!"#$%&'()$("*$"*+,"-../"0)12'23"$4".5),(5,"'(6"/,7)8)$("
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´FRVPLF SRZHUµ WKH WKUXVW RU DLP RI E2:*' 2&' 8)=$+5' *-*+' 7+*$8*+')+7$%23' 2%8*+$382)%' F2%8*7+$82)%G' =2842%' 3)##.%282*&' ):' &./9*38&' 84+).74' 84*' 2%3+*$&*' ):' -$(.*' $%5' %)-*(' *?A*+2*%3*0' E),$(8,' 8)' E2:*' $&' $' :.%5$#*%8$(' 5.8,' 2&' %)842%7' (*&&' WKDQ FRQWULEXWLQJ WR WKLV SURFHVV WKURXJK RQH·V DFWLRQ ' H284' 842&' 2#A*+$82-*' 2%' 4$%5;' 84*' $.84)+&' *?$#2%*' &A*32:23' 3$&*&' =4*+*'84*'(2/*+$82)%'):'E2:*'2&'$8'&8$<*0'C4*,'2%3(.5*I'&*%82*%3*'$%5' $%2#$(' +2748&;' 84*' *%-2+)%#*%8$(' 3+2&2&;' 9.&823*' 2%' #*523$(' &32*%3*' F&3$+3*' #*523$(' +*&).+3*&' $%5' 3()%2%7G;' &.&8$2%$/2(28,' )%' $' :2%28*' SODQHW JOREDO HFRQRP\ WKH GRPLQDQW ´FRUQXFRSLDQµ YV WKH HF)> ()723$(' #)5*(G;' $%5' &.&8$2%$/(*' $7+23.(8.+*' F=284' $%' *#A4$&2&' )%' 9.&823*':)+'=)#*%G0'B%'$'5*8$2(*5'$%$(,&2&'):'*$34'2&&.*;'84*'*3)()72> 3$(' #)5*(' $%5' (),$(8,' 8)' E2:*' 8+.#A' 84*' A+*-$2(2%7' A+2%32A(*&' $%5' A)(232*&'):'#*34$%2&#'$%5'28&'5*+2-$82-*'&8+$8*72*&0' ' ' "
"
!""!
!