0% found this document useful (0 votes)
150 views43 pages

Tema 4

This document covers the topic of derivatives and differentials in mathematics. It includes sections on the introduction, concept of the derivative, another interpretation of the derivative concept, relationship between differentiability and continuity, derivative function, rules of derivation, Rolle's theorem and mean value theorem, and differential of a function at a point. It provides examples and exercises to illustrate key concepts related to derivatives and differentials.

Uploaded by

Hector Puca
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
150 views43 pages

Tema 4

This document covers the topic of derivatives and differentials in mathematics. It includes sections on the introduction, concept of the derivative, another interpretation of the derivative concept, relationship between differentiability and continuity, derivative function, rules of derivation, Rolle's theorem and mean value theorem, and differential of a function at a point. It provides examples and exercises to illustrate key concepts related to derivatives and differentials.

Uploaded by

Hector Puca
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 43



7(0$
'HULYDGD\'LIHUHQFLDO




&RQWHQLGRV


 ,QWURGXFFLyQ
 &RQFHSWRGHGHULYDGD
 2WUDLQWHUSUHWDFLyQGHOFRQFHSWRGHGHULYDGD
 5HODFLyQHQWUHGHULYDELOLGDG\FRQWLQXLGDG
 )XQFLyQGHULYDGD
 5HJODVGHGHULYDFLyQ
 7HRUHPDVGH5ROOH\GHOYDORUPHGLR
 'LIHUHQFLDOGHXQDIXQFLyQHQXQSXQWR


(MHUFLFLRVUHVXHOWRV

(MHUFLFLRVSURSXHVWRV




1. ,QWURGXFFLyQ

.CRGPFKGPVGFGWPCTGEVCXKGPGFCFCRQT
[  [
Z   Z

6 1

VID 

=?

FQPFG Z  [  Z   [ UQPFQURWPVQUEWCNGUSWKGTCFGNCTGEVC[DGUGNPIWNQSWGHQTOCGN
GLG1:EQPFKEJCTGEVC
GPGNUGPVKFQEQPVTCTKQCNCUCIWLCUFGNTGNQL 

.CRGPFKGPVGFGWPCTGEVCGUEQPUVCPVGUWXCNQTOPQFGRGPFGFGNQURWPVQU Z  [ 

1 Z  [ 6 GNGIKFQU 'UVQ KPHQTOCNOGPVG JCDNCPFQ KPFKEC SWG NC KPENKPCEKP FG NC TGEVC GU NC


OKUOCGPVQFQRWPVQ
\


(MHPSOR

6HD OD IXQFLyQ OLQHDO

[    FX\D JUiILFD HVWi GDGD SRU HO FRQMXQWR

I [

=1[  \ 6   [  \ I [ [  B HVGHFLUHVODUHFWDGHHFXDFLyQ \
\ 1 6 TXHSHUWHQHFHQDODUHFWDVHWLHQH



 
$VLPLVPRSDUDORVSXQWRV  \  VHWHQGUi

1 6 1 6
P

 
  







 \ D

6 1

1 6

[   'DGRVORVSXQWRV  



DUFWJ 

D 

6
I 1[ 6

[    

(QJHQHUDOSDUDFXDOTXLHUSDUGHSXQWRV [   \  [   \  GHODUHFWDHVGHFLU
\
VHWHQGUiTXH
P

I [

[    H \ 

1 6 1 6

I [   I [
[   [

[     [   
[   [

[   [
[   [




5KNCHWPEKPHPQGUNKPGCNGPVQPEGUCNPQUGTUWITHKECWPCNPGCTGEVCPQVGPFT
RQTSWXGTKHKECTUGSWGNCQKPENKPCEKPRUGOCPVGPICEQPUVCPVGGPVQFQUNQURWPVQU



[


'UVQ SWG GUVCOQU NNCOCPFQ GP VTOKPQU KPVWKVKXQU NC KPENKPCEKP FG NC EWTXC GP WP
RWPVQGUNQSWGHQTOCNOGPVGUGFGPQOKPCRGPFKGPVGFGNCEWTXCGPWPRWPVQ
0VGUG SWG GP GN ECUQ FG HWPEKQPGU PQ NKPGCNGU CN JCDNCT FG RGPFKGPVG GU RTGEKUQ
GURGEKHKECTGPSWRWPVQUGECNEWNCRWGUEQOQCECDCOQUFGXGTUWXCNQTGUFKHGTGPVGUGIPGN
RWPVQEQPUKFGTCFQ.CRGPFKGPVGFGWPCEWTXCGPWPRWPVQGUVFGVGTOKPCFCRQTNCFGNCTGEVC
VCPIGPVGCNCEWTXCGPFKEJQRWPVQ.CRTGIWPVCSWGUWTIGFGOCPGTCPCVWTCNGU%WNGUNC
RGPFKGPVGFGNCTGEVCVCPIGPVGCWPCEWTXCGPWPRWPVQ!
.CHQTOCOUFKTGEVCFGQDVGPGTNCRGPFKGPVGUGTCFKDWLCTNCEWTXC[NCTGEVCVCPIGPVG
[ HKPCNOGPVG FG CEWGTFQ EQP =? ECNEWNCT NC VCPIGPVG FGN PIWNQ D 'UVG OVQFQ UKP
GODCTIQ RWGFG EQPFWEKTPQU C WP TGUWNVCFQ GTTPGQ FGDKFQ C RGSWGCU FGUXKCEKQPGU GP GN
VTC\CFQFGNFKDWLQ2CTCQDVGPGTNCRGPFKGPVGFGNCTGEVCVCPIGPVGFGWPCOCPGTCOURTGEKUC
DCUVC QDUGTXCT SWG FKEJC TGEVC QEWRC NC RQUKEKP NOKVG FG WPC UGTKG FG TGEVCU UGECPVGU C NC
EWTXCGPGNRWPVQFGVCPIGPEKC2[GPQVTQRWPVQSWGXCCRTQZKOPFQUGC2
'PGHGEVQUGCWPCHWPEKPHEW[CITHKECGUVFGVGTOKPCFCRQTNCGEWCEKP [
[ UGC 2

H
Z 

Z   H
Z   .C RGPFKGPVG FG NC TGEVC VCPIGPVG UGT GN NOKVG UK GZKUVG FG NCU

6 1

RGPFKGPVGUFGNCUTGEVCUUGECPVGUCNCEWTXCGP 2 3  2 3 WEWCPFQ 3K GUVECFCXG\


OURTZKOQC2
Z
3|

G Y|
3l

G Yl
G Ye
G Y

3e
Ye



Yl

Y|

2QT VCPVQ FCFQU 2


TGEVCVCPIGPVGCNCEWTXC [

Z   H
Z   [  3

Z c H
Z c EQP Z c z Z   NC RGPFKGPVG FG NC

H
Z GPGNRWPVQ2XKGPGFCFCRQT
O H
2

NKO

3o 2

0 5

H Z c  H
Z

Z c  Z

UK FKEJQ NOKVG GZKUVG 'UVG POGTQ O H


2  GP ECUQ FG GZKUVKT FGHKPKT FG OCPGTC GZCEVC [
RTGEKUCNCQKPENKPCEKPRFGNCEWTXC [

H
Z GP 2

FGNCTGEVCVCPIGPVGCNCEWTXCGP2

[  H
Z

(MHPSOR
Z

Z   H
Z  UKGPFQGPVQPEGUNCGEWCEKP

O H
2 Z  Z  

+DOODUODSHQGLHQWHGHODUHFWDWDQJHQWHDODJUiILFDGH I [ [  HQHOSXQWR 3  



3|
&DOFXOHPRV HQ SULPHU OXJDU OD SHQGLHQWH GH OD
UHFWD VHFDQWH D OD FXUYD HQ ORV SXQWRV 3 \
  I 
 
  
4  
2
   
P
 


 
(OYDORUHVXQDHVWLPDFLyQGHODSHQGLHQWH 
Y




3DUDPHMRUDUODHVWLPDFLyQUHSHWLPRVHOSURFHVRFRQODUHFWDVHFDQWHHQ 3\XQSXQWR 4 
SUy[LPRD3TXH 4 

1 6


  
  PiV

 


 


 
7HQLHQGR HQ FXHQWD HO UD]RQDPLHQWR SUHFHGHQWH DO HMHPSOR OD SHQGLHQWH P  3  GH OD UHFWD WDQJHQWH D OD
P

JUiILFD GH I [

[   HQ 3

  VHUi HO OtPLWH GH ODV SHQGLHQWHV GH ODV UHFWDV VHFDQWHV HQ 3

  \

4 [  I [ [  [ FXDQGR4WLHQGHKDFLD3SDUDORFXDOEDVWDTXH [ o  \DTXHSRUVHU I [
IXQFLyQFRQWLQXD I [ o  FXDQGR [ o  
3RUWDQWR
I [  I 
[   
P I 3 OLP
OLP


[ o
[ o [  
[ 
\RSHUDQGRUHVXOWD

[  XQD

P I 3

1[  61[  6
OLP

[ o

[ 



1 6

OLP [  
[ o



>@

2. &RQFHSWRGHGHULYDGD

'NNOKVG=?ECNEWNCFQCPVGTKQTOGPVGSWGPQUFGVGTOKPCGNXCNQTFGNCRGPFKGPVGFGNC
TGEVCVCPIGPVGCNCITHKECFG H
Z
H
Z

Z  GP Z

Z  GP 2


 GUFGJGEJQNCFGTKXCFCFGNCHWPEKP

 'PIGPGTCNNCFGHKPKEKPFGNEQPEGRVQFGFGTKXCFCFGWPCHWPEKPGPWP

RWPVQGUNCUKIWKGPVG

&GHKPKEKP 5GC H  +  o   + KPVGTXCNQ CDKGTVQ FG   .C FGTKXCFC FG H  GP Z  + 
GUVFGHKPKFCRQT
H
Z  H
Z

Z  Z
UKGUVGNOKVGGZKUVG%WCPFQGUVQUWEGFGUGFKEGSWGHGUFGTKXCDNGGP Z
NKO

=?

Z o Z

Z  




'NNOKVG=?UGFGPQVCJCDKVWCNOGPVGRQT
H c
Z   

1 6 &H 1 Z 6 

FH Z 

FZ

.CGZRTGUKP=?VCODKPRWGFGGUETKDKTUGFGHQTOCCNVGTPCVKXCEQOQ

1 6

6 1 6

H Z   'Z  H Z 

H c Z

FQPFGCRCTVKTFG=?

'Z Z  Z
%&

''H 1 Z 6 H 1 Z  'Z6  H 1 Z 6

NKO

'Z

'Z o 

NKO

'Z o 

1 6

'H Z 

=O?

'Z

6CN EQOQ UG CECDC FG UGCNCT NC FGTKXCFC FG WPC HWPEKP [

05

H Z  GP WP RWPVQ Z  

XKGPGFGHKPKFCRQTGNNOKVGSWGUGKPFKECGP=?EWCPFQUVGGZKUVGRCTCNQEWCNGUPGEGUCTKQ[
UWHKEKGPVGSWG
x 'ZKUVCGNNOKVGRQTNCFGTGEJC NKO

H
Z  H
Z

Z  Z

=?

x 'ZKUVCGNNOKVGRQTNCK\SWKGTFC NKO

H
Z  H
Z

Z  Z

=?

