)&$7)$&8/'$'('(&$67$1+$/ /LVWmRGRV$SURYDGRV 3URFHVVR6HOHWLYR &8562 $1È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Ð1&,2&25'(,52'(/,0$1(72 *,29$11$'$61(9(6%$5%26$ *,29$11$62$5(6)5(,5('(628=$ *8,/+(50($1721,2'$&267$1(72 +$5/,621-26()(55(,5$'266$1726 ,*25'(2/,9(,5$'$6,/9$ -+21$7$('8$5')$5,$6'(2/,9(,5$ -25'$17(,;(,5$9,$1$ -26(:(/,1*721%$5%26$'(/,0$ -26,$1$'262&2552)(55(,5$)857$'2 -2m23('523$,9$'$6,/9$*y(6 -p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mRGRV$SURYDGRV 3URFHVVR6HOHWLYR &8562 $1È/,6(('(66,67(0$612,7( 120( 5(,1$/'2/8,='266$1726-81,25 5(1$1$/0(,'$'$6,/9$ 5,7$'(&$66,$'$6,/9$%$7,67$ 52%621&/(<52&+$'$6,/9$ 6$%5,1$0,5$1'$628=$ 6$0$5$/,0$'(628=$ 6$0$5$5$1*(/<*20(6'21$6&,0(172 6(%$67,$2$6681o$2'266$1726 6(5*,25(1$1'265(,6%5$*$ 6<'1(<%58123,1726,/9$ 6i9,2+(15,48(6$1726'($/&k17$5$ 7$0,5(6È9,/$*20(6 7+,$*2&85,2620$548(6*20(6 7+<$*26,/9$7255(6 7,(*225/$1'202'(672'(6286$ :$/%(57(,;(,5$12*8(,5$ :(/,6621*867$92'(/,0$6,/9$ :(//,1*7211(*5m2'2526i5,2-81,25 :(1'(5621$/0(,'$025$(6 :,//,$06%58112'21$6&,0(172/,0$