3/∋ ϑ7−.2−ϑ3,Ο∋Γ.∋00Θϑ,6∋ /0∋0,,6∋ ϑ6/783∋
Ε07∋,6Ε∋−.4070Ε0Ε∋/0∋,6Ε∋/0ϑ_Ε−46Ε∋+3.237−6Ε∋3∋473∆αΕ∋
fg"fkhgtgpvgu"rtqfwevqu"Þpcpekgtqu0" Gp"ewcpvq"cn"
àwlq"fg" ghgevkxq"fg"Þpcpekcek„p." guvgowguvtc"ncu"
0.473/3Ε∋?∋Ε3,−/3Ε∋ /0∋702∗7Ε6Ε∋Θ6.0437−6Ε∋Σ∗0∋ Ε0∋
/3.∋0.∋0,∋−.407−67∋/0∋,3∋6753.−Ζ32−_.∋ϑ67∋ϑ3740∋/0∋
4072076Ε∋?∋Ε∗Ε∋/∗0β6Ε∋6∋322−6.−Ε43ΕΟ
Gn"eƒnewnq"fg"nqu"àwlqu"fg"ghgevkxq"ug"rwgfg"
703,−Ζ37∋3∋473∆αΕ∋/0∋,3∋26.Ε47∗22−_.∋/0,∋∃Η&Η∋]∃Ε43Α
/6∋/0∋ Η∗0.40Ε∋?∋&ϑ,−232−6.0Ε∋ /0∋Η6./6Ε⊥:∋0Ε43/6∋
Þpcpekgtq"swg"owguvtc"fg"f?./0∋Ε3,0.∋,6Ε∋702∗7Ε6Ε∋
Θ6.0437−6Ε∋0.∋ ,3∋6753.−Ζ32−_.∋?∋2∗ε,∋Ψ∗0∋ ,3∋∗4−,−Α
Ζ32−_.∋Σ∗0∋Ε0∋,0∋/−6∋3∋23/3∋∗.6∋/0∋0Ε46Ε∋702∗7Ε6Ε:∋∋
4"" Gp"vfitokpqu"ukorngu."gn"àwlq"fg"ghgevkxq"fg"ncu"qrgtcekqpgu"
gu"gn"àwlq"igpgtcfq"rqt"gn"iktq"pqtocn"fgn"pgiqekq"ukp"kpenwkt"
6476Ε∋−.570Ε6Ε∋∗∋6476Ε∋0570Ε6ΕΟ∋
ΣΞΨ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
ϑ373∋3Ε8∋/0407Θ−.37∋0,∋7∗Θ+6∋Σ∗0∋Ε0∋,0∋/3∋3∋,6Ε∋/−.0Α
76Ε:∋?3∋Ε03∋Σ∗0∋Ε0∋/0Ε4−.0.∋3∋Ε∗∋324−∆−/3/∋ϑ7−.2−ϑ3,:∋
c"ncu"cevkxkfcfgu"fg"Þpcpekcek„p"q"c"ncu"cevkxkfcfgu"
/0∋ −.∆07Ε−_.Ο∃.∋ 0,∋ ∃Η&Η∋ Ε0∋ 26 Θϑ373.∋ /−Ψ070.40Ε∋
guvcfqu"Þpcpekgtqu" *dcncpeg"igpgtcn" {"guvcfq"fg"
70Ε∗,43/6Ε⊥∋26.Ε02∗4−∆6Ε∋0.∋Ε∗∋ϑ07−6/−2−/3/:∋ϑ373∋
ϑ6/07∋26.6207∋3Ε8∋,3∋ Ψ∗0.40∋?∋,3∋∗4−,−Ζ32−_.∋/0∋,6Ε∋
702∗7Ε6ΕΟ
Γ.3∋ 0Θϑ70Ε3∋ ϑ∗0/0∋ 6+40.07∋ 702∗7Ε6Ε∋ 26.∋
∋
3ϑ6 740Ε ∋ /0∋ 23 ϑ−43, ∋ ϑ67∋ ϑ 3740 ∋ /0∋ ,6 Ε∋ /∗0 β6Ε:∋∋
eqp"etfifkvqu"gzvgtpqu."eqp"xgpvc"fg"cevkxqu"Þlqu."eqp"∋
,3∋0Θ−Ε−_.∋/0∋322−6.0Ε∋?∋3∋473∆αΕ∋/0∋,3∋50.0732−_.∋
−.407.3∋/0∋Ψ6./6Ε∋ ]∴!Η⊥ΞΟ=6/6Ε∋,6Ε∋ 3.407−670Ε∋7∗Α
+76Ε∋Ε6.∋,6Ε∋,,3Θ3/6Ε∋Ψ6./6Ε:∋0.40./−0./6∋26Θ6∋
3Σ∗0,,6Ε∋ 702∗7Ε6Ε∋026._Θ−26Ε∋ /0∋ ,6Ε∋ 2∗3,0Ε∋,3∋
0Θϑ70Ε3∋/−Εϑ6.0∋6∋0Εϑ073∋6+40.07∋ϑ373∋0,∋.67Θ3,∋
Ψ∗.2−6.3Θ−0.46∋/0∋0Ε43Ο∋
<3Ε∋Ε3,−/3Ε∋ /0∋ 0Ψ024−∆6∋6∋ ,3∋∗4−,−Ζ32−_.∋Σ∗0∋
Ε0∋,0Ε∋/3∋3∋,6Ε∋ 702∗7Ε6Ε∋ϑ∗0/0.∋0Ε437∋ 70ϑ70Ε0.43Α
/6Ε∋ϑ67∋ϑ356∋/0∋,3Ε∋6+,−532−6.0Ε∋],3+673,0Ε:∋3∋,6Ε∋
rtqrkgvctkqu."c"rtqxggfqtgu."cn"ukuvgoc"Þpcpekgtq."
0.470∋6476Ε⊥:∋ /0∋,6Ε∋ −Θϑ∗0Ε46Ε∋]3∋,3∋70.43:∋3,∋ −ΘΑ
ϑ∗0Ε46∋Ε6+70∋,3Ε∋ ∆0.43Ε∋?∋/0ΘεΕ⊥Ο∋&∋0Ε46Ε∋7∗+76Ε∋
Ε0∋,0Ε∋26.620∋26Θ6∋∗Ε6Ε∋/0∋,6Ε∋Ψ6./6ΕΟ∋
∃,∋∃Η&Η∋Ε0∋26Θϑ6.0∋ϑ7−.2−ϑ3,Θ0.40∋/0∋Ψ∗0.Α
40Ε∋ /0∋ Ψ6./6Ε∋ ?∋ 3ϑ,−232−6.0 Ε∋ 6∋ ∗Ε6Ε∋ /0∋ Ψ6./6Ε:∋
0.40./−α./6Ε0∋ϑ67∋0Ε46∋,6∋Ε−5∗−0.40(
ΩΟ∋ Hwgpvg
Σ∗0∋0Ε4ε.∋ϑ07Θ3.0.40Θ0.40∋/−Εϑ6.−+,0Ε∋
ϑ373∋Σ∗0∋,3∋0Θϑ70Ε3∋,,0∆0∋3∋23+6∋Ε∗Ε∋6ϑ0Α
732−6.0Ε:∋/6./0∋0,∋0Ψ024−∆6∋ϑ∗0/0∋,,0537∋3∋
ugt"wpq"fg"guvqu"tgewtuquÒ"*Ictec."3;;;."
ϑΟ∋ΞγΤ⊥Ο=3Θ+−α.∋,6Ε∋702∗7Ε6Ε∋Ε0∋50.073.∋
3∋473∆αΕ∋/0∋,6Ε∋−.∆0.437−6Ε:∋2∗0.43Ε∋ϑ67∋
eqdtct."xgpvc"fg" cevkxqu"Þlqu." fgukpxgtΑ
Ε−6.0Ε:∋0.470∋6476ΕΟ
ΤΟ∋ &ϑ,−232−_.(∋0Ε∋∗.∋26Θϑ76Θ−Ε6∋0.∋0,∋/0ΕΑ
0Θ+6,Ε6∋/0∋,6Ε∋702∗7Ε6Ε:∋,6∋Σ∗0∋Σ∗−070∋/0Α
2−7∋Σ∗0∋Θ∗0Ε473∋0,∋7∗+76∋26.43+,0∋0.∋0,∋2∗3,∋
Ψ∗0∋∗4−,−Ζ3/6∋,3∋/−Εϑ6.−+−,−/3/∋/0∋0Ε46ΕΟ∋
∋
Ξ∋∋ ∴!Η(∋∴0.0732−_.∋!.407.3∋/0∋Η6./6ΕΟ∋∃Ε46Ε∋ Ε6.∋,6Ε∋702∗7Ε6Ε∋
Σ∗0∋Ε0∋50.073.∋0.∋0,∋−.407−67∋/0∋,3∋6753.−Ζ32−_.∋ϑ67∋007207∋
,3∋324−∆−/3/∋ϑ7−.2−ϑ3,∋/0,∋.0562−6∋?∋6473Ε∋324−∆−/3/0Ε∋3,407.3Ε∋
eqoq"nq"uqp"nc"Þpcpekcek„p"{"ncu"kpxgtukqpgu0
∃.∋,6Ε∋Θ6∆−Θ−0.46Ε∋26.43+,0Ε∋Ε0∋50.073.∋
,3Ε∋Ψ∗0.40Ε∋ ?∋,3Ε∋ 3ϑ,−232−6.0Ε:∋?∋ Ε0∋ϑ70Α
Ε0.43∋∗.3∋Ψ∗0.40∋/0∋702∗7Ε6Ε∋2∗3./6∋Ρ3?∋
∗.3∋/−ΕΘ−.∗2−_.∋0.∋,6Ε∋324−∆6Ε:∋∗.∋−.270Α
Θ0.46∋0.∋,6Ε∋ϑ3Ε−∆6Ε∋?∋∗.∋−.270Θ0.46∋/0,∋
ϑ347−Θ6.−6Ο∋≅0∋ϑ70Ε0.43∋ ∗.3∋3ϑ,−232−_.∋
2∗3./6∋Ε0∋/3∋ ∗.∋−.270Θ0.46∋0.∋,6Ε∋32Α
4−∆6Ε:∋∗.3∋/−ΕΘ−.∗2−_.∋/0∋,6Ε∋ϑ3Ε−∆6Ε∋?∋
∗.3∋/−ΕΘ−.∗2−_.∋/0,∋ϑ347−Θ6.−6Ο
.≅Χ≅.≅ϑΦ≅,5≅ΦΓ:ΓΗ∆<=ΑΓ
<3∋ϑ70Ε0.40∋−.∆0Ε4−532−_.∋0Ε∋/0∋237ε2407∋/62∗Θ0.Α
43,:∋/0Ε27−ϑ4−∆3Α26770,32−6.3,:∋ /0+−/6∋ 3∋Σ∗0∋ 0.∋ 0,∋
rtqeguq"ug" kfgpvkÞectqp"nqu" àwlqu"fg" ghgevkxq"fg"
nc"qrgtcek„p." Þpcpekcek„p" g"kpxgtuk„p." nqu" ewcngu"
Ψ∗076.∋26770,32−6.3/6Ε∋26.∋,3Ε∋/−Ψ070.40Ε∋∆37−3+,0Ε∋
Θ3276026._Θ−23Ε∋Σ∗0∋ ,6Ε∋ϑ∗0/0.∋3Ψ02437:∋26Θ6∋
0,∋)!Χ∋?∋/0Ε0Θϑ,06∋/0,∋/0ϑ3743Θ0.46:∋,3Ε∋43Ε3Ε∋/0∋
−.407αΕ:∋#=Η∋0∋ !∴Χ9∋ 0.∋96,6Θ+−3Ο∋ &Ε8∋ Θ−ΕΘ6:∋Ε0∋
jcp" kfgpvkÞecfq" c‚q" rqt" c‚q" nqu" kpetgogpvqu" q"
fkuokpwekqpgu"swg"rwgfcp"rtgugpvct"nqu"àwlqu"fg"
0Ψ024−∆6∋?∋ Ε∗∋ 70,32−_.∋/0∋ 0Ε46Ε∋26.∋ 0,∋26Θϑ6743Α
Θ−0.46∋/0∋,3∋026.6Θ83∋ϑ373∋,6Ε∋Θ−ΕΘ6Ε∋ϑ07−6/6ΕΟ∋
∃Ε43Ε∋26770,32−6.0Ε∋ϑ∗0/0.∋ Ε07∋/0∋4−ϑ6∋ ϑ6Ε−4−∆6∋6∋
.0534−∆6Ο∋≅6.∋ /0∋4−ϑ6∋ ϑ6Ε−4−∆6∋0.∋ ,3∋Θ0/−/3∋Σ∗0∋
ug"kpetgogpvgp"nqu"àwlqu"fg"ghgevkxq"{"fg"nc"okuoc"
Ψ67Θ3∋ ,6∋ Ρ353 .∋ ,3Ε∋ ∆37−3+,0Ε ∋ Θ3276026._Θ− 23Ε∋
6+046∋/0∋0Ε4∗/−6:∋?∋Ε6.∋/0∋4−ϑ6∋.0534−∆6∋2∗3./6∋
ϑ70Ε0.43.∋ /−Ψ070.40Ε∋26Θϑ6743Θ−0.46Ε:∋ 0Ε∋ /02−7:∋
swg" nqu" àwlqu" fg" ghgevkxq" ug" kpetgogpvgp"{" ncu"
∆37−3 +,0Ε∋ Θ3 276026 ._Θ−23 Ε∋ 6+04 6∋ /0∋ 0Ε4 ∗/−6∋
/−ΕΘ−.∗?3.∋6∋ ∆−20∆07Ε3Ο∋ ≅0∋26.Ε−/073∋ ∗.∋0Ε4∗/−6∋
/62∗Θ0.43,∋/0+−/6∋3∋Σ∗0∋,3Ε∋Ψ∗0.40Ε∋ϑ7−Θ37−3Ε∋/0∋
−.Ψ67Θ32−_.∋Ψ∗076.∋014738/3Ε∋/0∋−.Ψ67Θ0Ε∋/0∋3570Α
Θ−32−6.0Ε∋]9εΘ373∋/0∋96Θ072−6:∋≅∗ϑ07−.40./0.2−3∋
/0∋ Ε62−0/3/0Ε:∋ Χ3.26∋ /0∋ ,3∋ >0ϑΠ +,−23:∋ Χ6,Ε3∋ /0∋
∋
µ3,670Ε: ∋ Χ3.26,6Θ +−3:∋ #0ϑ 3743Θ0.4 6∋ ∀32−6. 3,∋∋
/0∋∃Ε43/8Ε4−23:∋0.470∋6473Ε⊥Ο
∃,∋Ρ02Ρ6∋/0∋Σ∗0∋.6∋01−Ε43∋ 26770,32−_.∋0.470∋
nqu"àwlqu"fg"ghgevkxq"{"gn"eqorqtvcokgpvq"geqp„okΑ
26∋/0∋,3∋705−_.∋Σ∗−070∋/02−7∋Σ∗0∋0Ε46Ε∋Ε6.∋∆37−3+,0Ε∋
4643,Θ0.40∋−./0ϑ0./−0.40Ε∋?∋Σ∗0∋Ε∗Ε∋70Ε∗,43/6Ε∋.6∋
/0ϑ0./0.∋/0∋,6Ε∋26Θϑ6743Θ−0.46Ε∋/0∋∗.3∋ ∗∋6473∋
∆37−3+,0∋6+046∋/0∋0Ε4∗/−6Ο
ΣΞΘ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
)67∋6476∋,3/6:∋0,∋0.Ψ6Σ∗0∋/0∋0Ε43∋−.∆0Ε4−53Α
2−_.∋0Ε∋/0∋4−ϑ6∋0Θϑ87−26Α3.3,84−26:∋?3∋Σ∗0∋Ε0∋703,−Α
Ζ3∋∗.∋702677−/6∋Ρ−Ε4_7−26∋26.∋,6Ε∋/346Ε∋6+40.−/6Ε∋
3∋473∆αΕ∋/0∋,3Ε∋/−Ψ070.40Ε∋Ψ∗0.40Ε∋/0∋−.Ψ67Θ32−_.:∋
,3Ε∋ 2∗3,0Ε∋ Ε0∋ 26770,32−6.3.∋ 0.470∋ Ε8∋ ϑ373∋ ϑ6/07∋
6+40.07∋∗.3Ε∋ 26.2,∗Ε−6.0Ε∋ /0,∋70Ε∗,43/6∋ /0∋,3Ε∋
Θ−ΕΘ 3ΕΟ≅0 ∋ ϑ70Ε 0.43∋ 0 .46.2 0Ε∋ ∗.3 ∋ ∗.−/ 3/∋ /0∋
∋
473+36∋?∋ ∗.−/3/∋/0∋3.ε,−Ε−ΕΟ∋ )373∋ 0,∋/0Ε3776,,6∋∋
/0∋,3∋−.∆0Ε4−532−_.∋Ε0∋46Θ376.∋26Θ6∋+3Ε0∋3Σ∗0Α
,,3Ε∋0Θϑ70Ε3Ε∋/0,∋Ε02467∋Ε07∆−2−6Ε∋/0,∋/0ϑ3743Θ0.Α
46∋/0∋>−Ε373,/3∋Σ∗0∋70ϑ674376.∋/0∋Ψ67Θ3∋26.4−.∗3∋
nqu"guvc fqu"Þpcpekg tqu"cpvg"nc"uwr gtkpvgpfg pekc"
/0∋Ε62−0/3/0Ε∋/0∋96,6Θ +−3∋/∗73.40∋ΤςςΤΑΤςΩΩΟ∋
≅0∋014736∋/0∋,3∋+3Ε0∋/0∋/346Ε∋2∗3,Σ∗−070Θϑ70Ε3∋
Σ∗0∋ .6∋ 2∗Θϑ,−073∋0Ε40∋ 70Σ∗−Ε−46:∋?3∋Σ∗0∋.6∋Ε0∋
ϑ6/783∋ Ρ3207∋∗.∋ 703,∋ 3.ε,−Ε−Ε∋/0∋ ,3∋ −.Ψ67Θ32−_.∋
ϑ373∋,6Ε∋ϑ07−6/6Ε∋Ε0β3,3/6ΕΟ
<3∋ ∗.− /3/∋ /0∋ 3. ε,−Ε−Ε ∋ 0Ε∋ ϑ6+,3 2−6.3, :∋ ?3∋
Σ∗0∋Ε0∋ 473+3_∋26.∋46/3Ε∋ ,3Ε∋0Θϑ70Ε3Ε∋ /0,∋/0Α
ϑ37 43Θ0. 46∋ /0 ∋ >−Ε3 73,/3 ∋ /0,∋ Ε 0246 7∋ Ε07∆ −2−6 Ε∋
Σ∗0∋ 70ϑ674376.∋/0∋Ψ67Θ3∋26.4−.∗3∋ Ε∗Ε∋0Ε43/6Ε∋
Þpcpekg tqu"c"nc"uwrgtkpvg pfgpekc"fg"uqek gfcfgu."
