• Aucun résultat trouvé

Quelle est l'influence des interruptions de cotation sur la microstructure du marché boursier français ? Une analyse intraquotidienne en termes de rentabilité, volatilité et volume

N/A
N/A
Protected

Academic year: 2021

Partager "Quelle est l'influence des interruptions de cotation sur la microstructure du marché boursier français ? Une analyse intraquotidienne en termes de rentabilité, volatilité et volume"

Copied!
45
0
0

Texte intégral

(1)Quelle est l’influence des interruptions de cotation sur la microstructure du marché boursier français ? Une analyse intraquotidienne en termes de rentabilité, volatilité et volume Karine Michalon. To cite this version: Karine Michalon. Quelle est l’influence des interruptions de cotation sur la microstructure du marché boursier français ? Une analyse intraquotidienne en termes de rentabilité, volatilité et volume. 2007. �halshs-00142777�. HAL Id: halshs-00142777 https://halshs.archives-ouvertes.fr/halshs-00142777 Preprint submitted on 22 Apr 2007. HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers.. L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignement et de recherche français ou étrangers, des laboratoires publics ou privés..

(2)   

(3)  

(4) !"#$

(5) %& ' (&)

(6) (*

(7) +&, - .* / +(&

(8) %

(9) 0 / *!213 4(&5 67 *8*+ 9%:*;*$< 6 =

(10) %*&'

(11) %>? !@

(12) % /  'A(

(13) B*4(+ C

(14) %'D6E'&$*

(15) + C

(16) F"

(17) GE'& /  HFIKJLNM(OQPRLS6T(IVUXWM2Y Z O\[2]^O\_A`(JaOcbdedf ghjiak _h l(m'nporqsmtrmvuwyx$z{man>n{|r}.zwy~jxutrm'€v~Kz‚zwƒ~jx„m u>z2trm}em‚n{ 3mazznpm'q‡†yw‡xˆ{~jn> ‚zws~Kx:trmvu2}$‚n>zwƒ€‚w‡}.‚xrz{ua| ‚n€‚‰Š'm‚z trm}.n~Kz{Ša‹Œm‚n2qsmvu"wyx.z{ŠanŽz{u(trmvu"}mazw‡z{u2}.~rn>z{m|nua‘6’>qru>†ya‹6wyz‚wƒxeu>wrtrmnŠvt\|rwynmqƒm u2vuC“- „ŠŽznpwsmvutK†ywyxeˆ{~jnp ‚zwƒ~Kx3m‚z qy•”~rqs‚zwyqsw‡z{Š-‘lB†s~r–.—smv€azwsˆtrm0x~jz˜nm0znpa”K‚wyqmvu>ztK†‡‚}.}$n^Ša‰em‚xetrman:m‚ c}$wyn>wƒ™V|jmŽ „mŽx.zcqsmvušwyx.z{mŽn>n{|r}rzwƒ~jxu›trm €v~jz‚zwƒ~Kx œcqy=!~K|rn^u+mtrm;ž‚npwsumŽxFŠ‚zŸ|.tKwy‚x$zqƒm|nw‡ c}.v€Žz%uC|rnqƒmvu'}$‚n>‚ „ Žz˜nmvu;trm? ‚n^€a‰eŠ™V|.mu~Kx$zqy nm‚x$z¡–$wyqyw‡z{Š‚¢Kqy”r~rqy‚zCwyq‡wyz{Š'm‚zqsm”~jq£|r „mV‘¥¤3~rznmŠŽzŸ|jtrm}.~rnCz‚x.z up|n(tr~Kx$xŠ‚mvu"wyx$znpv™V|.~rzwƒtKwsm‚x$xmvutrm—‡‚xr”Œwsm‚n ¦v§6§K¨©œªtrŠ €vm‚ –.nm¬«K­6­r¦¬ 3m‚z7m‚x®a”K‚x.z›|xemRmvˆCˆws€‚¥€Žwyz{Š¬ wyzw¯‹ŒŠvmRtrm u wyx.z{mŽn>n{|r}.zws~KxuAtrmR€ ~rz‚zwy~jx.¢ trŠ‚}em‚xetK¡x$z tŒmqy}.Š‚n>wƒ~$trm°sa”Œ‚x.z~|=‚}$np  u2qyn^Š ˆ{~Kn> 3mt-|c«Œ±²Œ­6³r²6«r­6­r¦+´a‘ µ7~rz{u2€ŽqƒŠvu·¶vnŠvumŽnC”Œ‚zwƒ~jx.¢ŒuC|.u>}em‚xu^wƒ~rx$¢Œtr~Kx.x.Š mvu"‰.a|rz{mˆn>Šv™V|jmŽx€vmŽ¢6”r~rq£|r 3m‚¢\”~rq‡‚zwyqyw‡z{Š ¸›¹!ºŽ»p¼v½.¾» ¿ e‰ m;}r|rnp}.~$um?~.ˆz‰.m;nma‹-|q‡‚z{mvtš‰.‚qyz{u'~rx7u>z{~$€‚À3maÁ€Ž‰.‚xK‹Œm; ‚n>ÀŒmŽz{uwsu'z{~Âu>}.nm‚vtšz‰mÃw‡xˆC~rn{ ‚zwƒ~jx7~Kx z‰m ‚n>ÀŒm‚z‚xet7z{~ }$np~jz{m‚€‚z'z‰m3w‡xrz{m‚n>mvu>z{uc~$ˆ'z‰m›u{ Q‚qyq!u^‰.‚nm‚‰e~rqƒtrmŽnua‘ ¿ ‰m‚wy Ä~.ˆ5z˜‰$wƒu'Å?~rn>À7wƒu=z{~ m‚ }.w‡n>wƒ€‚‚q‡q£“w‡xr”m u>zw£‹6‚z{m?z‰em;znpvtKw‡xr‹3‰.‚q‡z{u%~jxGz‰.m„Æ.nmax.€‚‰Fu>z~.€ŽÀ:maÁ€a‰$‚xr‹Œm; ‚n>ÀŒmŽz>‘rÇm}$np~$€vmvm t3z~ trm‚z‚w‡qƒm tÈu>z‚zwsu>zwƒ€Ž‚q=u^zŸ|jt\“Rwyx®~jn^trman0zX~Ɂ‚x.‚q¯“¥Ê-mAz‰m w‡ }$v€‚z:~$ˆGup|j€Ž‰È‰.‚q‡z{uF~KxÉz‰mË ‚w‡xÈ ‚npÀKm‚z }.‚n>‚ 3m‚z{manua‘2Ì?|rncu>zŸ|jt\“7€v~jx€vman>xeu?wyx$z˜n>vtKa“•tK‚z3nmŽqy‚zwyxj‹7z{~um €a|rnpw‡zwƒm u?z‰.‚z–em‚qƒ~Kxj‹7z{~AzŸ‰m:Í"Î)ͳŒ­ u>z{~$€‚À:w‡xtrmÁ•~K”rm‚nzŸ‰mQ}.m‚n>wƒ~$t?Ï-‚xr|r‚n{“7¦v§6§\¨6ÐÑ3mv€ m‚ –.m‚n«Œ­6­j¦-‘2Æ.wyx$‚qsq£“¥¢$ÅmQ}r|rz%ˆ{~jnŸÅ‚ntc wyzw£‹K‚z{mvt mvˆCˆ{m €‚zw£”rm‚xm uu(~$ˆez‰.mzn>vtKwyxj‹‰.‚q‡z{u>¢trma}emaxtKw‡xr‹~Kxcz‰em(}em‚n>wƒ~$t$‘ Òma“aÅ~rntru¶ znpvtKw‡xr‹‰.‚q‡z¢ŒzŸn>vtKwyxr‹up|ju>}em‚xeu>wƒ~jx.¢6‰$w£‹6‰„ˆŸnm‚™V|jmŽx€“5tK‚z‚¢\”~rq¯| 3m‚¢\”~jqy‚zwyq‡wyzŸ“ Ó+Ô(Õ×ÖKØÙ.Ú$Û3vÜ. ݇Þ2ßeàá˜âã.ßeãåäævçè é£êvëpìíîéyïsðñròìîéƒíróòŸô õvövé£è-ëæañ-÷ƒòøëùaô·úòCì˜ð>ø>ö6òû÷vùvëüròCïƒïsìNëù‚ëeýòpííîé þaèvÿñròCìséƒíKøë>ùvë .

(18)  òXé£÷   é ø>ö6òû÷ ‚è ÿòûö  îì  .

(19) .  

(20)    . Î%|r—ƒ~|ntK†‡‰r|rwy¢.qsmvunŠ‹Vqsm‚ 3m‚x$z‚zwƒ~rxeutrm'z{~K|rz{mvuqsmvu}.q‡v€vmvu·–~K|rnu>wƒ Žnmvu}.nŠa”r~rwƒmax$z(trmvu}.n>~.€ Švt\|rn^m u tK†yw‡x.z{mŽnpnC|r}rzwƒ~jx:trmuŠŽ‚x€vm utrm€v~Kz‚zws~rx‘-l"m'z{mŽn{ 3m'‹ŒŠ‚x.ŠŽnpws™-|.mw‡x.z{mŽnpnC|r}.zws~KxGtrm€‚~jz‚zwƒ~Kx›npma‹6n~K|r}m'z{~|z ‚n>n‚ztKm›qy†sŠv€‚‰$¡xj‹ŒmGup|ncq‡:–e~K|rn^u+m‚¢(a|rznm™-|.m›qy:}eŠ‚n>wy~.trmÂtrŠ ˆwyx$wƒmš}.‚ncq‡†ywyx$z{manÐ{uŠŽ‚x€‚m™-|rwu>†ƒŠŽz{m‚xettKm qy†‡‰m|nm'trmq‡%€‚qsoKzŸ|nm'tK†£|rx.m%uŠŽ‚x€‚mœqy†s~K|K”m‚n>zŸ|rnmt\|cqƒmaxtrmŽ ‚w‡x‘ l(mn>orqsm‚x$x.~rxe€‚Štrm uw‡xrz{m‚n>nC|}rzws~rxeu%tKm?€‚~rz‚zwƒ~Kx7m u>z(tŒm;}$np~rz{Š‹Œm‚nqƒm uw‡x.z{Š‚n>‚z{u'trmvu}em‚zw‡z{u}~Kn>z{ma|rnu m‚xš‹6‚np‚x$zwƒuu^‚x.z2qy†smvˆCˆwƒ€ŽwƒmŽx€vm5wyxeˆ{~rn> ‚zwƒ~Kx$xm‚q‡qƒm;trmvu ‚np€Ž‰Švu‘ŒÑ3Švˆw‡x.wsuu~rxeu€vm;€v~Kxe€vma}.z(€ŽqƒŠ;tK†ƒmvˆCˆws€‚wƒmŽx€ m wyxeˆ{~jnp ‚zwƒ~Kx$x.m‚q‡qƒm-‘6’>qrmvu>zexeŠv€vm uu>‚w‡n^ma|c}.nŠ‚‚q‡‚–.qsm%trm}$npŠ um‚x$z{man2qyxe~Kzwƒ~rxtrm”Œ‚qsma|rn(ˆ{~jxtK‚ mŽxrz‚qƒm'tK†£|rx zwyznmV‘Ím‚q‡qƒmws€‚wemvu>z(Š‹V qƒm5œqy?u~r  3mv€‚zŸ|r‚qywsuŠvm;trmvutjw‡”ŒwƒtrmŽxtrmvuˆŸ|rzŸ|nu‚x.zwƒ€Žwy}eŠvun>‚zwƒ~jx.xem‚qyqsm‚ 3max.z2}$‚n qƒm u‚‹Œm‚x$z{ua‘ŒÍm‚zz{m'x.~rzws~Kx:mvu>zwyxetKwƒuu+~.€‚w‡‚–.qsmt\|š€ ~rx€ m‚}rz tK†smvˆCˆwƒ€ŽwƒmŽx€vmtr~jx.zÆ.‚ °¦v§¡´mvu^z œq‡†ƒ~rn>w¯‹Vw‡xm trm›qyÂ}.nmŽ ws ‚nmÂtrŠvˆw‡x.w‡zwƒ~rx‘x ‚n€a‰ŠÂˆw‡x.‚xe€‚wƒmŽnmvu^zmvˆ{ˆûwƒ€Žwƒm‚x$zu>w'm‚zu+ma|.qƒmŽ „mŽx.z?u>wqy†ƒmŽxumŽ –$qƒmÂtrmvu wyxeˆ{~jnp ‚zwƒ~Kxeu tKwƒu>}e~Kx.wy–$qƒm u € ~Kx€ m‚n{x$‚x.z €Ž‰.v™V|jm v€ŽzwƒˆÄˆûwyx.‚xe€‚wsm‚n € ~Kz{Š uC|rn €vm ‚n^€a‰eŠ mvuCz wy  3ŠvtKwy‚z{mŽ „max$zwyxrz{Š‹6n^Š'tKaxu2qsm}$n>w£Á=trm€vmazv€Žzwƒˆ>‘V|w¯”Œ‚x.z € mazz{mtrŠvˆûwyx$wyzwƒ~jx.¢Kqƒm un^mŽxrz‚–.w‡qywyz{Š u(uC|rw£”rm‚x.zå|x –.nC|rwyz–.q‡‚x€Am‚zqƒm }$n>w£Áª~r–eumanC”ŠAuC|rn:qƒm ‚n€‚‰eŠAˆq£|.€ zŸ|jmAtrmAˆûv~jx,‚qƒŠ‚‚z{~jwynm a|rz{~K|rnGtrmAu>0”Œvqsma|rn ˆ{~jxtK‚ 3max.z‚qsm-‘$ž ‚n‚wyq‡qƒma|rnu>¢}~K|rn‚znpm=”ŠŽnpwsˆwsŠvm‚¢qyQz˜‰eŠ‚~rn>wƒmtrm?qy†smvˆCˆwƒ€ŽwƒmŽx€vm=xŠv€ mvuu^wyz{mQqy?”Œ‚q‡wƒtK‚zws~rxAtrm €vmŽn>z‚wyxm u:€ ~KxtKwyzws~rxeu¶qy7n>‚zwƒ~jx.‚q‡wyz{Š trmvu›wyxj”mvu>zwsuumŽ|.nu>¢'qy qywy–$nmF€Žwyn€a|rqs‚zwƒ~rx,trmvušwyxeˆ{~rn> ‚zwƒ~jxu>¢u> ‹6n>‚zŸ|w‡z{Š‚¢.u>ˆCwy‚–.w‡qswyz{Š‚¢rq‡†y‚–eum‚xe€vmtrm€v~z{utrm'zn>‚xu^v€‚zwƒ~Kx$¢rqy†‡‚z{~r wƒ€‚w‡z{Štrmvuwyxj”mvu^zwƒuum|num‚zqy†‡‚–umŽx€ mtrm }.n~K–$qƒ ‚ 3mvušqywsŠvu3œ0|rxª ‚x™V|jm trm qywN™V|.wƒtKw‡z{Š-‘lB7}$q‡|.}.‚n>ztrmvu›€v~jxtKwyzws~KxušxŠv€ mvuu^‚wynmvušxm u~rx$z}$vu ”ŠŽnpwsˆwsŠvmvu‘Æ.v€vmQœc€vmc€ ~rxeu>z‚zm‚za|ŒÁ3”Kwƒ~rq‡‚z{ws~rxumŽ }$wyn>wy™V|jm utK†ƒw‡xtrŠŽ}m‚xetK‚x.€vmctrm u'nm‚xrz‚–.w‡qyw‡z{Švu>¢6Ï6mŽxumŽx °¦v§\¨‚´}$n^~j}~$um5|xemx~|Œ”rm‚qyqsm?trŠvˆw‡x.w‡zwƒ~rx7trm;qy†smvˆCˆwƒ€ŽwƒmŽxå€ mQ¶  qƒm unmŽx.z‚–.w‡qyw‡z{Švu}ma|K”mŽx.z!Žznmˆû‚wy–$qƒm‚ 3max.z trŠ‚}em‚xetK¡x$z{mvu>¢2 ‚wƒu;wyq(m u>zwy }~$uu>w‡–.qƒm3trm3u^}Šv€|qsm‚n?uC|.n€ m‚zz{m3trŠa}mŽxtKax€ m}.~K|rn‹ŒŠ‚xeŠ‚nmantrm u}$n~.ˆw‡z{u ‚x~jn> a|KÁ.‘!-‘-ž ‚n‚wsqyqƒmŽ|rnu>¢eÆ.‚ °¦-§K­‚´(}$n~r}.~.u+m'zn^~jwƒuˆ{~rn> 3mvutK†ƒm ˆ{ˆûwƒ€‚wsm‚xe€vm-‘-l2ˆ{~rn> 3mˆ‚w‡–.qƒm'w‡xtKws™-|m ™V|†‡wƒqrx$†ƒm u>z }$vu}~.u+u>wy–$qƒmtrm'zw‡nm‚n(}$‚n>zw.trmvuuŠ‚n>wsmvutrm€ ~K|rn^umŽzBtK†‡wyxˆC~rn> ‚zwƒ~rxeu}.vuuŠ mvu>¢rq‡)ˆC~rn> 3mum‚ wƒÐ ˆ{~jn>z{m™-|r†yw‡qrx.†ƒm u>z}.vu}~$uu>wy–$qƒmtrm'zw‡n^mŽn(}$‚n{zw.tK†yw‡xˆC~rn> ‚zŸwƒ~jxu}r|r–.q‡wƒ™V|jm ua| 3~r 3m‚x$zBtrm'qsma|rn(nŠa”ŠŽqy‚zws~rx Ù.