Z o Z
Z ! Z

Z o Z
Z  Z

[CODQUNOKVGUEQKPEKFCP

.CU GZRTGUKQPGU =? [ =? FGHKPGP TGURGEVKXCOGPVG NQ SWG UG FGPQOKPC FGTKXCFC RQT NC
FGTGEJC[FGTKXCFCRQTNCK\SWKGTFCFGHGP Z

Z  
FGTKXCFCUNCVGTCNGU 'UVQUFQUEQPEGRVQU

GZVKGPFGP NC FGHKPKEKP FG FGTKXCFC FG WPC HWPEKP GP Z

6 1

PKECOGPVGFGHKPKFCGP Z   D  D Z  TGURGEVKXCOGPVG




Z   EWCPFQ FKEJC HWPEKP GUV

6GPKGPFQGPEWGPVCGNUKIPKHKECFQIGQOVTKEQFGNCFGTKXCFCEQOQRGPFKGPVGFGWPCEWTXC
GPWPRWPVQNCUGZRTGUKQPGU=?[=?EQTTGURQPFGPCNCUUKIWKGPVGUUKVWCEKQPGU

Z

ZG Y 

ZG Y 

Z

3|
3l
2

3{|

Y
FRUUHVSRQGHDODH[SUHVLyQ>@

3{l

Y

Y

2

FRUUHVSRQGHDODH[SUHVLyQ>@

Y



.C FGTKXCFC RQT NC FGTGEJC FG H  GP Z

Z   FGHKPKFC RQT NC GZRTGUKP =? EWCPFQ

GZKUVG UG FGPQVC RQT Hc


Z   FGN OKUOQ OQFQ NC FGTKXCFC RQT NC K\SWKGTFC UG FGUKIPC
RQT Hc
Z  #UUKHGUFGTKXCDNGGP Z

Z  GPVQPEGUGZKUVG=?[UGVKGPGSWG

1 6

H c
Z 

'DGDODIXQFLyQ I [

(MHPSOR
/DJUiILFDGHIHV

1 6

Hc Z 

Hc Z  

%&[[  FDOFXODU I c16 


'   [[ 1

 Z



 




/DGHULYDGDGHIHQ [  HVODSHQGLHQWHGHODUHFWDWDQJHQWHDHVWDJUiILFDHQHOSXQWR 3$KRUDELHQVLVH
GLEXMDGLFKDWDQJHQWHFRPRHOOtPLWHGHVHFDQWHVHQ   I  \ [  I [ FRQ [ !  \WDPELpQFRQ [   

2 1 67 2 1 67

VHREWLHQH

 Z
S

S{




SZY




S{ZY

 



/DVUHFWDVU\UVRQWDQJHQWHVDODJUiILFDGHIHQ
3 +D\ SRU OR WDQWR GRV SHQGLHQWHV /DV
SHQGLHQWHVGHHVWDVUHFWDVVRQORVYDORUHVGHODV
GHULYDGDVODWHUDOHVGHIHQ [  \GDGRTXHU\U
VRQGLVWLQWDVWDPELpQORVHUiQODVGHULYDGDVSRUOD
GHUHFKD \ SRU OD L]TXLHUGD HQ [   3RU WRGR
HOORGHGXFLPRVTXHIQRHVGHULYDEOHHQ [  




$QDOtWLFDPHQWHVLFDOFXODPRVODVGHULYDGDVODWHUDOHVREWHQHPRVTXH
 [ 
 [ 
[  
[
  I c 
I c 
OLP
OLP
OLP
OLP

[ o
[ o [  
[ o [  
[ o
[ 
[ 
(OYDORUHVSUHFLVDPHQWHODSHQGLHQWHGHODUHFWD U\HOYDORUHVODSHQGLHQWHGHODUHFWD U
$VtSXHVH[LVWHQODVGHULYDGDVODWHUDOHVSHURQRFRLQFLGHQSRUORTXH IQRHVGHULYDEOHHQ [  


16

16



16
1 61

(MHPSOR
'DGDODIXQFLyQ I [ [   [ FDOFXODU I c  
'HDFXHUGRFRQODGHILQLFLyQ
I [ I 
[  [ 
[  [ 
I c  OLP
OLP
OLP
OLP [    
[ o
[

[

[ o
o
o
[ 
[ 
[ 
3RUWDQWR I c   \DVLPLVPRH[LVWHQ I c  \ I c  VLHQGRHOYDORUGHDPEDVWDPELpQLJXDOD 

16

16

1 6 16

16 16



3. 2WUDLQWHUSUHWDFLyQGHOFRQFHSWRGHGHULYDGD

#FGOUFGNUKIPKHKECFQIGQOVTKEQFGNCFGTKXCFCEQOQRGPFKGPVGFGNCTGEVCVCPIGPVG
C NC ITHKEC FG WPC HWPEKP GP WP RWPVQ VCODKP GU RQUKDNG KPVGTRTGVCT NC FGTKXCFC EQOQ NC
TC\P FG ECODKQ FG WPC HWPEKP TGURGEVQ FG WPC CNVGTCEKP GP GN XCNQT FG NC XCTKCDNG
KPFGRGPFKGPVG#UFCFCNCHWPEKP [
'[
'Z o  'Z
NKO

05

H Z GNEQEKGPVG

6 1 6

H Z   'Z  H Z 

NKO

'Z

'Z o 

TGRTGUGPVC NC QTC\P OGFKC FG ECODKQR FG NC XCTKCDNG [


Q FG NC HWPEKP H  GP GN KPVGTXCNQ
Z   Z   'Z  FG XCTKCEKP FG NC XCTKCDNG KPFGRGPFKGPVG Z 'P QVTCU RCNCDTCU '[ 'Z  GU NC

05

TGURWGUVCGP[EQTTGURQPFKGPVGCWPECODKQWPKVCTKQGPZ#URQTGLGORNQUK ' V TGRTGUGPVC


GNGURCEKQTGEQTTKFQGPHWPEKPFGNVKGORQVGPWPFGVGTOKPCFQOQXKOKGPVQGPVQPEGU '' 'V 
GU NC XGNQEKFCF OGFKC GP GN TGEQTTKFQ ''  SWG JC UKFQ TGCNK\CFQ FWTCPVG 'V  WPKFCFGU FG
VKGORQ5KECNEWNCOQU
'[
'Z o  'Z
NKO

1 6

NKO

6 1 6 

H Z   'Z  H Z 
'Z

'Z o 

GU FGEKT NC FGTKXCFC H c Z   QDVGPGOQU NC QTC\P FG ECODKQ KPUVCPVPGCR Q UKORNGOGPVG
QTC\PFGECODKQRFG[TGURGEVQFGZEWCPFQ Z

Z  

'UVGNOKVGTGHNGLCNCQVGPFGPEKCRGPGNXCNQT
KPUVCPVGUKNCXCTKCDNGKPFGRGPFKGPVGGUV 
EQPETGVQ Z

Z  FGNCTGURWGUVCFG [

05

H Z CWPECODKQWPKVCTKQFGNCXCTKCDNGZ'NXCNQT

FGN NOKVG RTQRQTEKQPC KPHQTOCEKP VCPVQ FG NC OCIPKVWF EQOQ FG NC QFKTGEEKPRFGNECODKQ

05

SWGGZRGTKOGPVC H Z EQOQTGUWNVCFQFGWPCCNVGTCEKPGPZEWCPFQ Z

(MHPSOR

6HD H W

Z  

 W   HO HVSDFLR UHFRUULGR SRU XQ PyYLO HQ W VHJXQGRV 'XUDQWH HO LQWHUYDOR GH

16 16

16

WLHPSR W  FRQ W !   HO PyYLO VH GHVSOD]D H W  H   W      PHWURV VLHQGR OD YHORFLGDG PHGLD
UD]yQGHFDPELRPHGLR HQHVHSHUtRGR 
 W   
H W H 
 W   PHWURVVHJXQGR
W 
W 
+DFLHQGRWHQGHU WKDFLDVHREWLHQHODYHORFLGDGGHOPyYLOHVGHFLUHOLQFUHPHQWRH QODIXQFLyQ H W SRU
XQLGDGGHFDPELRHQVXYDULDEOHLQGHSHQGLHQWH WHQHOLQVWDQWH W   UD]yQLQVWDQWiQHDGHFDPELR 
H W H 
OLP
OLP  W   P VJ 
W o
W o
W 
(VWH OtPLWH HQ UHDOLGDG HV XQ OtPLWH SRU OD GHUHFKD  W o     SHUR HO UD]RQDPLHQWR SXHGH UHSHWLUVH SDUD
LQWHUYDORVGHODIRUPD W  FRQ W   REWHQLpQGRVHHOPLVPRUHVXOWDGRSDUDHOOtPLWHSRUODL]TXLHUGD$Vt 

16 16 3

8 1 6

16 16

16 16

H W H 

 P VJ 
W 
(OKHFKRGHVHU H c   VLJQLILFDTXHHQ W  HOHVSDFLRUHFRUULGRFUHFHDXQDWDVDGHXQLGDGHVSRU
FDGDXQLGDGTXHVHLQFUHPHQWDW

16

OLP

1 6

W o



 5HODFLyQHQWUHGHULYDELOLGDG\FRQWLQXLGDG

1DUTXGUGSWGNCFGHKPKEKPFGFGTKXCFCFGWPCHWPEKPHGPWPRWPVQ Z  PQFCRQT
UWRWGUVQ SWG UVC UKGORTG GZKUVC PKECOGPVG RWGFG JCDNCTUG FG FGTKXCFC EWCPFQ GN NOKVG
KPFKECFQGP=?GUVFGHKPKFQNQEWCNRWGFGPQUWEGFGTRQTWPQFGNQUUKIWKGPVGUOQVKXQU

C  0QGZKUVGCNIWPCFGNCUFGTKXCFCUNCVGTCNGUFGHGP Z  

1 6

1 6

D  'ZKUVGP Hc Z  [ Hc Z  RGTQPQEQKPEKFGP


'UVCUUKVWCEKQPGUUGKNWUVTCPGPNQUGLGORNQUSWGUGKPFKECPCEQPVKPWCEKP


[[ 
FDOFXODU I c16 
1 6 %&
' [ 1

'DGDODIXQFLyQ I [

(MHPSOR
Z







3RUGHILQLFLyQGHGHULYDGDVHWLHQHTXH 
I [ I 
I c  OLP

[ o
[ 

16

    


1 6 16

&DOFXODPRVODVGHULYDGDVODWHUDOHV 

1 6 1 6 OLP    OLP  o f 
[ 
[ 
[ 
I 1 [ 6  I 1 6
1 [  6
[  
OLP
OLP
OLP

[ 
[ 
[ 
([LVWHODGHULYDGDSRUODL]TXLHUGD I c 16  SHURQRSRUODGHUHFKDSXHV f QRHVXQQ~PHURUHDO3RU
16
I c 1 6
I c 


I [ I 

OLP

[ o

[ o 

[ o 

[ o 

[ o 

[ o

WDQWR IQRWLHQHGHULYDGDHQ [
FDVRVHWLHQH

 Z






Y

 6LWHQHPRVHQFXHQWDHOVLJQLILFDGRJHRPpWULFRGHODGHULYDGDHQHVWH

6L VH FRQVWUX\H OD UHFWD WDQJHQWH D OD J UiILFD GH I
HQ   I   FRPR OtPLWH GH UHFWDV VHFDQWHV HQ

2 1 67
2 I 167  \ 2[  I 1[ 67  FRQ [ !   VH REWLHQH

    


FRPRUHVXOWDGRODUHFWD [
WLHQHSHQGLHQWH f 

 TXHHIHFWLYDPHQWH

16

(MHPSOR
'DGDODIXQFLyQ I [  [ FDOFXODU I c  
6LIHVGHULYDEOHHQ [  HQWRQFHVVHYHULILFDUiTXH
I [ I 
I c  OLP
I c 
[ o
[ 
&DOFXOHPRVODVGHULYDGDVODWHUDOHV 