?∋Ε0∋6+4∗∆−076.∋3Ε8∋,6Ε∋Ε−5∗−0.40Ε∋70Ε∗,43/6Ε∋Σ∗0∋
Ε0∋Θ∗0Ε473.∋0.∋,3∋43+,3∋ΩΟ
=6/ 3 ∋ ,3 ∋ −. Ψ 67 Θ3 2 −_ .∋ . 02 0 Ε3 7− 3 ∋ ϑ3 73 ∋ 6 +4 0Α
pgt" nqu" g uvcfqu" Þ pcpekgtq u" hwg" uwu vtcfc" fg " nc"
Ε∗ϑ07−.40./0.2−3∋/0∋Ε62−0/3/0Ε∋/0∋96,6Θ+−3∋0.∋
Ε∗∋+3Ε0∋/0∋/346Ε∋≅−70Θ∋]Ε−Ε40Θ3∋/0∋−.Ψ67Θ32−_.∋
?∋705−Ε476∋ 0Θϑ70Ε37−3,⊥:∋0.∋,3∋ 2∗3,∋ Ε0∋0.2∗0.473∋
rgtk qfq" r qt" rgt kqfq " nqu" gu vcfq u" Þpcp ekgt qu."
26Θ6∋0,∋0Ε43/6∋/0∋70Ε∗,43/6Ε:∋0,∋+3,3.20∋50.073,∋
{"nqu"àwlqu"fg"ghgevkxq0
=6/ 3∋ , 3∋ − .Ψ 67 Θ3 2− _. ∋ 6+ 40 .− /3 ∋ /0 ∋ ,3 ∋ +3 Ε0∋
/0∋/346Ε∋Ε0∋3.3,−Ζ_∋0.∋3ϑ,−234−∆6∋∃120,:∋/6./0∋Ε0∋
703,−Ζ376.∋,6Ε∋2ε,2∗,6Ε∋ .020Ε37−6Ε∋ ϑ373∋ 6+40.07∋
,3∋70.43+−,−/3/∋/0,∋324−∆6:∋,3∋∗4−,−/3/∋?∋6753.−Ζ37∋
46/3∋,3∋ −.Ψ67Θ32−_.∋/0∋,6Ε∋ /346Ε∋Θ3276026._Α
okequ"{ "àwlqu"fg"g hgevkxq"r ctc"rqfgt"t gcnk¦ct"u w"
26770,32−_.∋70Εϑ024−∆3∋ ?∋0,∋ Ε−Ε40Θ3∋/0∋ −.Ψ67Θ3Α
2−_.∋0Ε43/8Ε4−26∋≅)≅≅∋ϑ373∋,3∋703,−Ζ32−_.∋/0∋46/3∋
nc" eqttgncek„p" fg" xctkcdngu" *àwlqu" fg" ghgevkxq/
−./−23/670Ε∋Θ3276026._Θ−26Ε⊥Ο
Vcdnc"40"
Gortgucu"fgn"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc"swg"tgrqtvctqp"guvcfqu"Þpcpekgtqu"!
fg"hqtoc"eqpvkpwc"gpvtg"gn"rgtkqfq"4224/4233
.8π?∋,∃/∗%84 P¿ogtq"fg"KfgpvkÞecek„p"Vtkdwvctkq"*PKV+
Φ6∗7/3.∋?∋96Θϑ3β83∋≅62−0/3/∋0.∋96Θ3./−43 :2202280;84
!.∆07Ε−6.0Ε∋Χ3Θ07∋<=#&Ο φςςΟς{ΞΟηΩ{
Β6∆−4−0773∋≅Ο&Ο φςςΟΩΤφΟηφγ
&,Ψ70/6∋∃Θ−,−6∋Λ6?6Ε∋Β3Ζ∗073∋?∋9!&Ο∋≅Ο∋0.∋9Ο≅Ο :22036;04;8
)76?022−_.∋≅Ο&Ο φςςΟΩφΞΟφγγ
),3.04∋967ϑΟ≅Ο&Ο :3802250;57
96.Ε47∗22−6.0Ε∋?∋&Ε0Ε6783Ε∋=α2.−23Ε∋<=#&Ο φηςΟφς{ΟΤγΤ
93746.0783∋Β∗./−3,∋<0Θ∗Ε∋?∋9!&Ο∋≅Ο∋0.∋9Ο∋≅Ο :;306220758
∃Θϑ3Σ∗0Ε∋?∋933Ε∋/0∋9374_.∋Β∗./−3,∋<=#&Ο φηΩΟγςςΟ{ΞΥ
HtkiqtÞeq"fg"Rgtgktc"U0C0 :;3062:048;
!.∆07Ε−6.0Ε∋=3Ψ26∋<=#&Ο φηΩΟγςφΟγΤ{
!.∆07Ε−6.0Ε∋Β−73Θ37 :;3062:0648
Λ640,∋/0∋)070−73∋≅Ο&Ο φηΩΟγςφΟφγφ
=02.6,6583∋?∋96Θ∗.−232−_.∋µ3,476.−κ∋≅Ο&Ο φηΩΟηςΤΟγΞ{
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋46Θ3/6Ε∋/0∋,3∋≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0ΕΟ
ΣΞΖ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
.≅ΕΙΗΦ6:ΓΕ
#0Ε27−ϑ2−_.∋ /0,∋Ε02467(∋ 0.∋ 0,∋ ϑ07−6/6∋0.076ΑΕ0ϑΑ
4−0Θ+70∋/0∋Τςς{∋,3Ε∋ ,−20.2−3Ε∋/0∋26.Ε47∗22−_.∋Ε6Α
,−2−43/3Ε∋/−ΕΘ−.∗?076.∋ϑ373∋0,∋703∋Β0476ϑ6,−43.3∋
/0∋)070−73:∋/0∋32∗07/6∋26.∋,3∋−.Ψ67Θ32−_.∋Ε∗Θ−.−ΕΑ
473/3∋ϑ67∋,3∋9εΘ373∋/0∋,3∋96.Ε47∗22−_.:∋Ε022−6.3,∋
>−Ε373,/3:∋,6Ε∋ Θ0476Ε∋2∗3/73/6Ε∋ ϑ67∋26.Ε47∗−7∋ 3,Α
23.Ζ376.∋,6Ε∋ΞςΞΟφςΞ:∋0,∋Θ0.67∋705−Ε476∋ϑ70Ε0.43/6∋
0.∋0Ε40∋ ,3ϑΕ6∋ ϑ373∋,6Ε∋ Π,4−Θ6Ε∋470Ε∋ 3β6Ε:∋ ?3∋Σ∗0∋
Ψ70.40∋3∋,6∋3∗467−Ζ3/6∋0.∋ΤςςΞ∋?∋Τςςγ∋Ε0∋705−Ε473Α
tqp"fgetgekokgpvqu" fg" 9.9"3'"{" 34.8"'."gu" fgekt."
940868"ogvtqu"ewcftcfqu"ogpqu"swg"gp"42250"Nq"
3.407−67∋70Εϑ6./0∋3∋ ,3∋ /−.εΘ−23∋6+Ε07∆3/3∋ ϑ373∋
ΤςςΞ∋?∋Τςςγ:∋0.∋,3∋26.Ε47∗22−_.∋/−7−5−/3∋3∋20.476Ε∋
26Θ072−3,0Ε:∋ +6/053Ε∋ ?∋ ϑ37Σ∗ 03/076Ε:∋ ∗+−23/6Ε∋
0.∋)070−73∋?∋ #6ΕΣ∗0+73/3Ε:∋4643,−Ζ3./6∋ 0.∋ΤςςΞ:∋
ΩγφΟΥΤγ∋Θ0476Ε∋2∗3/73/6Ε:∋Ψ70.40∋3∋,6Ε∋ΥγΟΥηΤ∋/0∋
ΤςςγΟ∋)67∋Ε∗∋ϑ3740:∋,3∋26.Ε47∗22−_.∋/0∋∆−∆−0./3∋Ρ3∋
Θ3.40.−/6∋∗.∋.−∆0,∋ Ε−Θ−,37∋0.∋0Ε46Ε∋470Ε∋ 3β6Ε:∋?3∋
Σ∗0∋,3∋/−Ψ070.2−3∋/0∋∗.∋3β6∋3∋6476∋ Ψ∗0∋3ϑ761−Θ3Α
/3Θ0.40∋/0∋ ΤςΟςςς∋Θ0476Ε∋2∗3/73/6Ε:∋ ϑ6Ε−4−∆6Ε∋
0.470∋Τςςγ∋?∋ΤςςΞ∋?∋.0534−∆6Ε∋0.470∋Τςςγ∋?∋Τςς{Ο
<3∋324−∆−/3/∋/0∋,3∋26.Ε47∗22−_.∋0.∋,6Ε∋/0ϑ37Α
43Θ0.46Ε∋Σ∗0∋26.Ψ67Θ3.∋0,∋ ∃0∋93Ψ04076∋/∗73.40∋
4228"rtgugpv„"wp"fgucttqnnq"korqtvcpvg"cn"crtqdctΑ
Ε0∋ΩΟΤΩΩΟηΞς∋Θ0476Ε∋2∗3/73/6Ε:∋,6∋Σ∗0∋70ϑ70Ε0.4_∋
wp"kpetgogpvq"fgn"53.9"'"htgpvg"c"42270"Tkuctcnfc"
ug"fguvce„" eqp"wp" etgekokgpvq"cpwcn" fgn"89.3"'."
tgrtgugpvcfq"fg" guvc" ocpgtc"gn" 82.6"'"fgn" vqvcn"
705−6.3,:∋ 2−72∗.Ε43.2−3∋ Σ∗0 ∋ 0Ε4∗∆6∋ Θ3723/3∋ ϑ67∋
0,∋ε703∋ϑ67∋26.Ε47∗−7∋/−7−5−/3∋3,∋26Θ072−6:∋5732−3Ε∋
3,∋/0Ε3776,,6∋/0∋0Ε43∋324−∆−/3/∋0.∋)070−73Ο∋#0∋−5∗3,∋
Θ3.073:∋,3∋26.Ε47∗22−_.∋ /0∋∆−∆−0./3∋705−Ε47_∋ ∗.6∋
/0∋,6Ε∋∆3,670Ε∋ΘεΕ∋3,46Ε∋/0∋,6Ε∋Π,4−Θ6Ε∋3β6Ε∋0.∋0Ε40∋
fgrctvcogpvq"eqp"wp"cwogpvq"fgn"72.8"'"htgpvg"c"
Τςς{:∋,6∋Σ∗0∋−./−23∋0,∋573.∋/0Ε3776,,6∋∗7+3.8Ε4−26∋
Σ∗0∋∆−∆0∋,3∋ 2−∗/3/∋ 23ϑ−43,∋/0,∋ /0ϑ3743Θ0.46∋ /0,∋
>−Ε373,/3Ο
Γ.3∋/0∋,3Ε∋ 324−∆−/3/0Ε∋ 026._Θ−23Ε∋Σ∗0∋ Ε0∋
/0Ε432_∋0.∋ΤςςΥ∋ 0.∋ 0,∋∃0∋ 93Ψ04076∋ Ψ∗0∋,3∋ 26.ΕΑ
vtweek„p."swg"qdugtx„"wpc"gzrcpuk„p"fg"52.7"'"cn"
ϑ3Ε37∋/0∋ΩΟΤΩΩΟηΞς∋Θ0476Ε∋2∗3/73/6Ε∋0.470∋0.076∋
{"fkekgodtg"fg"4228"c"307:30678"gp"gn"okuoq"ncruq"
Σ∗0∋0.∋ΤςςΥΟ∋∃.∋0Ε40∋26Θϑ6743Θ−0.46:∋Ε6+70Ε3,0∋
0,∋/0ϑ3743Θ0.46∋/0∋>−Ε373,/3∋3,∋ϑ70Ε0.437∋∗.∋3∆3.Α
eg"fgn"58.5"'"{"wpc"rctvkekrcek„p"fg"85.3"'"gp"gn"
26Θϑ0./−6∋>05−6.3,Ο∋
∃.∋ΤςςΥ∋0,∋+∗0.∋/0Ε0Θϑ0β6∋026._Θ−26∋Ε0∋
01ϑ,−23∋/0Ε/0∋,3∋6Ψ0743∋/0∋+−0.0Ε∋?∋Ε07∆−2−6Ε∋ϑ67∋0,∋
26Θϑ6743Θ−0.46∋/0∋,3∋26.Ε47∗22−_.∋/0∋∆−∆−0./3∋?∋
qdtcu"ekxkngu"swg"gp"eqplwpvq" etgekgtqp"gn"3:.8"'."
