%<=$1=
2867
2868
2869
2870
2871
/HR 9 GHU $UPHQLHU Q &KU $( )ROOLV J Q &KU 0]VW 6\UDNXV 9V Λ ( IURQWDOH ElUWLJH % VWH YRQ /HR 9 PLW .URQH /RURV X .UHX] U LP )HOG 6WHUQ 5V . 21&7 IURQWDOH XQElUWLJH % VWH YRQ &RQVWDQ WLQ PLW .URQH &KODP\V X .UHX]JOREXV LP )HOG & , '2& 6HDU 6RPPHU 0%5 $QDVWDVL 6LFLOLD 'XQNHOJU QH 3DWLQD VV JXWHV VV ±
2872
7KHRSKLORV Q &KU 6ROLGXV J Q &KU 0]VW .RQVWDQWLQRSHO 9V P,;$+/ 6 &2167$1 7,1V IURQWDOH GUDSLHUWH % VWHQ GHV 0LFKDHO ,, JHVW Q &KU X &RQVWDQWLQ JHVW Q &KU PLW .URQHQ GDU EHU .UHX] 5V Θ(2), /26 E$6,/( Θ IURQWDOH GUDSLHUWH % VWH GHV 7KHRSKLORV PLW .URQH 3DWULDFKHQNUHX] X $NDNLD '2& G 6HDU ) HJ 1RPLVPDWD + \ *ROG )DVW Y] ±
2873
7KHRSKLORV Q &KU 7UHPLVVLV J Q &KU 0]VW 6\UDNXV 9V Θ( R&,/2V IURQWDOH % VWH PLW .URQH /RURV X .UHX] 5V Θ(R &,/2V IURQWDOH % VWH PLW .URQH &KODP\V X .UHX]JOREXV '2& D 6HDU 6RPPHU 0%5 $QDVWDVL 6LFLOLD D WHVWH TXDG UDQJRODUL *ROG Y] ±
2874
%DVLOLRV , GHU 0DNHGRQH Q &KU 6ROLGXV J Q &KU 0]VW .RQVWDQWLQRSHO 9V ,K6 ;36 5(; 5(*1$17,90 WKURQHQGHU &KULVWXV PLW .R GH[ 5V E$6,/,26 (7 &2167$17 $9** E IURQWDOH EHNU|QWH +DOEILJXUHQ GHV %DVLOLRV , PLW /RURV X .RQVWDQWLQ PLW &KODP\V EHLGH KDOWHQ HLQ 3DWULDUFKHQNUHX] '2& E 6HDU 6RPPHU 0%5 ) HJ 1RPLVPDWD % *ROG )DVW Y] ±
2875
%DVLOLRV , GHU 0DNHGRQH Q &KU 6ROLGXV J FD Q &KU 0]VW XQEHNDQQW 9RUELOG .RQVWDQWLQRSHO 9V ,K6 ;36 5(; 5(*1$17,90 WKURQHQGHU &KULVWXV PLW .RGH[ 5V E$6,/,26 (7 &2167$17 $9** E IURQWDOH EHNU|QWH +DOEILJXUHQ GHV %DVLOLRV , PLW /RURV X .RQVWDQWLQ PLW &KODP\V EHLGH KDO WHQ HLQ 3DWULDUFKHQNUHX] 9JO '2& F 6HDU 6RPPHU 0%5 ) HJ 1RPLVPDWD & ,QRIIL]LHOOH VXElUDWH 3UlJXQJ *ROG Y] VW ±
2876
%DVLOLRV , GHU 0DNHGRQH Q &KU 6ROLGXV J Q &KU 0]VW .RQVWDQWLQRSHO 9V ,K6 ;36 5(; 5(*1$17,90 WKURQHQGHU &KULVWXV PLW .R GH[ 5V E$6,/,26 (7 &2167$17 $9** E IURQWDOH EHNU|QWH +DOEILJXUHQ GHV %DVLOLRV , PLW /RURV X .RQVWDQWLQ PLW &KODP\V EHLGH KDOWHQ HLQ 3DWULDUFKHQNUHX] '2& F 6HDU 6RPPHU 0%5 ) HJ 1RPLVPDWD ' FRDUVHU VW\OH *ROG )DVW Y] ±
/HR 9 GHU $UPHQLHU Q &KU $( )ROOLV J Q &KU 0]VW 6\UDNXV 9V )URQWDOH GUDSLHUWH % VWHQ YRQ /HR 9 ElUWLJ X &RQVWDQWLQ XQElUWLJ PLW .URQHQ GD]ZLVFKHQ 3XQNW GDU EHU .UHX] 5V *UR HV Λ ā . ,QLWLDOLHQ GHU .DLVHU GDU EHU .UHX] '2& D 6HDU 6RPPHU 0%5 $QDVWDVL 6LFLOLD 6FKZDU]JU QH 3DWLQD 9V NOHLQHU 6WHPSHOIHKOHU JXWHV VV ±
/HR 9 GHU $UPHQLHU Q &KU $( )ROOLV J Q &KU 0]VW 6\UDNXV 9V )URQWDOH GUDSLHUWH % VWHQ YRQ /HR 9 ElUWLJ X &RQVWDQWLQ XQElUWLJ PLW .URQHQ GD]ZLVFKHQ 3XQNW GDU EHU .UHX] 5V *UR HV Λ ā . ,QLWLDOLHQ GHU .DLVHU GDU EHU .UHX] '2& D 6HDU 6RPPHU 0%5 $QDVWDVL 6LFLOLD 'XQ NHOJU QH 3DWLQD VV ±
0LFKDHO ,, GHU $PRULHU Q &KU $( 1XPPL J Q &KU 0]VW 6\UDNXV 9V P,;$ +/ 6 Θ(2) EHNU|QWH % VWHQ YRQ 0LFKDHO ,, PLW %DUW X &KODP\V VRZLH 7KHRSKLORV PLW /RURV GD]ZLVFKHQ 3XQNW 5V *UR HV 0 GDU EHU .UHX] GDUXQWHU Θ '2& 6HDU 6RP PHU 0%5 $QDVWDVL 6LFLOLD 0H]]R IROOLV 6FKZDU]JU QH 3DWLQD JXWHV VV ±
7KHRSKLORV Q &KU 6ROLGXV J Q &KU 0]VW 6\UDNXV 9V Θ( R&,/RV IURQWDOH % VWH PLW .URQH /RURV X .UHX] 5V Θ(R &,/RV IURQWDOH % VWH PLW .URQH &KODP\V X .UHX]JOREXV '2& 6HDU 6RP PHU 0%5 $QDVWDVL 6LFLOLD G *ROG Y] ±