1 6 16

16

16
I c 16

16

16

I c  

[  
[ 

OLP
OLP   f 
[ o
[ o
[ o [
[ 
[

[  
[ 

OLP
OLP
OLP   f 

[ o
[ o
[ o [
[ 
[
/DVGHULYDGDVODWHUDOHVHQHVWHFDVRWLHQHQHOPLVPRYDORUSHURQRH[LVWHQ\DTXH f QRHVXQQ~PHUR
UHDOSRUWDQWRIQRWLHQHGHULYDGDHQ [  $GLIHUHQFLDGHOHMHPSORDQWHULRUHQHVWHFDVRODJUiILFDGH IWLHQH
XQD~QLFDWDQJHQWHHQ [  SHURGLFKDUHFWDWDQJHQWHHVYHUWLFDO WLHQHSHQGLHQWHLQILQLWD  
I c 

OLP



Z
G Y
.BUBOHFOUFFO 
FTMBSFDUBY



.QU GLGORNQU  [  KNWUVTCP NC ECWUC FG PQ GZKUVGPEKC FG FGTKXCFC KPFKECFC
CPVGTKQTOGPVGGP
C 7PCOWGUVTCFGNUGIWPFQOQVKXQFGPQFGTKXCDKNKFCFUGCNCFQGP
D NQ
DTKPFCGNGLGORNQGPGNEWCNUGEQORTQDSWGNCHWPEKP
H
Z

%&  ZZ  


'  ZZ 0

EW[CITHKECGU
Z







PQGTCFGTKXCDNGGP Z

05

 [CSWG Hc 

 z 

05

Hc  

# RCTVKT FG GUVQU GLGORNQU RQFGOQU QDUGTXCT GP NCU ITHKECU CNIWPCU ECWUCU SWG
FGUVTW[GPNCFGTKXCDKNKFCFEQOQUQP

K  &KUEQPVKPWKFCF
XGTGLGORNQ 

KK  2WPVQUQCPIWNQUQURGPNCITHKECFGNCHWPEKP
XGTGLGORNQ 

KKK  6CPIGPVGUXGTVKECNGU
XGTGLGORNQ 
.CKPGZKUVGPEKCFGNCFGTKXCFCGPGUVQUECUQUGUVOQVKXCFCTGURGEVKXCOGPVGRQT

K  0QGZKUVGGNOGPQUWPCFGNCUFGTKXCFCUNCVGTCNGU

KK  2WGFGSWGGZKUVCPNCUFQUFGTKXCFCUNCVGTCNGURGTQUKGUVQUWEGFGUWUXCNQTGUPQ
EQKPEKFGP

KKK  #ODCUFGTKXCFCUNCVGTCNGUPQGZKUVGP
1DUTXGUG SWG EQP TGURGEVQ C NC EQPVKPWKFCF GN GLGORNQU  RQPG FG OCPKHKGUVQ SWG NC PQ
EQPVKPWKFCFFGWPCHWPEKPGPWPRWPVQ Z

Z  EQPNNGXCNCPQFGTKXCDKNKFCFFGNCHWPEKPGP

Z   UKP GODCTIQ NC EQPVKPWKFCF GP Z   PQ KORNKEC PGEGUCTKCOGPVG NC FGTKXCDKNKFCF FG NC



HWPEKPGPFKEJQRWPVQEQOQRWGFGQDUGTXCTUGGPNQUGLGORNQU['PTGNCEKPCGUVQUG
VKGPGGNUKIWKGPVGTGUWNVCFQ

2TQRQUKEKP5GC H WPC HWPEKP FGHKPKFC GP C D  [ UGC E C D  5K H GU FGTKXCDNG GP

E GPVQPEGUHGUEQPVKPWCGP Z

E



2QTQVTCRCTVGNQURWPVQUGPSWGGZKUVGPRGTQPQEQKPEKFGPNCUFGTKXCFCUNCVGTCNGU[
GPNQUEWCNGUNCHWPEKPGUEQPVKPWCUGFGPQOKPCPRWPVQUCPIWNQUQU'PEQPETGVQUGFKEGSWG
NCITHKECFGWPCHWPEKPHVKGPGWPRWPVQCPIWNQUQGP Z

1 6 1 6

1 6

1 6

Z  UKHGUEQPVKPWCGP Z  GZKUVGP

Hc Z   Hc Z  [ Hc Z  z Hc Z  


Z

G Y

'P NC FGHKPKEKP  FG FGTKXCFC FG WPC HWPEKP GP WP RWPVQ UG EQPUKFGTC SWG GP GN

NOKVG
NKO

Z o Z

05 1 6

H Z  H Z
Z  Z

. 

. GU WP POGTQ TGCN 2QFTC QEWTTKT UKP GODCTIQ SWG .

f  NQ SWG EQTTGURQPFGTC C WP

RWPVQGPNCITHKECFG HEQPVCPIGPVGXGTVKECN
XGTGLGORNQ 6CODKPRQFTCUWEGFGTSWG
.

f 'PEWCNSWKGTCFGGUVQUECUQUUGFKEGSWGNCEWTXCVKGPGGP2RGPFKGPVGKPHKPKVC


Z

Z
2



.A

2

Y








.A

Y

&GPVTQ FG NQU RWPVQU CPIWNQUQU [ GP TGNCEKP EQP GUVQ ECDG FGUVCECT NQU RWPVQU
EWURKFCNGUEQOQCSWGNNQURWPVQUGPNQUSWGNCHWPEKPGUEQPVKPWCPQEQKPEKFGPNCUFGTKXCFCU
NCVGTCNGU[GNXCNQTFGNCUOKUOCUPQGUWPPOGTQTGCN)THKECOGPVGUVQURWPVQUUQPFGNC
HQTOC




1 6
H c1 Z 6

Hc Z 

f
f


2

1 6
H c1 Z 6

Hc Z 






(MHPSOR

f
f

6HDIXQDIXQFLyQGHILQLGDHQ  FX\DJUiILFDHV

          Y


,QGLFDU
D  (QTXHSXQWRVQRHVFRQWLQXDI"
E  (QTXHSXQWRVQRHVGHULYDEOHISHURVtHVFRQWLQXD"
F  ,QGLFDUDOJ~QSXQWRHQTXH
 /DGHULYDGDGHIVHDSRVLWLYD
 /DGHULYDGDGHIVHDQHJDWLYD

I c VHDLQILQLWD

I c VHDGLVWLQWDGH I c 
6ROXFLyQ
D  /DIXQFLyQIQRHVFRQWLQXDHQ [  
E  /D IXQFLyQ I  HV FRQWLQXD HQ [   [   \ [   SHUR QR HV GHULYDEOH HQ GLFKRV SXQWRV (Q
FRQFUHWR [  \ [  VRQSXQWRVDQJXORVRV\ [  HVXQSXQWRFXVSLGDO
F  3RUHMHPSOR

2 1 67



/DGHULYDGDGHIHVSRVLWLYDHQ [

 \DTXHODUHFWDWDQJHQWHDODJUiILFDGH IHQHOSXQWR   I  



/DGHULYDGDGHIHVQHJDWLYDHQ [

 SXHVODUHFWDWDQJHQWHDODJUiILFDGH IHQHOSXQWR  I  

WLHQHSHQGLHQWHSRVLWLYD 

WLHQHSHQGLHQWHQHJDWLYD 

2 1 67






/DGHULYDGDSRUODGHUHFKDGHIHVLQILQLWDHQ [
(Q [

1 6

1 6

1 6

  I c  z I c  SXHV I c 



1 6 

 \ I c    

'P QECUKQPGU NC PQ FGTKXCDKNKFCF FG WPC HWPEKP H GP WP RWPVQ Z   PQ UG FGVGEVC C
RCTVKTFGUWITHKEC2QTGLGORNQNCHWPEKP

%KZ UGP   Z z 

&K 
Z

Z
'

H c05 RGTQGUVQPQGUQDUGTXCDNGGP
 RWGUPQGZKUVG NKO UGP
'Z
H
Z

PQGUFGTKXCDNGGP Z

'Z o 

UWITHKECFCFCRQT



5. )XQFLyQGHULYDGD


05

5KHGUWPCHWPEKPFGHKPKFCGPWPKPVGTXCNQCDKGTVQ+VCNSWGGZKUVG H c Z RCTCVQFQ

Z + UGFKEGSWGHGUFGTKXCDNGGP+[GPGUVGECUQGURQUKDNGFGHKPKTNCHWPEKPFGTKXCFCFGH
GP+RQT
H c + o 
H Z  'Z  H Z 
Z o H c Z
NKO
'Z o 
'Z

05

5 05

5K +  GU WP KPVGTXCNQ PQ CDKGTVQ RCTC IGPGTCNK\CT NC FGHKPKEKP FG HWPEKP FGTKXCFC
DCUVC EQPUKFGTCT GP NQU RWPVQU GZVTGOQU FG + NC GZKUVGPEKC FG NCU FGTKXCFCU NCVGTCNGU
EQTTGURQPFKGPVGU


05

7PC XG\ FGHKPKFC H c Z  RCTC VQFQ Z +  GU RQUKDNG RNCPVGCTUG UK GUVC HWPEKP VKGPG

0 50 5

VCODKP HWPEKP FGTKXCFC GU FGEKT UK GZKUVG H c c Z  %CUQ FG GZKUVKT GUVC HWPEKP UG
FGPQOKPCHWPEKPFGTKXCFCUGIWPFCFGH[UGFGPQVCRQT H cc Q

F H

FZ 

4GKVGTCPFQ GUVG CTIWOGPVQ RWGFGP FGHKPKTUG NCU FGTKXCFCU UWEGUKXCU FG H  VGTEGTC
EWCTVCSWKPVCWEW[CPQVCEKPGU

0 5 FHFZ0 Z5
F H 0Z5
H cc0 Z 5 {
FZ
F H 0Z5 
H ccc0 Z 5 {
FZ
#
F H 0Z5
H 0Z5 {
Hc Z {

FZ P


(MHPSOR
'DGD I [ [   [ FDOFXODUODVIXQFLRQHV I c \ I cc 
'HDFXHUGRFRQODGHILQLFLyQ\ODH[SUHVLyQ>@SDUDWRGR [  

16

Ic[

OLP

'[
OLP '[   [  

'[ o 

16

HVGHFLU I c [

I [  '[  I [

'[ o 

1 [  '[ 6
OLP

 [  '[  [   [

  ['[  '[

'[
'[
 [  
'[ o 

1 6 OLP I c1[  ''[[6  I c1[ 6


\SRUORWDQWR I cc1 [ 6  

'[ o 



'[ o 

1 '[ 6
OLP

'[ o 

 [   3RURWUDSDUWH

I cc [

OLP

 [  '[     [  
'[

OLP

'[ o 

 '[
'[



6. 5HJODVGHGHULYDFLyQ


05

.C QDVGPEKP FG NC FGTKXCFC FG WPC HWPEKP [

H Z  GP WP RWPVQ EWCNSWKGTC Z  

EQOQUGJCXKUVQGPGNGLGORNQRTGEGFGPVGEQPUVCFGEWCVTQGVCRCUQRCUQU

  *CNNCT H Z   'Z 

1 6 H 1 Z  'Z 6  H 1 Z 6 
H 1 Z  'Z 6  H 1 Z 6
  'UVCDNGEGTNCTC\PFGECODKQQEQEKGPVGKPETGOGPVCN


  %CNEWNCTGNKPETGOGPVQFGNXCNQTFGNCHWPEKP 'H Z 

1 6

  (KPCNOGPVGJCNNCTGNNOKVG
UKGZKUVG  H cc Z 

'Z

6 1 6

H Z   'Z  H Z 

NKO

'Z

'Z o 

16

(MHPSOR
'DGD I [
[ Q  Q  FDOFXODUODGHULYDGDGHIHQ [ D 
$SOLFDQGRHOSURFHGLPLHQWRDQWHVLQGLFDGRVHREWLHQH 
Q
Q L Q L
Q
  I D  '[
D  '[
D '[  3RUHOELQRPLRGH1HZWRQ 

L  L

 

 Q
 Q D '[ 
  'I 1D 6 I 1D  '[ 6  I 1D 6   D '[  D

 L
 L
 Q
  &RFLHQWHLQFUHPHQWDO    D '[

 L
% Q
 Q
 Q  D ()  Q  D
  I c1D 6 OLP &  D '[    D'[ !
 
