673___Sample_final

673___Sample_final - % !<B@=2C1B7=< B= [email protected]/B7D3A !...

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Unformatted text preview: % !<B@=2C1B7=< B= [email protected]/B7D3A ! " ( [email protected] %/;3 $%#&%! $ *67A 3F/; 1=<B/7<A >/53A >@7<B32 =< =<3 A723 =<:G /<2 >@=0:3;A ':3/A3 16319 <=E B6/B G=C 6/D3 / 1=;>:3B3 3F/; !4 <=B /A9 4=@ /<=B63@ 1=>G *67A 3F/; 7A 1:=A32 0==9A 1:=A32 <=B3A =E3D3@ G=C 1/< 6/D3 / A7<5:3 >/53 =4 4=@;C:/A 0CB E7B6 <= @35C:/@ B3FB =< 7B .=C 1/< CA3 / 1/:1C:/B=@ .=C@ /<[email protected] A6=C:2 03 /A 1:3/@ 1=;>:3B3 /<2 1=<17A3 /A >=AA70:3 [email protected] B= 3:7;7</B3 /<G /;075C7BG 7< G=C@ /<[email protected] ,@7B3 :3570:G E3 E7:: 75<[email protected] /<[email protected] B6/B 1/< <=B 03 @3/A=</0:G 2317>[email protected] !4 G=C 16/<53 G=C@ ;7<2 /0=CB /< /<AE3@ ;/93 [email protected] G=C 1@=AA =CB B63 >[email protected] B6/B G=C 2= <=B E/<B CA B= 1=<A723@ = <=B >@=D723 ;[email protected] B6/< =<3 /<AE3@ B= /<G ?C3AB7=< !4 G=C 2= E3 E7:: @/<2=;:G 16==A3 =<3 [email protected]=< =4 B63 /<AE3@ B= 5@/23 /<2 E3 E7:: 75<[email protected] /:: B63 [email protected] <C;[email protected]/: /<AE3@ 0G 7BA3:4 E7:: <=B 03 [email protected] ;C16 C<:3AA G=C A6=E 7< 23B/7: 6=E G=C 1=;>CB32 7B .=C ;CAB >@=D723 B63 C<23@:G7<5 4=@;C:/ A 4=@ /<G 1=;>CB/B7=< B6/B G=C >[email protected]=@; /<2 A6=E 6=E B63 [email protected]=CA <C;[email protected]/: ?C/<B7B73A [email protected] >:C5532 7<B= B63 4=@;C:/ B= >@=2C13 B63 I</: @3AC:B =<[email protected]:G 74 G=C ;/93 / ;7AB/93 /B /< 7<B3@;327/B3 AB3> 0CB G=C A6=E G=C@ [email protected] E3 E7:: 03 /0:3 B= 4=::=E G=C@ @3/A=<7<5 /<2 >@=D723 G=C E7B6 >[email protected]/: [email protected] 0G >3</:7H7<5 G=C 4=@ B63 7<7B7/: ;7AB/93 =<:G /<2 <=B /:A= 4=@ 7BA 1=<A3?C3<13A !4 G=C <332 B= ;/93 /AAC;>B7=<A 03G=<2 B6=A3 >@=D7232 7< B63 >@=0:3;A 433: [email protected] B= 2= A= 0CB AB/B3 B6/B G=C @3:G =< AC16 /AAC;>B7=<A >@=D723 B63; 3F>:717B:G /<2 1:3/@:G 3F>:/7< E6G G=C <33232 B63; .=C [email protected] <=B /::=E32 B= 1==>3@/B3 E7B6 /<G0=2G 3:A3 =< B67A 3F/; :: [email protected] AC0;7BB32 ;CAB 03 3F1:CA7D3:G [email protected] = <=B >@=D723 /<G 97<2 =4 /AA7AB/<13 B= /<G0=2G 3:A3 .