Ε05∗−/6∋ ϑ67∋ 0,∋ 26Θ072−6:∋ 70Ε43∗73.4 0Ε∋ ?∋ Ρ640,0Ε∋
eqp"wp";.4"'."ugtxkekqu"uqekcngu"{"rgtuqpcngu."eqp"gn"
9.3"'."vtcpurqtvg"{"eqowpkecekqpgu."eqp"wp"6.7"'."
Þpcpekgtq" eqp" gn" 7.:"'." kpfwuvtkc" eqp" gn" 6.6"'" {"
citqrgewctkq"eqp"wp"5.5"'0"Gn"ekenq"fg"nc"eqpuvtweΑ
2−_.∋/0∋∆−∆−0./3∋26.4−.Π3∋Ε∗∋+∗0.∋/0Ε0Θϑ0β6Ο∋∃,∋
26Θϑ6743Θ−0.46∋/0∋ ,3Ε∋,−20.2−3Ε∋/0∋26.Ε47∗22−_.∋
/0∋∆−∆−0./3∋])070−73∋?∋#6ΕΣ∗0+73/3Ε⊥∋/∗73.40∋ΤςςΥ∋
Θ6Ε47_∋∗.∋705−Ε476∋Ρ−Ε4_7−26:∋ϑ∗0Ε∋,3Ε∋,−20.2−3Ε∋Ε∗Α
rgtctqp"gp"wp"64"'"c"nqu"ogvtqu"uqnkekvcfqu"gn"c‚q"
−.Θ0/−343Θ0.40∋3.407−67Ο∋<3∋26.Ε47∗22−_.∋0.46.20Ε∋
0.∋,6Ε∋Θ∗.−2−ϑ−6Ε∋/0∋)070−73∋?∋#6ΕΣ∗0+73/3Ε∋Ψ67Θ3∋
ϑ3740∋−Θϑ6743.40∋/0∋,3∋32∗Θ∗,32−_.∋/0∋23ϑ−43,∋/0∋
,6Ε∋ Ρ65370Ε:∋ ϑ0 76∋ 43Θ+−α.∋ 0Ε∋ ∗.3∋ 2 6.47−+∗2−_.∋
−Θϑ6743.40∋3,∋)!Χδ∋ Ε−.∋0Θ+3756:∋0Ε43∋324−∆−/3/∋0Ε∋
70,34−∆3Θ0.40∋/0∋ 26746∋ϑ,3Ζ6∋ /0Ε/0∋,3∋ _ϑ4−23∋/0,∋
∋
0Θϑ,0 6:∋ ,6∋ Σ∗ 0∋ ϑ∗0/0 ∋ 3Ψ0243 7∋ ,6Ε∋ −. /−23/67 0Ε∋∋
/0,∋Θ0723/6∋,3+673,∋/0∋,3∋705−_.Ο∋
Ugi¿p"gn"Etgeg."ÑGp"422:."u„nq"Ecnfcu"tgikuΑ
vtc"wpc" xctkcek„p"rqukvkxc"rgtq" ow{"dclc" *3.3"'+."
Θ−0.473Ε∋Σ∗0∋Ι∗−./86∋?∋>−Ε373,/3∋705−Ε47376.∋∆37−3Α
ekqpgu"pgicvkxcu"fg"56"'"{"62"'."tgurgevkxcogpvg0"
∃Ε43∋ε703∋0Ε4ε∋Θ0/−/3∋ϑ67∋,6Ε∋ϑ07Θ−Ε6Ε∋6∋,−20.2−3Ε∋
/0∋26.Ε47∗22−_.:∋Σ∗0∋Ε6.∋3∗467−Ζ32−6.0Ε∋ϑ373∋/0Ε3Α
ttqnnct"wp"rtgfkq"eqp"gfkÞecekqpgu"{"eqpuvtweekqpgu"
ewcnguswkgtc"swg"gnncu"ugcpÒ"*Etgeg."42340"r0"2:+
&∋ϑ0Ε37∋/0∋ ,3∋43Ε3∋/0∋ −.407αΕ∋26Θϑ0.Ε3/3∋
ϑ373∋ ,3∋ 2 6.Ε47∗22− _.∋ /0∋ ∆−∆− 0./3∋ /0,∋ ∴6 +−07.6∋
.32−6.3,∋ ?∋,6Ε∋ 702∗7Ε6Ε∋ ϑ373∋ ,3∋70ϑ3732−_.∋ /0ΕΑ
4−.3/ 6Ε∋ ϑ67∋ 0 Ε40∋ Θ−Ε Θ6∋ ϑ373 ∋ 70324− ∆32−_. ∋ /0,∋
Ε02467∋?∋ 3ϑ3,3.23Θ−0.46∋ /0∋,3∋ 026.6Θ83∋ϑ373∋0,∋
fgugorngq."pq"hwg"uwÞekgpvg"rctc"okvkict"nc"ecfc"
0.∋ ,3∋ 26.Ε47∗22−_.∋ /∗73.40∋ ΤςςηΟ∋ ∃Ψ024−∆3Θ0.40∋
0,∋ Ε02467∋ /0∋ ,3∋ 26.Ε47∗22−_.∋ /0∋ ∆−∆−0./3∋ ?∋ 6476Ε∋
∗Ε6Ε∋ )070−73Α#6ΕΣ∗0+73 /3Ε∋ 4∗∆6∋ ∗.∋ 2702−Θ−0.46∋
pgicvkxq"fgn"48"'"xkuvq"fgufg"ncu"nkegpekcu"fg"eqpuΑ
47∗22−_.Ο∋)67∋Ε∗∋ϑ3740:∋0,∋473.Εϑ6740∋∗7+3.6∋705−Ε473∋
238/3Ε∋ Θ−0.473Ε∋ 0,∋ 473.Εϑ6740∋ 3α706:∋ 0.∋ 23Θ+−6:∋
∋
ΣΞΡ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
Θ∗0Ε473∋∆37−32−6.0Ε∋ϑ6Ε−4−∆3Ε:∋3Εϑ0246∋3,∋Σ∗0∋.6∋0Ε∋
30.3∋,3∋70/∗22−_.∋0.∋,3Ε∋437−Ψ3Ε∋3α703Ε∋]Ε∗∋8./−20∋/0∋
rtgekqu"ug"tgfwlq"3"'"gp"gn"¿nvkoq"c‚q" gp"ncu"vtgu"
2−∗/3/0Ε∋/0,∋00∋23Ψ04076⊥Ο∋∃,∋ε703∋ϑ67∋26.Ε47∗−7∋/0∋
>−Ε373,/3∋0.∋ΤςΩς∋ Θ∗0Ε473∋ ∗.∋.643+,0∋ 3∗Θ0.46∋
fgn"35"'"gp" Tkuctcnfc0"Gp" vfitokpqu"cduqnwvqu." ug"
,−20.2−376.∋ϑ373∋0,∋00∋23Ψ04076∋η{ΤΟςςς∋Θ0476Ε∋2∗3Α
/73/6Ε∋0.∋4643,:∋/0∋,6Ε∋2∗3,0Ε∋>−Ε373,/3∋70ϑ70Ε0.4_∋
gn"73"'"eqp"6:;0222"ogvtqu"ewcftcfqu0
)67∋Ε024670Ε∋026._Θ−26Ε∋,6Ε∋70Ε∗,43/6Ε∋ /0,∋
2702−Θ−0.46∋0.∋ 0,∋/0ϑ3743Θ0.46∋Ε6.∋/−Ε8Θ−,0Ε∋0.∋
0ΤςΩςΟ∋96.4−.∗_∋,3∋40./0.2−3∋.0534−∆3∋/0∋,3∋−./∗ΕΑ
vtkc"ocpwhcevwtgtc"/2.:"'."ukvwcek„p"swg"ug"fgtkxc"
/0∋,3∋238/3∋/0∋ ,3Ε∋01ϑ67432−6.0Ε∋Ρ32−3∋µ0.0Ζ∗0,3Ο∋
∃.∋26.473Ε40:∋,3∋ 26.Ε47∗22−_.∋ ϑ70Ε0.4_∋∗.∋2702−Α
okgpvq"fg" 36.3"'" {"nqu" ugtxkekqu"r¿dnkequ." fg" wp"
6.4"'."cuqekcfqu"c"nc"fkpƒokec"fg"nc"eqpuvtweek„p"{"
oc{qt"eqdgtvwtc0"Gn"eqogtekq"etgek„"4.4"'"c"rguct"
fg"ncu"fkÞewnvcfgu"gp"gn"ogtecfq"ncdqtcn." csw"ncu"
70Θ0Ε3Ε∋∆6,∆−076.∋3∋Ε07∋∗.3∋∆37−3+,0∋2,3∆0∋ϑ373∋0,∋
26.Ε∗Θ6∋ /0∋ ,6Ε∋ Ρ65370ΕΟ∋ ∃,∋ Ε 02467∋ 473.Εϑ6740∋ ?∋
26Θ∗.−232−6.0Ε∋26.4−.∗_∋ Ε∗∋ 2702−Θ−0.46∋26.∋ ∗.∋
5.6"3'."ukgpfq"gn"vtcpurqtvg"cfitgq"gn"oƒu"fkpƒokeq0
Gn"egpuq"fg"gfkÞecekqpgu"gp"Rgtgktc"tgikuvt„"
wp" kpetgogpvq" fg" 32"'." okgpvtcu" swg" gp" nkegpΑ
2−3Ε∋ /0∋ 26.Ε47∗22−_.∋ 0,∋ ε703∋ 3 ϑ76+3/3∋ ϑ70Ε0.4_∋
wp"cwogpvq" fgn"42.8"'0"Ugi¿p" gn"Etgeg." ÑGn"ƒtgc"
ϑ67∋ 26.Ε47∗−7∋ /0∋ 93,/3Ε:∋ Ι∗−./86∋ ? ∋ >−Ε373,/3∋ 0.∋
∋
eqplwpvq"cwogpv„"59"'"gp"gn"c‚q"4233."eqpvtkdwΑ
?0./6∋3∋26.473770Ε437∋,3∋238/3∋/0∋6473Ε∋324−∆−/3/0Ε∋
−Θϑ6743.40Ε∋ 26Θ6∋ 23Ψ αΟ∋ )67∋ /0ϑ3743Θ0.46Ε:∋ 0.∋
Ι∗−./86∋Ε0∋705−Ε47_∋0,∋−.270Θ0.46∋ΘεΕ∋0,0∆3/6∋26.∋
;7'."ugiwkfq"rqt"Ecnfcu"eqp"58"'"{"Tkuctcnfc"eqp"
36"'0"Ukp"godctiq."gp"vfitokpqu"fg"ƒtgc"gp"gn"c‚q"
ΤςΩΩ:∋>−Ε373,/3∋ 0Ε∋0,∋ Θ3?67∋26.∋ {{ΥΟςςς∋Θ0476Ε∋
2∗3/73/6Ε:∋ Ε05∗−/6∋ ϑ67∋ Ι∗−./ 86∋ 26.∋ ΞηΩΟςςς∋ ?∋
Ecnfcu"eqp"5780222Ò"*Etgeg."42340"r0"36+0
Ugi¿p" gn" Dcp eq" fg" nc" Tgr¿dn kec." ÑRctc" gn"
2∗3746∋ 47−Θ0Ε470∋ /0∋ ΤςΩΩ∋ 0,∋ 473.Εϑ6740∋ 40770Ε470∋
/0,∋ ∃0∋ 93 Ψ04076∋ 0∆−/0 .2−_∋ /−ΕΘ−. ∗2−6.0Ε∋ 0.∋ 0 ,∋
Θ6∆−Θ−0.46∋/0∋ϑ3Ε3076Ε∋?∋/0Εϑ32Ρ6Ε∋/0∋∆0Ρ82∗,6Ε:∋
,6∋Σ∗0∋ϑ∗/6∋Ε07∋26.Ε02∗0.2−3∋/0∋,6Ε∋2−0770Ε∋∆−3,0Ε∋
{"gn" fgÞekgpvg"guvcfq"fg" ncu"ecttgvgtcu"rqt" nc"qnc"
−.∆07.3,Ο∋∃,∋473.Εϑ6740∋3α706∋4∗∆6∋∗.∋3∗Θ0.46∋/0,∋
6.5"'."nq"swg" ukipkÞec"swg"gp"gn" cgtqrwgtvq"nqecn"
ug"oqxknk¦ctqp"580222"rcuclgtqu"oƒu"swg"fwtcpvg"
0,∋3β6∋ΤςΩς:∋26.Ε6,−/ε./6Ε0∋26Θ6∋0,∋ϑ∗0746∋3α706∋
ΘεΕ∋−Θϑ6743.40∋/0,∋∃0∋93Ψ04076Ο∋<3∋Θ3?67∋Θ6∆−,−Α
/3/∋/0∋ϑ3Ε3076Ε∋3α706Ε∋0Ε∋Ε−._.−Θ6∋/0∋/0Ε3776,,6∋
ϑ373∋,6Ε∋.0562−6Ε:∋ ϑ076∋ 43Θ+−α.∋/0∋∗.3∋ Θ3?67∋
qhgtvc"rctc" nqu"okuoqu"{" gn"vwtkuoq"eqtrqtcvkxqÒ"
]Χ6,048.∋∃26._Θ−26∋>05−6.3,∋ΤςΩΤ:∋ϑΟ∋ΞΞ⊥Ο
&∋26.4−.∗32−_.∋ Ε0∋Θ∗0Ε473∋ 0,∋70Ε∗,43/6∋/0∋
nqu"àwlqu"fg"ghgevkxq"fg"ncu" fkhgtgpvgu"cevkxkfcfgu"
0.∋0,∋ −.407−67∋/0∋ ,3Ε∋0Θϑ70Ε3Ε:∋ 26Θ6∋Ε6.∋,3∋6ϑ0Α
tcek„p." nc" Þpcpekcek„p" {" nc" kpxgtuk„p" *itƒÞec3+="∋
Vcdnc"50"
Hnwlq"fg"ghgevkxq"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc"gp"okngu"fg"rguqu
&β6 Η,∗6∋/0∋0Ψ024−∆6∋0.∋
324−∆−/3/0Ε∋/0∋6ϑ0732−_.