 Q   *  Q  
' 
3XHVWRTXHDUHSUHVHQWDFXDOTXLHUYDORUGH[SRGHPRVHVFULELU I c1 [ 6 Q [ 

6 1

Q L

L 

Q 

Q L

L 

Q   

L 

Q 

Q 

Q 

Q 

'[ o 

Q D Q  

Q 

5GT EKGTVC NC GZRTGUKP QDVGPKFC GP GN GLGORNQ CPVGTKQT EWCPFQ P

O  OGUFGEKTUK H
Z

Z !.CTGURWGUVCGUCHKTOCVKXCGPGHGEVQRQTNCFGHKPKEKPFG

FGTKXCFC

05

Hc C

NKO

ZoC

05 05

H Z  H C
ZC

1DUTXGUGSWG
C  D

NKO

Z OC

ZC

ZoC

C  D5 
0C  D50

 UWOCPFQU

C  D

CD  D 7 
0C  D52C 

 UWOCPFQU

C  D

 C D  CD  D 7 
0C  D52C

 UWOCPFQU

[GPIGPGTCNFCFQ P  
CP  DP

 C D  C D ! CD  D 7 
0C  D52C

P 

P

P  

PUWOCPFQU

 O  EQP



P

P 

2 Z 7  2C 7 CRNKECPFQNCGZRTGUKPCPVGTKQTUGVKGPG
Z  C 2Z  C 7 2Z 7
 2 Z 7 2 C 7!2 Z 72 C 7
 2C 7
[UWUVKVW[GPFQGPGNNOKVGSWGFGHKPG H c0 C5 TGUWNVC

H c0 C5 NKO
2 Z 7  2 Z 7 2C 7!2 Z 72C 7  2C 7 

%QOQ Z  C

O O

O

O O

 O O 

O

ZoC

O 
C O

 O O 

 O O

 O O

O 

C O O



O

O  

C O O

O

!

 O O

O

O 
C O

 O O

O 
OC O

 O O 

 O O 

 O 
C 
O

#URWGUEQOQCTGRTGUGPVCEWCNSWKGTXCNQTFGZRWGFGGUETKDKTUGSWG

05

Hc Z

05

'PIGPGTCNFCFC H Z

05

GUFGTKXCDNG H c Z

 O 
Z

O

Z C C  UGXGTKHKECSWGGPCSWGNNQURWPVQUZGPNQUSWGH

CZ C  


1DUTXGUGSWGGUVGRTQEGFKOKGPVQRCTCECNEWNCTNCFGTKXCFCFGWPCHWPEKPPQGUOW[
QRGTCVKXQ[RWGFGEQORNKECTUGFGRGPFKGPFQFGNCPCVWTCNG\CFGNCHWPEKPCPCNK\CFC2QTGUVC
TC\P UWRQPKGPFQ SWG UG EQPQEG NC GZKUVGPEKC FG NC HWPEKP FGTKXCFC KPFKECTGOQU CNIWPCU
TGINCUFGFGTKXCEKP
QDVGPKFCUCRCTVKTFGNOVQFQFGNQUQEWCVTQRCUQUR SWGPQURGTOKVKTP
ECNEWNCTNCUFGTKXCFCUFKTGEVCOGPVG


 H
Z

05H 0 Z5
05H 0 Z5
05H 0 Z5
05H 0 Z5
05H 0 Z5
05H 0 Z5
05H 0 Z5

E

o

Z C  C   o 
GZ 

o

CZ 

o

NP Z 

o

NQI C Z 

o

UGPZ 

o

EQUZ 

o

0 5 
H c0 Z 5 CZ 
H c0 Z 5 G 
H c0 Z 5 C NP C 
H c0 Z 5  Z 
H c0 Z 5 0 Z 5 NQI
H c0 Z 5 EQUZ 
H c0 Z 5 UGPZ 
Hc Z

6CDNC#

C 

G


&CFQSWGOWEJCUHWPEKQPGUUQPTGUWNVCFQFGQRGTCEKQPGUGNGOGPVCNGUFGNCUHWPEKQPGU
CPVGTKQTGUEQPXKGPGEQPQEGTEWCNGUNCFGTKXCFCFGNCUWOCFGFQUHWPEKQPGUUWRTQFWEVQ[
EQEKGPVG'PTGNCEKPCGUVQUGVKGPG



05

 &CFC J0 Z 5

 &CFC J0 Z 5

 &CFC J Z

05 05
H 0 Z 5 I0 Z 5 
H 0Z5
EQPI0 C5 z  
I0 Z 5

o

H Z I Z 

o
o

05
J c0 C 5
J c0 C 5

05 05
H c0 C5 I0 C5  H 0 C5 I c0 C5 
H c0 C5 I0 C5  H 0 C5 I c0 C5

I0 C5

Jc C

H c C  Ic C 

6CDNC$


1 6 [ [[  HQ [  
I 1[ 6
 GRQGH I 1 [ 6   [  \ J 1 [ 6 [  [    $SOLFDQGR ODV
/D IXQFLyQ K1 [ 6  YLHQH GDGD SRU K1 [ 6
J 1[ 6
UHJODVDQWHULRUHV
I 16     
I c16 J 16  I 16 J c16
I c16 16   
K c1 [ 6
\
VLHQGR



J





16
J c16 16  16   
J 16
(MHPSOR

&DOFXODUODGHULYDGDGH K [

3RUWDQWR

16

Kc 

    





 

.CUTGINCUFGFGTKXCEKPKPFKECFCUGPNCUVCDNCU#[$PQRGTOKVGPQDVGPGTNCFGTKXCFC
FGHWPEKQPGUFGNVKRQ

05
H 0Z5

NP Z   

H Z


7

 UGPZ

G Z   

[CSWG H [ H PQUQPGNTGUWNVCFQFGQRGTCEKQPGUGNGOGPVCNGUGPVTGHWPEKQPGUUGOGLCPVGUC


NCU KPFKECFCU GP NC VCDNC # UKPQ EQORQUKEKP FG NCU OKUOCU 2QT GNNQ PQU KPVGTGUC EQPQEGT
EWCNGUNCFGTKXCFCFGWPCHWPEKPEQORWGUVC

2TQRQUKEKP
4GINCFGNCECFGPC 

1 6

I D J UKGPFQJ[IHWPEKQPGUFGTKXCDNGUGP Z  [ J Z  

5GCHWPCHWPEKPVCNSWG H

TGURGEVKXCOGPVG'PVQPEGUUGXGTKHKECSWGHGUFGTKXCDNGGP Z  [

1 6 Ic2J1 Z 67 Jc1 Z 6 

H c Z
(MHPSOR

16

 VHQ[



/DIXQFLyQ I  [

H[

HVFRPSRVLFLyQGH

16

VHQ[
\ J W H W 
[ 
VLHQGR K \ J IXQFLRQHV GHULYDEOHV HQ WRGR SXQWR $Vt SXHV DSOLFDQGR OD SURSRVLFLyQ  GHGXFLPRV TXH
I  [ HVGHULYDEOHHQ  \FRPR
K [

16

16
J c1 W 6

Kc [

16

FRV[ [     VHQ [  [

3[  8


 [    FRV[   [VHQ[

3[  8


H 



VHWLHQHTXH

16

I [

16

 VHQ[



K [
H 1 6 Kc [

H[

 [    FRV[   [VHQ[

3[  8


.CTGINCFGNCECFGPCPQURGTOKVGFGVGTOKPCTEWNGUNCFGTKXCFCFGNCHWPEKPKPXGTUC
FGWPCHWPEKP4GEQTFGOQUSWGEWCPFQWPCHWPEKP [

H
Z GUKP[GEVKXCGZKUVGNCHWPEKP

H  KPXGTUCFGH
XGTVGOC FGVCNHQTOCSWGRCTCVQFQZRGTVGPGEKGPVGCNFQOKPKQFGH[
H  UGXGTKHKECSWG

2 H H 70 Z5 2 H




70 5

DH Z

Z

'UVC TGNCEKP GPVTG H [ UW HWPEKP KPXGTUC PQU NNGXC C RTGIWPVCTPQU UQDTG NC GZKUVGPEKC [ GN
XCNQTFGNCFGTKXCFCFG H  [VCODKPUQDTGNCRQUKDNGTGNCEKPFGGUVCFGTKXCFCEQPNCFGNC
HWPEKPHUWRWGUVQSWGGZKUVGPCODCUFGTKXCFCU
H
Z  GU WPC HWPEKP KP[GEVKXC FGTKXCDNG GP Z

'P EQPETGVQ UG VKGPG SWG UK [

05

C 

H
C UK H c C z  [GNXCNQTFGGUVCFGTKXCFC

GPVQPEGUNCHWPEKPKPXGTUCGUFGTKXCDNGGP D
GUKIWCNC

05

FZ
D
F[



F[
C
FZ

=?

05

QEQPNCPQVCEKPJCDKVWCN

2 H 70D5



Hc C

05



=O?

.C QDVGPEKP FG GUVC GZRTGUKP GU KPOGFKCVC C RCTVKT FG NC TGINC FG NC ECFGPC

0I D H 50 Z5 GPVQPEGUUKHGUFGTKXCDNGGP Z C [IGUFGTKXCDNGGP H 0C5 UG


VKGPG SWG J c0 C5 I c1 H 0 C56 H c0 C5  #JQTC DKGP UK I GU NC KPXGTUC FG H  GPVQPEGU J0 Z 5 Z  [
RQTVCPVQ J c0 C5  #URWGU

I c1 H 0 C56 H c0 C5  I c1 H 0 C56

H c0 C 5
[EQOQ H 0 C5 D UGVKGPG


I c0 D 5 2 H 7 c 0 D 5
H c0 C 5
UKGORTGSWG H c0 C5 z  

&GHKPKOQU J
Z




(MHPSOR

+DOODUODGHULYDGD

16

/DIXQFLyQ \ I [
ODH[SUHVLyQ>@


G[
HQ \
G\

 FXDQGR \

[  

[  HVHVWULFWDPHQWHFUHFLHQWHSRUWDQWRHVLQ\HFWLYD\H[LVWH I





$VtSXHVDSOLFDQGR

\FRPR
\

 [

G[

G\



G\ 
I 
G[

 [

 \SRUWDQWR I

3 1 68

1 6 16

Ic
HQWRQFHV



16





G[



G\

(VWHUHVXOWDGRSXHGHFDOFXODUVHWDPELpQGHULYDQGRGLUHFWDPHQWHVREUHODIXQFLyQLQYHUVD$Vt 
\ I [ [  [ I  \  \ \   

3 8c 1 \ 6

\SRUODIyUPXOD  GHODWDEOD$ I



16

  
\ VLHQGRHQ \




  I



16

c 





7. 7HRUHPDVGH5ROOH\GHOYDORUPHGLR

7PQFGNQUQDLGVKXQUFGNENEWNQKPHKPKVGUKOCNGUGNGUVWFKQFGNCUECTCEVGTUVKECUFGWPC
HWPEKP FCFC FGHKPKFC GP WP KPVGTXCNQ +PVGTGUC GUVWFKCT EWPFQ WPC HWPEKP GU ETGEKGPVG Q
FGETGEKGPVG EWPFQ VKGPG WP OZKOQ Q WP OPKOQ EOQ UG NQECNK\CP GUVQU 'ZKUVGP
FKXGTUQU TGUWNVCFQU FKTKIKFQU C GUG QDLGVKXQ EW[C FGOQUVTCEKP FGRGPFG FG FQU TGUWNVCFQU
HWPFCOGPVCNGUGN6GQTGOCFG4QNNG[GN6GQTGOCFGNXCNQTOGFKQ