=C 6/D3 ;7<CB3A B= [email protected] =< B63 3F/; ':3/A3 >:/< B= I<7A6 =< B7;3 $$&"%! $ ,63< />>@=/167<5 B63 >@=0:3;A 03:=E 433: [email protected] B= /AAC;3 B63 4=::=E7<5 !<[email protected] @/B3A [email protected] >=A7B7D3 [email protected] [email protected] <= B@/<A/1B7=<A 1=ABA <=@ B/F3A !< /227B7=< =<3 1/< B@/23 :3<2 =@ 0=@@=E C<:7;7B32 /;=C<BA =4 /<G 7<[email protected];3<B 7<1:C27<5 1/A6 %37B63@ 7<[email protected] @/B3A <=@ >@713A E7:: 16/<53 /A / @3AC:B =4 B@/27<5 :3<27<5 =@ 0=@@=E7<5 0G /<G =<3 7<27D72C/: @/1B7=</: B@/27<5 :3<27<5 =@ 0=@@=E7<5 7A >=AA70:3 [email protected] [email protected] <= [email protected]@/53 =>>[email protected]<7B73A !! & #& $ &$%! $ ! %$ <AE3@ /:: B63 ?C3AB7=<A 03:=E 0G A7;>:G AB/B7<5 E63B63@ B63G [email protected] *(+ =4 #) / [email protected]/B7D3A [email protected] I</<17/: 7<[email protected];3<BA E6=A3 D/:C3 23>3<2A =< B63 D/:C3 =4 /< C<23@:G7<5 1=;;=27BG /:A3 [email protected]/B7D3A [email protected] I</<17/: 7<[email protected];3<B E6=A3 D/:C3 23>3<2A =< B63 D/:C3 A=;3 C<23@:G7<5 /AA3B *63 C<23@:G7<5 /AA3B 1=C:2 03 / 1=;;=27BG 0CB 7B 1=C:2 /:A= 03 / I</<17/: /AA3B A/G / AB=19 =@ 3D3< /<=B63@ [email protected]/B7D3 7< B63 1/A3 =4 =>B7=<A =< [email protected] 4=@ 3F/;>:3 0 =<A723@ / [email protected][email protected] 1=<B@/1B 7<7B7/B32 /B B7;3 E7B6 3F>7@/B7=< /<2 E7B6 [email protected][email protected] >@713 [email protected]< =< /< C<23@:G7<5 <=< 27D723<2 >/G7<5 AB=19 B B7;3 4=@ AB=19 >@713A B63 >/G=L =4 B63 :=<5 [email protected][email protected] 1=<B@/1B 7A B63 A/;3 /A B63 >/G=L =4 / :=<5 C@=>3/< 1/:: [email protected]< =< E6716 /:A= 3F>[email protected] /B B7;3 /:A3 !4 E3 [email protected] 57D3< B6/B B63< B63 AB/B3;3<B E=C:2 03 [email protected] !< 7BA 4C:: 53<3@/:7BG 6=E3D3@ E63< 7A <=B A>317I32 B63 AB/B3;3<B 7A <=B [email protected] 1 =<A723@ BE= [email protected] 1=<B@/1BA E7B6 B63 A/;3 3F>7@/B7=< [email protected]< =< B63 A/;3 C<23@:G7<5 AAC;3 B6/B =<3 1=<B@/1B E/A 7<7B7/B32 /B B7;3 B63 =B63@ /B B7;3 AAC;3 B6/B E3 [email protected] /4B3@ B63 3<2 =4 B@/27<5 =< 2/B3 /<2 B6/B ;[email protected]< /11=C<BA 6/D3 033< A3BB:32 4=@ B63 2/G #3B /<2 :3B 03 B63 B7;3 [email protected] >@713 =4 B63 1=<B@/1B 7<7B7/B32 /B B7;3 23I<3 /</:=5=CA:G ,3 ;CAB 6/D3 B6/B [email protected] *63 [email protected] >@713 =4 [email protected] 1=<B@/1B 7A @3A3B B= B63 A3BB:3;3<B >@713 /B B63 3<2 =4 3/16 B@/27<5 2/G E63< ;[email protected]< /11=C<BA [email protected] /28CAB32 3<13 [email protected] [email protected] <= =:2 /<2 <3E [email protected] >@713A B63G [email protected] /:: B63 A/;3 =<13 A3BB:3;3<B =11C@@32 2 &<3 ;/7< 5=/: 4=@ =<3 B= 3<B3@ 7<B= / [email protected] [email protected][email protected] 1=<B@/1B 7A B= 5C/@/<B33 B63 A/:3 >@713 =4 B63 C<23@:G7<5 [email protected] &<13 =<3 6=:2A / [email protected] [email protected][email protected] =<3 7A 5C/@/<B332 B= A3:: B63 C<23@:G7<5 4=@ B63 [email protected][email protected] >@713 A>317I32 7< B63 1=<B@/1B /A 0=B6 >[email protected] [email protected] =0:75/B32 B= >[email protected]=@; A CAC/: E3 75<[email protected] B63 >=AA707:7BG =4 234/C:B 3 >[email protected]=:7= 1=<A7ABA =4 / :=<5 C@=>3/< 1/:: /<2 / [email protected] C@=>3/< >CB 0=B6 E7B6 B63 A/;3 3F>7@/B7=< 2/B3 /<2 [email protected] >@713 =:27<5 B67A >[email protected]=:7= 7A 3?C7D/:3<B B= 6=:27<5 B63 C<23@:G7<5 *63 AB/B3;3<B /0=D3 1:/7;A B6/B =E3D3@ B63 >CB 1/:: >[email protected] /B 3F>7@/B7=< 1:3/@:G AB/B3A B6/B A= B63 1:/7; 1/< <=B 03 [email protected] %=B3 &<3 1=C:2 /:A= @3/A=< /0=CB B67A AB/B3;3<B 5@/>671/::G @/E B63 >/G=L =4 B63 :=<5 >CB /<2 [email protected] 1/:: /B 3F>7@/B7=< /<2 1=;>[email protected] 7B /5/7<AB B63 [email protected]/: >/G=L =4 6=:27<5 B63 AB=19 .=C E7:: <=B3 B6/B B63 AB=19KA >/G=L 7A /:E/GA C<7BA /0=D3 B6/B =4 B63 >[email protected]=:7= %# " )$ "! %$ =<A723@ /< =CBAB/<27<5 [email protected]/AC@G 0=<2 E7B6 B6@33 :34B=D3@ 1=C>=< >/G;3<BA /B /<2 G3/@A E7B6 / G3/@:G 1=C>=< =4 >/72 A3;7 /<<C/::G /<2 / >@713 =4 >3@ 4/13 D/:C3 >@7<17>/: / ,6/B E=C:2 6/>>3< E7B6 B63 >@713 =4 B67A 7<AB@C;3<B 74 B63 53<3@/: :3D3: =4 7<B3@3AB @/B3A 7<1@3/A32 *63 0=<2 7A @3/::G / >/19/53 =4 B6@33 @7A9 :3AA 13@B/7< 1/A6 J=EA 74 7<B3@3AB @/B3A 7<1@3/A3 B63 >@3A3<B D/:C3 =4 3/16 1/A6 J=E 231@3/A3A 63<13 B63 D/:C3 =4 B63 0=<2 /:A= 231@3/A3A 0 ,6/B /@3 B63 1/A6 J=EA B6/B /@3 :34B 7< B63 :743 =4 B63 0=<2 *63@3 /@3 B6@33 