Download as pdf or txt
Download as pdf or txt
You are on page 1of 16

2NWDWiVL+LYDWDO


6=$..g=e3,6.2/$
$]IRUGXOyIHODGDWDLQDNPHJROGiVD

 2OGMDPHJDYDOyVV]iPRNKDOPD]iQD
ORJ  [ [  ORJ  [  [ 

HJ\HQOHWHW


 0HJROGiV

$ORJDULWPXVpUWHOPH]pVHPLDWW [ !  pV  [ z  LOOHWYH  [  z  
DPHO\HNEĘO
 
[z LOOHWYH D] [ !  IHOWpWHOWLVILJ\HOHPEHYpYH  [ z 
 ˜ 
 N|YHWNH]LN SRQW 
ORJ D [
 $ ORJ E [  D]RQRVViJ DODSMiQ D]RQRV DODS~
ORJ D E
ORJDULWPXVRNNiDODNtWMXNDV]HUHSOĘPHQQ\LVpJHNHW
ORJ  [
ORJ  [ [ 
ORJ   [
LOOHWYH
ORJ  [
ORJ  [  [ 
ORJ   [ 
 DPHO\HNEĘODORJDULWPXVD]RQRVViJDLWDONDOPD]YD
ORJ  [
ORJ  [ [ 
  ORJ  [
YDODPLQW
ORJ  [
ORJ  [  [ 
   ˜ ORJ  [
N|YHWNH]LN
 SRQW 
 (]HNHW ILJ\HOHPEH YpYH pV D] \ ORJ  [  MHO|OpVW EHYH]HWYH D
NLLQGXOiVLHJ\HQOHWDN|YHWNH]ĘOHV]
\ \
             SRQW 
 \   \


  EHQDPĦYHOHWHNHWHOYpJH]YHD


\    \
      
  \ ˜    \
 

 HJ\HQOHWHWNDSMXN SRQW 

  DNNRUpVFVDNDNNRUWHOMHVOKDV]iPOiOyMD  pVQHYH]ĘMH z  

 
D]D]

     \    \   
DPLEĘO

    \   pV  \    SRQW 

(NNRU   \ ˜    \ z  YDJ\LVDQHYH]Ę z      SRQW 
+D \  D]D] ORJ  [  DNNRUDORJDULWPXVGHILQtFLyMDDODSMiQ
    [  
           SRQW 
 
+D \   D]D] ORJ  [  
 


DNNRU [   PiVDODNEDQ
 
[ 

 ˜ 
DGyGLN     SRQW 
 
(]HNDYDOyVV]iPRNIHOWpWHOHLQNQHN [ z  [ !   [ z 
 ˜ 
PHJIHOHOQHN WRYiEEi PLYHO iWDODNtWiVDLQN D IHOWpWHOHNQHN
PHJIHOHOĘ V]iPKDOPD]RQ HNYLYDOHQVHN YROWDN H]pUW YDOyEDQ
PHJROGiVDLD]HUHGHWLHJ\HQOHWQHN

7HKiWD]HJ\HQOHWPHJROGiVDL [  pV [    SRQW 
˜ 
         gVV]HVHQSRQW

 


 /HJ\HQHN [ pV \ RO\DQSR]LWtYHJpV]HNPHO\HNHOHJHWWHV]QHND

 \   [   

HJ\HQOHWQHN
0HQQ\L D] |VV]HV |VV]HWDUWR]y [  pV \  pUWpN V]RU]DWiQDN
OHJQDJ\REESUtPRV]WyMD"

 0HJROGiV

 $  \    [   HJ\HQOHWEDOROGDODV]RU]DWWiDODNtWKDWy

       \  [ ˜  \  [      SRQW 

$IHOWpWHOV]HULQW [ pV \ SR]LWtYHJpV]HNH]pUW
 \  [  1  
pV
 \  [  LV HJpV] V]iP GH PLYHO  
MREEROGDODSR]LWtYH]pUW
 \  [  1  
LVLJD]
WRYiEEiQ\LOYiQYDOyKRJ\
   \   [   \  [      SRQW 