6GQTGOC

6GQTGOCFG4QNNG 

0 5

5GC WPC HWPEKP EQPVKPWC GP C D  FGTKXCDNG GP C D  [ VCN SWG H


C

0 5

05

'PVQPEGUGZKUVGCNOGPQUWPRWPVQ E C D VCNSWG H c E

H
D 

 


'N UKIPKHKECFQ IGQOVTKEQ FGN 6GQTGOC FG 4QNNG GU GN UKIWKGPVG UK NC ITHKEC FG WPC
HWPEKPFGTKXCDNGVKGPGWPCEWGTFCRCTCNGNCCNGLGZGPVQPEGUVGPFTCNOGPQUWPCVCPIGPVG
JQTK\QPVCN
Z

FXHUGDKRUL]RQWDO

G B G C

0 5

.C JKRVGUKU FG SWG H UGC FGTKXCDNG GP C D  GU GUGPEKCN 5K PQ UG EWORNG PQ VKGPG
RQTSWXGTKHKECTUGNCEQPENWUKPFGN6GQTGOCFG4QNNGEQOQUGKNWUVTCGPGNUKIWKGPVGITHKEQ
Z
G{ D QRHVWiGHILQLGD

G B G C 

B

C



Y

.C JKRVGUKU FG EQPVKPWKFCF FG H GP C D  VCODKP GU ENCXG VCN EQOQ OWGUVTC NC
UKIWKGPVGHKIWTC
Z

G B G C

G B G C

0PFYJTUFDUBMRVFG{ D 

(MHPSOR

[   [  
HVWXGLDUSDUDTXpSXQWRVGHOLQWHUYDOR  ODGHULYDGDGHIHV
[ 

'DGD I [

FHUR
'DGRTXH

[   [  

o[

 r   


r


%& 
'

HQWRQFHV I  I   
3RURWUDSDUWHFRPR
[   [    [   [  
[    [  [    [   [  
Ic[



[ 
[ 
VHWLHQHTXH
[   [  
Ic[
 [   [    

[ 

16 1

61

6 3
1 6

16 1

(VWDHFXDFLyQHQYLUWXGGHO7HRUHPDGH5ROOHKDGHWHQHUVROXFLyQHQ  (QHIHFWRVXVUDtFHVVRQ


 r   


[
YHULILFiQGRVHTXH [

    \ I c   

 r  


 

'N6GQTGOCFGNXCNQTOGFKQIGPGTCNK\CGNFG4QNNGGPGNUGPVKFQFGSWGRCTCEWCNSWKGT
EWGTFC FG NC ITHKEC FG WPC HWPEKP FGTKXCDNG GZKUVG WP RWPVQ FG FKEJC ITHKEC GPGNSWGNC
VCPIGPVGGURCTCNGNCCNCEWGTFC
Z
CG C
BG B



6GQTGOC

6GQTGOCFGNXCNQTOGFKQ 

0 5

5GCHWPCHWPEKPEQPVKPWCGP C D [FGTKXCDNGGP C D 'PVQPEGUGZKUVGCNOGPQU

0 5

WPRWPVQ E C D VCNSWG

05 05

H D  H C
QNQSWGGUKIWCN

FQPFG

0 50

05 05

05

H D  H C
DC

05 05

Hc E DC 

Hc E 

05

1 0 56 1 0 56

H D  H C
GUNCRGPFKGPVGFGNCEWGTFCGPVTGNQURWPVQU C H C [ D H D [ H c E 
DC

1 0 56

GUNCRGPFKGPVGFGNCTGEVCVCPIGPVGCNCITHKECGP E H E 

(MHPSOR

&RPSUREDUVLVHYHULILFDHO7HRUHPDGHOYDORUPHGLRSDUDODIXQFLyQ I [

[   HQHO

LQWHUYDOR   

1 6

(VIiFLOFRPSUREDUTXHVHYHULILFDQODVKLSyWHVLVGHOWHRUHPDSXHV IHVFRQWLQXDHQ   \GHULYDEOHHQ   

1 6
I 16  I 16

'HGXFLPRVSRUHOORTXHGHEHH[LVWLUDOJ~Q F   WDOTXH

16




&RPR I c [


[ 



16




IcF 

HQWRQFHV

16


[   [ 

3RUWDQWRHO7HRUHPDGHOYDORUPHGLRVHFXPSOHSDUD [    
Ic[

1 6




7PCKORQTVCPVGEQPUGEWGPEKCFGN6GQTGOCFGNXCNQTOGFKQGUNCTGINCFG.y*RKVCN

SWG RGTOKVG TGUQNXGT EKGTVCU KPFGVGTOKPCEKQPGU GP GN ENEWNQ FG NOKVGU WVKNK\CPFQ GN ENEWNQ
FKHGTGPEKCN

6GQTGOC

4GINCFG.O*RKVCN 

5GCP H [ I HWPEKQPGU EQPVKPWCU [ FGTKXCDNGU GP WP KPVGTXCNQ CDKGTVQ + VCNGU SWG

1 6 I1 Z 6

H Z

05

; @

 EQP Z  + [ I c Z z  RCTCVQFQ Z +  Z  

5KGZKUVG NKO

Z o Z

05
05

05
05

05
05

Hc Z
H Z
H Z
GPVQPEGUVCODKPGZKUVG NKO
[ NKO
Z o Z I Z
Z o Z I Z
Ic Z

NKO

Z o Z

05
05

Hc Z

Ic Z


.CFGOQUVTCEKPUGFGFWEGFGOCPGTCFKTGEVCCRCTVKTFGNVGQTGOCRWGURCTCVQFQ

Z + UGVKGPGSWG

0 5 H 0 Z5  H 1 Z 6 H c1E 61 Z  Z 6EQPE GPVTGZ[Z 


I0 Z 5 I0 Z 5  I1 Z 6 I c1 F 61 Z  Z 6EQPF GPVTGZ[Z 
H Z



Z

Z

1DUGTXCEKQPGU
 .C TGINC FG .O*RKVCN VCODKP GU XNKFC UK NCU HWPEKQPGU H [ I PQ GUVP FGHKPKFCU GP GN

05

RWPVQ Z  [ NKO H Z


Z o Z

NKO I
Z

Z o Z

 

 'NGPWPEKCFQFGNVGQTGOCUKIWGUKGPFQXNKFQEWCPFQ NKO H


Z
Z o Z

rf [ NKO I
Z
Z o Z

rf 

 6CODKPRWGFGCRNKECTUGUK Z VKGPFGC f  f 


 5KGPNCGZRTGUKP NKO

Z o Z

05
05

Hc Z

f
UGXWGNXGCRTGUGPVCTWPCKPFGVGTOKPCEKPFGNVKRQ  
Ic Z

f

UGRWGFGXQNXGTCCRNKECTNC4GINCFG.O*RKVCN
 .C KIWCNFCF GPVTG GN NOKVG FG WP EQEKGPVG FG HWPEKQPGU [ GN NOKVG FGN EQEKGPVG FG UWU
FGTKXCFCU UNQ UG EWORNG EWCPFQ UG RTGUGPVC WPC FG GUCU KPFGVGTOKPCEKQPGU 'P ECUQ
EQPVTCTKQ FKEJC KIWCNFCF PQ GU EKGTVC EQOQ UG RWGFG CRTGEKCT UK EQPUKFGTCOQU NCU
HWPEKQPGU H
Z
NKO

Z o

Z [ I
Z

Z  RCTCNCUSWG

H Z
I Z

Z
Z 

05
05

NKO

Z o

  z  NKO

Z o

05
05

Hc Z
Ic Z


Zo 

NKO




(MHPSOR
8WLOL]DQGROD5HJODGH/+{SLWDOSRGHPRVFDOFXODUORVVLJXLHQWHVOtPLWHV 
VHQ[
FRV[
D  OLP

OLP
[ o [
/
+{SLWDO [ o 

[ 

E  OLP
OLP
OLP [  
[ o OQ [ /
+{SuWDO [ o  [
[ o
[

[

OLP
OLP
[ o    FRV[ 1 /
+{SLWDO 6 [ o  VHQ[ /
+{SLWDO [ o  FRV[

[
  2EVpUYHVH TXH HO OtPLWH OLP [  H  [  SUHVHQWDED XQD
G  OLP [  H  [ OLP [
OLP
[ of
[ of H
/
+{SLWDO [ of H [
[ of
LQGHWHUPLQDFLyQGHOWLSR  f TXHVHKDWUDQVIRUPDGRHQXQDGHOWLSR f f 

F  OLP



 'LIHUHQFLDOGHXQDIXQFLyQHQXQSXQWR


1 6

&CFC WPC HWPEKP FGTKXCDNG GP Z

Z   CUQEKCFC CN POGTQ H c Z   RWGFG FGHKPKTUG

WPCPWGXCHWPEKPVCNEQOQUGKPFKECGPNCUKIWKGPVGFGHKPKEKP

Z  + 5GFGHKPGNC

&GHKPKEKP 5GCHFGHKPKFCGPWPKPVGTXCNQCDKGTVQ+[FGTKXCDNGGP Z
HWPEKPFKHGTGPEKCNFGHGP Z  EQOQNCHWPEKPNKPGCN

05

1 61

FH Z Z

H c Z Z  Z 

QVCODKPFGOCPGTCGSWKXCNGPVGVQOCPFQ 'Z

0 5

FH Z 'Z

Z  Z 

1 6

H c Z  'Z 

1 6 H 0 Z5  H 1 Z 6 FGNCHWPEKPHUKZPQ

.CFKHGTGPEKCN FH Z CRTQZKOCNCXCTKCEKP 'H Z 

GUVFGOCUKCFQCNGLCFQFG Z  

2 1 67

'P QVTCU RCNCDTCU NC VCPIGPVG GP Z   H Z   C NC ITHKEC FG H CRTQZKOC C NC EWTXC GP NCU
EGTECPCUFG Z  EQPNCXGPVCLCSWGUWRQPGGPNQUENEWNQUGNOCPGLCTWPCTGEVC
RQNKPQOKQFG
RTKOGTITCFQ GPNWICTFGWPCEWTXCCECUQOUEQORNKECFC&GWPCOCPGTCRTGEKUCUGVKGPG
NKO

'Z o 

[CSWG
NKO

'Z o 


(MHPSOR

1 6
FH 0 'Z 5
'H Z 
Z

1 6
H c1 Z 6'Z
'H Z 


16

'DGDODIXQFLyQ I [

1 6

 UWRWGUVQSWG H c Z  z  

1 6

'H Z 

NKO
H c Z  'Z o  'Z

1 6

1 6 1 6


H c Z
H c Z



[ VHWLHQHTXHVXIXQFLyQGLIHUHQFLDOHQ [



 HV

16

GI  [

1 61

I c  [  

SRUVHU


[   


1 6  [ \ I c16  



&RQ D\XGD GH OD IXQFLyQ GLIHUHQFLDO GI 1 '[ 6
1'[ 6  SRGHPRV FDOFXODU HO YDORU DSUR[LPDGR GH

Ic[


SDUDHOOREDVWDWRPDU '[

 REWHQLpQGRVH

  

1 6 1 6
\DTXH 'I 1 6 I 16  I 1 6 | GI 16 


1 6 I 16  I c16 

I  | I   GI  









 

 

(MHUFLFLRVUHVXHOWRV


05



5GC H Z

Z    Z   *CNNCT

C  'NEQEKGPVGKPETGOGPVCN

5 05

H Z  'Z  H Z

'Z

1 Z H 0 Z56  CN 3 1 Z  'Z H 0 Z  'Z 56  3W TGRTGUGPVC

FG NC HWPEKP H FGN RWPVQ 2


IGQOVTKECOGPVGGNXCNQTO!