(21) m‚z2q‡ˆ{~jnp 3mˆC~Kn>z{m™V|†‡wyq.x$†ƒm u>z2}.vu}e~.uu^wy–.qsmtrm5zwynm‚n}.‚n{zwetK†yw‡xˆ{~jn> ‚zws~Kxux.~jx:}r|r–.q‡wƒ™V|jm u}~|nnŠ‚‚q‡wƒumŽn |rx}$np~.ˆûwyz u^}.Šv€‚wsˆws™-|.m%up|n2qsmvu2 ‚n€‚‰eŠvu(ˆûwyx$‚x€‚wsm‚nua‘  |.m‚q‡qƒmA™V|jm u~jwyzcq‡Fˆ{~jnp 3m tK†ƒmvˆCˆws€‚wƒmŽx€ mFmŽxr”Œwsu>a‹ŒŠvm‚¢trmvušz{mvu>z{ušnŠ‚‚qywsuŠvu›uC|rn:tKwƒˆ>ˆ{ŠŽn^mŽx.z{uš ‚n€a‰Š u. –~|nu>wsm‚nu~rx$z wƒum‚x:Š”ŒwƒtrmŽx€ m€vm‚n>z‚w‡xmvu}e~r€‚‰m utK†ywyx.m ˆ{ˆûwƒ€‚wsm‚xe€vm-‘-l(mvu ‚n€‚‰Š u–~K|rnu>wƒmŽnu(xemu~rx$z }$vu œz{~|z „~j „max$z!mŽz(a”m €qsm; „Ž „m?trma‹6nŠ?mvˆCˆwƒ€ŽwƒmŽx.z{ua|•umŽxuwyxˆC~rn> ‚zwƒ~rxrxem‚qtrmQÆ.‚ -‘  |.~rw ™\|r†yw‡q m‚x u~jwyz¢qy†ƒm ˆ{ˆûwƒ€‚wsm‚xe€vmmvu>z%trŠa}em‚xetK¡x$z{mtKmcq‡u>znC|.€‚zŸ|rn^mt\|G ‚n€‚‰eŠcm‚z}.q¯|ju)‹ŒŠ‚xŠŽn>‚qƒm‚ 3m‚xrz'trmvu€‚~jx.zŸn>‚wyx.z{m u ~rnC‹6‚x.wsu>‚zwƒ~jx.xem‚qyqsmvu>¢;z‰. ‚ 3m€‚~|Œ”mŽn>z:u~K|.uÂqyAxe~r mŽx€aq‡‚zŸ|nmtrmË ws€‚n~.u^z˜nC|.€‚zŸ|rn^m trmvu ‚n€a‰Š ua‘lBm u wyx$z{m‚n>nC|}rzws~rxeu3tŒm7€‚~jz‚zwƒ~Kx$¢%€‚~r c 3mÂqsmvua|rzn^m ucvu^}mv€az{u3trm•qyÂ ws€‚n>~.u>znC|.€‚zŸ|rn^mÂtr~jw£”mŽxrz=€‚~jx€‚~|n>wynœ ˆnmŽwyxmŽnRqy†sm‚x$z˜‰e~K|.u>wyvu> 3mÃtrmÉz{~K|.uª€ ma|KÁ ™V|w €‚n~rwsm‚x.zAa”r~rwyn©trŠv€v~|Œ”rm‚n>zA|rx ™-|.m‚qs€v~rxe™-|.mɖ.n>wyx trm }.nŠ”Œwƒu>w‡–.w‡qywyz{ŠË–~|nu>ws ‚nm-‘  |r‚znm~K–.—smv€Žzwƒˆ{u0u~rxrz3a”Œ‚xe€vŠ ua‘x,}$nma wsm‚nÂqywsma|,wyqu^†ƒa‹Kwyz:trmA}em‚nC „mŽz˜znm qy†‡wyxeˆ{~rn> ‚zwƒ~jx„trm u2}.‚n>zws€‚wy}$‚xrz{u>¢r€v~rxetKwyzws~KxxeŠv€‚mvu+u>‚wynmœ%q‡†ƒmvˆCˆws€vwsm‚xe€vm'trmvu2 ‚n€‚‰eŠvua‘-фm|ŒÁKwƒ ‚ 3m‚ 3max.z¢Kqƒm u wyx$z{m‚n>nC|}rzws~rxeutrm3€‚~jz‚zwƒ~Kxtr~jw£”mŽxrz%nŠvt\|rwynmq‡c”~jqy‚zw‡qƒwsz{Š5¶e|xem3tKwy wyxj|zws~KxtrmqyQ”~rq‡‚zwyqyw‡z{Š}m|z‚znm wyx$z{m‚n>}rnŠ‚zŠvm€ ~r c 3m|xem'‚ „ŠŽqyws~rn>‚zwƒ~jx:trm'qy†ƒm ˆ{ˆûwƒ€‚wsm‚xe€vm'}r|rwƒu+™\|jm™\|.mtK‚xu€vm;€‚vuqsmvu”K‚npw‡‚zwƒ~jxutrm'}.n>w£Á a|rz{~K|rn·trm5qy5”‚qsma|rnwyx$znpw‡xu  ™-|.mt\|:zw‡znmu~jx.z2}.q¯|juˆ‚ws–.qsmvua‘ ¿ n~rwsu>wƒ Ž „mŽ „max$z¢m‚q‡qƒm utr~rw¯”m‚x$z‹V‚n>‚x$zwynqs zn>‚xu>}$‚nmax€vmtrmvu5 ‚n€a‰eŠvu>¢z{~K|rz{mcq‡†yw‡xˆ{~jn{ ‚zwƒ~jx u>w¯‹6x.wƒˆûwƒ€Ž‚zw£”mtr~rw‡z%‚znm€v~r  Q|x$wƒ™V|jŠQa|F ‚n^€Ž‰ŠQqƒm }.q¯|jušn>‚}.wƒtrmŽ „mŽx.zc}e~.uu^wy–.qsm-‘zmŽxˆw‡x.¢m‚q‡qƒmvu›tr~rw¯”m‚x$z?‹6‚np‚x$zwyn3q‡Fq‡w ™V|.wƒtKw‡z{ŠFtrm u3 ‚n€‚‰Š u>¢€v~rxetKwyzws~rx xŠ €vm uu>‚wynmœqy†smvˆCˆwƒ€ŽwƒmŽx€vmV‘ Ñ ‚xeu%€ mazz{m~r}rzws™-|.m‚¢eq‡€vmŽqyq¯|.qƒm?trm?uC|nC”mŽwyqsqy‚xe€vm?tK†·|n~KxmÁŒzž ‚n>wƒu'~r}e anm|rxG€ ~Kx.zn>orqƒm?u>zŸn>wƒ€Žz!trm  z{~K|rz{mvu qsmvuA~j}.Š‚n>‚zwƒ~Kxeua‘q‡qƒmRm u>z‰.‚–.w‡qyw‡z{Švm‚¢u>wm‚q‡qƒm¬q‡†Nmvu>zw‡ „m¬xeŠv€‚m uu>‚wynm¬œ¬q‡†ywyx$z{Š‚n‚z7t\|à ‚n€a‰ŠŽ¢cœ wyx$z{m‚n>np~j c}.nm}rn~K”Œwsu~rw‡n^mŽ „max$zqƒm u(€ ~rz‚zwƒ~Kxeu(~|=œqywy wyz{m n2qsmvu(ˆûq‡|j€ŽzŸ|‚zws~rxutrm%€ ~K|rnua‘¥Ñ3ma|KÁ 3Šv€Ž‚x.wsu> „m u u~jx.zv€‚zŸ|.m‚q‡qƒm‚ 3max.zmax”Kw£‹-|jm|n'œ|rn~rxemaÁŒzž ‚n>wƒu·¶.qƒm unŠ um‚nC”Œ‚zws~rxumŽzqƒmvuup|ju>}em‚xeu>wƒ~jxua‘Ímcu~jxrz·trm u 3mvuC|rnmvu(tK†‡wyx$z{manpnC|r}.zws~Kx„trm u2€v~Kz‚zwƒ~jxu}$npwsumvu"a|cx.w£”rm‚a|tK†£|rx„u+ma|rqŒzw‡zn^m û‘ l"m u2nŠvumŽnC”Œ‚zwƒ~Kxeu2nŠvuC|rqyz{mŽxrz trm qy†‡wy }~$uu>wy–$wyq‡wyz{Š „~j „mŽxrz‚xŠ m tK†‡‚—£|.u>z{m‚n0qy†ƒ~$ˆ{ˆûn^m¬mŽz:qyRtrmŽ ‚xetrmœ qy†‡wyx.z{ŠŽn>wƒma|rnFtrm u7Ê-~rxm uFtrm¬€ ~K|rn^u a|rz{~rn>wƒuŠ ua‘Kl"m u 3~.tK‚q‡wyz{Š u}$npazwƒ™V|.mvu'tK†y‚}.}$qyws€‚‚zwƒ~jxv€‚zŸ|.m‚qyqsm‚ 3m‚x$z!max›”Œw£‹-|.ma|rn%tK‚z{m‚x$z!t\|:«Œ±Qa”Œn>wsqe«Œ­Œ­j¦6‘ |rn~rxmÁ6zn^Š um‚nC”mz{mŽ c}~jn>‚wynma „mŽxrzqy:€ ~rz‚zwƒ~Kx¬tK†£|rx.m”Œ‚qsma|rnctr vuQqƒ~rnuc™V|r†y|rx ~jntKn^m›tK†yv€a‰$‚z~K|trm ”mŽx.z{m}$np~”~.™V|jmŽn>‚wyz¢u^†ywyqŠŽz‚wyz(maÁrŠv€a|rz{Š‚¢etrmvuxeŠa‹Œ~.€Žwy‚zws~rxu·œ'|x °N~K|:trmvu´€ ~K|rn^uu>wyzû|jŠ\°Nu´m‚xÂtrm‚‰~Knutrm u qyw‡ w‡z{mvu'‚}$}m‚qsŠvm u uma|rwyqsutrm?nŠvumŽn{”K‚zwƒ~rx !-‘jl"m uuma|rwyqsutrm?nŠvumanC”Œ‚zws~rxFu>~rx$z!ŠŽz¡–$qywƒumŽx7‚}r}.q‡wƒ™V|.‚x.z|rx.