Η,∗6∋/0∋0Ψ024−∆6∋0.∋
324−∆−/3/0Ε∋/0∋−.∆07Ε−_.
Η,∗6∋/0∋0Ψ024−∆6∋
0.∋324−∆−/3/0Ε∋/0∋
Þpcpekcek„p
Η,∗6∋/0∋0Ψ024−∆6∋.046∋
4643,
ΤςςΤ ΩΟ{{{ΟΩΩ{ /6670488 /8;70256 γΩγΟφΩ{
ΤςςΞ ΤΟφφ{ΟΤΥ{ /308320699 /86;048: 8470752
Τςςγ ΤΟηΩςΟγηΩ /:930988 Α{ΩηΟΥΥη 3073:0;68
Τςς{ 89705;9 /408:20934 ΩΟφγΤΟΩφΩ /3850356
4228 304:708;; Α{ΟΥΩη ΑΤΟςφΥΟγ{η ΑφςΥΟγ{η
ΤςςΥ :02;307;8 /80:250387 /6:4078; :270:84
Τςςφ 7088:03;8 /330787/365 608780248 ΑΩΟΤγςΟηΤΩ
Τςςη {ΟΩςςΟΥ{η ΑφΟ{ΞηΟΥ{Ξ 5079;0893 3620899
ΤςΩς ΤΟΤΩΥΟ{φφ ΑΤΟηγΥΟφΩ{ ΩΟηςΤΟΞΥ{ ΩΟΩΥΤΟΩγφ
ΤςΩΩ /40:790728 /3602790248 420698026; 507830739
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋46Θ3/6Ε∋/0∋≅∗ϑ07Ε62−0/3/0ΕΟ
ΣΠΤ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
vcodkfip"ug" owguvtc"gn" tguwnvcfq"fg" nqu"àwlqu" fg"
0Ψ024−∆6∋ 0.∋ ∗.−/3/0Ε ∋ Θ6.0437−3Ε∋ ]43+,3∋ Τ⊥∋ ?∋ ,6Ε∋
àwlqu"fg"ghgevkxq"pgvqu."nqu"ewcngu"eqttgurqpfgp"c"
nc"uwocvqtkc"fg"nqu"àwlqu"fg"ghgevkxq"fg"qrgtcek„p."
Þpcpekcek„p"g"kpxgtuk„p"*itƒÞec"4+0
ItƒÞec"30"
Hnwlqu"fg"ghgevkxq"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋/0∋,3∋≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0ΕΟ
ItƒÞec"40"
Hnwlqu"fg"ghgevkxq"pgvq"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋/0∋,3∋≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0ΕΟ
∃.∋,3∋43+,3∋Ξ∋Ε0∋Θ∗0Ε473.∋,6Ε∋/346Ε∋.020Ε37−6Ε∋
ocetq"{"nqu"àwlqu"fg"ghgevkxq."nqu"ewcngu"guvƒp"eqpΑ
Ε−5.3/6Ε∋0.∋,3∋43+,3∋ΤΟ∋96.∋0Ε46Ε∋/346Ε∋Ε0∋3,−Θ0.43∋
0,∋Ε−Ε40Θ3∋≅)≅≅∋ϑ373∋,3∋0,3+6732−_.∋/0∋,3∋26770,32−_.∋
?∋,6Ε∋70Ε∗,43/6Ε∋/0∋,3∋Θ−ΕΘ3∋0.∋,3∋43+,3∋γΟ
25000000
20000000
15000000
10000000
5000000
0
-5000000
-10000000
-15000000
-20000000
Valor en miles de pesos
Flujo de efectivo neto en actividades de operación
Flujo de efectivo neto en actividades de inversión
Flujo de efectivo neto en actividades inancieras
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
40000000
30000000
20000000
10000000
0
-10000000
-20000000
Valor en miles de pesos
Flujo de efectivo neto total
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
ΣΠΣ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
Vcdnc"60"
Fcvqu"rctc"eqttgncek„p"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc
6Β/
!=⊥,Ε#∗(/∀,
∃#∀9%∗%/∃,+8∀8,#4,
+8∀(87#∋(/
Φ8∃8,,
∃#7+4#/,+8∀8,
#4,+8∀(87#∋(/,
δΦ:φ
_∋&%∗#,>#∋#∀84,
,48,⊥/4∃8,,
Α/4/7Ο%8,δ=
Φ8∃8,:ΦΧ,
+∀/7#&%/,8∋184,
∋8∗%/∋84,δ:ΦΧφ
Φ8∃8,,
∗/4/∗8∗%?∋,
+∀/7#&%/,8∋184,
∋8∗%/∋84,δΦΑφ
Φ8∃8,,∗87Ο%/,
+∀/7#&%/,8∋184,
∋8∗%/∋84,δΦ.5φ
ΤςςΤ ΤΟΥΥφΟςςςΟςςςΟςςς 38.49"' 72"44' ;.25"' 36.33"' 40728.77
ΤςςΞ 40;89022202220222 38.37"' 67.29"' 9.9;"' 34.:3"' ΤΟφΥ{:ηΩ
Τςςγ ΞΟΩ{ηΟςςςΟςςςΟςςς 37.;8"' :8.44"' 9.:2"' 35.29"' 4084:.69
Τςς{ ΞΟΞΥΥΟςςςΟςςςΟςςς 36.43"' 33:.;3"' 9.29"' 34.7:"' ΤΟΞΤΩ:γη
4228 50863022202220222 34.84"' 39.54"' 8.47"' 33.73"' ΤΟΞ{φ:η{
ΤςςΥ 508;4022202220222 33.;3"' /"6.3:"' 9.;6"' 36.54"' 40298.46
Τςςφ ΞΟφγςΟςςςΟςςςΟςςς 34.7:"' /"4;.52"' ;.8:"' 38.58"' 30;89.33
Τςςη ΞΟφηφΟςςςΟςςςΟςςς 39.93"' 75.67"' 8.55"' 34.6;"' ΤΟΩ{Ξ:Ξς
ΤςΩς 50;84022202220222 3:.47"' 55.79"' 5.8:"' :.:6"' 30:;:.8:
ΤςΩΩ γΟςΤ{ΟΞηΤΟςςςΟςςς 36.:2"' /"3:.49"' 6.35' 32.:8"' 30:68.;9
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋46Θ3/6Ε∋/0∋,3∋≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0Ε:∋Χ3.26∋/0∋,3∋>0ϑΠ+,−23:∋Χ6,Ε3∋
/0∋µ3,670Ε∋/0∋96,6Θ+−3∋?∋Χ3.26,6Θ+−3Ο
!=⊥−Χ41κ/, ,##∗(%9/, , 48∃,/+#∀8∗%/∋#∃,
δΧ≅Γφα∋ ,3∋ 2677 0,32−_.∋ 0 .470∋ 0Ε4 3Ε∋ /6Ε∋ ∆37 −3+,0Ε∋
cttqlc"wp"xcnqt" rqukvkxq"fgn"67"'."nq"swg"ukipkÞec"
Σ∗0∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋0,∋)76/∗246∋!.407.6∋Χ7∗46∋
Ε0∋−.270Θ0.40:∋Ε0∋∆3∋3∋50.0737∋∗.∋3∗Θ0.46∋0.∋,6Ε∋
àwlqu" fg" ghgevkxq" fg" qrgtcek„p" fg" ncu" gortgucu"
rgtvgpgekgpvgu"cn"ugevqt"fg"ugtxkekqu="guvq"ukipkÞec."
43Θ+−α.:∋Σ∗0∋0Ε40∋Ε02467∋0Ε∋∗.∋+∗0.∋3ϑ6743.40∋ϑ373∋
,3∋50.0732−_.∋ /0∋ 2702−Θ−0.46∋026._Θ−26∋ ϑ373∋ ,3∋
705−_.:∋/6./0∋,3Ε∋5070.2−3Ε:∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋Ε∗∋
qrgtcvkxkfcf"ugc"oƒu"gÞekgpvg."igpgtctƒp"wp"oc{qt"
2702−Θ−0.46∋ ϑ373∋,3∋ 026.6Θ83:∋ 0,∋ 2∗3,∋3773Ε4737ε∋
3∋6476Ε∋−./−23/670Ε∋ Θ3276026._Θ−26Ε∋ ϑ373∋ Σ∗0∋
Ε−53.∋,3∋Θ−ΕΘ3∋Ε0./3∋/0,∋2702−Θ−0.46∋26Θ6∋,6∋Ε6.∋
0,∋0Θϑ,06:∋0,∋3Ρ6776∋?∋,3∋−.∆07Ε−_.Ο
RKD/àwlq" f g" ghgevkxq" fg" ncu " kpxgtukqpgu"
δΧ≅=φ(∋,3∋70,32−_.∋0Ε∋ −.∆07Ε3∋?∋,3∋26770,32−_.:∋Ε−5.−Α
Þecvkxc="guvg" tguwnvcfq"ukipkÞec" swgncu"gortgucu"
0Ε4ε.∋/0Ε4−.3./6∋Ε∗Ε∋702∗7Ε6Ε∋0.∋−.∆07Ε−6.0Ε∋0.∋0,∋
Θ0723/6∋/0∋23ϑ−43,0Ε:∋ϑ67∋43.46∋.6∋Ρ320.∋.−.5Π.∋
3ϑ6740∋3,∋ )!ΧΟ∋∃.∋,3∋Θ0/−/3∋0.∋ Σ∗0∋50.070.∋ ΘεΕ∋
−.∆07Ε−6.0Ε∋/0∋0Ε40∋4−ϑ6:∋Ε0∋3Ψ02437ε∋0,∋2702−Θ−0.46∋
026._Θ−26∋/0,∋Ε02467Ο∋∃Ε40∋4−ϑ6∋/0∋−.∆07Ε−_.∋0Ε∋0ΕΑ
ϑ67ε/−26∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋,6Ε∋/−.076Ε∋−.∆074−/6Ε∋
0Ε437ε.∋Ρ3Ε43∋0,∋ Θ6Θ0.46∋Σ∗0∋,6Ε∋ 70./−Θ−0.46Ε∋
Ε03.∋347324−∆6Ε∋ ϑ373∋ ,6Ε∋−.∆07Ε−6.−Ε43Ε∋ ?∋ 50.070.∋
gn" nnco cfq" Ñecrk vcn" iqnq pftkpcÒ. " gn" ewcn" p q" gu"
50.073/67∋/0∋3Ρ6776:∋/0∋−.∆07Ε−_.∋.−∋ϑ76Θ∗0∆0∋0,∋
2702−Θ−0.46∋026._Θ−26∋/0∋,3Ε∋705−6.0ΕΟ∋Β∗?∋Ε05∗Α
73Θ0.40∋,6Ε∋0Θϑ70Ε37−6Ε∋/0,∋Ε02467:∋3,∋∆07∋Σ∗0∋Ε∗Ε∋
70Ε∗,43/6Ε∋.6∋Ε6.∋_ϑ4−Θ6Ε∋0.∋0,∋/0Ε3776,,6∋/0∋,3∋
cevkxkfcf"rtkpekrcn."rtgÞgtgp"kpxgtvkt"uwu"gzegfgpΑ
vgu" gp"cevkxqu "Þpcpekgtq u"rctc" u"r qfgt"igpgt ct"
∗.3∋70.43+−,−/3/∋3,407.3∋3∋Ε∗∋324−∆−/3/∋ ϑ7−.2−ϑ3,∋
0.∋0,∋Θ0723/6∋/0∋23ϑ−43,0ΕΟ∋
RKD/àwlq" f g" ghgevkxq" fg" nc " Þpcpekcek„p"
δΧ≅Χφα,0,∋70Ε∗,43/6∋/0∋,3∋26770,32−_.∋Θ∗0Ε473∋Σ∗0∋
guvc"cuekgpfg"cn"76"'."nq"swg"kpfkec"swg"nqu"gortgΑ
Ε37−6Ε∋/0,∋Ε02467∋0Ε4ε.∋/−Εϑ∗0Ε46Ε∋3∋46Θ37∋27α/−46∋
0.∋,3∋ Θ0/−/3∋ 0.∋Σ∗0∋ 6+Ε07∆0.∋ Σ∗0∋,3∋ 026.6Θ83∋
0Ε4α∋2702−0./6δ∋0Ε40∋0Ε∋∗.∋+∗0.∋−./−23/67∋?3∋Σ∗0∋
Ε−∋ 0Ε40∋ /− .076∋ 0Ε∋ −. ∆074−/6∋ 0. ∋ ,3∋ 6ϑ0732− _.∋ /0,∋
.0562−6:∋Σ∗−070∋/02−7∋ Σ∗0∋0.∋0,∋Θ0/−3.6∋?∋,3756∋
ϑ,3Ζ6∋ 0,∋Ε02467∋ϑ6/7ε∋ 50.0737∋ 23ϑ32−/3/0Ε∋ϑ373∋
ugt" oƒu" gÞekgpv g" {" rtguvct" oglq tgu" ugtxkekqu. " nq"
swg"ug"vtcf weg"Þpcnogpvg"gp" oc{qt"etgekokgpvq"
026._Θ−26Ο∋<6Ε∋0Θϑ70Ε37−6Ε∋0Ε4ε.∋46Θ3./6∋/02−Α
Ε−6.0Ε∋2074073Ε∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋0Ε46Ε∋.∗0∆6Ε∋
702∗7Ε6Ε∋Ε03.∋703,Θ0.40∋−.∆074−/6Ε∋0.∋0,∋.0562−6∋
26Θ6∋43,:∋?3∋Σ∗0∋Ε−∋.6∋0Ε∋/0∋0Ε43∋Θ3.073:∋Ε−Θϑ,0Α
Θ0.40∋Ε6.∋−.∆07Ε−6.0Ε∋/0∋26746∋ϑ,3Ζ6∋Σ∗0∋.6∋Ε6.∋
,3∋+3Ε0∋ϑ373∋0,∋2702−Θ−0.46∋026._Θ−26Ο
ΣΠς
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
Vcdnc"70"
Eqttgncek„p"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc
!=⊥ Φ: = ΦΑ Φ.5 Χ≅Γ Χ≅= Χ≅Χ
)!Χ )037Ε6.∋
96770,34−6. Ω Α:ΩΤΩ Α:{ΞΞ Α:{φ{ Α:ΞΤς /.:;2,, :ςγ{ /.924, :{γΤ
≅−5Ο∋]ΤΑ43−,0/⊥ :ΥΞη :ΩΩΞ .298 .589 :ςςΩ :ηςΩ :ςΤγ .328
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
=# )037Ε6.∋
96770,34−6. Α:ΩΤΩ Ω .648 Α:Ξηη Α:{Τφ :Ωγφ Α:ΤΞΤ .428 .238
≅−5Ο∋]ΤΑ43−,0/⊥ :ΥΞη :ΤΩη :Τ{γ :ΩΩΥ .8:5 :{Ωφ .78; .;88
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
!∴Χ9 )037Ε6.∋
96770,34−6. Α:{ΞΞ .648 Ω :ςγη Α:ΩΥΤ .785 /.38: .862, Α:γΤη
≅−5Ο∋]ΤΑ43−,0/⊥ :ΩΩΞ :ΤΩη :φηΞ .857 :ςης .865 .268 :ΤΩΥ
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
#=Η )037Ε6.∋
96770,34−6. Α:{φ{ Α:Ξηη :ςγη Ω .;5;,, .684 :{Τη .383 Α:γφγ
≅−5Ο∋]ΤΑ43−,0/⊥ .298 :Τ{γ :φηΞ :ςςς :ΩΥφ .338 .87: :Ω{Υ
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
=9 )037Ε6.∋
96770,34−6. Α:ΞΤς Α:{Τφ Α:ΩΥΤ .;5;,, Ω.3;8 .782 Α:ΩΥΞ Α:ΤΤ{
≅−5Ο∋]ΤΑ43−,0/⊥ .589 :ΩΩΥ .857 :ςςς :{φφ :ςηΞ .855 :{ΞΤ
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
=>Β )037Ε6.∋
96770,34−6. /.:;2,, :Ωγφ .785 .684 .3;8 Ω :ςςς .948, Α:{ης
≅−5Ο∋]ΤΑ43−,0/⊥ :ςςΩ .8:5 :ςης :ΩΥφ :{φφ :ηηη :ςΩΥ :ςΥΤ
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
Η∃; )037Ε6.∋
96770,34−6. :ςγ{ Α:ΤΞΤ /.38: :{Τη .782 :ςςς Ω Α:ςΤφ Α:{γΩ
≅−5Ο∋]ΤΑ43−,0/⊥ :ηςΩ :{Ωφ .865 .338 :ςηΞ :ηηη :ηΞφ .328
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
Η∃! )037Ε6.∋
96770,34−6. /.924, .428 .862, .383 Α:ΩΥΞ .948, Α:ςΤφ Ω /.:2;,,
≅−5Ο∋]ΤΑ43−,0/⊥ :ςΤγ .78; .268 .87: .855 :ςΩΥ :ηΞφ :ςς{
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
Η∃Η )037Ε6.∋
96770,34−6. :{γΤ .238 Α:γΤη Α:γφγ Α:ΤΤ{ Α:{ης Α:{γΩ /.:2;,, Ω
≅−5Ο∋]ΤΑ43−,0/⊥ .328 .;88 :ΤΩΥ :Ω{Υ :{ΞΤ :ςΥΤ .328 :ςς{
∀ Ως Ως Ως Ως Ως Ως Ως Ως Ως
,,0"Eqttgncvkqp"ku"ukipkÞecpv"cv"vjg"2.23"ngxgn"*4/vckngf+0
,0"Eqttgncvkqp"ku"ukipkÞecpv"cv"vjg"2.27"ngxgn"*4/vckngf+0
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467:∋26.∋+3Ε0∋0.∋/346Ε∋/0∋,3∋≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0ΕΟ
ΣΠΩ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
Φ:−Χ≅Γα, 0,∋ 70Ε∗,43/ 6∋ /0∋ ,3∋ 26770,32− _.∋ 0Ε∋
−.∆07Ε3:∋ ,6∋Σ∗0∋ Ε−5.−Ψ−23∋ Σ∗0∋ 0,∋Ε02467∋ Ε07∆−2−6Ε∋
∋
0Ε∋3ϑ6743.40:∋0.∋+∗0.3∋Θ0/−/3:∋ϑ373∋,6Ε∋70Ε∗,43/6Ε∋
/0∋0Θϑ,06∋/0∋,3∋705−_.:∋?3∋Σ∗0∋Ε−∋0,∋Η∃;∋3∗Θ0.43:∋,3∋
43Ε3∋/0∋/0Ε0Θϑ,06∋/−ΕΘ−.∗?0:∋?∋ϑ373∋ϑ70Ε437∋Θ0670Ε∋
Ε07∆−2−6Ε:∋?∋0.∋Θ3?67∋23.4−/3/:∋0,∋702∗7Ε6∋.020Ε37−6∋
0Ε∋0,∋.ΠΘ076∋/0∋ϑ07Ε6.3Ε:∋,6∋Σ∗0∋26./∗20∋3∋0Ε40∋4−ϑ6∋
/0∋0Θϑ70Ε3Ε∋3∋26.473437∋ΘεΕ∋23.4−/3/∋/0∋ϑ07Ε6.3,Ο∋
∃Ε∋Θ∗?∋−Θϑ6743.40∋Σ∗0∋,6Ε∋0Θϑ70Ε37−6Ε∋/0,∋Ε02467∋
26.6Ζ23.∋0Ε43∋70,32−_.∋ϑ67Σ∗0∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋
,6Ε∋26.47346Ε∋/0∋473+36∋Ε0∋−.270Θ0.40.:∋0,∋−Θϑ3246∋
0.∋0,∋2702−Θ−0.46∋/0∋,3∋705−_.∋∆3∋3∋Ε07∋ϑ6Ε−4−∆6∋/0+−Α
/6∋3∋Σ∗0∋Ρ3?∋∗.3∋70,32−_.∋/−70243∋0.470∋,3∋6ϑ0732−_.∋
?∋0,∋)!Χ∋/0∋,3705−_.Ο
Φ:−Χ≅=α∋0,∋70Ε∗,43/6∋/0∋,3∋26770,32−_.∋0Ε∋ϑ6Α
ukvkxc."rgtq"gp"dclq"itcfq."gn"ewcn"cuekgpfg"cn"42"'."
guvq"ukipkÞec"swg"pq"jc{"wp"itcfq"ukipkÞecvkxq"fg"
70,32−_.∋0.470∋ 0Ε43Ε∋/6Ε∋ ∆37−3+,0ΕΟ∋Κ∋ 0Ε46∋Ε0∋ 01ϑ,−Α
23∋?3∋ Σ∗0:∋26Θ6∋ Ε0∋Θ0.2−6._∋3.407−67Θ0.40:∋,3Ε∋
−.∆07Ε−6.0Ε∋0Εϑ67ε/−23Ε∋6∋,3∋−.∆07Ε−_.∋−./−70243∋0.∋
,6Ε∋Θ0723/6Ε∋/0∋23ϑ−43,0Ε∋.6∋ Ε6.∋50.073/673Ε∋/0∋
2702−Θ−0.46∋026._Θ−26:∋.6∋3ϑ6743.∋3,∋2702−Θ−0.46∋
/0,∋0Θϑ,06∋?3∋Σ∗0∋ϑ373∋,3∋703,−Ζ32−_.∋/0∋0Ε43Ε∋.6∋0Ε∋
.020Ε37−6∋26.473437∋ϑ07Ε6.3,∋3/−2−6.3,∋ϑ67∋ϑ3740∋/0∋
ncu"Þtocu"kpvgtogfkcfqtcu"q"eqokukqpkuvcu0
Φ:−Χ≅Χα,0,∋70Ε∗,43/6∋/0∋,3∋26770,32−_.∋0Ε∋−.∆07Α
uc"q"pgicvkxc."nq"swg"ukipkÞec"swg"nqu"gortguctkqu"
0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋3/Σ∗−073.∋Θ3?67∋23.4−/3/∋/0∋
/0∗/3∋?∋0Ε43∋0Ε∋/0Ε4−.3/3∋ϑ373∋,3∋−.∆07Ε−_.∋/−70243∋6∋
0.∋,3∋324−∆−/3/∋ϑ7−.2−ϑ3,∋/0,∋.0562−6:∋.020Ε37−3Θ0.40∋
0Ε40∋2702−Θ−0.46∋26.,,0∆3∋,3∋26.473432−_.∋/0∋ϑ07Ε6Α
.3Εδ∋0Ε∋−Θϑ6743.40∋7023,237∋Σ∗0∋0.∋0Ε40∋Ε02467:∋ϑ373∋
−.270Θ0.437∋,6Ε∋Ε07∆−2−6Ε∋3∋ϑ70Ε437:∋.020Ε37−3Θ0.40∋
/0+0∋−7∋326Θϑ3β3/6∋/0∋,3∋26.473432−_.∋/0∋ϑ07Ε6.3,Ο
=3,∋ Ε07∋0,∋ 70Ε∗,43/6∋/0∋ ∗.3∋26770Α
,32−_.∋−.∆07Ε3:∋Ε0∋01ϑ,−23∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋,6Ε∋
0Θϑ70Ε37−6Ε∋/0,∋ Ε02467:∋3,∋ ,65737∋ −.270Θ0.46Ε∋0.∋
∋
nqu"àwlqu"fg"nc" qrgtcek„p."fglcp"fg"fguvkpct" tgewtΑ
Ε6Ε∋ϑ373∋,3∋−.∆07Ε−_.∋−./−70243∋6∋/0∋Ψ67Θ3∋26.4737−3∋
Ε−∋,6Ε∋ 70Ε∗,43/6Ε∋/0,∋Ε02467∋.6∋Ε6.∋,6Ε∋0Εϑ073/6Εδ∋
/0Ε4−.3.∋ ,6Ε∋ 702∗7Ε6Ε∋ 3∋ 6476∋ 4−ϑ6∋ /0∋ −.∆07Ε−6.0Ε∋
eqoq"uqp"ncu"kpxgtukqpgu"gp"cevkxqu"Þpcpekgtqu="guvg"
tguwnvcfq"tgàglc"nc"korqtvcpekc"swg"vkgpg"gn"eqtvq"
ϑ,3Ζ6∋ϑ373∋,6Ε∋0Θϑ70Ε37−6Ε:∋0Ε∋/02−7:∋,6Ε∋70Ε∗,43/6Ε∋
/0∋,3∋26770,32−_.∋/0Θ∗0Ε473.∋Σ∗0∋,6Ε∋0Θϑ70Ε37−6Ε∋
fgn"ugevqt"pq"guvƒp"fkurwguvqu"c"ucetkÞect"wvknkfcf"
gp"gn"eqtvq"rnc¦q"{"rtgÞgtgp"igpgtctnc"crcncpecfqu"
∋
0.∋6476Ε∋26Θ6∋,3∋ −.∆07Ε−_.∋0.∋0,∋Θ0723/6∋/0∋ 23ϑ−Α
43,0ΕΟ
=0,∋70Ε∗,43/6∋/0∋,3∋26770,32−_.∋3776_∋
wp"fcvq"rqukvkxq"swg"cuekgpfg"cn"86"'."wp"fcvq"ow{"
/−2−0.40∋?∋ Σ∗0∋ Ε0∋70,32−6.3∋ 26.∋0,∋ 3.ε,−Ε−Ε∋ /0∋,3Ε∋
∆37−3+,0Ε∋3.407−670Ε∋?3∋ Σ∗0∋,6Ε∋0Θϑ70Ε37−6Ε∋ 0Ε4ε.∋
fkurwguvqu" c" ÑcdcpfqpctÒ" uw" cevkxkfcf" okgpvtcu"
Σ∗0∋6476Ε∋Ε024670Ε∋Ε0∋∆∗0,∆0.∋ΘεΕ∋70.43+,0Εδ∋0Ε46∋
50.073∋∗.3∋ ϑ76+,0Θε4−23∋Θ∗?∋573./0:∋ ?3∋Σ∗0∋ Ε−∋
,3Ε∋−.∆07Ε−6.0Ε∋.6∋ Ε0∋ /0Ε4−.3.∋ϑ373∋ 0,∋ /0Ε3776,,6∋
ϑ76ϑ−6∋/0,∋Ε02467:∋0Ε40∋/03∋/0∋Ε07∋26Θϑ04−4−∆6∋?∋Ε∗∋
2702−Θ−0.46∋0.∋0,∋,3756∋ϑ,3Ζ6∋4−0./0∋3∋Ε07∋Θ∗?∋+36:∋
ϑ67Σ∗0∋,6Ε∋0120/0.40Ε∋6∋,6Ε∋/−.076Ε∋Ε0∋−.∆−0740.∋0.∋
6473Ε∋324−∆−/3/0Ε∋26Θ6∋0Ε∋0,∋23Ε6∋/0∋,3Ε∋−.∆07Ε−6.0Ε∋
0.∋Χ6,Ε3∋/0∋µ3,670ΕΟ
=0,∋70Ε∗,43/6∋/0∋ ,3∋ 26770,32−_.∋
gu" pgicvkx c." guvq" ukip kÞec" swg" nqu" g ortguctkqu"
/0,∋Ε02467∋ .6∋0Ε4ε.∋ 3/Σ∗−7−0./6∋/0∗/3Ε∋ϑ373∋Ε07∋
kpxgtvkfcu" gp" gn" ogtecfq" fg" cevkxqu" Þpcpekgtqu."
0Ε∋/02−7:∋,3Ε∋−.∆07Ε−6.0Ε∋0.∋0Ε40∋Θ0723/6∋Ε0∋0Ε4ε.∋
Ρ32−0./6∋26.∋0120/0.40Ε∋/0∋ 0Ψ024−∆6Ο∋=3Θ+−α.∋Ε0∋
ϑ∗0/0∋/0/∗2−7∋Σ∗0∋,6Ε∋−.270Θ0.46Ε∋/0∋,6Ε∋27α/−46Ε∋
Ε0∋0Ε4ε.∋/0Ε4−.3./6∋ϑ373∋0,∋/0Ε3776,,6∋/0∋,3∋324−∆−Α
/3/∋ϑ7−.2−ϑ3,:∋,6∋Σ∗0∋.6∋Ε0∋ϑ∗0/0∋/0Θ6Ε4737∋0Ε∋0,∋
/0Ε4−.6∋/0∋0Ε46Ε∋702∗7Ε6Ε:∋Ε−∋Ε6.∋ϑ373∋,3∋−.∆07Ε−_.∋
0.∋0,∋2702−Θ−0.46∋/0,∋Ε02467∋0.∋0,∋,3756∋ϑ,3Ζ6∋6∋,6Ε∋
702∗7Ε6Ε∋3/−2−6.3,0Ε∋Ε0∋0Ε4ε.∋/0Ε4−.3./6∋ϑ373∋6ϑ0Α
732−_.∋26Θ6∋0,∋ϑ356∋/0∋ ,3∋._Θ−.3:∋ϑ76∆00/670Ε:∋
−Θϑ∗0Ε46Ε:∋0.470∋6476ΕΟ
:ΦΧ−Χ≅Γα,,3∋70,32−_.∋0.470∋0Ε43Ε∋/6Ε∋∆37−3+,0Ε∋
gu"rqukvkxc"gp"gn"75"'0"Nc"vcuc"FVH"*fgr„ukvq"c"vfitokΑ
pq"Þlq+"gu"wpc"vcuc"cocttcfc"c"nc"vcuc"fg"kpàcek„p"
?:∋3,∋ Ε07∋0,∋70Ε∗,43/6∋ /0∋,3∋26770,32−_.∋ ϑ6Ε−4−∆3∋ ?∋
wp"rqeq" ukipkÞecpvg."fgowguvtcgn" rtqdngoc"swg"
ecwuc"nc"kpàcek„p"gp"nqu"àwlqu"fg"ghgevkxq."{c"swg"
uk"nc"vcuc"fg"kpàcek„p"fkuokpw{g"eqoq"jc"uwegfkfq"
gp"nqu"¿nvkoqu"c‚qu."vcodkfip"nqu"àwlqu"fg"ghgevkxq"
26Θ−0.Ζ3.∋3∋/−ΕΘ−.∗−7δ∋0Ε∋/02−7:∋,3Ε∋∆37−32−6.0Ε∋0.∋
nqu"àwlqu"fg"ghgevkxq"fg"ncu"qrgtcekqpgu"ug"gzrnkecp"
rqt"ghgevqu"kpàcekqpctkqu"gp"ekgtvc"rtqrqtek„p."nq"
−/03,∋0Ε∋Σ∗0∋,3∋∆37−32−_.∋/0∋0Ε46Ε∋Ε03∋ϑ67∋0,∋/0Ε3776Α
,,6∋/0∋,3∋324−∆−/3/∋ϑ7−.2−ϑ3,∋?.6∋ϑ67∋6473Ε∋∆37−3+,0Ε∋
eqoq"nc"kpàcek„p0
ΣΠΞ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
ΦΑ−Χ≅Χα, 0,∋ 70Ε∗,43/6∋ /0,∋ 27∗20∋ 0.470∋ 0Ε 43Ε∋
/6Ε∋∆37−3+,0Ε∋0Ε∋.0534−∆6:∋,6∋Σ∗0∋Σ∗−070∋/02−7∋Σ∗0∋
,6Ε∋ 0Θϑ70Ε37−6Ε∋ /0,∋ Ε 02467∋ 3/Σ∗−070.∋ /0∗/3∋ Ε−.∋
−Θϑ67437∋,3∋43Ε3∋/0∋−.407αΕ∋/0,∋Θ0723/6∋/0∋,3Ε∋26,6Α
232−6.0Ε∋/0∋,6Ε∋702∗7Ε6Ε∋ϑ67∋ϑ3740∋/0∋,3Ε∋0.4−/3/0Ε∋
Þpcpekgtcu=" guvg" tguwnvcfq" pq" gu" ow{ " cngpvcfqt"
rctc"gn"ugevqt."{c"swg"ncu"fgekukqpgu"fg"Þpcpekcek„p"
ϑ67∋ϑ3740∋ /0∋,6Ε∋ 0Θϑ70Ε37−6Ε∋Ε6.∋ 077_.03Ε:∋ϑ∗0Ε∋
,3∋43Ε3∋/0∋−.407αΕ∋0Ε∋∗.∋3Εϑ0246∋Ψ∗./3Θ0.43,∋3∋,3∋
Ρ673∋/0∋46Θ37∋∗.∋ 27α/−46:∋?∋3∋,6Ε∋0Θϑ70Ε37−6Ε∋.6∋
,0Ε∋ϑ37020∋−Θϑ67437∋ 0Ε40∋3Εϑ0246∋ϑ373∋ ,3∋/02−Ε−_.∋
fg"Þpcpekcek„p0
Φ.5−Χ≅Γα∋0,∋ 70Ε∗,43/6∋/0∋ ,3∋26770,32−_.∋0Ε∋
fg"2"'0
Φ.5−Χ≅=α∋0,∋ 70Ε∗,43/6∋ /0∋ ,3∋26770,32−_.∋0Ε∋
cnvcogpvg"ukipkÞecvkxc"fgn"94"'."nq"swg" ukipkÞec"
Σ∗0∋ ,6Ε∋0Θϑ70Ε37−6Ε∋ 0Ε4ε.∋ /−Εϑ∗0Ε46Ε∋ 3∋ 703,−Ζ37∋
3,43Ε∋−.∆07Ε−6.0Ε∋0.∋0,∋Θ0723/6∋/0∋23ϑ−43,0Ε∋2∗3.Α
/6∋,3∋43Ε3∋ 70ϑ70Ε0.434−∆3∋ /0,∋ Θ0723/6∋0Ε∋3,43:∋ ?∋
26Θ6∋0Ε43∋43Ε3∋0.∋,6Ε∋ Π,4−Θ6Ε∋3β6Ε∋Ρ3∋/−ΕΘ−.∗−Α
/6:∋Ρ3∋623Ε−6.3/6∋Σ∗0∋,3Ε∋−.∆07Ε−6.0Ε∋−./−70243Ε∋
3∗Θ0.40.:∋ ϑ076∋0Ε43Ε∋ Ε0∋ Ρ3.∋ /0Ε4−.3/6:∋0.∋Ε∗∋
573.∋Θ3?6783:∋0.∋ϑ0Ε6Ε∋ 26,6Θ+−3.6Ε∋?3∋ Σ∗0∋.6∋
0Ε∋347324−∆6∋Ρ3207∋ −.∆07Ε−6.0Ε∋ 0.∋6473Ε∋ Θ6.0/3Ε∋
2∗3./6∋ Ρ3?∋70∆3,∗32−_.∋ /0,∋ ϑ0Ε6∋ 26,6Θ+−3.6∋
Ψ70.40∋3∋6473Ε∋Θ6.0/3ΕΟ
Φ.5−Χ≅Χα,,3∋70,32−_.∋0.470∋0Ε43Ε∋∆37−3+,0Ε∋0Ε∋
.0534−∆3:∋/6./0∋,3∋ =>Β∋Ρ3∋∆0.−/6∋/−ΕΘ−.∗?0./6∋
3∋473∆αΕ∋ /0∋,6Ε∋ 3β6Ε∋6+046∋ /0,∋0Ε4∗/−6∋ ?∋,6Ε∋ Η∃Η∋
43Θ+−α.∋,6∋ Ρ3.∋∆0.−/6∋Ρ32−0./6∋3∋0120ϑ2−_.∋ /0,∋
3β6∋ΤςΩΩ∋2∗3./6∋,3∋23.4−/3/∋/0∋27α/−46∋2702−_∋0.∋
573.∋ϑ76ϑ672−_.Ο∋∃Ε43∋70,32−_.∋.0534−∆3∋01ϑ70Ε3∋Σ∗0∋
,6Ε∋0Θϑ70Ε37−6Ε∋/0,∋Ε02467:∋3,∋46Θ37∋Ε∗Ε∋/02−Ε−6.0Ε∋
fg" Þpcpekcek„p." nqu" vkrqu" fg" ecodkq" pq " uqp" wp"
Ψ32467∋Ψ∗./3Θ0.43,∋ϑ373∋46Θ37∋27α/−46:∋?3∋Σ∗0∋0.∋
,3∋Θ0/−/3∋0.∋Σ∗0∋,3∋=>Β∋+30:∋Ε0∋Ρ320∋Θ∗?∋34732Α
4−∆6∋46Θ37∋27α/−46∋0.∋0,∋01407−67:∋ϑ∗0Ε∋0Ε46∋ϑ76∆623∋
wpc"fkuokpwek„p"gp"nqu"equvqu"Þpcpekgtqu="rgtq"nqu"
0Θϑ70Ε37−6Ε∋.6∋Ρ320.∋∗Ε6∋/0∋0Ε43∋−.Ψ67Θ32−_.∋ϑ373∋
Ε∗Ε∋/02−Ε−6.0Ε∋ ?:∋26Θ6∋Ε0∋Θ6Ε47_∋3.407−67Θ0.40:∋
0Ε46Ε∋Ψ324670Ε:∋26Θ6∋,3∋43Ε3∋/0∋−.407αΕ∋?∋,6Ε∋4−ϑ6Ε∋/0∋
∋
23Θ+−6:∋ .6∋Ε6.∋ Ψ∗./3Θ0.43,0Ε∋ ϑ373∋ ,3∋/02−Ε−_.∋
fg"Þpcpekcek„p0"Gp" nc"vcdnc"7"ug" fc"c"eqpqegt" wp"
3.ε,−Ε−Ε∋/0∋ ,3∋70.43+−,−/3/∋ ?∋,3∋∗4−,−/3/∋/0,∋Ε02467∋
Ε07∆−2−6Ε∋/0,∋/0ϑ3743Θ0.46∋/0∋>−Ε373,/3Ο
:ΦΧ−Χ≅=α, 0,∋ 70Ε∗,43/6∋ /0∋ , 3∋ 70,32−_.∋ 0.470∋
guvcu"fqu" xctkcdngu"gu"rqukvkxc." rgtq"rqeq"ukipkÞΑ
ecvkxc."nq"swg"swkgtg"fgekt"swg"nc"vcuc"fg"kpàcek„p"
.6∋70ϑ70Ε0.43∋70,32−_.∋26.∋ ,3∋/02−Ε−_.∋/0∋,6Ε∋0ΘΑ
ϑ70Ε37−6Ε∋ 3∋ 703,−Ζ37∋ −.∆07Ε−6.0Ε∋ −. /−70243Ε∋ 0.∋ ,6Ε∋
Θ0723/6Ε∋/0∋23ϑ−43,0ΕΟ∋
:ΦΧ−Χ≅Χα,,3∋26770,32−_.∋/0∋0Ε43Ε∋/6Ε∋∆37−3+,0Ε∋
3776_∋∗.∋/346∋.0534−∆6:∋0,∋2∗3,∋0Ε∋,_5−26:∋0.∋,3∋Θ0Α
fkfc"gp"swg"uk"nc"kpàcek„p"uwdg."guvq"pgeguctkcogpvg"
ecwuctƒ"wp"kpetgogpvq"gp"nqu"equvqu"fg"Þpcpekcek„p."
0Ε∋/02−7:∋,6Ε∋0Θϑ70Ε37−6Ε∋/0,∋Ε02467∋/037ε.∋/0∋ 3/Α
Σ∗−7−7∋/0∗/3Ε∋ϑ67∋0,∋Ε6+7026Ε46∋Σ∗0∋0Ε46∋26.,,0∆3Ο∋
Nc"kpàcek„p" gp"Eqnqodkc"jc" fkuokpwkfq"gp"nqu" ¿nΑ
4−Θ6Ε∋3β6Ε:∋,6∋Σ∗0∋/0+0∋50.0737∋∗.∋Θ3?67∋3ϑ04−46∋
ϑ67∋ϑ3740∋/0∋,6Ε∋0Θϑ70Ε37−6Ε∋ϑ67∋3/Σ∗−7−7∋/0∗/3∋?∋
0Ε40∋Ε02467∋.6∋Ρ3∋Ε−/6∋30.6∋3∋0Ε40∋0Ψ0246:∋,6∋Σ∗0∋
Ε0∋/0Θ∗0Ε473∋0.∋,3Ε∋43+,3Ε∋Τ∋?∋Ξδ∋0.∋,3∋Θ0/−/3∋0.∋
swg"nc" vcuc"FVH"jc" xgpkfq"fkuokpw{gpfq."gn"àwlq"
fg"ghgevkxq"fg"Þpcpekcek„p"fgn"ugevqt"jc"etgekfq."gu"
/02−7:∋,6Ε∋0Θϑ70Ε37−6Ε∋Ρ3.∋3/Σ∗−7−/6∋Θ3?67∋23.4−/3/∋
fg"fgwfc"rqt"nc"fkuokpwek„p"gp"nc"kpàcek„p0
ΦΑ−Χ≅Γα∋0,∋ 70Ε∗,43/6∋/0,∋ 27∗20∋/0∋0Ε43Ε∋/6Ε∋
xctkcdngu"cttql„"wp"fcvq"rqukvkxq" fgn"78"'="cwpswg"
0Ε40∋70Ε∗,43/6∋0Ε∋/−Ψ82−,∋/0∋0∆−/0.2−37:∋Ε0∋ϑ∗0/0∋Ε∗Α
ϑ6.07∋Σ∗0∋0,∋70Ε∗,43/6∋/0∋0Ε43∋70,32−_.∋Ε0∋/0+0∋ΘεΕ∋
c"ghgevqu"kpàcekqpctkqu"swg"c"qvtqu."{c"swg"gp"vcpvq"
swg"nc"kpàcek„p"jc"xgpkfq"fkuokpw{gpfq"gp"EqnqoΑ
+−3:∋,3Ε∋43Ε3Ε∋/0∋26,6232−_.∋/0∋,6Ε∋27α/−46Ε∋43Θ+−α.∋
,6∋Ρ3.∋Ρ02Ρ6∋/0∋−5∗3,∋Ψ67Θ3:∋?∋0Ε46∋Ρ3∋23∗Ε3/6∋∗.3∋
fkuokpwek„p"fg"nqu"àwlqu" fg"ghgevkxq"fg"ncu" qrgtcΑ
2−6.0Ε:∋ ϑ∗0Ε:∋ 26Θ6∋ Ε0∋ /0Θ6Ε47_∋ 3.407−67Θ0.40:∋
gn"tguwnvcfq"fg" nqu"àwlqu"guvƒ"tgncekqpcfq"eqp"ncu"
xctkcekqpgu"fg"nc"kpàcek„p."nq"ewcn"pq"fgdgtc"ugt"cu."