05 JCNNCTORCTCNQUUKIWKGPVGUXCNQTGUFG 'Z  'Z

D  5K 2

'Z

  'Z

  'Z

  'Z

E  %CNEWNCT NC FGTKXCFC FG H GP Z

  'Z

  'Z

  'Z

 

 

  %WN GU GN UKIPKHKECFQ IGQOVTKEQ FG FKEJC

FGTKXCFC!

5QNWEKP


05

Z    Z   UGVKGPG

C  &CFQSWG H Z

H Z  'Z

Z  'Z    Z  'Z  

#URWGU

0'Z5

0 'Z 5

  Z'Z   'Z
'Z

  Z'Z  Z    Z   'Z   

'Z   Z   

'N XCNQT FG O TGRTGUGPVC NC RGPFKGPVG FG NC TGEVC SWG RCUC NQU RWPVQU 2
3

1 Z  'Z H 0 Z  'Z 56 

1 Z H 0 Z56  [

D  $CUVCEQPUWUVKVWKTGPO Z

 G 'Z RQTECFCWPQFGNQUXCNQTGUSWGUGKPFKECPGPGN

GPWPEKCFQQDVGPKPFQUGSWG

 O



UK 'Z

 

UK 'Z

   O

UK 'Z

 

UK 'Z

   O

 

UK 'Z

  O

 

UK 'Z

   O

 

UK 'Z

 

UK 'Z

   O

 O

 O

 
 

 
 




E  &GCEWGTFQEQPNCFGHKPKEKP

0 5 NKO H 0  ''ZZ5  H 05 NKO 0'Z  5  


FQPFG GN XCNQT H c0 5   TGRTGUGPVC NC RGPFKGPVG FG NC TGEVC VCPIGPVG C NC ITHKEC FG
H 0 Z 5 Z   Z   GPGNRWPVQ Z  
1DUTXGUGSWGNQUXCNQTGUFGOOURTZKOQUC H c05 EQTTGURQPFGPCNCUECPVKFCFGU 'Z OU
H c 

'Z o 

'Z o 

RGSWGCUGPXCNQTCDUQNWVQ





'DGDODIXQFLyQ

05

H Z

HQHOSXQWR 0 5 $GHPiV

Z    Z GLEXMDUODUHFWDWDQJHQWHDODJUiILFDGHI

D 'LEXMDUODUHFWDTXHSDVDSRU 0 5 \ 2 Z Z    Z 7 FRQ Z !  

D  *CNNCTNCRGPFKGPVGFGFKEJCTGEVC

E  *CEKGPFQ SWG Z VKGPFC C L JCNNCT NC RGPFKGPVGFGNCTGEVCVCPIGPVGCNCITHKECFG HGP

05 


5QNWEKP


C  &KDWLGOQUGPRTKOGTNWICTNCITHKECFG H[UQDTGGNNCNCTGEVCSWGRCUCRQTNQURWPVQU

05 [ 2 Z Z

  Z EQP Z !  
S

Y"Y



  




5 2

D  .CRGPFKGPVGFGNCTGEVCTSWGRCUCRQTNQURWPVQU  [ Z Z    Z XKGPGFCFCRQT


O

0 5
0 5

Z    Z  
Z  






Z  Z  

Z 


E  %CNEWNCOQUGNNOKVGFGNCGZRTGUKPSWGFGHKPGOEWCPFQZVKGPFGJCEKC  
Z  Z  
Z o
Z 
NKO

NKO

Z o

0 Z  50 Z  5

NKO Z  

Z 

Z o



Z    Z GPGNRWPVQ  

2QTVCPVQNCRGPFKGPVGFGNCTGEVCVCPIGPVGCNCITHKECFG H
Z
VKGPGEQOQXCNQT





.QU KPITGUQU FG WPC GORTGUC RQT NC XGPVC FG Z WPKFCFGU FG FGVGTOKPCFQ RTQFWEVQ

XKGPGPFCFQURQTNCHWPEKP
+
Z

0 Z  5



.QU ICUVQU SWG QECUKQPC C NC GORTGUC RQPGT C NC XGPVC Z WPKFCFGU FGN RTQFWEVQ GUVP
FGVGTOKPCFQURQT
)
Z



Z



5GRKFG

C  %CNEWNCTNCTC\PFGECODKQKPUVCPVPGQFGNPKXGNFGKPITGUQUEWCPFQ Z

 

D  +FGORCTCGNPKXGNFGICUVQU

E %WNGUGNTKVOQFGXCTKCEKPFGNQUDGPGHKEKQUEWCPFQ Z

 !


5QNWEKP


C  .CTC\PFGECODKQKPUVCPVPGQFGNPKXGNFGKPITGUQUXKGPGFCFCRQTNCFGTKXCFCFG +
Z 
GP Z

 CURWGUECNEWNCOQU

05

+c 



05 05

0 Z  5

0 5
0 5
0 5

 

+ Z + 
Z   

NKO
NKO
Zo
Z o
Z o  Z  
Z
Z

Z Z
Z
Z  Z  
NKO
NKO
NKO

o
Zo  Z  
Zo
Z

 Z


NKO

50

D 'PGNECUQFGNCHWPEKPFGICUVQUUGVKGPG

05

)c 

05 05

) Z ) 
Z o
Z

NKO

0 5

 Z  
Zo
Z

NKO

E 'NTKVOQFGXCTKCEKPFGNQUDGPGHKEKQUEWCPFQ Z

Z
Z o  Z  

NKO





05

 XKGPGFCFQRQT $c  #JQTCDKGP

0 5 +0 Z5  )0 Z5 RCTCVQFQ Z  GPVQPEGU $c0 Z5 + c0 Z5  )c0 Z5 FGFQPFG


$ c0  5 + c0  5  ) c 0  5   0    5   

EQOQ $ Z





5GCPH[IFQUHWPEKQPGUEW[CUITHKECUUQP
Z
G Y



   

H Y



   

C 'PSWRWPVQUPQUQPEQPVKPWCUNCUHWPEKQPGUH[I!

D 'PSWRWPVQUPQUQPFGTKXCDNGUH[IRGTQUUQPEQPVKPWCU!

E +PFKECTNQURWPVQUGPNQUSWG


'ZKUVGP Hc [ Hc RGTQPQEQKPEKFGP

0QGZKUVG Ic Q Ic 

0QGZKUVG Hc PK Hc 

 H c GURQUKVKXC


5QNWEKP


C .CHWPEKPHPQGUEQPVKPWCGPNQURWPVQU Z


'P Z

'P Z

'P Z

'P Z

 [ Z

0 5
05
 PQGZKUVG NKO H 0 Z 5 RWGU NKO H 0 Z 5 f 
 PQGZKUVG NKO H 0 Z 5 RWGU NKO H 0 Z 5 z NKO H 0 Z 5 

 [CSWG

 GZKUVG NKO H Z RGTQGUFKUVKPVQFG H  


Z o

Z o 

Z o

Z o 

Z o

.CHWPEKPIPQGUEQPVKPWCGP Z
'P Z

  Z

 [ Z

Zo 

 RWGU

05
05
05
 PQGZKUVG NKO I0 Z 5 RWGU NKO I0 Z 5 f [ NKO I0 Z 5

 PQGZKUVG NKO I Z [CSWG NKO I Z z NKO I Z 


Z o

Z o

Z o

Z o 



Z o

Z o 

f


D   .C HWPEKP H  PQ GU FGTKXCDNG C RGUCT FG UGT EQPVKPWC GP NQU RWPVQU Z

Z


  Z

  [

 [CSWG
'P Z

  [ Z

 GP  GZKUVGP NCU FGTKXCFCU NCVGTCNGU RGTQ PQ EQKPEKFGP GU FGEKT

UQPRWPVQUCPIWNQUQU


'P Z

 NCUFGTKXCFCUNCVGTCNGUUQPf

'P GN ECUQ FG NC HWPEKP I NC FGTKXCFC PQ GZKUVG GP GN RWPVQ FG EQPVKPWKFCF Z

0 5

  RQT PQ

0 5

EQKPEKFKTNCUFGTKXCFCUNCVGTCNGU Ic  [ Ic  




E 

05

05

.QURWPVQUGPSWG Hc Z z Hc Z UQP Z

05

  0Q GZKUVG Ic   'P Z

 

  EQOQ SWG I PQ GUV FGHKPKFC PQ GU RQUKDNG ECNEWNCT

PKPIWPCFGTKXCFCNCVGTCN
'P Z

 [ Z

0 5

0 5

05

 PQGZKUVGPPK Hc  PK Hc  'P Z

05

 PQGZKUVGPPK Hc  PK Hc  

RWGUUWQXCNQTRGUKPHKPKVQ
  .C FGTKXCFC FG H GU RQUKVKXC GP CSWGNNQU RWPVQU FG UW ITHKEC GP NQU SWG NC TGEVC
VCPIGPVG C NC OKUOC VKGPG RGPFKGPVG RQUKVKXC RQT NQ VCPVQ GUVQ UWEGFG GP

05 05 05 05 





+PFKECTRCTCNCUUKIWKGPVGUHWPEKQPGUEW[CUITHKECUUGUGCNCPCEQPVKPWCEKP



G Y Y

G Y ]Y]





G Y  Y


Y
Y
Y 



G Y Y







C #NCXKUVCFGNCUITHKECUGPSWRWPVQUPQUQPFGTKXCDNGU!

D 2QTSWPQGZKUVGNCFGTKXCFCGPNQURWPVQUEKVCFQUGP
C !