(22) }~|n€ max.za‹Œm%trm'ˆq¯|j€ŽzŸ|‚zws~rx aÁKwy vqƒmœ|x3€v~|nu(tjwyz ·€ ~K|rn^utrmnŠ ˆ{Š‚nmŽx€‚m!-‘VÌQx3tKwƒu>zw‡xr‹-|jmqƒm uumŽ|w‡q u u>z‚zws™-|.mvuÂtrmvu0uma|.w‡qƒu7t\“-x.‚ wƒ™V|jm ua‘l(mvuÂum|.wyqƒu0u>z‚zwƒ™\|m uGtrm nŠ um‚nC”Œ‚zws~rxÈu>†‡‚}.}.q‡wƒ™V|jmŽx.zœFz{~|z{m u›qƒmvu ”Œ‚qsma|rn^u‘)’>qsu7u~rx$z:tr m  ~ | ®¦v­  €‚‚qs€a|rqƒŠvu•}.‚nÂn>‚}.}~Kn>zœ |xÀ‚~K|rnu7trmAn>Švˆ{ŠŽnmax€vm u>zazwƒ™V|jmV‘Î qy†s~K|K”m‚n>zŸ|rnm3trmqy3uŠ‚‚xe€vm‚¢2qsm3€‚~K|rnutrmnŠ ˆ{Šanm‚x.€ m3u>z‚zwy™-|.m3mvu^z%qsm3trm‚n>x.wsm‚n€‚~|nu?€v~Kz{Š›°Nm‚x0‹ŒŠ‚xeŠ‚n>‚qy¢2qsm €v~|nu?trm3€‚qsoKzŸ|nmq‡c”mŽwyq‡qƒm‚¢2‚—‡|.u>z{Š3u>w2xeŠv€vm uu>‚w‡n^m3mŽx€‚‚u?trm3trŠ‚zv€‚‰.mŽ „max$z%trm3tKw£”Kwƒtrm‚xetrm3~K| trmQz{~K|rzm a|rzn^m›~r}eŠanp‚zws~rx6´c~| qsm:trm‚nCx.wsm‚nc€v~|nu?w‡xtKwƒ€Ž‚zwƒˆ;tKwƒˆ{ˆX|uŠ-‘l"m ucum|w‡qƒuct\“-x.‚ wƒ™\|.mvuctrmšn^Š um‚nC”Œ‚zws~rx xm u>†‡‚}.}.q‡wƒ™V|jmŽx.z?™-|r†ƒmŽx×u+Š‚‚x€ m›a|ŒÁ ”Œ‚qƒm|nu€v~jz{ŠvmvumaxR€‚~rx$zwyxr|m‚z5”Œwƒu+m‚x.zœÂm‚x.€ŽvtKn^mŽn>¢(œ:q‡†yw‡x.z{Š‚n>wsma|rntrmvu um|w‡q uu>z‚zwN™V|jm u>¢.q‡'”~rqs‚zw‡qƒw‡z{Štrmvu€v~|nuu^|j€ €vmvu+u>wƒˆ>ua‘ŒÍ‰.v™V|.m€v~|nu€v~jz{Štrma”Œwsm‚x$z qsm€v~K|rnutrm'n^Š ˆ{ŠŽn^mŽx€ m t\“¥x$‚ ws™-|.m3}e~K|rnctrŠaz{m‚n{ wyxem‚n;qƒmvuQuma|rwyqsu? aÁKwy Q| Äm‚z wyx$wy Q| œxem}.vuctrŠŽ}.vuu+m‚n}e~K|rnqsm:€v~|nu uC|rw‡”Œ‚x.z>‘rl(mvuu+ma|rwƒqsut\“¥x$‚ ws™\|jm uu~rx$z·tr m ª~K | 7 «  }~|n'qƒm u'v€‚zws~rxu'qsmvu'}$qy|.u'qswƒ™\|rwƒtrm u>¢Btr~jx.zqƒm u ”Œ‚qsma|rn^utK|Í"Î5Í ³K­K‘vl(mvutK|rnŠvmvu"nŠa‹6qƒmŽ „mŽx.z‚wynm u(trmn^Š u>m‚nC”Œ‚zwƒ~jx„u+~rxrza|r—ƒ~|ntK†y‰j|wrtrm % wyxr|rz{mvu°s}~|n |rxm}rn^Š um‚xrz‚zws~rxtrŠŽz‚wyq‡qƒŠvm'trmqynŠa‹6qsm‚ 3max.z‚zwy~rx$¢-”~jwynµGws€‚‰$‚qƒ~rx›°s«Œ­6­6±‚´´a‘ "l m uAuC|ju^}m‚xeu>wƒ~jxuAu~jx.z wƒum uAm‚x®}$qyv€vm×}~K|rnAm‚ c}. €‚‰mŽn ~| ‚n>naz{m‚n0|x ˆ{~rxe€azwƒ~jxrxm‚ m‚xrz m‚n>n>‚zwƒ™V|.m:t\|A ‚n€‚‰eŠ-‘ qyqsmvuctr~jw£”mŽx.z'‹6‚n>‚x.zwyn?q‡3znp‚xeu>}.‚nmŽx€vm›mazqy†smvˆ{ˆûwƒ€Žwƒm‚xe€vmšwyxˆC~rn> ¡zws~rxrxmŽqyqsm:trmvu ‚n^€Ž‰Š ua‘ qyqƒm u2nŠvup|q‡z{m‚x.ztK†£|rxm'trŠv€‚wsu>wƒ~jx„tK† |rn^~jxmÁŒz maz ˆC~rx.zqy†ƒ~j–.—smaz tK†£|rxa”Kw u"wyxetKw ™V|.‚x.zqy†ƒ~jn>w£‹6wyxem%Ðqs uC|.u>}mŽxu>ws~rx3}.m|zwyx$zXmŽn{”rm‚x.w‡n2œ%q‡)trmŽ ‚xetrm%t\|}rn^Š u>wƒtrmŽxrzBtrm'q‡†£Î%µ Æ °£l2)up|ju>}em‚xeu>wƒ~jx}ema|rz ‚zŸnmnmv™V|rwƒum }.‚n?qsmž nŠvu^wƒtrm‚x$z)trmš q

(23) Î)µ Æ tK‚xeu?qƒm›€‚vtKn>m:trmvuQ€‚~r c}.ŠŽz{m‚x€‚m uc€v~KxeˆwsŠvmvu=œ:€vm‚zŸz{m3a|rz{~rn>w‡zXŠ0°Nmax €‚vuQtrm trŠ‚}eoKztK†£|rx }$np~r—sm‚ztK†s~.ˆ{ˆŸnmŽ¢:qƒ~jnu™-|.m,q‡Èu~.€ŽwƒŠŽz{Š,x.†smvu>zA}$vuRm‚x „m uC|rn^mÉtK†yvuup|nm‚n |rxmɀv~Kn>nmv€az{m wyxeˆ{~jnp ‚zwƒ~KxAt\|7}r|r–.q‡wƒ€ 7´>¢2trmQqyu~$€‚wsŠ‚z{Š›°‡l

(24) ŠŽ „mazz{m|n'}m|z'Ša‹6‚qƒmŽ „mŽx.z%trma ‚xtrmanq‡uC|.u>}mŽxu>ws~rxAtrm €v~jz‚zwƒ~KxRtrmÂumvuQzwyzn>mvutK‚xuQqy†‡‚zz{m‚x.zmÂtrm›qy:}j|–$qyws€‚‚zwN~rxRtK†£|rxR€‚~r c Q|rx.wƒ™V|.ŠGtrm u>zwyxeŠ›œ:wyxeˆ{~jnp 3m‚nQqƒm }r|r–.q‡wƒ€ uC|n›|rx Š”Š‚xema „mŽxrz:uC|ju+€vm‚}rzw‡–.qsmtK†yw‡xˆûq£|.m‚n7trmAˆ  ~rxÈu>w¯‹Vx$wƒˆûwƒ€‚‚zw‡”m uC|rnGqsm€ ~K|rn^u0trm –.~K|rn^u+m °N~r}.ŠŽn>‚zwƒ~KxGup|nqƒm;€ ‚}.wyz‚q‡¢.nmvu^zn{|.€‚zŸ|rn>‚zwƒ~jx‘y‘‡‘ ´~|šuC|rnqy†‡wƒx$wyzw‡‚zw£”m;tK†|rn~rxmÁŒz°‡Î}rn^  um‚x›a”~rw‡nwyxˆC~rn> 3Š q

(25) Š‚ 3m‚zzma|rn>¢Œq

(26) mŽx.znma}.n>wsum%trm ‚n^€Ž‰.Š}ema|rz uC|.u>}mŽxtKnmqy%€ ~rz‚zwƒ~Kx3tK†£|rxzwyznm-‘ qyqsm%tr~jwyz Š‹6‚qƒm‚ 3m‚x$z}~Kn>z{man €vmŽzz{muC|.u>}mŽxu>ws~Kx3œ%q‡€v~rx$x.‚wsuu>‚x€ mt\|cž nŠvu^wƒtrm‚x$zBtrm'q

(27) Î)µ Æ‘ŒÍm'zŸ“-}mtrmuC|.u>}mŽxu>ws~rx3'}~|n~K–.—ƒm €‚zwsˆ tK†ƒmŽ }e‚€‚‰eman!~K|3tK†y‚n>naz{m‚n2|rx:ˆ~rxe€azwƒ~jxrxma 3m‚xrz}man>zŸ|n>–.Št\| ‚n€‚‰eŠ>´(П¢rqƒm u(n>‚wsu~rxeu%°NtrŠŽ}.orz2t6†¯|x3}$np~j—ƒm‚z tK†ƒ~$ˆ{ˆûn^mŽ¢Œ‚zŸz{m‚xrz{m'tK†£|rx3€‚~r c Q|x$wƒ™V|jŠ 7´(m‚zqy%tK‚z{m'mazqƒm u(€ ~rxtKw‡zwƒ~Kxeu(trmnpm‚}$n>wƒum'trmvu€‚~rz‚zwƒ~Kxeu \œ%tKŠvˆa|rz qy†‡a”wsu2}$n^Š €‚wsum%™V|.mq‡”Œ‚qƒm|n2nm u>z{m%up|ju>}em‚xet\|jm—£|.u™V|†‡œx~|Œ”mŽqŒa”Kw u‘.  üKë¡í$ì˜ðCþa÷ ë ë>è-ïNò{ï‡é ŽèVí$ù‚ë¡í$ù‚é  ðìNë>è-ïƒëaírõ ÷ƒòøëaí‚ô-ìXí éìNë¡í$ù‚ðƒé£èvéƒííŸë>è-ïŒù ë¡í  ù¥òû÷ éyïƒðaí.ù òCìŸìïKù‚ë¡í$ø vïNòCï‡é‚è6í rëaí  ù¥òû÷£éyïyð¡í õ¥ë^ôvê‚ë>è¥ïïsìNëeé£è-ù‚é£êaéyùaô¥ëC÷£÷£ë¡í aôø ‚÷ ÷yë>øï‡é êvë¡í! êŽéyìŒúéyø>öVòX÷‚è"$#&%'%)((  * $ìNðð>ëõVòCì6÷ƒòj÷ aé ,è +!#'%&%&-/. 0% ùvë íŸð>øCô¥ìîéyïyð sé£è6òè-øCé ìŸëùaô ëìò 21¥ï#&%&%&-aæ+÷3 4ô¥ï vìîéyïsðù‚ë¡í òCìNø>ö-ð¡í  é£èVòûèvø>é£ëìXíKëaíŸï-éƒíísô-ëù‚ëe÷ƒò  ôVíîé ‚èùvë÷ƒ5 ò   éƒííîé Žè)ù ë¡í ‚õ-ðìò{ï‡é ŽèVíeù 5ë Žô¥ìíŸ6ë $87:9;(Ÿæ-ùa<ô  ‚èVíŸë^é£÷Œù‚ë¡í òCì˜ø^ö¥ð¡í ƒé£èVòûè¥øCéyëìí=rú?>(eëïrùaô? ŽèVíŸë>é ÷ ùvëù‚éƒíŸøCé£õv÷ é£è¥ëù ëe ÷yò$ þ¡ë¡íŸï‡é ‚è sé£è6òûèvø>é +ì˜5ë $6ó @>( .