 (]HNV]HULQWD  V]iPRWNpWSR]LWtYHJpV]V]iPV]RU]DWiUDNHOO
ERQWDQL
 $  SUtPWpQ\H]ĘVIHOERQWiVDDN|YHWNH]Ę

         ˜       SRQW 

)HQWL PHJiOODStWiVDLQNDW ILJ\HOHPEH YpYH   pV   PLDWW D
N|YHWNH]ĘHVHWHNOHKHWVpJHVHN
       \  [   pV  \  [  

       \  [   pV  \  [  
 
       \  [   pV  \  [    SRQW 

 


 $    pV  HJ\HQOHWUHQGV]HUHNN|]OFVDN  QHNYDQRO\DQ


 PHJROGiVDDKRO [ pV \ PLQGHJ\LNHSR]LWtYHJpV]WHKiWDNLWĦ]|WW
 HJ\HQOHWQHNHJ\HWOHQ|VV]HWDUWR]yV]iPSiUDPHJROGiVDPpJSHGLJ
[  pV \       SRQW 
 0LYHO [   ˜  pV \    ˜  ˜  H]pUWD]|VV]HWDUWR]y [ pV \ 
 pUWpNHNV]RU]DWD [ ˜ \   ˜   ˜  ˜  HQQHNDV]RU]DWQDNDOHJQDJ\REE
 SUtPRV]WyMDSHGLJD  WHKiWIHODGDWXQNPHJROGiVD   SRQW 
          gVV]HVHQSRQW

 


 $] $%&' WUDSp] $% DODSMiQDNKRVV]DKiURPV]RURVDD &' DODSQDN


pVD] $' V]iUQDN$] $& iWOyKRVV]DHJ\VpJD %& V]iUKRVV]D
HJ\VpJ0HNNRUiND] $%&' WUDSp]ROGDODL"

PHJROGiVMHO|OpVHLQND]iEUiQOiWKDWyN
   


' F &


F  

 M 

$ F ( F %


$]iEUiQSiUKX]DPRVWK~]WXQND & SRQWRQNHUHV]WOD] $' V]DNDVV]DO
H]D]HJ\HQHVDWUDSp] $% DODSMiWD] ( SRQWEDQPHWV]HWWH   
/HJ\HQ $(&‘ M HNNRU &(%‘ q  M       

$ V]HUNHV]WpV PLDWW $(&'  SDUDOHORJUDPPD HEEĘO pV D IHOWpWHOHNEĘO
N|YHWNH]ĘHQ
&' '$ $( (& F YDODPLQW (% F  SRQW 

ËUMXNIHODNRV]LQXV]WpWHOWD] $(& KiURPV]|JEHQD]  HJ\VpJKRVV]~ViJ~
$& ROGDOUDYDODPLQWD %(& KiURPV]|JEHQD  HJ\VpJKRVV]~ViJ~ %& 
ROGDOUD
 
      F   F  ˜ FRV M 

 LOOHWYH

      F   F  ˜ FRV q  M     SRQW 

$ FRV q  M  FRV M WULJRQRPHWULNXVD]RQRVViJDONDOPD]iVDXWiQ  
DN|YHWNH]ĘDODN~OHV]

      F   F  ˜ FRV M      SRQW 
 
$]  pV  HJ\HQOHWUHQGV]HUEĘO

     F   
DGyGLN    SRQW 

 
)LJ\HOHPEHYpYHKRJ\ F !    EĘO SRQW 
˜ 
F 

N|YHWNH]LN SRQW 
$] $%&' WUDSp]ROGDODLWHKiW
˜  ˜ 
$% F  ˜   %&   &' F  '$ F 
 
 SRQW 
'LV]NXVV]Ly

$IHODGDWEDQOHtUWDGDWRNNDOUHQGHONH]ĘWUDSp]FVDNDNNRUV]HUNHV]WKHWĘ
PHJ WHKiW PHJROGiVDLQN LV FVDN DNNRU OpWH]QHN KD D]  PHJROGiV
iEUiMiQV]HUHSOĘ %&( pV $%& KiURPV]|JHNUHWHOMHVOQHNDKiURPV]|J
HJ\HQOĘWOHQVpJHND]D]