{c"swg"nqu"àwlqu"fg"ghgevkxq"fgdgtcp"ugt"gn"tguwnvcfq"
/0∋,3∋Θ−ΕΘ3∋6ϑ0732−_.δ∋Ε0∋0Ε4ε∋0∆−/0.2−3./6∋Σ∗0∋,3∋
kpàcek„p"gu"hcevqt"kpàw{gpvg"gp"gn"tguwnvcfq"fg"guvqu0
ΦΑ−Χ≅=α,0,∋ 70Ε∗,43/6∋/0∋ ,3∋26770,32−_.∋0Ε∋.0Α
534−∆3:∋0Ε46∋Σ∗−070∋/02−7∋Σ∗0∋ϑ3740∋/0∋,6Ε∋702∗7Ε6Ε∋
Σ∗0∋Ε0∋6+4−0.0.∋3∋473∆αΕ∋/0∋27α/−46∋Ε6.∋/0Ε4−.3/6Ε∋3∋
kpxgtukqpgu"kpfktgevcu"gp"cevkxqu"Þpcpekgtqu="gu"rctc"
,6Ε∋0Θϑ70Ε37−6Ε∋/0,∋Ε02467∋∗.3∋Θ3,3∋/02−Ε−_.∋?3∋Σ∗0∋
,6Ε∋702∗7Ε6Ε∋Σ∗0∋/0+0783.∋Ε07∋−.∆074−/6Ε∋0.∋0,∋Ε02467∋
Ε0∋0Ε4ε.∋/0Ε4−.3./6∋ϑ373∋6476∋4−ϑ6∋/0∋ 324−∆−/3/0Ε∋
Σ∗0∋ϑ626∋3ϑ6743.∋3,∋2702−Θ−0.46∋026._Θ−26∋26Θ6∋
,3∋−.∆07Ε−_.∋−./−70243Ο
ΣΠΠ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
∃,∋Ε02467∋/∗73.40∋.−.5Π.∋3β6∋/0,∋ϑ07−6/6∋/0∋
0Ε4∗/−6∋ϑ70Ε0.43∋70.43+−,−/3/∋Ε34−ΕΨ32467−3∋3∋ϑ0Ε37∋
/0∋Σ∗0∋0.∋46/6Ε∋,6Ε∋3β6Ε∋0Ε43∋70.43+−,−/3/∋Ψ∗0∋ϑ6Α
Ε−4−∆3Ο∋≅0∋/0Θ∗0Ε473∋Σ∗0∋.6∋0Ε∋Ε34−ΕΨ32467−3∋/0+−/6∋
3∋Σ∗0∋,3∋70.43+−,−/3/∋/0,∋324−∆6∋/0+0∋Ε07∋Θ3?67∋3,∋
26Ε46∋/0∋23ϑ−43,Ο∋&∗.Σ∗0∋.6∋Ε0∋ϑ70Ε0.43∋∗.∋2ε,2∗Α
,6∋/0,∋26Ε46∋ /0∋23ϑ−43,:∋Ε0∋ 3Ε∗Θ0∋Σ∗0∋0Ε40∋ϑ∗0/0∋
Ε07∋Ε−Θ−,37∋ 3∋,3∋43Ε3/0∋26,6232−_.∋/0∋ ,6Ε∋702∗7Ε6Ε∋
Þpcpekgtqu."swg"gp"rtqogfkq."rctc"nqu"rgtkqfqu"fg"
guvwfkq."hwg"fg" 34.8;"'"GC."okgpvtcu"swg" rctc"gn"
Θ−ΕΘ6∋ϑ07−6/6∋,3∋70.43+−,−/3/∋ϑ76Θ0/−6∋/0,∋Ε02467∋
hwg"fg":.37"'0
<3∋ ∗4−,−/3 /∋ /0,∋ Ε02467∋ Ε0 7∆−2−6Ε∋ Ρ3∋ ∆0 .−/6∋
kpetgogpvcpfq"c‚q" c" c‚q."okgpvtcu" swg" gn"àwlq"
/0∋0Ψ024−∆6∋/0∋6ϑ0732−_.∋Ρ3∋∆0.−/6∋/−ΕΘ−.∗?0./6∋
*xgt"itƒÞec"3+"gp"nqu"okuoqu"rgtkqfqu"fg"guvwfkq0"
Guvq" ukipkÞec" sw g" gn" crqtvg" c" nc" igpgt cek„p" fg"
Θ3?670Ε∋∗4−,−/3/0Ε∋Ε0∋ Ρ3∋/3/6∋ϑ67∋0,∋ −.270Θ0.46∋
gp"ncu" kpxgtukqpgu."ncu"ewcngu" ug"xgp"tgàglcfcu" gp"
gn"okuoq"àwlq"fg"ghgevkxq0
ΑΓϑΑΗΙΕ=Γϑ≅Ε
<3Ε∋Ωγ∋0Θϑ70Ε3Ε∋0Ε4∗/−3/3Ε∋/0Ε4−.376.∋Ε∗Ε∋702∗7Α
Ε6Ε∋0.∋−.∆07Ε−6.0Ε∋0.∋0,∋Θ0723/6∋/0∋23ϑ−43,0Εδ∋ϑ67∋
43.46:∋.6∋Ρ320.∋.−.5Π.∋3ϑ6740∋3,∋)!ΧΟ∃.∋,3∋Θ0/−/3∋
0.∋Σ∗0∋ 50.070.∋ΘεΕ∋ −.∆07Ε−6.0Ε∋/0∋ 0Ε40∋4−ϑ6:∋ Ε0∋
3Ψ02437ε∋0,∋2702−Θ−0.46∋ 026._Θ−26∋/0,∋Ε02467Ο∋<3Ε∋
Vcdnc"80"
Tgpvcdknkfcf"ugevqt"ugtxkekqu"fgn"fgrctvcogpvq"fg"Tkuctcnfc
&β6 Γ4−,−/3/∋.043∋3.40Ε∋
/0∋−Θϑ∗0Ε46Ε
'"korwguvq"c"nc"
70.43∋ Γ4−,−/3/∋6ϑ0734−∆3 &24−∆6Ε∋6ϑ0734−∆6Ε >0.43+−,−/3/∋/0,∋
cevkxq"*'+
ΤςςΤ 308650322 Ξ{ ;:90489 ΩΩΟηςΥΟΥηη {:Ξη
ΤςςΞ ΩΟΞγγΟγΩφ Ξ{ ΥφΩΟ{φγ ΩΤΟΥΩΤΟΞηγ γ:ςς
Τςςγ ΩΟΤφςΟγηΥ Ξ{ ;;70787 34099804:5 7.28
Τςς{ ΤΟΩΞΞΟηγς Ξ{ 308240784 Ω{ΟΞφςΟςΤΤ 8.99
4228 ΩΟφγΥΟφ{Υ Ξ{ 3075:08;3 3609680949 8.9:
ΤςςΥ 608840777 Ξγ ΤΟγγΤΟΞΥφ Ω{ΟφΞΞΟ{Ωφ Ως:Ωφ
Τςςφ γΟηΞηΟΤηφ ΞΞ 503830594 ΤςΟςςςΟηγΞ Ως:{η
Τςςη 50;:;0487 ΞΞ 40:380:64 ΩφΟΞφφΟς{{ 32.48
ΤςΩς 702630989 ΞΞ 505580;46 4306950:78 Ως:γΩ
ΤςΩΩ 80:2:0952 ΞΞ γΟ{φΞΟγΤΤ ΤΥΟς{γΟγΩ{ ΩΤ:ςΤ
Η∗0.40(∋0,3+6732−_.∋/0,∋3∗467∋26.∋−.Ψ67Θ32−_.∋/0∋,3∋≅∗ϑ07−.40./0.2−3∋/0∋≅62−0/3/0ΕΟ
0Θϑ70Ε3Ε∋0Ε4∗/−3/3Ε∋.6∋Ε6.∋573./0Ε∋3ϑ6743.40Ε∋3,∋
/0Ε3776,,6∋/0,∋0Θϑ,06∋ 0.∋,3∋705−_.:∋/0+−/6∋ 3∋Σ∗0∋
,3∋ϑ7−.2−ϑ3,∋324−∆−/3/∋026._Θ−23∋/0,∋/0ϑ3743Θ0.46∋
?:∋ΘεΕ∋3Π.∋0.∋,3∋2−∗/3/∋/0∋)070−73:∋0Ε∋0,∋26Θ072−6Ο
∃,∋26Θϑ6743Θ−0.46∋ 3∋,3∋ +33∋/0∋ ,3∋43Ε3∋ 70Α
ϑ70Ε0.434−∆3∋/0,∋Θ0723/6∋]=>Β⊥:∋0.∋0,∋ϑ07−6/6∋/0∋
guvwfkq."kpegpvkx„"gn"kpetgogpvq"fg"nc"Þpcpekcek„p"
rqt"rctvg"fg"nqu"gortguctkqu."tgàglcfq"gp"gn"àwlq"fg"
ghgevkxq"fg"nc"Þpcpekcek„p"fg"ncu"gortgucu"qdlgvq"
/0∋0Ε4∗/−6Ο∋>−Ε373,/3∋ 0Ε∋∗.3∋705−_.∋ Θ∗?∋ /0ϑ0.Α
/−0.40∋/0∋,3Ε∋70Θ0Ε3Ε∋?∋0.∋,3∋Θ0/−/3∋0.∋Σ∗0∋0Ε43Ε∋
/−ΕΘ−.∗?3.:∋Ε0∋3Ψ0243∋0,∋26.Ε∗Θ6∋/0∋,6Ε∋Ρ65370Εδ∋
ϑ67∋,6∋ Σ∗0∋,6Ε∋ −.570Ε6Ε∋]∗4−,−/3/0Ε⊥∋/0ϑ0./0.∋0.∋
573.∋23.4−/3/∋/0,∋26Θϑ6743Θ−0.46∋/0∋0Ε46Ε∋5−76Ε:∋
tgàglcfqu"gp"wpc"vgpfgpekc"c"nc"dclc"fg"nqu"àwlqu"fg"
0Ψ024−∆6∋/0∋6ϑ0732−_.∋/0∋,3Ε∋0Θϑ70Ε3Ε∋0Ε4∗/−3/3ΕΟ
<6Ε∋ 0Θϑ70Ε37−6 Ε∋ 46Θ3.∋ Ε∗Ε∋ /02−Ε− 6.0Ε∋ /0∋
0./0∗/3Θ−0.46∋/0∋ 32∗07/6∋26.∋ Ε∗Ε∋.020Ε−/3/0Ε∋
fg"Þpcpekcek„p"{"ugi¿p"nc"pgegukfcf" fgn"oqogpΑ
46:∋Ε−.∋−Θϑ67437∋ 0,∋ 26Θϑ6743Θ−0.46∋/0∋ ,3Ε∋ 43Ε3Ε∋
/0∋ −.407αΕ∋ /0,∋ Θ6Θ0.46:∋ ?3∋ Σ∗0∋ 0Ε 43Ε∋ ∆37−3+,0Ε∋
.6∋ ϑ70Ε0.4376.∋ .−.5∗.3∋ 26770,32−_.∋ /∗73.40∋ ,6Ε∋
ϑ07−6/6Ε∋0Ε4∗/−3/6ΕΟ
Ncu"gortgucu"pq"tgàglctqp."gp"gn"rgtkqfq"guΑ
vwfkcfq."swg"nqu"tgewtuqu"Þpcpekgtqu"cfkekqpcngu"ug"
/0Ε4−.376.∋ϑ373∋Θ06737∋0∋−.270Θ0.437∋,6Ε∋−.570Ε6Ε∋
6ϑ0732−6.3,0Ε∋.−∋−.∆074−7∋0.∋0,∋Θ0723/6∋/0∋23ϑ−43Α
,0Ε:∋Ε−.6∋ϑ373∋0,∋Ε6Ε40.−Θ−0.46∋/0∋Ε∗Ε∋6ϑ0732−6.0ΕΟ∋
ΣΠΨ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
<6Ε∋+∗0.6Ε∋ 70Ε∗,43/6Ε∋/0,∋ !∴Χ∋−.20.4−∆376.∋ 3∋,3Ε∋
0Θϑ70Ε3Ε∋6+046∋/0∋0Ε4∗/−6∋3,3∋26Θϑ73∋/0∋324−∆6Ε∋
Þpcpekgtqu."nq"ewcn"ug"xg"tgàglcfq"gp"gn"eqorqtvcΑ
okgpvq"fgn"àwlq"fg"ghgevkxq"fg"kpxgtuk„puqdtg"vqfq"
c"rctvkt"fgn"c‚q"42280"Ncu"gortgucu"cpcnk¦cfcu"pq"
Ε6.∋70.43+,0Ε∋0.∋Ε∗∋324−∆−/3/∋ϑ7−.2−ϑ3,:∋3∋ϑ0Ε37∋/0∋
∋
Σ∗0∋ Θ 6Ε473 76.∋ /3 46Ε∋ ϑ6 Ε−4−∆ 6Ε∋ 0.∋ 0 ,∋ ϑ07− 6/6∋∋
/0∋0Ε4∗/−6:∋ϑ076∋.6∋Ε0∋Ε∗ϑ073∋0,∋26Ε46∋/0,∋23ϑ−43,Ο
.≅ΑΓ5≅ϑ:6Α=Γϑ≅Ε
<3Ε∋0Θϑ70Ε3Ε∋/0,∋Ε02467∋Ε07∆−2−6Ε∋/0,∋/0ϑ3743Θ0.46∋
/0∋>−Ε373,/3∋/0+0.∋26.6207∋0Ε40∋ /62∗Θ0.46∋26.∋
gn"Þp"fg"swg" nq"cpcnkegp"{"rwgfcp" vqoct"fgekukqΑ
.0Ε∋2074073Ε∋ϑ373∋,6Ε∋ϑ7_1−Θ6Ε∋ϑ07−6/6Ε:∋?3∋Σ∗0∋Ε−∋
Ε0∋ 26.4−.Π3.∋ 26.∋ 0,∋ Θ−ΕΘ6∋ 26Θϑ6743Θ−0.46∋ /0∋
26.Ε07∆37∋2−0743∋ 0Ε43+−,−/3/∋ 0.∋,6Ε∋ −.570Ε6Ε∋ ?∋.6∋
50.0737∋70.43+−,−/3/0Ε∋−Θϑ6743.40Ε:∋.6∋Ρ3+7ε∋∗.3∋
50.0732−_.∋/0∋∆3,67Ο
∃Ε∋−Θϑ6743.40∋Σ∗0∋,3Ε∋0Θϑ70Ε3Ε∋ /0,∋/0ϑ37Α
43Θ0.46∋/0∋>−Ε373,/3∋,6570.∋−Θϑ,0Θ0.437∋/0.476∋
/0∋Ε∗∋57∗ϑ6∋/−7024−∆6∋∗.3∋ϑ,3.032−_.∋026._Θ−23:∋
Þpcpekgtc" {" fg" ogtecfgq" swg" ngu" rgtokvc" vgpgt"
ΘεΕ∋ϑ70Ε0.40Ε∋,3Ε∋∆37−3+,0Ε∋Θ3276026._Θ−23Ε∋/0∋,3∋
705−_.∋?∋.32−6.3,0Ε∋Σ∗0∋,0Ε∋Ε−7∆0.∋26Θ6∋−./−23/67∋
6∋/0∋70Ψ070.2−3∋ ϑ373∋Ε3+07∋0,∋ 7∗Θ+6∋/0∋,3∋ 705−_.∋
?∋2_Θ6∋0Ε46∋ ϑ∗0/0∋ 3Ψ02437∋0,∋ /0Ε0Θϑ0β6∋ /0∋Ε∗∋
0Θϑ70Ε3:∋ ? ∋ ϑ373∋ Σ∗0∋ ,65 70.∋ −..6∆37 ∋ ?∋ Ε07∋ ΘεΕ∋
26Θϑ04−4−∆6Ε∋0.∋0,∋Θ0723/6Ο
<3Ε∋−.∆0Ε4−532−6.0Ε∋/0∋23/3∋∗.6∋/0∋,6Ε∋/0ϑ37Α
43Θ0.46Ε∋/0∋,3∋>05−_.∋93Ψ04073∋Ε0∋/0+0.∋−.405737:∋?∋
Ε0∋/0+0∋,65737∋Ρ3207∋∗.∋3.ε,−Ε−Ε∋26Θϑ,046∋/0∋46/3∋,3∋
705−_.ϑ373∋Σ∗0∋Ε0∋ϑ∗0/3∋Ρ3207∋∗.∋ϑ,3.∋705−6.3,∋/0∋
32∗07/6∋26.∋,3Ε∋/0+−,−/3/0Ε∋?∋,3Ε∋Ψ6743,0Ζ3Ε∋/0∋23/3∋
∗.6∋/0∋0,,6ΕΟ∋=6/3Ε∋,3Ε∋0Θϑ70Ε3Ε∋/0∋,6Ε∋/−Ψ070.40Ε∋
Ε024670Ε∋/0+0.∋70ϑ67437∋26.4−.∗3Θ0.40∋3∋,3∋≅∗ϑ07Α
kpvgpfgpekc"fg"Uqekgfcfgu"uwu"guvcfqu"Þpcpekgtqu"
26.∋0,∋6+04−∆6∋/0∋ϑ6/07∋Ρ3207∋−.∆0Ε4−532−6.0Ε∋ΘεΕ∋
ϑ76Ψ∗./3Ε∋?∋∗.∋Θ067∋3.ε,−Ε−ΕΟ
≅0∋6+Ε07∆3:∋0.∋ ,3Ε∋ 0Θϑ70Ε3Ε∋ 6+046∋/0∋ 0ΕΑ
vwfkq." swg" gn" àw lq" fg" ghgevkxq" fg" qr gtcek„p" xc"
/023? 0./6∋ ? ∋ 0,∋ Ψ,∗ 6∋ /0∋ 0Ψ 024−∆6 ∋ /0∋ −.∆0 7Ε−_.∋
∋
∆3∋2702−0./6:∋ϑ67∋,6∋ 2∗3,∋Ε0∋7026Θ−0./3∋Ρ3207∋∗.∋
cpƒnkuku"oƒu"rtqhwpfq"fg"nqu"tguwnvcfqu"fg"nqu"àwlqu"
/0∋0Ψ024−∆6δ∋/0+−/6∋3∋0Ε46∋Ε∗750∋,3∋Ε−5∗−0.40∋ϑ705∗.Α
43(∋0Ε43Ε∋Ωγ∋0Θϑ70Ε3Ε∋/0,∋Ε02467∋Ε07∆−2−6Ε:∋6+046∋/0∋
0Ε4∗/−6:∋/0+0.∋26.4−.∗37∋26.∋Ε∗∋324−∆−/3/∋ϑ7−.2−ϑ3,∋
6∋Ε0∋/0+0.∋/0/−237∋3,∋Θ0723/6∋/0∋23ϑ−43,0Ε
.≅Χ≅.≅ϑΑ=6Ε
Η%Ο∀/∃
8∋! ϑΡ)−#%−#[∃!7%−#)∃%∗! Ω,! Α∃Ω8=Ζ∋! Gpewguvc" fg" qrkpk„p" fg" kpfwuvtkcn" *GQKE+0!!