(28) lBqyw‡zz{Š‚n>‚zŸ|rn^mz‰eŠv~Kn>wƒ™V|.m3€v~rxe€vmŽnpx$¡x$z%q‡†£|rzwyq‡wyz{Š3m‚z'qy†sw‡ }$v€‚ztrmvu;wyx$z{m‚n>nC|}$zwƒ~Kxu?trm3€ ~rz‚zwƒ~Kxm u>z €v~jxrzn>vtKwƒ€‚z{~jwynm?¶rtK‚xu€‚mŽn>z‚wyxu· ~.tr Žqƒmvu^¢.qyup|ju>}em‚xeu>wƒ~jxGˆv€Žwyq‡wyz{mq‡trwsuuŠ‚ wyx$‚zwƒ~jxGtrmvu·wyxˆC~rn> ‚zwƒ~Kxum‚z nŠvt\|rwyzcq‡Â”~jqƒ‚zw‡qswyz{Š-‘l(mvu3}$‚n>zwƒu>‚xeu:trmvu · € ~K|r}m €‚wyn€+|rwyz 0 ! }mŽxumŽxrz™-|.m‚¢'}mŽxtK‚x$zcqƒm u3 ~|Œ”mŽ „mŽx.z{u wy }~jn{z‚x$z{u!trm'}rn>w¯ÁŒ¢rwyqr}ema|rz“Ž”~rw‡n2|rxm'nC|}$zŸ|nmtK‚xeu(q‡%zn>‚xeu> wsuu>ws~rx:trm'qy†‡wyxeˆ{~rn> ‚zwƒ~jx:m‚xrznm'qyu>‚qyqNm trm ‚n€‚‰.Š u(mŽzqƒm u2}.‚n>zws€‚wy}$‚xrz{ua‘ ž ‚n(€v~KxeuŠv™V|jmŽx.z¢!q‡}rnm‚ wƒ ‚nm'ˆ~rxe€azwƒ~rx3tK†£|rxm·}.np~$€vŠ t\|nm'trm!€ ~K|r}.m €‚w‡n€a|rwyz. ! trma”Œn>‚wyz‚znmFtrm0nŠ7w‡xˆC~Knp 3man3qƒm u3}$‚npzws€‚w‡}.‚xrz{u ! ° ?nmvmŽx6Ł‚qstRm‚z \  z{m‚w‡xÈ°¦v§6¨\¨‚´>¢%}æ‚´a‘x . tKwy wyxj|‚x$zªqsmvuɁvuC“- „ŠŽznpwsmvuÃtK†yw‡xˆC~rn{ ‚zwƒ~jx mŽx.zŸnm qƒm‚uÉzn>vtrm‚nu>¢Aqƒm uÃuC|ju^}m‚xeu>wƒ~jxu. }man> „mazzn>‚wsm‚xrz. qy†sŠ‚ 3m‚nC‹Œm‚xe€vmtK†¯|xx.~K|K”m‚a|€ ~rxu+m‚xup|jutrm}rn>w£Á$‘ q‡qƒm u2vuuC|rnm‚x$ze|xem%tKwsuuŠŽ w‡x.‚zwƒ~Kx3trmqy†yw‡xˆC~Knp ‚zwƒ~Kx3maz |rxmÂmaÁŠ €a|rzwƒ~jx×trm u~jnt6nmvuQ}.q¯|juŠv™V|.wyz‚–$qƒmV‘ qyqƒm-uQnŠvt\|rwƒumŽx.zqsmvuˆCq£|.€‚zŸ|r‚zwƒ~rxeumÁ€vm uu>w‡”m utrm›}.n>w¯ÁËmŽz }mŽn> m‚zzm‚xrz5|xRŠv€a‰$‚xr‹ŒmŠv™V|w‡z‚–.qsmGup|ncqsmvuQ ‚n€Ž‰ŠvuQˆwyx$‚x€Žwƒm‚nu›° 6z{mŽwyx©°¦v§6¨‚´>¢ Qnmvm‚x\Ł‚qƒt m‚z - z{m‚w‡x . °¦v§6¨\¨m‚z¦v§6§r¦´m‚z2Ò~.tKn>mvum‚zÌc†¯(n>wƒm‚x›°¦v§6§r¦´´a‘ с‚xeutK†ya|rznmvu 3~.tr Žqƒm u>¢.q‡€v~rz‚zws~KxGmŽxG€‚~rxrzw‡xr|:mvu>z2}rnŠ ˆ{Š‚n>‚–$qƒm}.~|nq‡trŠv€v~|Œ”rm‚n>z{mtrm u}.n>w£Á$‘ ž q¯|ju+wƒm|nu ‚nC‹6|r „mŽx.z{uA€v~Kn>n~K–~KnmŽxrz•€ mazz{m z‰ vu+m-‘ x®mvˆCˆ{m‚z¢Qqƒ~rnuAtrm¬q‡¬n^Š ~K|K”m‚n>zŸ|rnm‚¢cq‡†ywyx$zXŠŽnaz•trm u wyxj”mvu^zwƒuum|nu;x.†smvu>z'}.vu?ˆC~Kn^€ Š‚ mŽxrz)trmQnŠa”ŠŽqƒmŽnwy Q „Š t6w‡‚z{m‚ 3m‚x.zqy†yw‡xˆC~rn{ ‚zwƒ~jx ™V|r†ywyqsu?trŠ‚zwƒmŽx.xem‚x.z¢©€‚m ™V|wr}ema|rzB€ ~rxt\|rwynm'œ|x3–rnC|rwyza‹Œm'z{m‚ }.~rn>‚w‡n^mtrm u2}$npw¯Á.‘ ž ‚n(‚w‡qyqƒmŽ|rnu>¢rqy†‡v€v€‚n~jwƒuumŽ „mŽx.z2trmq‡)€ ~K|K”m‚n>zŸ|rnm 3ŠvtKwy‚zws™-|.m'trmq‡nŠvumŽn{”K‚zwƒ~rxa „ Žxmtrmxe~K|K”m‚a|KÁw‡xr”m u>zwƒu+uma|rnu(m‚z}ma|rz‚zŸnm|rxˆv€Žz{ma|rnBtK†sŠv€Žqy‚z{m‚ 3max.z trm'€v~Kxu+m‚xup|ju>¢rtrmtKwsu>}mŽn^u^wƒ~rxQv€v€‚nC|.m%trm u‚x.zws€‚wy}$‚zwƒ~Kxeu2m‚z tK~rxe€tK†yv€ €‚np~jwƒuu+m‚ 3m‚xrz trmq‡”~jqy‚zwyq‡wyz{ŠV‘ ·mŽa|j€ ~K|r}®trmAz‰Š‚~jn>wƒ€‚wsm‚xeuFtK~K|rz{max.z:~|Œ”mŽn>z{ma „mŽxrzGtK† |rxm¬™-|.m‚qs€v~jx™V|jm wyx$z{m‚nˆ{ŠanmŽx€‚m¬t\|È ‚n>€‚‰eŠm‚z }mŽxumax$zc™-|.mÂqƒm u3uC|u>}em‚xu^wƒ~rxeu3tK†ƒŠ €‚‰.‚xj‹Œmvu3m‚x©uman>‚wƒm‚x$z?a|׀v~jx.zŸn>‚wynmÂnmvu>}.~jxu>‚–$qƒmV‘2ž n~.€‚Š trm‚nœ•trm u uC|.u>}mŽxu>ws~rxeuAm‚xrzn> ƒxemxe~Kx um|qsm‚ 3max.z3|rx €‚~z7trm qyws™-|.wstKwyz{Š¬}e~K|rnFqsmvu zŸnpvtrmŽnu>¢? ‚wsu qƒmvuAŠŽzŸ|jtrm u . uC|K‹-‹\ Žnm‚x.z™-|.m?q‡†ƒw‡xˆC~rn> ‚zws~KxÂxm?um‚n>;}.vua|uu>w–$wƒm‚xÂnŠa”rŠ‚qƒŠ m;}m‚xetK‚x.z"|xemup|ju>}em‚xeu>wƒ~jx•™V|.m}em‚xetK‚x.z |rxmuŠŽ‚x€vmtrm'€v~jz¡zws~rx3m‚x:€‚~jxrzwyxr|°sµGw‡qyqsm‚n%°¦ §6§6­‚´>¢rµ7€‚µÂw‡qyqy‚x7°¦ §6§Œ­Ž´>¢ cnC|rxt\“mazµ•€a¤wƒ€Ž‰.~rqsu%°¦ §6¨6§‚´>¢ . !n~VÅxm‚z-Ï6max.x$wyxj‹\u°¦ §6¨6§‚´>¢Kф~VÅ maz ~rn{z{~Kx›°¦v§6¨6§‚´´a‘ . Ím%trŠŽ–.‚z'u>zwy Q|qsŠqsnm €‚‰mŽn€‚‰.m'm‚ }.wyn>ws™-|.m%€ mvutrm‚n>x.ws ‚nmvu"‚x.xŠ mvua‘ l(mvu2}$npmŽ ws ‚nmvuŠ‚zŸ|.trmvu2w‡x.w‡zwƒŠvm u }.‚n ~j}m^Åm‚q‡qm‚z K€‚‰\Ł‚n>zÊ°¦v§6¨‚´~rx$z(Š‚zŸ|.tKwƒŠ;u>w$|xemuC|.u>}mŽxu>ws~rx›znp‚xeu> mŽz(~K|3x~Kx:q‡†yw‡xˆ{~jn> ‚zws~Kx:a| .

(29) ‚n^€Ž‰ŠmŽz œ™V|jmŽqyqsm'”rwyz{mvu+ummŽqyqƒm;mvu>z2w‡xr‹ŒŠ‚nŠ mtKaxuqsmvu}rn>w£Á$‘’>qeu>†ya‹6wyz2ws€‚wetrm'”ŠŽnpwsˆwsm‚nqyˆC~rn> „m;um‚ wƒÐCˆ~rn>zm trmqyz‰Š ~rn>wƒm3trmq‡†ƒm ˆ{ˆws€‚wsm‚x€ mwyxeˆ~rn{ ‚zwƒ~jxmŽqyqƒm3™V|rw2}~.u^zŸ|qsm‚¢(umŽqƒ~rx¬Æ$‚ Â°¦v§a´™\|.mqy†sm‚xu+m‚ –.qƒm3trm u wyxeˆ{~jnp ‚zwƒ~KxeuÂtKwƒu>}e~Kx.wy–$qƒm uG€ ~rx.€ m‚n{x$‚x.zQ|x©v€‚zwsˆ3ˆw‡x.‚x€ŽwƒmŽnGmvu^zw‡xrz{Ša‹6nŠAtK¡xeu:qsm }.n>w£ÁªtrmA€‚m zw‡z˜nm œ qy†‡wyxeu>z‚x.z3 3a „m ~Ȁvm uÂwyxeˆ{~Kn> ‚zws~Kxu7u+~rxrz3nmaxt\|.mvuÂ}j|–$qyws™-|.mvua‘l"m umv€ ~rxet,~r–.—smv€azwsˆ3a”Œ‚xe€vŠtrm u uC|.u>}mŽxu>ws~rxeu%m u>z!trm;}.n~Kz{Š‹\mŽnqƒm uw‡xr”m u>zwƒu+uma|rnu%€ ~rx.znm5qƒmvu 3~K|K”m‚ 3m‚x$z{uw‡x.‰.‚–$wyzŸ|.m‚qsu%t\|: ‚n€‚‰ŠV‘.Í!m u 3~K|K”m‚ 3m‚xrz{uAu~jx.zÂ}rn>‚zwƒ™V|jmŽ „mŽx.z 3mvuC|rnŠvu }.‚n qy×”~rq‡‚zwyqswyz{ŠRtrm u nm‚x.z‚–$wyq‡wyz{ŠvuAmŽzÂqƒmה~rq¯| 3mRtrmvu zn>‚xu>v€Žzwƒ~Kxeua‘B͆ƒm u>z}.~K|rn™-|.~rw"|x¬umv€ ~rxetA€‚~K|rnp‚x$ztrmqy3qswyzz{ŠŽn>‚zŸ|nm:ŠŽzŸ|jtKwsm3qsm:€v~j c}~Kn>z{ma 3m‚xrztrmšqy ”~jqy‚zwyqsw‡z{Šm‚z2t\|c”~rq¯| 3m'a”Œ‚x$zBmŽz ‚}$n^  uqƒmvuuC|.u>}em‚xu^wƒ~rxeu'°ŸÆm‚n>n>wƒu>¢eÒ'|r ‚nm‚zÇË~jqƒˆCm?°¦v§6§-«v´>¢Kl(mvmŽ¢!mŽvt\“ m‚z K ma‹-|w‡x®°¦v§6§-³ ´>¢ ÒnC“¥Ê ‚x~-Å?u>À6wm‚z¤3m‚ wyn~.ˆCˆ:°¦v§\§Œ¨‚´>¢ Ç | °¦v§6§K¨‚´>¢Í~rnŸÅw‡xÈmazcl2wy}eu~Kx®°s«Œ­6­6­Ž´>¢ Ï6~K|r‚–mŽn!°s«Œ­\­6­‚´>¢rÍ(‰$n>wƒu>zwsm‚¢ŒÍ~rnŸÅw‡xm‚z c‚n>n>wƒu°s«Œ­6­-« ´>¢ xr‹ŒmŽqƒm‚x3maz2ҁ‚–.w‡n!°s«K­6­-«v´´a‘ . l2c}.q¯|}$‚n>z%trmvu;Š‚zŸ|.trmvumÁŒ‚ wyxmax$z%tKmvuŠ €‚‰$¡x$zwyqyqs~rxeutK†yw‡x.z{mŽnpnC|r}rzwƒ~jxu'}.n~”max.‚x$z%tŒmQ ‚n^€a‰eŠvu x~jntŒÐû‚ „ŠŽnpws€‚‚w‡xu° c~j}m>Å?m‚qyqrm‚z 6 €‚‰\Ł‚n>zÊ°¦v§6¨‚´>¢$Ò)nC“-ʂ‚x~-Å?u>À6we°¦v§K§‚´>¢ ~-Åm'm‚z K€a‰.q‡‚n>–.a|r °¦ §6¨‚´>¢ . . ÆmŽnpn>wsu>¢(Ò'|r ‚nmŽzÇ~rqƒˆCm:°¦ §Œ§-« ´>¢l(mvmŽ¢m‚vt\“:m‚z K ma‹-|.wyx¬°¦v§6§\³v´>¢Òn{“-Êv‚xe~-Åu>À\wBmŽz¤„mŽ w‡n~.ˆ{ˆ;°¦v§6§K¨‚´>¢ Í~rnŸÅw‡x„mŽz.l2wy}eu~rx›°s«Œ­6­6­‚´>¢r͉.n>wƒu^zwƒm‚¢rÍ~rnŸÅw‡x„mŽz c‚n{n>wsu°s«Œ­6­V«v´´a‘vž2ma|tK†ƒŠŽzŸ|jtrm u2}~jn>z{max.z uC|rn2qƒm u2nC|r}.zŸ|rn^m u . trm3€v~jz‚zwƒ~jxA}rn^~”max.‚x$z)trm ‚n€‚‰.Š um|n~j}Švmaxeu°ŸÒ)‚–rw‡n°¦v§\§6³v´>¢rÏ6~|‚–em‚n°s«K­6­Œ­Ž´>¢ xr‹Œm‚qsm‚xmŽzҁ‚–.w‡n °s«Œ­6­V«v´´a‘rΈwyx trm?nŠ‚}~KxetKnm?œc€vm; ‚xe™-|.m‚¢x~K|.u'}rn~K}.~.u~jxutK†sŠazŸ|jtKwsm‚n'qy†yw‡ }$v€‚ztrmvu'w‡x.z{man>nC|}$zwƒ~Kxeutrm €v~jz‚zwƒ~Kx®tK†·|n~KxmÁŒz3ž‚npwsu°Nup|ju>}em‚xeu>wƒ~jxu maz:nŠvumŽnC”Œ¡zws~rxeu´FuC|rn7qsmvu0n^mŽx.za–.w‡qywyz{Š u>¢?qƒm˔~jqy|r 3m mŽz:q‡ ”~jqy‚zwyqsw‡z{Š trm unm‚xrz‚–$wyqyw‡z{Švua‘¬¤3~K|.u ŠazŸ|.tKwƒ~rxeuqsmvuw‡x.z{mŽn{nC|}$zwƒ~Kxeu trm €‚~rz‚zwƒ~Kx uC|rnqƒm u ”Œ‚qsma|rn^u wyx$zn>v™-|.~rzwstKwƒm‚x$xm u7t\| K³Œ­@trmA—y‚xj”wsm‚nA¦v§6§K¨¬œtrŠ-€vmŽ –rnmË«Œ­6­r¦-‘'¤„~jznm }Š‚n>ws~.trmt\†ƒŠŽzŸ|jtrmËx.~K|.u }mŽn> m‚zzŸn>trm€v~K }.‚nmanqy†ƒm ˆ{ˆûwƒ€‚v€Žwyz{Š;trmvu „Š €‚‚x$wƒu> 3mvumax3”Kw£‹-|jm|ntrmŽ}r|rwƒuq‡n^Š ˆ{~jnp 3mt\|3«Œ±K²Œ­-³r²6«r­6­$¦. a”m €qsmvu2}$nŠv€vŠ tŒmŽxrz{ua‘.

(30) 4ê¥òûè¥ï ÷ƒòeìîð>þ÷yë ë>è¥ïNòCï‡é ‚è éƒíNëë^è!õ‚÷ƒòCø>ëe÷£ë #- /% /#&%/%æ÷£ëeõ¥ìŸë é£ëì.íNë^ô‚é£÷¥òŸô¥ï  ìNéƒíŸðð+ï òXéyï6ù‚ë  %0õVòCìrìòûõvõ ì˜ïKòŸô!ø ‚ô¥ìí ùvëå÷ƒòrê‚ë>é ÷£÷ ëaü6ë¡í.íîë>ô‚é£÷ƒíríîô‚é£ê¥òûè¥ïNíKðïNòûé£ë>è¥ï6ù‚ë 0õVòCìrì˜òûõvõvìŸïŒòûô!ø ‚ô-ìXíjù‚ë ìîð¡íŸë>ìNê¥òCï‡é‚èòê‚ëøù‚±ëaí ò ¡é ò$ù‚ë #  # ëï ùv=ë . aæ  aü6ë¡íKù‚ô-ìNð>ë¡írìîð>þ÷yë ë>è¥ïNòûéyìNë¡íKðïNòû±é£ë>è¥ï6ù‚ë  é£è‚ô-ïsë¡í 04eô ‚ôvìŸù övô éyæ÷£ë¡í$íNë>ô‚é£÷ƒíríŸïNòCï‡éaôvë¡í.í Žè¥ï6ù‚ë  % 7ë+ïv÷yëaí ± íŸë>ô‚é£÷ƒíKùŽÿèVò é aô-ë¡írí ‚è-ï6ùvë # aürò$ùaô¥ìŸð>ëë>è(êaé£þaôvë{ô-ìòCøï¯ô¥ëC÷£÷£ë ë>è-ï6ë¡íŸï-ù‚ë  é£èvô-ïsë¡í  ±.

(31) Ím‚zz{mŠŽzŸ|jtrm€ ~K }$qƒ ‚z{m'q‡qyw‡zz{Š‚n>‚zŸ|nm5v€azŸ|jmŽqyqƒm;trm}$q£|.u>wƒmŽ|rn^uˆv~jxua‘\ž nma ws ‚nm‚ m‚x.zŸ¢.‚w‡xu>we™-|.mxe~K|.u qy†‡a”~rxeu}.nŠv€ Švtrm‚ Q „max$z 3max.zws~Kx.x.Š‚¢rxe~KznmŠazŸ|jtrm'}e~KnpzmuC|rn(qsm' ‚n€‚‰eŠˆn>‚x Ž ‚wƒua‘Œ’^q.u>†yŽ‹Vw‡zBtK†¯|x3 ‚n€‚‰eŠ €v~jxrzwyxj|0tKw‡n>w£‹ŒŠc}$‚nqsmvu~jntKn^m ua‘Í!~jx.zŸn>‚wynm‚ 3max.za|7¤   ~7qsmcz{mŽxma|rntrmQ ‚n€‚‰eŠ:°s ‚n>ÀŒmaz{Ð ‚ÀŒmŽn˜´ umŽnpzÂtrmA 3ŠvtKw‡‚z{ma|rnGœ zX~|z{mËzn>‚xu>v€Žzwƒ~Kx.¢?qsmvu0wyxr”rmvu>zwyuu+ma|rn^u0}.q‡v€vmŽx.z:qsma|rnu7~rntKnmvu7tK‚xeuÂ|rx €Ž‚n>xmaz tK†ƒ~jntKn^m u a| zn>a”m‚nu¬tK†£|rx uC“Vu^z{ ‚ m,trm,€ ~Kz‚zwƒ~Kxwyx.ˆC~rn> ‚zwƒuŠ5¶cqƒm©¤ K Í °‡¤3~K|K”m‚a| V “Vu^z{ ‚ 3m,trm Í~rz‚zws~KxŒ´a‘ x€vmu+m‚xu^¢.x.~K|.uŠŽzŸ|jtKws~rxutrmvu 3mvuC|rnmvutj†yw‡x.z{m‚n>nC|r}rzwƒ~rxeu™V|we~rx.z2q‡wƒm|šu+‚xuq‡†swyx.z{mŽnC”m‚xrzws~rx tK†£|rx:w‡x.z{mŽnp 3ŠvtKw‡‚wynm-‘Kфm|ŒÁKwƒ ‚ 3m‚ 3max.z¢$qƒm unŠvumŽn{”K‚zwƒ~rxeutrm€v~jz‚zwƒ~KxÂuC|nzw‡zn^m uwyxetKw£”rwƒt\|.m‚qNuxemu~jx.z2}.vu ‚}.}$qyws™-|.Švm uuC|n'qƒm u ‚n€‚‰eŠvu‚ „ŠŽnpws€‚‚w‡xua‘rÑ3m}$q£|.u>¢qsmvuuC|.u>}mŽxu>ws~rxeuœ |n~jxmaÁKz2ž ‚n>wƒu'u~jx.z( 3~Kzw£”rŠvmvu }.‚nQqyGtKw¯”Œ|rq£‹K‚zwƒ~rxRtrm ucw‡xˆ{~jn{ ‚zwƒ~jxuQa| ‚n€‚‰.ŠV‘(Í(~rx$z˜n>‚w‡n^mŽ „max$za|KÁËup|ju>}em‚xeu>wƒ~jxuQa|¤   ¢qƒm u uC|.u>}mŽxu>ws~rxeuœ |rn^~KxemaÁ6zž ‚n>wƒu·xmu~jxrz }$vu ~rzw¯”Švm u}.‚n|xÂtŒŠ uŠv™V|rwyqswy–$n^m5wy }.~rn>zax.z2m‚x.zŸnmq‡†y~.ˆ{ˆûnmmaz qy:trmŽ ‚xetrm:tK†‡v€‚zwƒ~jxua‘ ¿ n~rwsu>wƒ Ž „mŽ m‚xrz¢x~Kznm:ŠazŸ|.trm3}e~rn>zm:uC|rnctr~rx.xeŠ‚mvu?w‡x.zn>v™V|j~jzwƒtKwƒmŽx.xemvuc€ m:™V|w trma”Knp‚w‡z2x~|ju}.mŽn> m‚zzŸnmtKm mŽxman|xem'‚x.‚q¯“Vum5}.q£|.uˆûwyxm;™-|.mq‡ ‚—s~rn>wyz{Štrm uŠazŸ|.trmvu™V|w$}~jnpzm‚x$zBup|n tr~rx$x.Švm u(™V|j~jzwƒtKwƒmŽx.xemvu2~K|?‰mŽ–tK~r vtK‚wynmvua‘ l"m5}.‚}$wƒm‚nu>†‡‚n{zws€a|rqƒmmŽxG™V|‚znm5}~rw‡xrz{ua‘ŒÑ‚xu!|xemum €‚~Kxtrmu+mv€‚zws~Kx.¢$x.~K|.u}.nŠvu+max.z{man~Kxuxe~Kznm }.q‡‚x trmQnmv€Ž‰m‚n€a‰em'¶åtr~jxrxŠ mvumŽz%Šv€Ž‰.ax.zw‡qyqƒ~jx.¢”Œ‚n>wy‚–$qƒm-uŠŽzŸ|jtKwsŠvmvu^¢ 3Š‚z‰e~.tr~rqs~K‹6wƒmV‘с‚xu5qyczn~jwƒu>ws ‚ 3m um €‚zwƒ~jx.¢Kx.~K|.u(mÁŒ}~$um‚n~Kxu"x~$u2nŠvuC|rqyz‚z{um‚ }.w‡npws™-|.mvu‘ z m‚xeˆw‡x„tK‚xeu2qy™\|r‚znpws ‚ 3m%mŽz trm‚n>x$wƒ ‚nm'umv€Žzwƒ~Kx$¢ x~|ju"}rnŠvumŽxrz{m‚np~jxu"qƒmvu2€ ~Kx€Žq£|.u>wƒ~jxu(trm·x~rzŸnmŠ‚zŸ|.trm-‘.        

(32)  

(33)        .     . 

(34) . Îwyxeu>w™V|jmËx~|juÂq‡†yŽ”~rxeuÂ}.nŠv€ ŠvtKm‚  m‚xrz3 3max.zws~Kx.xeŠa¢qyA}$q£|r}.‚n>z:trmvu0Š‚zŸ|.trmvuÂ}e~Knpz{max$z:uC|rn tr~rx$x.Švm u!™V|.~rzwƒtKwsm‚x$xmvu'° ~j}m^Åm‚q‡q.m‚z Œ €Ž‰6Ł‚n>zÊc°¦v§\¨‚´¢ ~VÅmm‚z K €‚‰.q‡‚n>–.a|r °¦v§6¨‚´>¢eÆmŽnpn>wsu>¢eÒ'| ‚n . . m‚z=ÇË~jqƒˆ{m °¦v§6§\«v´>¢ÇA|È°¦v§Œ§\¨‚´>¢xr‹Œm‚qsm‚x,m‚z3ҁ‚–.w‡n7°s«­\­-«v´´>¢'‰m‚–e~r vtK‚wynmvu0° ~-Å?mFmŽz Œ €Ž‰.q‡‚np–$a| . °¦v§6¨‚´>¢(ÒnC“¥Ê ‚x~VÅu>ÀKw!°¦v§6§‚´´>¢”~jwynmu^|rntrmvutr~jx.xeŠvm‚u 3m‚xeuC|.m‚qyqsmvuQ°ŸÒ)‚–$wync°¦v§K§-³v´´a‘e¤3Š‚‚x. 3~rw‡xu>¢|rx €vmŽn>z‚wyxÃx~K –rnmRtK†ƒŠazŸ|.trmvuA~Kx$z3|rzwyqywsuŠRtrm uAtr~rx.x.Š mvu0‰~Kn~.tK‚zŠvm u¬°£l(mvmŽ¢ ! m‚vt\“,m‚z K ma‹-|rwyx °¦ §6§-³v´>¢.

(35) ÒnC“¥Êv‚xe~-Åu^À6w!mŽz¤„mŽ w‡np~.ˆCˆc°¦v§\§6¨‚´>¢!Í~jn˜Å;wyx mŽzl2wy}eu~Kxª°s«K­6­6­‚´>¢Í(‰$n>wƒu>zwsm‚¢!Í~KnŸÅw‡x m‚z Q‚n{n>wƒu3°s«K­6­-«v´>¢ . Ï6~K|r‚–mŽn°s«Œ­6­\­‚´´a‘elB3ˆnŠ ™-|.m‚xe€vm3tK†ƒ~j–umŽnC”Œ‚zwƒ~jxmvu>z‹ŒŠ‚xŠŽn>‚qƒm‚ 3max.ztrm3±6­5 w‡xr|rz{mvua‘6Ï6~K|r‚–mŽn°s«Œ­\­6­‚´; |rzwyqywNuŠ5|rxm?ˆnŠ ™-|.m‚xe€vm?trm¦¥­Q w‡xr|rz{mvua‘.͉.n>wsu>zwƒmŽ¢åÍ~jn˜Åw‡x•mŽz c‚n>n>wƒu;°s«Œ­6­\«v´'~rx.zŠ‚zŸ|.tKwƒŠ;qƒm u}$‚n>‚ „ Žzn^m u . trm ‚n€a‰Š5zX~|z{m uqƒm u w‡xr|rz{mvua‘6¤3~K|.u}$np~r}.~$u~Kxu·wƒ€‚wetrm 3maxmŽn(|rxmŠŽzŸ|jtrm'}$q£|.uˆw‡xm;m‚x:nmaz{mŽx.ax.z|rxm ˆnŠ ™-|.m‚xe€vm3tK†ƒ~j–umanC”Œ‚zws~rxtrm3±6­Âum €v~jxtrmvu‘eÎ)}rn vu;a”~jwyn;}.nŠvumax$z{Šcxe~.u?tr~Kx.xeŠ‚mvu°Nu~|ju?um €‚zwƒ~jxA«r‘ƒ¦+´>¢ x~|ju }$npŠ um‚x$zXmŽn^~Kxeu qy¬ 3Šaz‰.~.tr~rqs~K‹6wƒm °Nup~|juAu+mv€‚zws~rxër‘ «v´A™-|.m¬x~|ju a”r~rxu nmaz{maxj|jm¬}.~|n z{mvuCz{mŽn qy†smvˆCˆwƒ€Žv€‚w‡z{Š%trm u2wyx$z{m‚nCn{|r}.zws~Kxutrm€v~Kz‚zws~rxcœ ·|n~KxmÁ6z.ž‚npwsua‘. .

(36)  .          . ¤3~.utK~rxrxŠ mvu}.n>~K”Œwsm‚x.xem‚xrztKm?qy?–.vu+mctŒmQtr~Kx.x.Švm u'wyxrzn>vÐ{™V|.~rzwƒtKwsm‚x$xmvut\†·|n~KxmÁŒz2ž‚npwsutrm3¦v§6§\¨œ «Œ­6­$¦-‘ ¤3~rzŸn^m;Šv€Ž‰.ax.zwyq‡qƒ~jx:wyx$wyzw‡‚qmvu^z2vwyxeu>w€ ~rxeu>zwyzŸ|.Štrm5z{~K|rz{mvuqƒm uwyx$z{m‚n>nC|}$zwƒ~rxeutrm€ ~Kz‚zwƒ~jxG™V|we~rx.z(m|„q‡wƒmŽ| uC|rn?qƒmvu=zwyznmvuct\|Í"Î5ͳŒ­0m‚x.znmqsm”mŽxtKnmvtKw«7—y‚xj”ŒwƒmŽn„¦ §6§6¨7mŽzqƒm”rm‚xtKnm tKw(«Œ¨7trŠ €vmŽ –$n^mš«Œ­6­r¦V‘B’>q €v~jn>npmvu^}~Kxt=œ|xŠv€a‰.‚x$zwyq‡qƒ~rxtrm³Œ§;max.znma}.n>wsumvua‘ ¤3~K|.umÁ€‚q¯|j~jxu5|rx€vm‚n>z‚w‡xAx~r –rnm3tK†ƒmŽxrzn^ma}$n>wƒum u°NmŽz%tr~rxe€3tK†yw‡x.z{m‚nCnC|}$zwƒ~Kxu?trm3€ ~rz‚zwƒ~jx6´trmxe~rzŸnm Š‚zŸ|.trm5¶ •. l(mvuÉm‚xrznma}.n>wƒu+mvuȀ ~Kz{Švm u,}.~K|rn,qy }.npmŽ ws ‚nm®ˆC~rwƒu }.m‚xetK‚x.z¬qy®}eŠ‚n>wƒ~$trm®tK†ƒ~K–eum‚nC”Œ‚zws~rx¶   

(37)   

(38) R°Nmax.zŸnŠvmcmŽx7–.~K|rnum?qƒmQ­6³r²Œ­K²¦v§\§Œ§‚´>¢ 

(39)  c°sm‚x$z˜nŠvmQm‚x. –e~K|rn^u+m,qƒmÉ­6¨K²Œ­².¦¥§6§K§‚´>¢

(40)  )  ) (*+ ) ,*'-

(41). –e~K|rn^u+mqsm¦v±K²Œ­-«j²Œ«Œ­K­r¦´(mŽz •. !"$#%

(42) &'( Ä°Nm‚xrznŠvm,mŽx–~|num. °Nmax.znŠ‚mªmŽx®–~|num@qƒm ¦v§K²Œ­K²6«Œ­K­6­‚´>¢.0/- °Nmax$z˜nŠvm©max. 1

(43) *R°ƒmŽx.zŸn^Š mm‚xQ–.~K|rn^u+mqƒm«6«r²Œ­²¦v§K§6¨‚´a‘. l(mvuzwyznmvun>vtKwƒŠ u%t\|: ‚n€‚‰Š5}mŽxtK‚xrz(q‡}eŠ‚n>wƒ~$trmtK†y~j–.um‚nC”Œ‚zws~rx ¶ 32 K².¦\¦-²Œ«Œ­K­6­›u>|rwyz{mQœq‡†7*  trm8

(44) 

(45) +2, . q‡†y‚–u+~rn>}.zws~Kx }$‚n. qƒmȱ².¦6¦-².¦v§K§6§‚´>¢. 54-#6

(46) 6*A°yn>vtKwƒŠ;qsm. 92a´>¢: ;$ °snpvtKwsŠcqsm­\±K²Œ­6³j²6«­6­\­Gup|.wyz{mQœ.  2<#6´>¢*  ) =°‡npvtKwsŠ›qƒm›«6³r²r­K².¦-§6§Œ¨ uC|.w‡z{m:œ›qy†‡‚–u~jnp}$zwƒ~jx}.‚nQqy.

(47) u~$€‚wsŠ‚z{Š. )  ) *ƒ´C¢ 2Q°yn>vtKwsŠqsm¦v­²¦v­K²K«Œ­6­K­u^|w‡z{mœqy†  Qwyx.w‡zwƒŠ m}$‚n:0 -´>¢ =°sn>vtKwsŠ. qsm­r¦-²­V«r²6«­\­Œ­?uC|.w‡z{m'œ%q‡†7 „  trm ‚´>¢:  Æ.n>‚x.€vm;°snpvtKwsŠ'qƒm'«6«j²Œ­Œ±K²6«r­6­6­QuC|.wyz{m'œ'qy†  ?trm *= . ´a‘. Æ.w‡x.‚qsm‚ 3m‚x.z¢?xe~K|.uA€v~Kxu+m‚nC”~Kxu0|rx Š €‚‰.ax.zw‡qyqs~rx trm¬±,mŽx.znm‚}rn>wƒu+mvu¬°Nu~jwyzA¦6¦‚³ ©  w‡x.z{mŽnpnC|r}.zws~KxuAtrm € ~rz‚zwƒ~KxÃtr~rxrz ¬u>|.u>}mŽxu>ws~rxeu7m‚z7¦v­\¨6«RnŠ um‚nC”Œ‚zws~rxuû´a‘)’>q;x~K|.uÂ}$‚np‚w‡z:m‚xÃ~K|rzn^mËwyx$z{Š‚nmvuu^‚x.z:trm tKwsu>zwyxj‹¥|.m‚n(trm|ŒÁcu~K|.uÐCŠv€‚‰$‚xrzwyq‡qƒ~rxeu°‡”~jwynz‚–.qsm‚a|:¦´¶ •. l2†ƒŠ €‚‰.‚xrzw‡qyqs~rx 7  ¶cqƒm u¬u~.€ŽwƒŠ‚z{Š u¬™-|.w3‚}$}.‚n>zwƒmŽx.xmax$z7a|.  r³K­. t|n>‚x$zFz{~|z{m©q‡ª}eŠ‚n>wƒ~$trm. tK†s~r–u+m‚nC”Œ‚zwƒ~Kx$¢u+~rwƒmax$ze«6³mŽx.zŸn^mŽ}rn>wƒum u°s³ 'wyx$z{m‚n>nC|}rzws~Kxu´a‘ •. l2†ƒŠ €‚‰.‚xrzw‡qyqs~rx¶qƒm uu+~.€‚wsŠaz{Švu?™V|w2x$†y‚}.}$‚n>zwƒmax.xemax.z}$u;a|.  K³Œ­Ât|n>‚x.z'z{~K|rzmqy}Š‚n>ws~.trm. tK†s~r–u+m‚nC”Œ‚zwƒ~Kx$¢u+~rwƒmax$z2¦v±mŽx.zŸn^mŽ}rn>wƒum u° 6¨-«;wyx$z{m‚n>nC|}rzws~Kxu´a‘ ’^xuŠŽn^man2qsmz‚–.qsm‚a|:¦. ¤3~K|.u2}rnŠvumŽxrz{~Kxu"qƒmvuŠv€a‰$‚x.zwyq‡qƒ~jxu}.‚nzŸ“¥}emtK†yw‡xrz{m‚n>nC|}rzws~rxeu(tK‚xuqsmza–.qsm‚a|c«c¶ ’^xuŠŽn^man2qsmz‚–.qsm‚a|c« Ñ3m ‚x.wƒ Žnm‹ŒŠ‚xŠŽn>‚qƒm‚¢Kqƒm·z‚–.qƒmŽa|c« ~jxrzn^m™-|.m¶. qsmxe~r –rnmtrm;nŠvu+m‚nC”Œ‚zwƒ~Kxeu%m u>z(xem‚zŸz{m‚ mŽx.z2}$q£|.uw‡ }e~rn{z‚x$z!™V|jm;qsmxe~r –.n>mtrm?uC|.u>}em‚xu^wƒ~rxeu¶rqƒm u nŠvu+m‚nC”Œ‚zwƒ~jxu€‚~rxuCzw‡zŸ|jmŽx.z§-³6¢s± trmqy†sŠv€Ž‰.‚xrzwyq‡qƒ~jx.¢. qsmcxe~r –rn^mtrmQn^Š um‚nC”Œ‚zws~Kxu5œcqyc‰$‚|.uummvu>z'u>|r}ŠŽnpwsma|rna|7x~r –.nmtrmcnŠ umanC”Œ‚zwƒ~jxuœQqyc–$‚w u+um-‘. Ímv€Žwzn>vt\|w‡zq‡F}$n^Ša}e~rx.trŠŽnp‚xe€‚mAtrm7 3~K|K”mŽ „max$z{u:‰$|.uu>wsm‚nuÂm‚x$zn^m¬¦ §6§6¨¬m‚z«Œ­6­r¦Atj‚xu›x~jz˜nm Š €‚‰.‚x$zwyq‡qƒ~rx$¢. qsmvunŠvu+m‚nC”Œ‚zwƒ~jxuu+~Kx.z}.q£|.uˆûn^Š ™-|.m‚x$z{mvutK‚xeuqy†sŠv€Ž‰.ax.zwyq‡qƒ~jx!¢€ m™-|rw. 3~rx$z˜nm;™-|.mqsmvunŠvu+m‚nC”Œ‚zwƒ~jxu u~jx.zˆ{~Kxe€‚zws~Kx„trmq‡%€‚‚}$wyz‚q‡wƒu>‚zws~rx–.~K|rn^u^wƒ ‚nmV‘. rë¡íé£è  vì òCï¯é ‚èVí ‚è¥ïð+ïƒð3ïsì ‚ô êð>ë¡í?ë^è7ô¥ï‡é ÷£éƒíòè-ï÷yë ƒéyø>ö‚éyë?ì 9$6ó  $ó #Gù ë÷ƒò 6 ò>íŸë:ù‚ë3ùŽèvè-ðë¡í?ù

(48) ô¥ì ‚è¥ëïù‚ë ø¡òCìòøïsðìséƒíŸï‡éaôv ë¡íjù‚ëø  ï òCï‡é‚èù ôvè-ëeê¥òŸ÷yëCô¥ìKëï ÷£ë¡íróðøCéƒíîé‚èVíKë+ï4êaé¯íjù

(49) ô-ì Žè¥ë ‚ï .

(50) ž nŠ um‚x$zX~jxu2qsmvu}$npw‡x.€‚w‡}.‚qƒm u(u>z‚zwsu>zwƒ™V|.mvu2nmŽqy‚zw£”rmvu2œx~rzn>m%Š €a‰.‚x$zwyqyqs~rx‘¥Í~K }$zXmz{mŽxr|trmq‡}mazw‡z{mvuum t\|cx~j c–.nmtrmuC|ju^}m‚xeu>wƒ~jxu>¢Kwyq\x~K|.u2}$‚n> ƒzewƒ€ŽwŒ}$n^Š ˆ{Šan>‚–rqƒm'trmqƒmvumaÁ€Žq£|rnm%tKmq‡†ƒŠŽzŸ|jtrmV‘ xm ˆ{ˆ{mŽz¢6qƒm u . nŠvup|q‡z‚z{u(~r–rz{mŽxr|.u(umŽnp~jxrz}ema|u>w¯‹Vx$wƒˆûwƒ€‚‚zwsˆ{u{‘.  .       

(51) 

(52)                

(53)  

(54)    . с‚xu?q‡3–.vum›trm:tr~rx$xŠ mvuctK† |n>~rxemaÁ6z¢!um|qqƒmš—ƒ~K|rntrm u?nŠvumŽn{”K‚zwƒ~rxeucmvu^zu>}Š €‚wƒˆûwƒŠV‘l(mvu?‰ema|rn^m uctrm trŠ‚–j|zm‚ztrm®ˆw‡x•trm;q‡†ywyx$z{m‚n>nC|}$zwƒ~KxÂxm?u~jxrz(}$vunm‚xeum‚w ‹6xeŠvmvu‘Œž2~K|rn}.‚q‡qywƒmŽn%€vm;}$n^~j–.qs ‚ 3m‚¢ex.~K|.ua”r~rxu }.n~$€‚ŠvtrŠ3trmqy3ˆ ~rxuC|rw£”K‚x.z{m-‘с‚xu5|rxA}rnm‚ wƒm‚nz{ma }u^¢2x.~K|.ua”r~rxu?€ ~r c}$z‚–.wyq‡wƒuŠqsmx~j c–.nm3trm nŠvumŽnC”Œ‚zwƒ~jxu'}.‚nuŠŽ‚x€vmQmaz!}$‚n%zw‡znm-‘rž|rwƒu^¢x~|ju'a”~$xeu'n^mŽz{maxr|Âqƒmvu'}$q£|u‹6n>‚xtruŠ €‚‚n>z{utrmc€v~|nu?°NmŽx maÁr€‚q£|r‚x.zqƒm u}$n^Š Ð{€ŽqƒoKzŸ|rn^m us´%€‚~rn>nmvuC}e~KxtK‚x.z{u'max›|zw‡qywsu>‚xez(qƒm u%tr~jx.x.Š mvu'trmzŸn>‚xu>v€Žzwƒ~jxu}$n^ŠŽ‚qy‚–$qƒm‚ 3m‚xrz nm‚zn>‚wyz{Š mvuC‘¤3~K|.ua”~rxeuŠa‹6‚qƒmŽ „mŽx.z(t3”ŠŽn>wƒˆwsm‚nqsmvu‰m|nmvu'tK†ƒ~|Œ”rm‚n>zŸ|nm5}.~K|rn%€‚‰$v™-|.m5”Œ‚qƒm|nœ;z{~K|rz{mvu qƒm uuŠ‚‚xe€vm u?°s—£|.u™-|r†yŽ|•±6­­6§e¦v§6§K§qƒm? ‚n€‚‰eŠ~|Œ”Knp‚w‡zœ„¦ ­-‰.¢ trmŽ}r|rwƒu>¢wyq ~|Œ”Œnm?œc§-‰K´}.~|n'wƒtrmŽxrzwƒˆwsm‚n qƒm u2nŠvu+m‚nC”Œ‚zwƒ~jxu™-|rw~jxrz ma|cq‡wƒma|mŽxtrŠa–r|rz trmuŠŽ‚x€ m-‘.    .       

(55) . ¤3~K|.u}$n^Š umax.z~rxeuws€‚wqƒmvu5}.n>wyxe€‚w‡}.‚qƒm uu>z‚zwsu>zwƒ™V|.mvutrm u¡€Žn>wy}.zw¯”mvu;€v~jx€‚m‚n>x$¡x$z!xe~rzŸnmŠ €a‰.‚x.zw‡qyqs~rx°s}.~|n |rxm7ŠŽzŸ|jtrm0trŠ‚z‚wyq‡qƒŠ m7trmÂqy†sŠv€Ž‰.‚x.zw‡qyqs~rx.¢·”~rw‡nµÂwƒ€Ž‰.‚qs~rxÈ°s«Œ­\­Œ±‚´´3€ ~r c}$n^max$‚x.z?qƒm u¦v­6¨-« nŠvumŽn{”K‚zwƒ~rxeu € ~rxu^z‚zXŠ mvum‚xrznm3¦ §6§6¨3m‚z«Œ­K­r¦uC|nqsmvu”r‚qƒm|nutK|7ÍÎÍ(³K­K‘rl(m?z‚–.qsm‚a|•±}$nŠvumŽx.z{mctrm uu>z‚zwƒu>zws™-|.mvu }e~K|rn2qƒmvu2m ˆ{ˆCm‚z{u(up|n2qsmvu}.n>w¯Á=mazq‡%t\|nŠ mtrmvu"wyxrz{m‚n>nC|r}rzwƒ~Kxu"}.‚nzŸ“v}mtrm·‰.‚qyz{mV‘ ü  òûõvõ ÷£é øaò{ï‡é Žè·ù‚ëaíKù‚é  sð+ìNë>è¥ïNíjøìséyï ìNë¡íKù ë íŸðC÷yë>øï‡é‚èõŽôvìŒø ŽèVíŸï‡éyï‡ôvë>ìKèvïsìŸëð>ø>öVòûè-ïyé£÷£÷Žè·òûô¥ìòŸéyïsæaõ6ò{ìròûé ÷£÷£ë>ô-ìXíŸæaðC÷£é é£è¥ë+ìŒï ‚ô-ïsë¡í ÷yë¡í$ísô6íîõ¥ë>è6íîé‚èVíjù‚ëe÷ ðpø^öVòûè¥ï‡é£÷ ÷‚èaóëeøë ŸòŸéyïsæ+é£è¥ù ð>õvë>è¥ù-ò ë>è-ï6ù‚ëe÷ƒò$õvë+ïyéyï‡ë¡ííŸëù ëe÷ ðø>ö6òûè¥ï‡é ÷£÷Žèù‚ë íîôVíîõ-ë>è‚é‚è6 íŸæaè‚ô6í è £òûô¥ìîé ‚è6íKõVò>íõvô(ë vò é£è-ëì\÷ ëCô¥ìK ë  ƒéyø¡òø>éyï‡ð ô %/# &%  aæa÷ƒòõ¥ìNð .îø{÷  ï‡ô¥ìNëðïNòûéyï6ù‚ë  +ö +ö¥æaõvô éƒíKùvë +ö +ö%  ôVí ‚ô òXô:%&- &% &#/%&%/%‚æaõvôvéƒíjù‚ë +ö -/%.

(56) ô6í aô £ò6   +ö,-  ôVí a ô  òûô #  /% /#&%/%æ¡ëï-ù‚ë>õ ôvéƒíKëC÷£÷£ëë¡íŸï-ùvë  +ö #  +ö,-/% ê ‚è6íø¡òû÷£ø>ô‚÷yð2÷ƒò ‚ÿë>èvè-ëõ ‚è-ùvðìîðë(ù ë¡íeõ-ìNé òŸÿòûè¥ïj÷ éyëC ô ÷ƒò  ëö¥ëCô¥ìŸëæ é£èvô-ïƒë+æŒíNë+ ø ‚è-ù‚ë!ë+ïK÷ƒò(í  ëù‚ë¡í  ‚ôVíòû ê‚÷£ô ë¡í . vÜ.

(57) ¤„~|ju€‚‚qƒ€|qs~rxeuqynm‚x$z‚–.w‡qywyz{Š5vuu~$€‚wƒŠ mœ'|rxm5wyxrz{m‚nCnC|}$zwƒ~rx:mŽx|zw‡qywsu>‚x.z2qsmtrm‚n>x$wƒm‚n€v~|nu'°  ´a”K‚x.z −. qy'nŠvumŽnC”Œ‚zwƒ~jx:m‚zqƒm€v~|nutrmn^Š ~K|K”m‚n>zŸ|rnm°  ´a‘-l2%nm‚xrza–.w‡qyw‡z{Šmvu>z2€‚‚qs€a|rqƒŠvm€ ~r  „mŠaz‚x$z q‡”K‚npw‡‚zwƒ~jx qƒ~‹6‚npw‡z‰. wƒ™V|jm?trm u}$npw¯Á.  

(58)   ‘.Í~rx.€ m‚n{x$‚x.z2qsmvu'~K|K”m‚n>zŸ|rn^m unm‚z‚ntrŠvm u>¢.xe~K|.u|rzwyq‡wƒu~jxuqƒm?€v~|nu. −. trm?€‚qsorzŸ|rn^m?trm5qyu+Š‚‚x€ m;}rn^Š €vŠ trmax.z{mmŽz(qsm€v~|nu'trmnŠ‚~K|K”mŽnpzŸ|rnm-‘KžB~|n%ŠŽqyw‡ w‡xmanqsmvu „~|Œ”mŽ „max$z{u%t\|. ‚n^€Ž‰ŠŽ¢rx.~K|.u€‚‚qs€a|rqƒ~rxeuqƒm unm‚xrz‚–$wyqyw‡z{Švutrm5qy†‡wyxtKws€vm;ÍÎÍ(³K­K‘ÍmtrmŽn{x$wƒm‚nm u{z(tKwsu>}~Kx$wy–$qƒm'z{~K|rz{mvu·qƒmvu±6­ um €v~rxetrmvua‘ŒÍmŽz˜z{m'nm‚xrz‚–$wyq‡wyz{Š'‹ŒŠŽxŠan>‚qƒm;t\|„ ‚n€a‰Šm uCz(up~|ju^znp‚w‡z{mtrm u(nmŽxrz‚–.wyq‡wyz{Š utrmvuzw‡znpm uwyxetKw£”Œwst\|jmŽq u }~|n~r–rz{mŽx.w‡n)trm u'n^max$z‚–.w‡qywyz{Š u'xmŽz{Ð{t\|.П ‚n€‚‰eŠ-‘r¤3~K|.u'a”~rxeumaÁ€Žq£|7qƒm uwyx$z{m‚n>nC|}rzws~rxeuuC|j€ €vm uu>w£”rmvu€Ž‚n x~|ju"xm}.~K|K”~rxeu2}$vu2vuu~$€‚wsm‚n(trmn^mŽxrz‚–.w‡qywyz{Šœ%€Ž‰.v€a|rxm'tK†ƒmŽxrznm%mŽqyqƒmV‘¥¤~K|.u2a”~jxu(Š‹6‚qƒm‚ 3m‚x$z Š‚q‡wy wyxeŠ qƒm u‰.‚qyz{m u}~K|rn(qsmvu™\|.m‚q‡qƒm uqy'nm‚x.z‚–$wyq‡wyz{Št\|„Í"ÎÍ(³r­;x.†sŠ‚z‚wyz}.vutKwsu>}~jx.wy–$qƒm?°sqsmvu}.nm‚ wƒ anm u( wyxj|z{m utrm qy'uŠ‚‚xe€vm´a‘ l(mvu'u>z‚zwƒu>zws™-|.mvu'tK|:z‚–$qƒmŽa|•±~rx.zŠ‚zŠ?€‚‚qƒ€|qsŠvm uœ;}.‚n>zwyn%trm?§\­cnŠvu+m‚nC”Œ‚zwƒ~jxua‘Kl(mvunŠvumŽn{”K‚zwƒ~rxeu%u+~rxrz vuu~$€‚wsŠvmvuœtrm u 3~K|K”mŽ „mŽx.z{u'trm}$n>w£Á:trmˆû‚wy–$qƒmvu‚ }.qyw‡zŸ|jtrm ua‘KlB;nm‚x.z‚–$wyq‡wyz{Š;‚–u~jq£|.m;xm‚z{ÐCt\|jÐû ‚n€Ž‰.Š 3~K“Vmax$xm;°y 3ŠvtKw‡‚xm+´!m u{z2trm­-¢s§. . °N­-¢‡³ c  ´a”Œ‚x.zqƒm5«Œ±K²Œ­\³r²6«Œ­K­r¦m‚z2trm­-¢ \§Œ­ °N­V¢ƒ±-«r­c´m‚x$znm'qƒm. «Œ±K²Œ­\³r²6«r­6­r¦,m‚z qƒm©«K¨K².¦v«j²6«­6­j¦-‘c¤„~|ju˔ŠŽn>wƒˆws~rxeuwN€Žw3qƒm,ˆ‚w‡z ™V|.m©qy©n^Š‹6qƒm‚ 3m‚x$z‚zwƒ~jx q‡wy wyz{m©qƒm u ˆq¯|j€ŽzŸ|‚zws~rxeutrm€v~|nua‘Î'”‚x$zq‡:nŠa‹6qƒmŽ „mŽx.z‚zws~rx¬ wyu+mGmŽx¬}.qyv€ m›qƒm›«±²Œ­6³r²6«K­Œ­r¦Ž¢qƒm›}.nmŽ wsm‚num|wsq a|rz{~rn>wƒuŠ;Š‚z‚w‡z(trm. ±. ¦v­. . }$‚nnp‚}$}~jn{z2a|:€v~K|rnutrm;qy5”jmŽwyqyqsm-‘\l"m u%um|wsqsu%uC|.w¯”Œ‚x.z{uŠ‚z‚wƒmŽx.z(trm. ±. . }$‚n. n>‚}.}e~Knpza| €v~|nu?trmcnŠ umanC”Œ‚zwƒ~jxAa”mv€3tKmvu; aÁŒwy trm ( «.¦V‘ « Ä  mŽz)trm3Ð+¦v¨-¢   ‘eÎ'|r—ƒ~K|rntK†y‰j|w‡¢2qƒmvu um|w‡q u0u>z‚zwƒ™\|.mvu7u+~rx.z:trm. ±. ¦v­ mŽz3qƒm u7uma|.w‡qƒu7t\“-xe‚ ws™-|.mvu u~rx$z:trm. ±. «;•‘l(mvuÂnŠvu+m‚nC”Œ‚zwƒ~Kxeuœ. qy†s~K|K”m‚n>zŸ|rnm:u~jxrzqywƒŠ mvu?œ:trm u? 3~K|K”m‚ 3max.z{uctrm}$n>w£Á7znp  u?wy }~jn{z‚xrz{ua‘lB3nmax.z‚–$wyq‡wyz{Š3x.mŽz{Ð{t\|.П ‚n€Ž‰.Š ‚–u+~rq£|.m „~“Vmax.x.m5°s „Š tKwy‚xm>´mvu>ztrm¨-¢s± °N¨-¢ƒ§\±6±;Q´a‘.   "!$#&%(''*)+!. ’^xuŠŽn^man2qsmz‚–.qsm‚a|±. Í~r c 3m0qƒmÂnm‚ ‚n™-|.mQÏ¥~K|r‚–mŽn>¢ ! q‡†ƒŠazŸ|.trmFtrm u:tKwsˆ{ˆ{ŠŽnmax.z{u}.‚n>‚ 3 ‚zŸnmvu3a|rz{~K|rn:tKmvu3w‡x.z{man>nC|}rzws~rxeu:trm €v~jz‚zwƒ~KxR}e~.umG|xR}$n~K–.qƒ Ž „m0™-|r‚xtR€ m‚q‡qƒmvu+Ð{€‚wu~jxrz}.m|ªŠ‚qƒ~jw£‹6xŠ mvu›tK‚xu3qsmÂz{m‚ Q}ua‘2l(mvu›mvˆCˆ{maz{u:trm u r.