 
F  F !  pV    ! F DPLEĘO  F  
 

pVPLYHO F |  H]WHOMHVO

.|QQ\HQOiWKDWyKRJ\WHOMHVOQHNDKiURPV]|JHJ\HQOĘWOHQVpJHN
D] $&( KiURPV]|JUHLV F !   SRQW 
         gVV]HVHQSRQW

PHJROGiV

(JpV]tWVNNLD]HOĘ]ĘiEUiW &$%‘ D MHO|OpVVHO
ËUMXNIHOD]$%&KiURPV]|JWHUOHWpWNpWPyGRQ
(OĘV]|U+pURQNpSOHWWHO
$] $%& KiURPV]|JNHUOHWH
. $%&'   F 

H]pUWIpONHUOHWH
  F
V   

(EEĘON|YHWNH]LNKRJ\
  F F   F  
V  $%  V  $&  V  %&   SRQW 
  

 
$] $%& KiURPV]|JWHUOHWpUHIHOtUYDD+pURQNpSOHWHW

  F   F F   F  
     7 $%&' ˜ ˜ ˜ 
   
 EHQHOYpJH]YHDPĦYHOHWHNHWD

7 $%&'
  F ˜ F 
 
      
|VV]HIJJpVWNDSMXN  SRQW 
(]DWHUOHWDKiURPV]|JNpWROGDOiQDNpVDN|]EH]iUWV]|JV]LQXV]iQDN
VHJtWVpJpYHOLVNLIHMH]KHWĘ
F ˜  ˜ VLQ D
7 $%&'
            SRQW 
0LYHO  pV  EDOROGDODLHJ\HQOĘNH]pUW
  F  F    F VLQ D

 
DPLEĘOD]iWDODNtWiVRNXWiQ
        F ˜ F 
   ˜ F  ˜ VLQ  D 
HJ\HQOHWUHMXWXQN          SRQW 

VLQ  D NLV]iPtWiViKR]IHOtUMXND]$(&HJ\HQOĘV]iU~KiURPV]|JIHOpEĘO
$&
 
FRV D       SRQW 
$( F
pVDQpJ\]HWHVWULJRQRPHWULDL|VV]HIJJpVDODSMiQ

VLQ  D  
F 
F   
VLQ  D 
F 
DGyGLN SRQW 
(]WEHtUMXN  EH
      F ˜ F
 
 
 ˜ F    
$PĦYHOHWHNHOYpJ]pVHXWiQPLYHO F  z  D
F   

 
HJ\HQOHWHWNDSMXNLQQHQDWUDSp]ROGDODL SRQW 
˜  ˜ 
$% F  ˜   %&   &' F  '$ F 
 
N|YHWNH]LN   SRQW 

'LV]NXVV]Ly

$IHODGDWEDQOHtUWDGDWRNNDOUHQGHONH]ĘWUDSp]FVDNDNNRUV]HUNHV]WKHWĘ
PHJ WHKiW PHJROGiVDLQN LV FVDN DNNRU OpWH]QHN KD D]  PHJROGiV
iEUiMiQV]HUHSOĘ %&( pV $%& KiURPV]|JHNUHWHOMHVOQHNDKiURPV]|J
HJ\HQOĘWOHQVpJHND]D]

 
F  F !  pV    ! F DPLEĘO  F  
 

pVPLYHO F |  H]WHOMHVO

.|QQ\HQOiWKDWyKRJ\WHOMHVOQHNDKiURPV]|JHJ\HQOĘWOHQVpJHN
D] $&( KiURPV]|JUHLV F !   SRQW 
        gVV]HVHQSRQW

PHJROGiV

,VPpWD]PHJROGiViEUiMiWKDV]QiOMXN

$] $%& KiURPV]|JEHQD] $% ROGDOEHOVĘSRQWMD ( H]pUWIHOtUKDWMXND
6WHZDUWWpWHOWDPHO\V]HULQW

     &(  ˜ $% $&  ˜ (%  %&  ˜ $(  $% ˜ $( ˜ (%   SRQW 

0LYHO $( &( F  $% F  (% F LOOHWYH $&  pV %&  H]pUW
 EHDPHJIHOHOĘpUWpNHNHWEHtUYD

    F  ˜ F  ˜ F   ˜ F  F ˜ F ˜ F      SRQW 

 EĘO D F  !   V]iPPDO YDOy RV]WiV D PĦYHOHWHN HOYpJ]pVH pV
UHQGH]pVXWiQ

F   
PDMG

 
˜ 
F 

DGyGLN    SRQW 
(]pUWDWUDSp]ROGDODL
˜  ˜ 
$% F  ˜   %&   &' F  '$ F    SRQW 
 


'LV]NXVV]Ly


$IHODGDWEDQOHtUWDGDWRNNDOUHQGHONH]ĘWUDSp]FVDNDNNRUV]HUNHV]WKHWĘ
PHJ WHKiW PHJROGiVDLQN LV FVDN DNNRU OpWH]QHN KD D]  PHJROGiV
iEUiMiQV]HUHSOĘ %&( pV $%& KiURPV]|JHNUHWHOMHVOQHNDKiURPV]|J
HJ\HQOĘWOHQVpJHND]D]

 
F  F !  pV    ! F DPLEĘO  F  
 

pVPLYHO F |  H]WHOMHVO

.|QQ\HQOiWKDWyKRJ\WHOMHVOQHNDKiURPV]|JHJ\HQOĘWOHQVpJHN
D] $&( KiURPV]|JUHLV F !   SRQW 
        gVV]HVHQSRQW

0HJMHJ\]pV


+D D WUDSp] $  FV~FViQiO OHYĘ EHOVĘ V]|JpWWRPSDV]|JQHN YHQQpQN H]


IHQWLPHJROGiVXQNDWQHPEHIRO\iVROQi
+D D]RQEDQ D] $  FV~FVQiO OHYĘ EHOVĘ V]|J GHUpNV]|J OHQQH DNNRU D
N|YHWNH]ĘiEUDGHUpNV]|JĦKiURPV]|JHLUHIHOtUW3LWDJRUDV]WpWHOHNEĘOLV
OiWKDWyKRJ\HJ\PiVQDNHOOHQWPRQGy
F   pV F   HJ\HQOHWHNUHMXWQiQN



' F &

F  F 

 
$ %
( F


(]pUWH]D]HVHWQHPOHKHWVpJHVWHKiWDGHUpNV]|JĦWUDSp]QHPIHOHOQHPHJD
IHODGDWIHOWpWHOHLQHN 

 
 %L]RQ\tWVDEHKRJ\        RV]WKDWy  WHO

0HJROGiV

9H]HVVQNEHMHO|OpVHNHW
/HJ\HQ $    $    $  $ $  $  $ 

eV]UHYHVV]NKRJ\
  ˜     ˜  

H]pUW
  ˜      ˜      ˜    
D]D]
$  ˜     
$  ˜     
$  ˜     SRQW 

$] $ V]iPELQRPLiOLVWpWHOV]HULQWNLIHMWHWWDODNMiEDQFVDND]XWROVyWDJ
QHPRV]WKDWyWHOH]SHGLJ

§  · 
 ¨¨ ¸¸ ˜    
©  ¹
D]D]
  $  N     N  1  SRQW 

7RYiEEDODNtWKDWMXND   W

   ˜       ˜      SRQW 

(QQHNDELQRPLiOLVWpWHOV]HULQWNLIHMWHWWDODNMiEDQLVFVDNHJ\HWOHQWDJ
QHPRV]WKDWyWHOQHYH]HWHVHQ
 
§  · 
¨¨ ¸¸ ˜    SRQW 
©  ¹

 (]HNV]HULQWD   V]iPWHORV]WYDPDUDGpNRWDG


    O    O  1 

 
 pV  DODSMiQ
  $  N  O    SRQW 
+DVRQOyDQOiWKDWyEHKRJ\D] $ NLIHMWpVpEHQV]HUHSOĘWDJRNN|]O
FVDND
§  ·
¨¨ ¸¸ ˜    
©  ¹
QHPRV]WKDWyWHOH]YLV]RQWJ\HOHJ\HQOĘD]D]
  $  P    P  1  SRQW 
  
 pV  YDODPLQW $ EHKHO\HWWHVtWpVHDODSMiQOiWKDWMXNKRJ\

$ N  O    P     ˜    Q 

pVPLYHO N  O  P  1 H]pUW Q  1 
YDJ\LV        YDOyEDQRV]WKDWyWHO SRQW 
         gVV]HVHQSRQW

 


 %L]RQ\tWVDEHKRJ\HJ\WHWV]ĘOHJHVKiURPV]|J D E F YHOMHO|OWROGDODL


 N|]|WWDNNRUpVFVDNDNNRUiOOIHQQD] D d E d F HJ\HQOĘWOHQVpJKDD]
 V D  VE  V F YHOMHO|OWV~O\YRQDODNUDIHQQiOOD] V D t VE t V F HJ\HQOĘWOHQVpJ

0HJROGiV

)HOKDV]QiOMXN D KiURPV]|JHN V~O\YRQDODLQDN QpJ\]HWpUH pUYpQ\HV N|YHWNH]Ę
|VV]HIJJpVHNHW


 E   F   D  D   F   E  D   E   F 
   VD  VE   VF   
  
$]   |VV]HIJJpVHN LJD]ROKDWyN ~J\ KRJ\ D] $%) pV D] $&)
KiURPV]|JHNUH DKRO$)V~O\YRQDO IHOtUMXNDNRV]LQXV]WpWHOW
 $

D D
F  V  D   V D FRV S  M 
  E
D 
D F 
E  V  D   V D FRV M   VD 
 
SM M
iPGH % &
)
FRV S  M  FRV M  D
D

H]pUWD]HOĘ]ĘNpWHJ\HQOHWHW|VV]HDGYD
D
F  E  V  D 

DPLEĘO
 E   F   D 
V D  

+DVRQOyDQLJD]ROKDWy  PiVLNNpWHJ\HQOĘVpJHLV  SRQW 

5iWpUYHDWpWHOHOVĘUpV]pQHNEL]RQ\tWiViUDWHJ\NIHOKRJ\
V D t VE 

HNNRUD]LVWHOMHVOKRJ\
 
 V D t  VE 

YDJ\LV  PLDWW
E   F   D  t D   F   E      

5HQGH]pV XWiQ D  d E   PDMG D QpJ\]HWJ\|NYRQiV XWiQ D] D E 
V]iPRNQ\LOYiQSR]LWtYDN 
D d E
N|YHWNH]LN SRQW 

 
+DVRQOyDQLJD]ROKDWyKRJ\KD VE t VF DNNRU E d F pVH]]HODIHODGDWHOVĘUpV]pW
EL]RQ\tWRWWXN          SRQW 

0HJIRUGtWYDKD
D d E  
DNNRU
D  d E  
pVtJ\
E   D  t D   E  
HEEĘOSHGLJ

    E   F   D  t D   F   E  

LOOHWYH

E   F   D  D   F   E 
  t 
 
N|YHWNH]LN
$]  |VV]HIJJpVHNHW  EHtUYD
 V D  t VE  
pVPLYHO V D pV VE SR]LWtYV]iPRNH]pUW
V D t VE  SRQW 
+DVRQOyDQEL]RQ\tWKDWyKRJ\KD E d F DNNRU VE t VF WHOMHVOH]]HO
D]iOOtWiVPHJIRUGtWiViWLVLJD]ROWXN       SRQW 

$IHODGDWEDQPHJIRJDOPD]RWWiOOtWiVWPLQGNpWLUiQ\EDQEL]RQ\tWRWWXN
H]pUWYDOyEDQLJD]KRJ\HJ\WHWV]ĘOHJHVKiURPV]|J D E F YHOMHO|OW
ROGDODLN|]|WWDNNRUpVFVDNDNNRUiOOIHQQD] D d E d F HJ\HQOĘWOHQVpJ
KDD] V D  VE  VF V~O\YRQDODNUDIHQQiOOD] V D t VE t VF HJ\HQOĘWOHQVpJ  SRQW 
         gVV]HVHQSRQW
0HJMHJ\]pV
$   SRQW DNNRU LV PHJDGKDWy KD D V~O\YRQDO ROGDODNNDO YDOy NLIHMH]pVpQHN
EL]RQ\tWiViW QHP tUMD OH D YHUVHQ\]Ę GH HJ\pUWHOPĦHQ KLYDWNR]LN DUUD KRJ\
KRQQDQLVPHUL

 

 $QGUiV pV %DOi]V NRViUUD GREiVEDQ PpUL |VV]H WXGiViW $QQDN
YDOyV]tQĦVpJH KRJ\ $QGUiV D NRViUED WDOiO   PtJ %DOi]V
YDOyV]tQĦVpJJHOGRENRVDUDW
(J\MiWV]PiEDQPLQGHJ\LNNHJ\V]HUGRE
+D$QGUiVWDOiOpV%DOi]VQHPDNNRU$QGUiVQ\HU
+D%DOi]VWDOiOpV$QGUiVQHPDNNRU%DOi]VQ\HU
0LQGHQPiVHVHWEHQDMiWV]PDHUHGPpQ\HG|QWHWOHQ
0HQQ\L D YDOyV]tQĦVpJH DQQDN KRJ\ NpW HJ\PiV XWiQL MiWV]PD
PLQGHJ\LNHG|QWHWOHQOHV]"

,PHJROGiV

(J\MiWV]PDHUHGPpQ\HNpWIpOHPyGRQOHKHWG|QWHWOHQ

(OVĘ HVHWEHQ ~J\ KRJ\ KD PLQGNHWWHQ VLNHUHV GREiVW KDMWDQDN YpJUH
-HO|OMNH]WD]HVHPpQ\W ; V]HO
1\LOYiQYDOyKRJ\$QGUiVpV%DOi]VGREiVDHJ\PiVWyOIJJHWOHQH]pUWD]
;  HVHPpQ\ EHN|YHWNH]pVpQHN YDOyV]tQĦVpJH D NO|QNO|Q YHWW
YDOyV]tQĦVpJHNV]RU]DWDD]D]

     3 ;  ˜       SRQW 

(J\MiWV]PD~J\LVOHKHWG|QWHWOHQKDDGREiVWPLQGNHWWHQHOYpWLN/HJ\HQ
HQQHND]HVHPpQ\QHNDMHOH < 
0LYHO$QGUiVVLNHUHVLOOHWYHVLNHUWHOHQGREiVDHJ\PiVWNL]iUyHVHPpQ\HN
H]pUWYDOyV]tQĦVpJHLN|VV]HJHËJ\DQQDNYDOyV]tQĦVpJHKRJ\
$QGUiVQHPWDOiO     
KDVRQOyNpSSHQ
%DOi]VURVV]GREiViQDNYDOyV]tQĦVpJH     
        SRQW 
$QGUiV pV %DOi]V URVV] GREiVD LVPpW NpW HJ\PiVWyO IJJHWOHQ HVHPpQ\
WHKiW D] HOĘ]ĘK|] KDVRQOyDQ <  YDOyV]tQĦVpJH D NO|QNO|Q YHWW
YDOyV]tQĦVpJHNV]RU]DWD(EEĘON|YHWNH]LNKRJ\

     3 <  ˜       SRQW 

$] ; pV < HVHPpQ\HNNL]iUMiNHJ\PiVWH]pUWHJ\HWOHQMiWV]PDG|QWHWOHQ
HUHGPpQ\pQHNYDOyV]tQĦVpJH
3 ;  3 <       SRQW 

 
+DNpWHJ\PiVXWiQLMiWV]PDHUHGPpQ\HG|QWHWOHQDNNRUH]WD]HVHPpQ\W
MHO|OMN = YHO
$] HJ\PiV XWiQL MiWV]PiN IJJHWOHQHN WHKiW DQQDN D YDOyV]tQĦVpJH
KRJ\NpWHJ\PiVXWiQLMiWV]PDPLQGHJ\LNHG|QWHWOHQOHV]
3 = >3 ;  3 < @       SRQW 
         gVV]HVHQSRQW
0HJMHJ\]pV
7HUPpV]HWHVHQMyPHJROGiV
  >         @  

,,PHJROGiV

%HYH]HWMNDN|YHWNH]ĘMHO|OpVHNHW

$QGUiVWDOiO DLHQQHNYDOyV]tQĦVpJH3 DL  
$QGUiVQHPWDOiODQHQQHNYDOyV]tQĦVpJH3 DQ   
%DOi]VWDOiO ELHQQHNYDOyV]tQĦVpJH3 EL  
%DOi]VQHPWDOiOEQHQQHNYDOyV]tQĦVpJH3 EQ   
$QGUiVQ\HU$%DOi]VQ\HU%G|QWHWOHQDMiWV]PD'