E %QORTWGDGCPCNVKECOGPVGNCUCHKTOCEKQPGUGHGEVWCFCUGP
D 

5QNWEKP


C 

 0QGUFGTKXCDNGGP Z

 

 0QGUFGTKXCDNGGP Z

 

 0QGUFGTKXCDNGGP Z

 [ Z

 0QGUFGTKXCDNGGP Z

 

 

D 

 .CUFGTKXCFCUNCVGTCNGUPQEQKPEKFGPRQTUGT Z

 0QGZKUVG H  [RQTVCPVQVCORQEQ H c  

 'P Z

 2QTUGT Z

05

05

 RQTUGTWPRWPVQCPIWNQUQ[GP Z

05

 WPRWPVQEWURKFCN[CSWG Hc 

 WPRWPVQCPIWNQUQ

 RQTUGTHFKUEQPVKPWC

05

f [ Hc 

f 

E 


 


05
H c0 5
Hc 


Z 
Z o Z  
Z 
NKO
Zo Z  
NKO

Z

Z o Z

Z
NKO

Zo  Z
NKO

05


GP Z
Z 

 0QGZKUVGGNXCNQTFG H Z

 RWGUGNFGPQOKPCFQTUGJCEGEGTQ




 
 

  NKO Z   
Hc 
NKO
Z o
Z o Z  
Z 
 

Hc 
NKO     
Z o Z  


 
NKO H Z
NKO Z 
NKO
z NKO H Z
Z o
Z o
Z o 

 Z o

Z

05




05

05







05

 


05
H c0 5

Hc 


Z   
Zo
Z
Z   
NKO
Z o  Z  
NKO


Z 

NKO  
Zo Z
NKO

Zo

f
f





'UDQ\CTNCITHKECFGWPCHWPEKPHSWGXGTKHKSWGNCUEQPFKEKQPGUUKIWKGPVGU

K 6QOCXCNQTGURQUKVKXQUGP   

KK %QPVKPWC[ETGEKGPVGGP  

KKK 6KGPGFGTKXCFCPWNCGP Z




0 5 

KX 'PVQFQ Z 05 UGVKGPGSWG H c1 Z 6  

X  H c 05 z H c05 EQP H c05 H c05  


 [ H 


5QNWEKP

7PCRQUKDNGITHKECFGWPCHWPEKPEQPGUVCUECTCEVGTUVKECUGU
Z








05

05

Z    

%CNEWNCT H c Z UKGPFQ H Z


5QNWEKP
Z


ZG Y



UKZ t 
QNQSWGGUKIWCN
0 5 %&Z ZUK
Z 
'
%Z  UKZ 0f f5 
H 0Z5 &
'   Z UKZ 05

&CFQSWG H Z

GPVQPEGU




Z !  Z  

0 5 %&'Z
ZZ 0 5

Hc Z
0QGZKUVGFGTKXCFCGP Z

05

Hc 

05

Hc 

NKO 

'Z o 

NKO 

'Z o 

 [GP Z

5 05

 'PGHGEVQRCTC Z

H   'Z  H 
'Z

5 05

H   'Z  H 
'Z

NKO 

'Z o 

NKO 

'Z o 

05 05
H c0 5 z H c0 5 

0   'Z 5

 UGVKGPG



NKO 

'Z

    'Z
'Z

'Z o 




NKO 

'Z o 

05

'Z    'Z
'Z

 'Z    'Z
'Z


 

[ EQOQ Hc  z Hc   GPVQPEGU PQ GZKUVG H c   #PNQICOGPVG UG EQORTWGDC SWG






*CNNCTNCHWPEKPFGTKXCFCFG

0 5 

D  H 0 Z 5  Z 

E  H 0 Z 5  Z   
%Z Z   

F  H 0 Z 5 &
' ZZ t 

C  H Z


5QNWEKP


05

C  H c Z

NKO

'Z o 

5 05

H Z  'Z  H Z
'Z

NKO

'Z o 


'Z

 

05

#URWGUNCHWPEKPFGTKXCFCFGHGUNCHWPEKPPWNC H c Z


05

D  H c Z

NKO

'Z o 

5 05

H Z  'Z  H Z
'Z

 Z   'Z   Z
'Z o 
'Z

05

05

5 05

E  H c Z

H Z  'Z  H Z
NKO
'Z o 
'Z



NKO

'Z o 

0 5

 Z    'Z

 

NKO

2QTVCPVQGPGUVGECUQNCHWPEKPFGTKXCFCGU H c Z

NKO

 Z  'Z

'Z o 

  Z'Z     Z   
'Z

 

 

   Z  
'Z

NKO  'Z   Z

'Z o 

F #NCRNKECTNCUTGINCUFGFGTKXCEKPGPGUVGECUQUGQDVKGPGSWG



 Z 

0 5 05
5K Z 0 f5 H c0 Z 5

0 5 Z Z 
 Z RQTNQSWG H c0 Z 5  
6GPGOQU NC HWPEKP FGTKXCFC FGHKPKFC GP   :?  CPCNKEGOQU RQT VCPVQ SWG UWEGFG GP
Z

 

Z  RQTNQSWG H c Z

5K Z f  H Z

 2CTCGNNQECNEWNCOQUNCUFGTKXCFCUNCVGTCNGU
NKO

05

Z  
NKO
Zo
Z

Zo
Z !

Hc 

05

05 05

05

Hc 

H Z  H 
Z

Z !

05

NKO Z

NKO

Zo
Z !

Z  
Z

Z o
Z !




 

Z o
Z !

%QOQ Hc  z Hc  NCHWPEKPPQGUFGTKXCDNGGP Z

:?

NKO 

 RQTVCPVQNCHWPEKPFGTKXCFCFGH

PKECOGPVGGUVFGHKPKFCGP    [XKGPGFCFCRQT

0 5 %&ZZZ !  
'

Hc Z

)THKECOGPVG
Z

G Y

G Y

G{ Y

G{ Y




%CUQ
C  'P VQFQ RWPVQ Z    NC VCPIGPVG C NC ITHKEC FG H GU JQTK\QPVCN RQT VCPVQ VKGPG
RGPFKGPVGEGTQ.CHWPEKPFGTKXCFCGURWGUKFPVKECOGPVGKIWCNCEGTQ
%CUQ
D 'PVQFQRWPVQ Z   NCVCPIGPVGCNCITHKECFGHEQKPEKFGEQPNCRTQRKCITHKEC
SWGGUWPCTGEVCRQTVCPVQNCRGPFKGPVGFGNCTGEVCVCPIGPVGGUNCFGNCTGEVC [
RWPVQSWGTGUWNVCUGT.CHWPEKPFGTKXCFCGURWGUEQPUVCPVG




 Z GPVQFQ

F
Z

G
Z
G Y

G Y

Y|

Y|

Z
G{ Y

G{ Y
Y

Y|

Y|



%CUQ
E 2CTC Z !  NCRGPFKGPVGFGNCUTGEVCUVCPIGPVGUCNCITHKECFGHGPFKEJQURWPVQUGU
RQUKVKXC[NCHWPEKPFGTKXCFCRQTVCPVQVCODKPNQGU5KPGODCTIQGPNQURWPVQU Z   NC
HWPEKP FGTKXCFC VQOC XCNQTGU PGICVKXQU 'P Z

05

RGPFKGPVGPWNCRQTGNNQ H c 

  NC VCPIGPVG GU JQTK\QPVCN GU FGEKT EQP

 

%CUQ
F 2CTC Z !  NCITHKECFGNCHWPEKPGUWPCTGEVCRQTNQSWGTC\QPCPFQEQOQGP
D 
NC HWPEKP FGTKXCFC JC FG VQOCT WP XCNQT EQPUVCPVG 'P RWPVQU Z    NC RGPFKGPVG FG NC
VCPIGPVGGUPGICVKXCRGTQUWXCNQTVKGPFGCEGTQ
CWOGPVC COGFKFCSWGZUGCRTQZKOCJCEKC
EGTQFGCJSWGNCHWPEKPFGTKXCFCUGCPGICVKXC[ETGEKGPVGCEGTEPFQUGUWXCNQTCEGTQGP
RWPVQU Z    'P Z

  NC HWPEKP H PQ GU FGTKXCDNG [C SWG GU RQUKDNG VTC\CT FQU QTGEVCU

0 5

VCPIGPVGURFKUVKPVCUCNCITHKECFGHGP  EW[CURGPFKGPVGUUQPRTGEKUCOGPVGNQUXCNQTGU

05

05

Hc  [ Hc  






05

*CNNCT H c Z UKGPFQ

05

H Z

NP

%K& 0 Z  50 Z  50 Z  50 Z  5 (K) 


Z
'K
*K




5QNWEKP


05

 PKGPNQUKPVGTXCNQU  [  'PUW

1DUTXGUGSWG H Z PQGUVFGHKPKFCGP Z

FQOKPKQFGFGHKPKEKPUGVKGPGFGCEWGTFQEQPNCURTQRKGFCFGUFGNQUNQICTKVOQUSWG

0 5  ;NP Z    NP Z    NP Z    NP Z     NP Z @ 

H Z

'PVQPEGUCRNKECPFQNCUTGINCUFGFGTKXCEKPUGQDVKGPGNCHWPEKPFGTKXCFC

0 5   Z    Z    Z    Z     Z  

Hc Z

FGHKPKFCGPGNOKUOQFQOKPKQSWGH




0 5 4  2  Z 7 9 GP Z

 

*CNNCTNCFGTKXCFCFG H Z

 


5QNWEKP


0 5 1I D I 60 Z5 FQPFG
 I 0W5 W  I 0 Z 5   2  Z 7 
#RNKECPFQNCTGINCFGNCECFGPCUGVKGPGSWG H c05 I c 1 I 056 I c 05 EQP
I 05 

I c 1 I 056 1 I 056  
I c 05 PQRQFGOQUECNEWNCTNQFKTGEVCOGPVGCRCTVKTFGNCUHTOWNCUFGNCUVCDNCU#[$
#JQTCDKGP I 0 Z 5 1 I D I 60 Z 5 I 1 I 0 Z 56 FQPFG I 0X 5 X  I 0 Z 5   Z 7VKNK\CPFQ
FGPWGXQNCTGINCFGNCECFGPC I c 05 I c 1 I 056 I c 05 EQP
I 05  
I c 05      


I c 1 I 056 I c 0 5  
#URWGU I c 05   2QTNVKOQUGVKGPG H c05   I c 05 2  7 05 05 
.CHWPEKPHRWGFGGZRTGUCTUGEQOQNCEQORQUKEKP H Z


 

1DUTXGUGSWGGPGUVGGLGORNQVTCUGNFGUCTTQNNQGHGEVWCFQUGJCQDVGPKFQ

0 5 Ic1I 056 Ic 05 Ic21I D I 6057 Ic 1I 056 Ic 05 


UKGPFQ H 05 1 I D I D I 605  'U FGEKT NC TGINC FG FGTKXCEKP FG WPC HWPEKP EQORWGUVC
Hc

TGINCFGNCECFGPC GUCRNKECDNGVCODKPCRCTVKTFGWPCIGPGTCNK\CEKPKPOGFKCVCCNECUQFG
EQORQUKEKPFGOUFGFQUHWPEKQPGU





*CNNCTNCFGTKXCFCFGNCUUKIWKGPVGUHWPEKQPGU

0 5 0 ZZ5 

G  H 0 Z 5 VI 2G 7 

0 5 2Z  7  
Z 0 Z  5


F  H 0 Z 5 NP


C  H Z

D  H Z

UGPZ

0 5 EQU
Z

L  H 0 Z 5 NP0 VIZ 5 

I  H Z

E  H V

H  H Z

UGP CTEQUZ 

K  H Z

Z

05

J  H Z

05

V  V  

05

Z

GZ

05

G  Z NP Z 


5QNWEKP

%CNEWNCOQUNCUFKHGTGPVGUFGTKXCFCUCRNKECPFQNCUHTOWNCUTGEQIKFCUGPNCUVCDNCU#[$FGN
CRCTVCFQ[JCEKGPFQWUQFGNCTGINCFGNCECFGPC


0 5 2Z  7 2
 

C  H c Z

7 2Z  7 0  Z5

F Z   
FZ

  Z    Z 

6CPVQNCHWPEKPHEQOQ H c GUVPFGHKPKFCUGP  


D 

0 50

5  0 Z5 F0 ZFZ 5
0 Z  5

F  Z
Z
FZ

0 5   Z 0 Z  5
0 Z  5
'NFQOKPKQFGNCUHWPEKQPGUH[ H c GU   :? 
05

Hc Z

 Z  



 Z     Z

Z

0 5 0V  5 0V  5 0V  5

E &CFQSWG H V

0 5
0 5





Z  

Z

UGVKGPGGPXKTVWFFGNCTGINCFGNCECFGPC[

FGNCUHTOWNCU#
 [$
 

0 5  0V  5 FVF 0V  5  0V  5
'NFQOKPKQFGHGU  f5 [GNFG H c GUGNKPVGTXCNQ 0  f5 
Hc V








 

  V 

F 

05

Hc Z

 0
0
0
0

5 0 Z  50 Z  5  2 Z
5
0 Z  5
Z 0 Z  5
5
5
0 Z  5

F Z Z 
FZ Z  
Z Z 
Z

Z



0 Z  50 Z  5  2 Z  Z7 Z   Z  
Z 0 Z  50 Z  5
Z 0 Z  50 Z  5


0 5

0 5 0 5

Z Z 
!   GU FGEKT GP   f  'N FQOKPKQ FG H c 
Z

.C HWPEKP H  GUV FGHKPKFC UK


EQKPEKFGEQPGNFGNCHWPEKPH


05

G  H c Z

2 7

 VI G Z

2 7

G "
2 7 FZF ! UGP
# 
EQUG $
F
 UGPG 2EQUG 7
FZ

2 7

F
VI G Z
FZ

F
UGPG Z EQUG Z
FZ
EQUG Z



 VI G Z



 VI
G Z



 G Z VIG Z

 VI G Z

G Z EQUG Z EQUG Z  G Z UGPG Z UGPG Z

2EQUG 7

Z 

2 7
EQU 2G 7

G Z VI G Z

EQU  G Z  UGP  G Z
EQU  G Z

.CUHWPEKQPGUH[ H c PQGUVPFGHKPKFCUGPNQURWPVQU Z  VCNGUSWG G Z

S S S S
   ! 
   