(59) wyx$z{m‚n>nC|}rzws~rxeuÈuC|.€v€ mvuu>w¯”mvu }m|Œ”mŽx.zRw‡x.z{mŽn^ˆCŠ‚nmanÈm‚z@npm‚xetKnm®w‡xtKwƒu+€vm‚nCx.‚–$qƒmvu qy†‡wy }.v€‚z©tK†£|rxm uma|rqƒm nŠvumŽnC”Œ‚zwƒ~jx×~| uC|.u>}mŽxu>ws~rxe‘lB†s~K–umŽnC”Œ‚zwƒ~jx×tKmvu=”Œ‚n>wy –.qsmvu=‹\ŠŽx Žn^mÂtK‚xeu€ mvu€‚~rxtKw‡zwƒ~Kxeu?|rx¬n^Š uC|rqyz‚z €v~jx.—¯|Œ‹-|.Š‚¢tr~rxe€ˆûa|ju+uŠ-‘!@žB~K|rn%Ša”rwyz{mŽn%trm;z{m‚qsu%m ˆ{ˆ{mŽz{u€v~jx.—£|K‹-|jŠ u>¢ex~|ju‚”~jxu'€‚‰e~rwƒu^wåtK†‡wƒu~jqƒmŽn%€‚‰$v™\|jm wyx$z{m‚n>nC|}rzws~rxÂtK‚xu|rxm;ˆ{m‚xeaznmtrm«K­?—ƒ~|nua‘KÑc|rn>‚x.z2qƒm u¦v­Q—ƒ~|nu'™-|.w$}.nŠv€  vtrm‚xrz(mŽz2qƒm utKw£Á—ƒ~|nu™\|.w uC|rw‡”m‚x$z7qy†‡wyx.z{mŽn>n{|r}rzwƒ~jx.¢wyqx.†¯“ R‚w‡xu>w3a|.€Ž|xemR‰$‚qyz{mV‘l2†ƒŠ €‚‰.‚xrzw‡qyqs~rxmvu>z7‚qs~rnu€ ~rxeu>zwyzŸ|.Šªtrmɦ6§ nŠvumŽnC”Œ‚zwƒ~jxua‘ l2†ƒŠv€Ž‰.‚xrzw‡qyqƒ~jx m u>zF€ ~rxu^wƒtrŠ‚n>‚–$qƒm‚ m‚xrz7nŠvt\|rwyz0 ‚wsuq‡ ˆCm‚xe‚znmªŠ”Š‚xema „max$zFtrm@«Œ­,—s~K|rn^u¬umŽ –$qy‚w‡z }mŽn>zwyx.m‚xrz{mV‘ x m ˆ{ˆ{mŽz¢ tK‚xeu,q‡® „ŠŽz‰.~.trm ™-|.m x~K|.uÈmŽ }$qƒ~“V~rxeu,}.~|n,z{m u>z{man,qy†smvˆ{ˆûwƒ€Žv€‚wyz{Š trmvu wyx$z{m‚n>nC|}rzws~rxeu>¢qƒm u' „m uC|rn^m u~K–umŽnC”Švm u'qƒmvu€Žwyxe™3—ƒ~|nu'a”Œ‚x$zm‚zqƒm u€‚wyxe™3—s~K|rn^u'‚}$n vu'qy?‰$‚qyz{mcu~jx.zqƒm u ”Œ‚qsma|rn^utKw‡z{mvu2xe~rn> ‚qƒmvu‘¥Ñ3m%€ m%ˆû‚wyz¢K}~|n(Š”Œwyz{mŽn(trm}~rq‡q£|.m‚n !'€vmvuB”Œvqsma|rnu!mŽz}.nmŽxt\n^m'm‚x3€v~K }rz{m·|xem Ša”rm‚x.zŸ|.m‚q‡qƒm›wyxemvˆCˆwƒ€Žv€‚w‡z{ŠGtrm ucw‡x.z{mŽnpnC|r}rzwƒ~jxu>¢x~K|.uQa”~rx.u€‚‰e~rwƒu^w·trm›xem3nm‚zm‚x$wyn™V|jm›qsmvuQwyx.z{mŽn{nC|r}.zwƒ~Kxeu mvu^}.v€vŠ mvutK†‡a|G 3~rwyxeutKw£Á—ƒ~K|rnua‘e¤„~|ju'Ž|n>wƒ~jxu'}j|GnŠvt\|rwynm?qsŠ‚‹Œ Žn^mŽ „mŽxrz€vm‚zzmcˆCm‚xŽz˜nm?œ - ¢ - ¢2¨3~K| § —ƒ~|nu ‚wƒuq‡†ƒŠv€Ž‰.‚x$zwyqyqs~rx:~j–.zm‚xr|3tK‚xu€vm u!€Žvux.†ƒŠŽz‚wyz}.vuË}.q‡|ju·wy }~rnCz‚x.z>‘-lBm uwyx.z{mŽn>n{|r}rzwƒ~jxu™V|w.~jx.z qywsma|7m‚xF€ ~K|rn^utrmQuŠ‚‚x.€ m‚¢e ‚wsu' „~jwyxeutrmtrm|ŒÁ:‰ema|rnpm‚u'‚}$n^  u'qy†s~K|K”m‚n>zŸ|rn^m?~|G ~jwyxutrmQtŒm|ŒÁ:‰ema|rn^m u a”Œ‚x$z%q‡„€ŽqƒorzŸ|rnmxm3u~jx.z'}.vu?Š‚zŸ|.tKwƒŠ mvua‘¤3~K|.u?maÁ€Žq£|.~Kxu?Ša‹6‚qsm‚ 3m‚x.ztrmqy†sŠv€Ž‰.‚xrzwyq‡qƒ~jxAqƒmvu?~|Œ”mŽn>zŸ|nmvu nm‚z‚ntrŠvm ua‘6Ñ3m€‚m‚zzmˆûv~Kx$¢.x.~K|.u€Ž‚qƒ€a|rqƒmŽn~rxutrmvu}$‚npa 3 ‚znpm utrm ‚np€Ž‰Š;tŒm|ŒÁ‰ema|rnmvua”Œ‚x$z(maz(trma|KÁ ‚}.n  u:q‡F‰$‚qyz{m }e~K|rn:qƒm u›wyxrz{m‚n>nC|r}rzwƒ~rxeu™-|rw~rx$zcqywsma|Èm‚xȀ‚~K|rnuÂtrmAuŠ‚‚xe€vm-‘¤3~Kzn^m Šv€Ž‰.ax.zw‡qyqƒ~jxÈmvu>z ˆw‡x.‚qsm‚ 3m‚x.z'€v~Kxu^zwyzŸ|.Štrm§3nŠ um‚nC”Œ‚zws~rxu^¢Bu~jwyz%± „  mŽx.znm‚}$n>wƒum ua‘åÍ~j c}.‚n>‚zw£”rm‚ 3max.za|7z‚–.qsm‚a| ¦Ž¢ qsm¥u zwyznm uÍ"Î%¤QÎ%l. . maz Œ Í ?¤ '’{Ñ  ©  x.mˆC~Kx.z}.q¯|ju5}.‚n>zwƒmtrmQqy†ƒŠ €a‰.‚x$zwyqyqs~rx‘¤~|ju5a”~rxeu€Ž‚qƒ€a|rqƒŠtrmvu . u>z‚zwsu>zwƒ™V|jm utrmvu€Žn>wy}.zw¯”mvu'u^|n%€ m;x~K|K”mŽqåŠ €‚‰$‚x.zwyq‡qƒ~jx °‡”.~rw‡nz‚–.qsm‚a|:³v´a‘.Í~r  3m}$nŠ‚€vŠvtrmŽ c 3max.z¢ex.~K|.u €v~jxu>z‚z~rxeu™-|.m?qsmvu'nŠvumŽnC”Œ‚zwƒ~jxuu~jxrz!vu+u~.€ŽwƒŠvm u'œctrmvu' 3~K|K”m‚ 3m‚xrz{utrm?}$n>w£ÁGtrmcˆû‚wy–.qsmvu'‚ }.q‡wyzŸ|.trmvua‘. l2nm‚x$z‚–.wyq‡wyz{Š ‚–u+~rq£|.m xmŽz{Ð{t\|.Ð ‚n^€a‰eŠ „~\“6m‚xrxm©°‡ „Š tKwy‚xem´Fm u>zGtrm¬­-¢‡³Œ§K­ °N­-¢ƒ±$¦‚«;Q´Fa”r‚x.z›qƒm. «Œ±K²Œ­\³r²6«r­6­r¦:mŽz)trm3­V¢±6§K­ °N­-¢¦v§K­Q´mŽx.znmqƒm«Œ±²Œ­6³r²6«K­Œ­r¦›m‚z'qƒm«r¨K².¦v«j²6«Œ­Œ­j¦-‘BÍmvu; 3~K“6m‚xrxm u?m‚z 3ŠvtKwy‚xemvuu~rx$z€ ~Kxu>wstrŠ‚n>‚–.qsm‚ 3max.znŠ t\|w‡z{mvuQ}.‚ncn>‚}.}.~jn>zœG€ m‚q‡qƒmvuQnm‚}e~rn>z{Š‚mvutK‚xuQqƒm›z‚–.qsm‚Ž| ±K‘2l2 €v~jxu>zw‡zŸ|zws~Kx„trm·qy†ƒŠ €‚‰$¡x$zwyqyqs~rx%tK~rx.€'Š‚qyw‡ w‡xŠqsmvu" „~|Œ”Œm‚ 3m‚xrz{utrm}rn>w£Á?qƒmvu"}.q¯|ju"wy }~Kn>z‚xrz{ua‘. .

(60)   . "#  ) ) '*)"% . ¤3~K|.uÂ}.nŠvu+m‚xrz{~Kxu•wƒ€‚w?qsmvu 3Š‚z‰e~.trmvu0™-|.mAxe~K|.uÂx~|juÂ}$n~r}.~.u+~rxu0trmuC|rw£”ŒnmË}~K|rn7Š‚zŸ|.tKwƒmŽnGqNm €v~j c}~jn{z{mŽ m‚xrztrm u?nm‚xrz‚–.w‡qyw‡z{Švu3°Nu~|juQumv€Žzwƒ~rx «r‘ «j‘ƒ¦´>¢t\|F”~jq‡| 3m:mŽztrm3qy”r~rqy‚zw‡qswyz{Š7°Nu+~K|.ucumv€Žzwƒ~jx «r‘ «r‘ «v´a‘.    ") ) #

Références

Documents relatifs

Abbreviations used: DMEM, Dulbecco’s modified Eagle’s medium; ERK, extracellular-signal-regulated kinase; GFP, green fluorescent protein; GST, glutathione S-transferase;

To test whether the vesicular pool of Atat1 promotes the acetyl- ation of -tubulin in MTs, we isolated subcellular fractions from newborn mouse cortices and then assessed

Néanmoins, la dualité des acides (Lewis et Bronsted) est un système dispendieux, dont le recyclage est une opération complexe et par conséquent difficilement applicable à

Cette mutation familiale du gène MME est une substitution d’une base guanine par une base adenine sur le chromosome 3q25.2, ce qui induit un remplacement d’un acide aminé cystéine

En ouvrant cette page avec Netscape composer, vous verrez que le cadre prévu pour accueillir le panoramique a une taille déterminée, choisie par les concepteurs des hyperpaysages

Chaque séance durera deux heures, mais dans la seconde, seule la première heure sera consacrée à l'expérimentation décrite ici ; durant la seconde, les élèves travailleront sur

A time-varying respiratory elastance model is developed with a negative elastic component (E demand ), to describe the driving pressure generated during a patient initiated

The aim of this study was to assess, in three experimental fields representative of the various topoclimatological zones of Luxembourg, the impact of timing of fungicide