$OHKHWVpJHVGREiVVRUR]DWRNpVHUHGPpQ\N
7HJ\NIHOKRJ\$QGUiV%DOi]V$QGUiV%DOi]VVRUUHQGEHQGREQDN$]HJ\
GREiVRQ EHOOL VRUUHQG D IHODGDW V]HPSRQWMiEyO OpQ\HJWHOHQ FVDN D GREiVRN
HUHGPpQ\HV]iPtW 
(UHGPpQ\HN
 DLELDLEL YDOyV]tQĦVpJH3 DL ˜3 EL ˜3 DL ˜3 EL   '' 
 DLELDLEQ YDOyV]tQĦVpJH3 DL ˜3 EL ˜3 DL ˜3 EQ   '$ 
 DLELDQEL YDOyV]tQĦVpJH3 DL ˜3 EL ˜3 DQ ˜3 EL   '% 
 DLELDQEQ YDOyV]tQĦVpJH3 DL ˜3 EL ˜3 DQ ˜3 EQ   '' 
 DLEQDLEL YDOyV]tQĦVpJH3 DL ˜3 EQ ˜3 DL ˜3 EL   $' 
 DLEQDLEQ YDOyV]tQĦVpJH3 DL ˜3 EQ ˜3 DL ˜3 EQ   $$ 
 DLEQDQEL YDOyV]tQĦVpJH3 DL ˜3 EQ ˜3 DQ ˜3 EL   $% 
 DLEQDQEQ YDOyV]tQĦVpJH3 DL ˜3 EQ ˜3 DQ ˜3 EQ   $' 
 DQELDLEL YDOyV]tQĦVpJH3 DQ ˜3 EL ˜3 DL ˜3 EL   %' 
DQELDLEQ YDOyV]tQĦVpJH3 DQ ˜3 EL ˜3 DL ˜3 EQ   %$ 
DQELDQEL YDOyV]tQĦVpJH3 DQ ˜3 EL ˜3 DQ ˜3 EL   %% 
DQELDQEQ YDOyV]tQĦVpJH3 DQ ˜3 EL ˜3 DQ ˜3 EQ   %' 
DQEQDLEL YDOyV]tQĦVpJH3 DQ ˜3 EQ ˜3 DL ˜3 EL   '' 
DQEQDLEQ YDOyV]tQĦVpJH3 DQ ˜3 EQ ˜3 DL ˜3 EQ   '$ 
DQEQDQEL YDOyV]tQĦVpJH3 DQ ˜3 EQ ˜3 DQ ˜3 EL   '% 
DQEQDQEQ YDOyV]tQĦVpJH3 DQ ˜3 EQ ˜3 DQ ˜3 EQ  '' 

 
3RQWR]iV
9DODPHQQ\LHVHWIHOVRUROiVD SRQW 
 
0LQGNpWMiWV]PDG|QWHWOHQD]DDpVDVRUR]DWEDQ
$NHUHVHWWYDOyV]tQĦVpJHQpJ\MiWV]PDYDOyV]tQĦVpJpQHN|VV]HJH
            SRQW 
   
 ˜ ˜˜˜˜˜˜ ˜ 
 ˜˜  
            SRQW 
         gVV]HVHQSRQW

0HJMHJ\]pV
+DDYHUVHQ\]ĘIHOVRUROMDD]HVHWHNHWGHDYDOyV]tQĦVpJHNHWURVV]XO
V]iPROMD |VV]HDGiVLOOHWYHV]RU]iVMHOWpYHV]WpV OHJIHOMHEESRQWRW
NDSKDW
 DSRQWRWDNNRULVPHJNDSKDWMDKDFVDNDGXSODG|QWHWOHQHVHWHNHW
LQGRNOiVVDOIHOVRUROMD 
 ,QGRNOiVQpONODQpJ\ÄMy´HVHWIHOVRUROiVDOHJIHOMHEESRQW


 

You might also like