.)/)+0Χ!%
=∋! ϕ%9−]%1!Ν∋Μ∋! Ψ8βββΖ∋!Cfokpkuvtcek„p" Þpcpekgtc"hwpfcogpvqu" {"crnkecekqpgu∋! .)/)+0Χ!∆Ω#+)9#%∗!
Ο)Ω,9∃%∋
Φ∋! ϕ#+3%∃1!Σ∋Μ∋!Ψ8βΕ≅Ζ∋!Hwpfco gpvqu"fg "cfokpk uvtcek „p"Þpcpe kgtc∋!ΟρΞ#−)1!Ι∋!∀∋Χ!∆Ω#+)9#%∗!η%9∗%!Β∋ϑ∋
?∋! Η)ΡΡ1!ϑ∋Β∋!Ψ8ββΕΖ∋!7,∋#∋Ο#0!%&∗3&∗#1,=#0≅!Ο%Ω9#ΩΧ!∆Ω#+)9#%∗!Ο−ϕ9%_:η#∗∗∋
ι∋! Tquu."U0C0." YguvgtÞgnf."T0Y0"{" Lqtfcp." D0" F0"*3;;9+0Hw pfco gpvqu " fg" Þp cp¦cu " eqtr qtcvk xcu!
!
Ψ=!,Ω∋Ζ∋!Ο%Ω9#ΩΧ!∆Ω#+)9#%∗!Ο−ϕ9%_:η#∗∗∋
ΣΠΘ
!∀#∃%&∋()∋)!)∗+,−%∋.∋)/+%0/%∋)∗%/12,∗%∋)/∋∀3&∋)240)&3&∋()∋&)0−,∗,%&∋()∋0,&303∀(35∋677686799
ν#Ο
6∋! .%∃−)!Ω,!∗%!Η,(Π4∗#−%∋!Ψ=>8=Ζ∋! Vcuc"fg"ecodkq"fgn"rguq" Eqnqodkcpq∋!Η,−
___∋4%∃9,(∋/)⊥∋−)∴,Ρ∴Ρ,9#,Ρ:,Ρ+%Ω#Ρ+#−%Ρ∴Ρ,,θ+Ρθ+93∋Υ+3
Ε∋! .%∃−)!Ω,!∗%!Η,(Π4∗#−%∋!Ψ=>8=Ζ∋!Vcucu"fg"eqnqecek„p0"Η,−∋
−)∴,Ρ∴Ρ,9#,Ρ:,Ρ+%Ω#Ρ+#−%Ρ∴Ρ,,θ+%Ρθ#∃+,9ι∋Υ+3
≅∋! .%∃−)!Ω,!∗%!Η,(Π4∗#−%∋!Ψ=>8=Ζ∋!ìpfkegu"fgn"ogtecfq"dwtuƒvkn"Eqnqodkcpq0!Η,− %Ω) !Ω,!Υ ++(Χ ∴∴
___∋4%∃9,(∋/)⊥∋−)∴,Ρ∴Ρ,9#,Ρ:,Ρ+%Ω#Ρ+#−%Ρ∴Ρ,,θ3θ4<9Ρ%+#∗∋Υ+3
β∋! .%∃−)∗)34#%∋!Ψ=>8=Ζ∋!Η∋5,%#5&∗! ϑ>7∋!Η,− Υ++(Χ∴∴#∃⊥,Ρ+#/%−#)∃,Ρ∋4%∃−)∗)34#%∋
−)3∴Α∃⊥∆−)∃)3#−%Ρ∴Υ)3,∴Υ)3,#∃χ)∋%Ρ(Ξ
8>∋! 203%9%!Ω,!2)3,9−#)!Ω,!ς,9,#9%∋!Ψ=>8=Ζ∋!Kpxguvkicekqpgu"uqekqgeqp„okecu∋!Η,−
___∋−%3%9%(,9,#9%∋)9/∋−)∴,Ρ∴#(%/#∃%Ρ∴⊥,9∴ϕΦ=Ε∴=8∴#∃⊥,Ρ+#/%−#)∃,ΡθΡ)−#),−)∃)3#−%Ρ∴
88∋! 2,∃+9)!Ω,!∆Ρ+ Η,/#)∃%∗,Ρ!2%χ,+,9)Ρ!Τ! ∆3(9,Ρ%9#%∗,Ρ∋!Ψ=>8=Ζ∋!ϑ∃0#∗∗&−−&! ∗∃+,&∋#−∋!Η,:
−Ξ∋(Υ(∴#∃⊥,Ρ+#/%−#)∃,Ρ∴Ω,Ρ%99)∗∗):9,/#)∃%∗
8=∋! Ι,(%9+%3,∃+)!7%−#)∃%∗! Ω,! ,Ρ+%Ω]Ρ+#−%∋! Ψ=>8=Ζ∋! Kphqtog" fg" eq{wpvwtc"geqp„okec"tgikqpcn0"
Tgewrgtcfq"fgjvvr<11yyy0fcpg0iqx0eq1Þngu1kegt142331tkuctcnfcakegtaa330rfh
8Φ∋! Β8=Ζ∋! Guvcfqu" Þpcpekgtqu∋!Η,−
uwrgtuqekgfcfgu0iqx0eq1uu1ftxkucrk0fnnAOKxcn?uge(fkt?688
6∀(2∗14/,,48,Ν#Ο
8?∋! Ukffkswc."L0"{"Jquucp."V0"*4234+0"Ecuj"àqy"uvcvgogpv"fkuenquwtgu"kp"rjctocegwvkecn"eqorc:
∃#,ΡΧ!.%∃/∗%Ω,ΡΥ!(,9Ρ(,−+#⊥,∋!CUC"Wpkxgtukv{"Tgxkgy1!8Ψ=Ζ1!>8∋!Η,−
%Ρ%<4∋,Ω
Tgxkuvcu"ekgpvÞecu
8ι∋! Cpvjqp{."J0"{"Ecvcpcej."Lt0"*4222+0"Cp"gorktkecn"uvwf{"qh"qrgtcvkpi"ecuj"àqy"wughwnpguu"kp"
rtgfkevkpi"ucxkpiu"cpf"nqcp"Þpcpekcn"fkuvtguu0":5=#∋%∃0!,∋!:%%&/∋1,∋+.!8Ε1!8:Φ>∋
86∋! ϑ+_))Ω1!Κ∋!Σ∋1!Ι9%δ,1!Ο∋Β∋1!ΟΤ,9Ρ1!Σ∋!7∋!Τ!ΟΤ,9Ρ1!Μ∋ϑ∋!Ψ=>88Ζ∋!Ι)!,%9∃#∃/Ρ!9,()9+,Ω!
KHTU"vgnn" wu"oqtg"cdqwv" hwvwtg"gctpkpiu" cpf"ecuj"àqyuA" Lqwtpcn"qh" Ceeqwpvkpi"cpf"Rwdnke"
4&−,%91!Φ>1!8>Φ:8=8∋
8Ε∋! .%Ω,9+Ρ−Υ,91!.∋1!2)∗∗#∃Ρ1!Ι∋!τ∋!Τ!ΜΤΡ1!Κ∋!Ψ=>8=Ζ∋Ι#Ρ−9,+#)∃%9Τ! %−−)
rtgfkevkxg"cdknkv{"qh"ceetwcnu" ykvj"tgurgev"vq"hwvwtg"ecuj" àqyu0"Lqwtpcn"qh"Ceeqwpvkpi"cpf"
∆−)∃)3#−Ρ1!ιΦ1!ΦΦ>:Φι=∋
8≅∋! .%δ,91!2∋Η∋!Ψ=>8?Ζ∋!Eqoogpvct{" qp"Ñvtgpfu" kp"uvcvkecnn{"dcugf" swctvgtn{"ecuj/àqy"rtgfkevkqp"
(&5∃−0≅!:%%&/∋1,∋+!∆&∗/(≅!Α∃!(9,ΡΡ1!−)99,−+,Ω!(9)χχ∋
8β∋! Fghqpf."O0"{"Jwpi."O0"*4225+0Cp"gorktkecn"cpcn{uku"qh"cpcn{uvÔu"ecuj"àqy"hqtgecuvu0"Lqwtpcn"
&∆!#%%&/∋1,∋+!#∋5!∃%&∋&(,%01!Φι1!ΕΦ:8>>∋
=>∋! ∀%9ΡΥ%Ωχ%91!Β∋!Τ!Ο)∃,31!Η∋!Ψ=>8ΦΖ∋!∀<9+Υ,9!,⊥#Ω,∃−,!)∃! +Υ,!
ecuj"àqy"eqorqpgpvu"hqt"hqtgecuvkpi"hwvwtg"ecuj"àqy0"Vjg"Kpvgtpcvkqpcn"Lqwtpcn"Ceeqwpvkpi1!
?≅1!888:8ΦΦ∋
ΣΠΖ
!∀#∃#%&∋()∗∀+&∋,−)#&.∋/001∋223456736.∋8)∗&∋6.∋1)&∋9.∋,#,:)∋5∋;
>?∀−∀≅#∋>Α(,−∀∃∗∋5∋>−)#)ΒΧ∃∋∆,Ε∀)#∃∗
!∀#∃%&∋()∗+∀∃∗,()−.,#∀∃(/∃%∀−
=8∋! ∀9%∃−#Ρ1!7∋!Τ!∆%Ρ)∃1!ς∋!Ψ=>8=Ζ∋!ϑ−−9∃%⊥,!)
ecuj"àqy0":5=#∋%∃0!,∋!:%%&/∋1,∋+1!=≅1!==6:=Φ?∋
==∋! Μ,/)9#%1!Σ∋!Τ!Β,∗∗,9Ρ1!ψ∋!Ψ=>>ιΖ∋!ΚΥ,!%∃%∗ΤΡ#Ρ!)χ!Β∀ϑΒ8>β!#∃!(9,Ω#−+#∃/!χ−%ΡΥ!
àqyu"htqo"c"eqpegrvwcn"htcogyqtm"rgturgevkxg0"8∃0∃#∗%?!,∋!:%%&/∋ 1,∋+!8∃+/−#1,&∋. !8≅1!8?Φ:868∋!
=Φ∋! Nqtgm." M0U0" *4235+0" Vtgpfu"kp" uvcvkuvkecnn{" dc ugf" swctvgtn{" ecuj" àqy" rtgfkevkqp" oqfgnu0"
:%%&/∋1,∋+!7&∗/(∋!2)∗∗,/,!)χ!.∋
=?∋! Μ)9,δ1!ψ∋!Τ!τ#∗∗#∃/,91!ϕ∋!Ψ=>8>Ζ∋!Κ#3,!Ρ,9#,Ρ!⊥,9Ρ−9)ΡΡ:Ρ,−+#)∃%∗∗Τ!Ω,9#⊥,Ω!(9,Ω#−+#)∃Ρ!)χ!
hwvwtg"ecuj"àqyu0":5=#∋%∃0!,∋!:%%&/∋1,∋+1!=61!=β:Φ6∋
=ι∋! Nwq."O0"*422:+0"Wpwuwcn"qrgtcvkpi"ecuj"àqyu"cpf"uvqem"tgvwtpu0"Lqwtpcn"&∆!:%%&/∋1,∋+!#∋5!
Rwdnke"Rqnke{1!=61!?=>:?=β∋
=6∋! Okp/[cp."E0"{"Cpftgcu."H0X0"*4233+0"Gxqnwvkqpct{"hw¦¦{"fgekukqp"oqfgn"hqt"ecuj"àqy"rtgfkevkqp"
3%−Υ#∃,Ρ∋!Kpvgtpcvkqpcn"Lqwtpcn"qh"Rtq{gev"Ocpcigogpv1!
=β1!ι6:6ι∋
=Ε∋! Pkmmkkpgp."L0" {" Ucjnuvtqo." R0" *4226+0" Korcev" qh" cp" ceeqwpvkpi" gpxktqogpv" qp" ecuj" àqy"
(9,Ω#−+#)∃∋!Lqwtpcn"qh"Kpvgtpcvkqpcn"Ceeqwpvkpi."Cwfkvkpi"cpf"Vczcvkqp1!8Φ1!Φβ:ι=∋
=≅∋! Ycpi."[0."Lk."[0."Ejgp."Z0"{"Uqpi."E0" *4236+0"Kpàcvkqp."qrgtcvkpi"e{eng" cpf"ecuj"jqnfkpiu0"
Ejkpc"Lqwtpcn"qh"Ceeqwpvkpi"Tgugctej∋!Α∃!(9,ΡΡ1!−)99,−+,Ω!(9))χ∋
Para continuar leyendo
Solicita tu prueba