1=C>=< >/G;3<BA 2C3 /B G3/@A 4@=; <=E =< B63 :/AB 1=C>=< 2/B3 B63 >@7<17>/: 7A /:A= @3BC@<32 *63 1=C>=< @/B3 E3 E3@3 57D3< 7A / G3/@:G 1=C>=< >/72 A3;7 /<<C/::G 63<13 3/16 1=C>=< >/G;3<B E7:: 03 *63 B6@33 1/A6 J=EA /@3 /B B7;3 G3/@A /B B7;3 G3/@ /B G3/@A %=B3 &<3 1=C:2 6/D3 B@3/B32 B63 1/A6 J=E /A BE= 1/A6 J=EA *6/B E=C:2 03 /113>B/0:3 /A :=<5 /A B63 B7;7<5 =4 B63 BE= 1/A6 J=E 1=;>=<3<BA E=C:2 AB7:: 03 B63 A/;3 /<2 3?C/: B= 1 AAC;3 B6/B B63 D/:C3 =4 B63 0=<2 B=2/G ,6/B 7A 2 *63 1=<B7<C=CA:G 1=;>=C<232 G73:2 =4 B67A 7<AB@C;3<B 7A 7< B63 7<B3@D/: '@=D723 / A7<5:3 D/:C3 <=B /< 7<B3@D/: =4 B63 1=<B7<C=CA:G 1=;>=C<232 G73:2 B6/B 7A 5C/@/<B332 B= 03 B6/< /E/G 4@=; B63 B@C3 G73:2 @73JG 3F>:/7< G=C@ :=571 /<2 A6=E /:: G=C@ 1=;>CB/B7=<A =::=E7<5 B63 6/<2=CB B7B:32 =<2A /<2 )E/>A E3 23I<3 B63 ?C/<B7BG E63@3 7A B63 G73:2 =4 B63 0=<2 /<2 7A B63 ;/@93B >@713 =4 B63 0=<2 &C@ 5=/: 7A B= I<2 A= B6/B =@ D3@G 1:=A3 B= 7B ,3 2= B67A 0G B63 ;3B6=2 =4 AC113AA7D3 />>@=F7;/B7=<A /A A6=E< 7< B63 6/<2=CB ,3 /@3 B=:2 B6/B B63 G73:2 7A 03BE33< /<2 73 03BE33< /<2 ,3 B@G B63 ;722:3 =4 B63 7<B3@D/: 11=@27<5 B= B63 @C:3 7< B63 6/<2=CB A7<13 B63 G73:2 E3 B@732 7A B== :=E )= <=E E3 9<=E B6/B B63 G73:2 7A 03BE33< /<2 :3B CA B@G B63 ;72 >=7<B /5/7< 73 ,3 53B 11=@27<5 B= B63 6/<2=CB 74 B63< 7A B== 6756 4=@ B63 G73:2 ,3 <=E 9<=E B6/B B63 G73:2 7A 67563@ B6/< 0CB C<23@ ,3 B/93 %=B3 B6/B B67A ;72>=7<B B63 ;72>=7<B 7A E7B67< / ?C/@B3@ >3@13<B 0/A7A >=7<BA =4 3D3@G D/:C3 03BE33< /<2 /<2 E3 9<=E B6/B B63 G73:2 ;CAB 03 03BE33< B63A3 BE= D/:C3A )= / 5==2 3<=C56 />>@=F7;/B7=< =4 B63 G73:2 7A /<2 E3 2= <=B 3D3< <332 B= 1=;>CB3 4=@ B67A D/:C3 "%! )!*$ "! %$ AB@/22:3 7A / >=@B4=:7= 1=<A7AB7<5 =4 =<3 >CB /<2 =<3 1/:: =< B63 A/;3 C<23@:G7<5 AB=19 6/D7<5 B63 A/;3 AB@793 >@713 /<2 B63 A/;3 3F>7@/B7=< 2/B3 AB@/<5:3 7A / >=@B4=:7= 1=<A7AB7<5 =4 =<3 >CB E7B6 AB@793 >@713 /<2 =<3 1/:: E7B6 AB@793 >@713 .=C 1/< /AAC;3 B6/B AAC;3 B6/B /:: =>B7=<A /@3 C@=>3/< /<2 B6/B B63G /:: 3F>7@3 /B B63 A/;3 B7;3 C@B63@ /AAC;3 B6/B B63 C<23@:G7<5 2=3A <=B >/G /<G 27D723<2A / @/E B63 /B 3F>7@/B7=< >/G=L 27/5@/; =4 option value K K1 K1 K K2 share price (S) 0 @/E B63 /B 3F>7@/B7=< >/G=L 27/5@/; =4 option value K K share price (S) 1 AAC;7<5 B6/B 3AB/0:7A6 B63 >@713 7<B3@D/:A 74 /<G E63@3 7A ;=@3 3F>3<A7D3 B6/< :A= 3AB/0:7A6 B63 AC07<B3@D/:A 74 /<G E63@3 7A :3AA 3F>3<A7D3 B6/< /@34C::G 3F>:/7< G=C@ /<AE3@ option value K K1 K1 K K2 share price (S) %=B3 B6/B B63 >/G=L =4 B63 AB@/22:3 7A /:E/GA /0=D3 B63 >/G=L =4 B63 AB@/55:3 73 B63 AB@/22:3 /:E/GA >/GA ;=@3 B6/< B63 AB@/55:3 3<13 /B /<G ;=;3<B =4 B7;3 /B 3F>7@/B7=< =@ 034=@3 B63 >@713 =4 B63 AB@/22:3 ;CAB 03 5@3/B3@ B6/B B63 >@713 =4 B63 AB@/55:3 &B63@E7A3 E3 E=C:2 6/D3 /@07B@/53 1/< G=C >@=D3 7B 2 C7:2 / >=@B4=:7= B6/B 2=3A <=B 1=<B/7< 1/::A A= B6/B B63 >=@B4=:7=KA >/G=LA /@3 723<B71/: B= B63 >/G=L =4 33: 4@33 B= CA3 /<G =B63@ 7<AB@C;3<BA 27A1CAA32 7< 1:/AA 7< G=C@ >=@B4=:7= )>3174G B63 D/:C3 =4 B63 >=@B4=:7= /B B7;3 E63@3 7A B63 3F>7@/B7=< =4 B63 AB@/<5:3 '@=D3 B6/B G=C@ >=@B4=:7= 6/A B63 @3?C7@32 >@=>3@B73A *67A 7A / >@=0:3; 3/A7:G A=:D32 CA7<5 B63 >CB 1/:: >/@7BG G 23I<7B7=< =4 B63 AB@/55:3 E3 6/D3 B6/B ,3 9<=E 4@=; B63 >CB 1/:: >/@7BG /B B7;3 034=@3 3F>7@/B7=< B6/B @=; 63@3 E3 1/< 3F>@3AA (3>:/17<5 B63 3F>@3AA7=< 4=@ 7< B63 3F>@3AA7=< 4=@ B63 AB@/55:3 E3 53B B6/B !< =B63@ E=@2A B63 AB@/55:3 7A 1=;>=A32 =4 / >CB E7B6 AB@793 >@713 / >CB E7B6 AB@793 >@713 B63 C<23@:G7<5 /<2 / :=/< =4 B63 :=/< /;=C<B 7A 16=A3< A= B6/B E63< B63 :=/< 7A @3>/72 B63 @3>/G;3<B E7:: 03 !#'#$ ! %$ =<3 G3/@ :=<5 4=@E/@2 1=<B@/1B =< / AB=19 B6/B 2=3A <=B >/G 27D723<2A 7A 3<B3@32 7<B= E63< B63 AB=19 >@713 7A /<2 B63 @7A9 4@33 @/B3 =4 7<B3@3AB 7A >3@ /<<C; E7B6 1=<B7<C=CA 1=;>=C<27<5 / ,6/B 7A B63 7<7B7/: D/:C3 =4 B63 4=@E/@2 1=<B@/1B +<:3AA A>317I1/::G AB/B32 =B63@E7A3 B63 D/:C3 =4 / 4=@E/@2 1=<B@/1B /B 7<13>B7=< 7A /:E/GA A3B B= 0 ,6/B A6=C:2 03 B63 4=@E/@2 >@713 E@7BB3< 7<B= B63 1=<B@/1B +A7<5 B63 23I<7B7=< =4 B63 1=<B7<C=CA:G 1=;>=C<232 7<B3@3AB @/B3 E3 6/D3 B6/B G3/@ 1 "!#% % !% .=C A6=C:2 <=B 7<1:C23 B67A >/@B 7< B63 :3<5B6 =4 B63 A/;>:3 3F/; %=BE7B6AB/<27<5 E3 A6=E B67A AC0>@=0:3; 63@3 031/CA3 /@07B@/57<5 ;7A>@717<5A 7A =<3 =4 B63 1@7B71/: A97::A B6/B G=C A6=C:2 /1?C7@3 7< B63 1=C@A3 "CAB 4=@ B63 A/93 =4 B67A >=7<B /AAC;3 B6/B B63 4=@E/@2 >@713 G=C =0A3@D3 7< B63 ;/@93B 7A E67:3 B63 B63=@3B71/: 4=@E/@2 >@713 7A 3A75< / AB@/B35G B= ;/93 ;=<3G 0/A32 =< B67A 27A1@3>/<1G <G B@/27<5 AB@/B35G B6/B E3 CA32 B= 1=;>CB3 B63 >@713 =4 /< 7<AB@C;3<B 1/< 03 CA32 4=@ /@07B@/57<5 74 B63 =0A3@D32 >@713 =4 B63 >@7132 7<AB@C;3<B 2=3A <=B ;/B16 B63 B63=@3B71/: >@713 !< 3L31B E63<3D3@ E3 1=;>CB32 B63 >@713 =4 /< 7<AB@C;3<B E3 /:A= 4=C<2 / ;3B6=2 B= AG<B63B71/::G 1@3/B3 B63 @3A>31B7D3 7<AB@C;3<B 4@=; B63 =B63@ 7<AB@C;3<BA B6/B /@3 >/@B =4 B63 AB@/B35G ,3 AB/B32 B67A @3>3/B32:G /<2 E3 A6=E /<=B63@ 3F/;>:3 03:=E !4 E3 /@3 :=<5 7< B63 4=@E/@2 E3 >/G B63 4=@E/@2 >@713 4=@ B63 A6/@3 E3 /1?C7@3 *63 =0A3@D32 ;/@93B 4=@E/@2 >@713 7A B== 6756 63<13 E3 E=C:2 >/G B== ;C16 4=@ =C@ A6/@3 *67A ;3/<A B6/B E3 2= <=B E/<B B= B/93 / :=<5 >=A7B7=< E3 E7:: A6=@B B63 4=@E/@2 &<13 E3 1=<1:C23 B67A /:: E3 <332 7A B= A3B C> / AB@/B35G A= B6/B E3 1/<13: B63 C<13@B/7< 1=;>=<3<BA =4 B63 1/A6 J=E /B B63 4=@E/@2KA 3F>7@/B7=< 63@3 E3 CA3 B= 23<=B3 B63 =0A3@D32 4=@E/@2 >@713 /<2 B= 23<=B3 B63 B63=@3B71/: 4=@E/@2 >@713 1B7=< *7;3 )6=@B 4=@E/@2 CG A6/@3 =@@=E B= I</<13 0CG7<5 *=B/: B B7;3 E3 /@3 5C/@/<B332 B= 1/A6 7< *7;3 <AE3@ B63 ?C3AB7=<A 03:=E /AAC;7<5 B6/B A7F ;=<B6A 6/D3 >/AA32 B6/B B63 1C@@3<B >@713 =4 B63 AB=19 7A /<2 B6/B B63 @7A9 4@33 7<B3@3AB @/B3 7A AB7:: =<A723@ B63 A/;3 4=@E/@2 1=<B@/1B /A /0=D3 /<2 /<AE3@ B63 4=::=E7<5 ?C3AB7=<A 1 ,6/B 7A B63 4=@E/@2 >@713 E@7BB3< 7<B= B63 1=<B@/1B *63 >@713 E@7BB3< 7<B= B63 4=@E/@2 @/B3 1=<B@/1B 2=3A <=B 16/<53 E7B6 B63 >/AA7<5 =4 B7;3 /A =>>=A32 B= 4CBC@3A E63@3 B63 >@713A /@3 @3A3B 3D3@G 2/G /4B3@ B63 3<2 =4 B@/27<5 )= B63 >@713 E@7BB3< 7<B= B63 1=<B@/1B 7A AB7:: 2 ,6/B 7A B63 D/:C3 =4 B63 4=@E/@2 1=<B@/1B ,3 1/< 1=;>CB3 B63 D/:C3 =4 / H3@= 1=C>=< 0=<2 B= 03 G3/@ G3/@A 4=@ / :=<5 >=A7B7=< '"$ ! %$ I</<17/: 7<AB7BCB7=< 6/A 3<B3@32 7<B= /< 7<B3@3AB @/B3 AE/> E7B6 1=;>/<G - +<23@ B63 B3@;A =4 B63 AE/> - @3137D3A 7<B3@3AB /B >3@ /<<C; /<2 >/GA ;=<B6 #70=@ =< / >@7<17>/: =4 ;7::7=< 4=@ G3/@A '/G;3<BA /@3 ;/23 3D3@G ;=<B6A )C>>=A3 B6/B 1=;>/<G - 234/C:BA =< B63 A7FB6 >/G;3<B 2/B3 3<2 =4 G3/@ 8CAB 034=@3 B63 >/G;3<B 7A ;/23 E63< B63 7<B3@3AB @/B3 E7B6 A3;7/<<C/: 1=;>=C<27<5 7A >3@ /<<C; 4=@ /:: ;/BC@7B73A AAC;3 B6/B ;=<B6 #70=@ E/A >3@ G3/@ 6/:4E/G B6@=C56 G3/@ /:A= / ,6/B 7A B63 1=C>=< >/G;3<B B6/B - E/A AC>>=A32 B= ;/93 /B B63 3<2 =4 G3/@ *63 1=C>=< 7A 23B3@;7<32 /B B63 0357<<7<5 =4 3/16 1=C>=< >/G;3<B >3@7=2 ,3 E3@3 B=:2 B6/B 6/:4E/G B6@=C56 G3/@ B63 ;=<B6 #70=@ E/A >3@ G3/@ A= B63 1=C>=< >/G;3<B 4=@ - 2C3 /B B63 3<2 =4 G3/@ E/A 0 +A7<5 /A G=C@ @343@3<13 B63 3<2 =4 B63 B67@2 G3/@ <=E G3/@A 4@=; B63 7<13>B7=< =4 B63 AE/> >@=D723 B63 B7;3A =4 B63 >/G;3<BA B6/B E7:: <=B =11C@ 2C3 B= B63 234/C:B /A E3:: /A B63 *@3/AC@G 0/A32 H3@= 1=C>=< 0=<2 >@713A /AA=17/B32 E7B6 B63A3 B7;3A #3B CA A3B B= 03 /B B63 3<2 =4 B63 B67@2 G3/@ E3 1=C:2 6/D3 CA32 /:: B6/B ;/BB3@A 7A B6/B G=C 1:3/@:G AB/B3 E6/B G=C@ B7;3 @343@3<13 7A ,3 >@=D723 B63 B7;3A /<2 1=@@3A>=<27<5 *@3/AC@G 0/A32 H3@= 1=C>=< 0=<2 @/B3A 03:=E *7;3 1 ,6/B 7A B63 D/:C3 =4 B63 IF32 A723 =4 B63 AE/> /B B63 3<2 =4 G3/@ 75<=@7<5 B63 1=C>=< >/G;3<B 2C3 /B B6/B 2/B3 *63 1=C>=< >/G;3<B =< B63 IF32 A723 7A *63@3 /@3 4=C@ 1=C>=< >/G;3<BA :34B 3/16 A7F ;=<B6A />/@B *63 D/:C3 =4 B63 IF32 A723 7A 8CAB B63 AC; =4 B637@ >@3A3<B D/:C3A E3 4/1B=@ =CB B63 1=C>=< >/G;3<B A33 B63 6/<2=CB =< =<2A /<2 )E/>A 2 ,6/B 7A B63 D/:C3 =4 B63 J=/B7<5 A723 =4 B63 AE/> /B B63 3<2 =4 G3/@ 75<=@7<5 B63 1=C>=< >/G;3<B 2C3 /B B6/B 2/B3 ,3 />>:G B63 4=@;C:/ 4=@ B63 J=/B7<5 A723 3 =E ;C16 2=3A B63 I</<17/: 7<AB7BCB7=< :=A3 2C3 B= B63 234/C:B =4 - $/93 AC@3 B6/B G=C 1/@34C::G /11=C<B 4=@ B63 1/A6 J=EA /B B63 3<2 =4 B63 B67@2 G3/@ *63 I</<17/: 7<AB7BCB7=< @3137D3A J=/B7<5 63<13 7B D/:C3A B63 AE/> /4B3@ B63 1=C>=< >/G;3<BA /B B63 3<2 =4 B63 B67@2 G3/@ 6/D3 =11C@@32 /B CB B67A 7A <=B /:: /A E3 <332 B= /11=C<B 4=@ B63 >/G;3<BA /B B63 3<2 =4 B63 B67@2 G3/@ B B63 3<2 =4 B63 B67@2 G3/@ - A6=C:2 6/D3 >/72 E67:3 B63 I</<17/: 7<AB7BCB7=< A6=C:2 6/D3 >/72 =<:G )E/>A /@3 <3BB32 A= B63 I</<17/: 7<AB7BCB7=< E=C:2 6/D3 ;/23 <= >/G;3<B /<2 E=C:2 6/D3 @3137D32 A E3 E3@3 B=:2 B67A >/G;3<B E/A <=B ;/23 )= B63 B=B/: :=AA 4=@ B63 I</<17/: 7<AB7BCB7=< 7A ! 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This note was uploaded on 09/28/2008 for the course NBA 6730 taught by Professor Janosi,tibor during the Spring '06 term at Cornell.

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