05

H  H c Z

 ZG Z  Z  G Z

Z  Z

GZ

2G 7

Z 

'PGUVGECUQ  GUGNFQOKPKQFGH[ H c 


5 FZF 2  EQU Z7
7 0

I  H c0 Z 5
2  EQU Z7
EQUZ  EQU Z  0  UGPZ 51 EQUZ 0 UGPZ 56

2  EQU Z7
2

EQUZ   EQU  Z    UGPZ






EQUZ  EQU  Z  UGP  Z  UGP  ZEQUZ

2  EQU Z7


: ?@ 

.CUHWPEKQPGUH[ H c GUVPFGHKPKFCUGP   MSM ' 




J  #PVGU FG ECNEWNCT NC FGTKXCFC FG H FGVGTOKPCTGOQU


EQP C[WFC FG NC GZRTGUKP FG NC

05

FGTKXCFCFGNCHWPEKPKPXGTUC NCFGTKXCFCFG J [
GUNCKPXGTUCFG [

05

J  Z

EQUZ RQTNQSWG



05

CTEQU [ .CHWPEKP Z

05

J [

CTEQU[ 

FZ
F[
#JQTCDKGP Z

05



   EQU  Z

  EQU  CT EQU [



2QTNQVCPVQ J c [



UGPZ

  EQU  Z CURWGUUWUVKVW[GPFQ

CTEQU[ [ UGPZ


FZ
F[


F[
FZ



0 57

  [



  [

.CFGTKXCFCFGHTGUWNVCUGTGPVQPEGU

05

5 FZF 0CTEQUZ5
 [GNFG H c GNKPVGTXCNQ 0 
 5 
'NFQOKPKQFGHGU 
Hc Z

EQU CTEQUZ


  Z

05

K  H c Z

0 5

2 7

F Z
F
G NP Z  G  Z
NP Z
FZ
FZ

 G  Z NP Z  G  Z


Z

G Z

   NP Z 
Z 

.CUHWPEKQPGUH[ H c GUVPCODCUFGHKPKFCUGP
f 


05

L  H c Z




F UGPZ
FZ EQU Z
UGPZ
EQU Z




EQU Z EQU Z  UGPZ UGPZ


EQU  Z
UGPZ
EQU Z

'NFQOKPKQFGH[ H c GUGNEQPLWPVQ




!  S

 
 



UGPZ EQU Z

   
   

 
 




S
S
S
S
S
 S
 S
 S ! 










&CFC [

KPXGTUCFGHGP [

05

H Z

 Z   Z    FGHKPKFC GP   ECNEWNCT NC FGTKXCFC FG NC HWPEKP

 


5QNWEKP

.CHWPEKPHGUGUVTKEVCOGPVGETGEKGPVGGP  [CSWGFCFQU Z  Z   Z ! Z  GPVQPEGU

1 6

 Z !  Z   2QTVCPVQ H Z

1 6

 Z  Z   ! H Z 

 Z    Z    

#URWGUHGUKP[GEVKXCGP  [VKGPGHWPEKPKPXGTUC I


&GCEWGTFQEQP=?



H  FGHKPKFCGPGUGKPVGTXCNQ

05



Hc I 

1 0 56

Ic 
5K [

 Z   Z  

 Z   Z  
Z

05
2QTQVTCRCTVG H c0 Z 5
RQTEQPUKIWKGPVG I 

 r   


 

05

 Z   NWGIQ H c 

 4GUQNXKGPFQGPZ
 r 


%&  
'   
05

 RQTNQSWG I c 

  





2TQDCT SWG GPVTG FQU TCEGU FG WP RQNKPQOKQ JC[ CN OGPQU WPC TC\ FG UW HWPEKP

FGTKXCFC 'P DCUG C GUVC CHKTOCEKP FGOQUVTCT SWG NC GEWCEKP Z    Z   Z  

  VKGPG

0 5

WPCPKECTC\RQUKVKXC[SWGFKEJCTC\GUVEQPVGPKFCGPGNKPVGTXCNQ  

5QNWEKP


05

0 5 20D5
GUWPRQNKPQOKQJCFGCPWNCTUGGPCNIPRWPVQ E 0 C D5 

C  2QTGN6GQTGOCFG4QNNGUK 2 Z GUWPRQNKPQOKQ[ 2 C

05

D  &CFC H Z

05

SWG H 

05

  2 c Z SWGVCODKP

Z    Z   Z    SWG GU WP RQNKPQOKQ


RQT VCPVQ EQPVKPWQ GP  UGVKGPG

05

 [ H 

0 5

05

 2QTGN6GQTGOCFG$QN\CPQGZKUVG C  VCNSWG H C

05

FGEKTCGUWPCTC\FGNRQNKPQOKQ0QGZKUVGPKPIPQVTQ D !  RCTCGNSWG H D

 GU

 RWGUUK

CUHWGUGNCFGTKXCFCFGHVGPFTCSWGCPWNCTUGRQTNCRCTVG
C GPWPRWPVQGPVTGC[D2GTQ

05

Hc Z

 Z    Z    GUUKGORTGRQUKVKXCRCTC Z !  





&GOQUVTCTSWG  Z d G Z RCTCVQFQZ  WVKNK\CPFQGN6GQTGOCFGNXCNQTOGFKQ


5QNWEKP


05

&CFC H Z

G Z CRNKECOQUGN6GQTGOCFGNXCNQTOGFKQGPGNKPVGTXCNQ Z EQP Z !  5G

VKGPGGPVQPEGUSWGGZKUVG Z   Z 

05 05

H Z  H 

G Z  G

1 60

H c Z Z  

FGFQPFG




G Z Z 

GZ

G Z Z   t Z   

[CSWG G Z !  [ Z   
4GRKVKGPFQGNTC\QPCOKGPVQGP Z EQP Z   UGQDVKGPGSWGGZKUVG Z Z VCNSWG

G Z   Z   G Z

G  G Z

G Z Z 

FGFQPFG
G Z Z   t Z   

GZ
RQTUGT   G Z   

#URWGURCTCVQFQ Z  UGXGTKHKECSWG  Z d G Z 




'NTCFKQFGWPCGUHGTCGUFGEOEQPWPRQUKDNGGTTQTFGOGFKEKPFG r EO5K

UGECNEWNCGNXQNWOGPFGNCGUHGTCWUCPFQNQUEOEQOQOGFKFCFGNTCFKQEWNGUGNGTTQT
SWGUGQDVGPFTCNJCEGTNQ!

5QNWEKP

5KTGUGNTCFKQFGNCGUHGTCGNXQNWOGPXKGPGFCFQRQTNCGZRTGUKP

05

 
ST 


8 T

#URWGUUKGUVKOCOQUSWGGNTCFKQFGNCGUHGTCGU T

05


S 


8 

 EOUWXQNWOGPGU
S 

#JQTCDKGPRQFTCUWEGFGTSWGGNTCFKQUGC  r  'PGUGECUQNCXCTKCEKPCRTQZKOCFC


SWGGZRGTKOGPVCGNXQNWOGPFGNCGUHGTCRWGFGUGTECNEWNCFCEQPC[WFCFGNCFKHGTGPEKCN5G
VKGPGGPVQPEGU

0 5

'8 | F8 'T


FGOCPGTCSWGUK 'T

05

8 c  'T

 ST 

T 

'T

 S'T 

 NCXCTKCEKPFGNXQNWOGPGUCRTQZKOCFCOGPVG

'8 |  S 

S | EO  

2QTNQVCPVQGNXCNQTTGCNFGNXQNWOGPFGNCGUHGTCGUVCTEQORTGPFKFQGPVTG
S  EO  [ S  EO  



(MHUFLFLRVSURSXHVWRV



%CNEWNCTJCEKGPFQWUQFGNCFGHKPKEKPNCFGTKXCFCFGNCUUKIWKGPVGUHWPEKQPGUGPNQU

RWPVQUSWGUGKPFKECP


K 

KK 

KKK 

Z

0 5 %&'Z
  Z t 
Z
H 0Z5


  Z
H Z

 Z  

H
Z










&CFCUNCUITHKECU
 Z

L 

LL 

Z

Y



Y

05

+PFKECT

C 'PSWRWPVQUCGZKUVG NKO H Z RGTQHPQGUEQPVKPWCGPC!

D 'PSWRWPVQUCNCHWPEKPHGUEQPVKPWCRGTQPQFGTKXCDNG!

ZoC




*CNNCTC[DRCTCSWGNCHWPEKP

Z d

0 5 %&CZZ 
'  DZ ! 


H Z

UGCFGTKXCDNGGPVQFQ  



%CNEWNCTNCUFGTKXCFCUFGNCUUKIWKGPVGUHWPEKQPGU

C  H Z

05
05

E  H Z




 Z

NP Z
Z !  
Z

0 Z  5 2 Z  7 

G  H 0 Z 5
Z 


05

D  H Z

 Z

Z

 Z2 Z  7 

F  H 0 Z 5 NP 
  Z    

H  H 0 Z 5 Z 






*CNNCTNCFGTKXCFCUGIWPFCFGNCUUKIWKGPVGUHWPEKQPGU

C  H Z

0 5 2 Z  7  


E  H 0 Z 5 Z G 


 Z

0 5 Z Z 

F  H 0 Z 5 0UGPZ  EQU Z 5 G


D  H Z




*CNNCTNCGEWCEKPFGNCTGEVCVCPIGPVGCNCEWTXC [

Z  [  

Z SWGGURCTCNGNCCNCTGEVC

 


W   W [ W

Z


F[
JCNNCT

Z
FZ



&CFC [

C 7UCPFQNCTGINCFGNCECFGPC

D %CNEWNCPFQNCHWPEKPEQORWGUVC[FGTKXCPFQ




&GOQUVTCTSWG R
Z

Z  P   CZ  D PQRWGFGVGPGTFQUTCEGUTGCNGUUKGPFQ C !  [

P  



0 5 Z2 Z

#RNKECTGN6GQTGOCFGNXCNQTOGFKQCNCHWPEKP H Z

 




#RTQZKOCTRQTOGFKQFGNCFKHGTGPEKCNNQUXCNQTGU

C    



D 







 Z   GPGNKPVGTXCNQ

E  VI  

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy