aoLell ual
‘lll isa
i ule atl
WoW dy ly Hil By ae J
WeWniNa Bal
cial fl ell sll ola ody
8994) Hat (10%) Ay cul pal gia
S948 Had (80) ay Sua a ul ae ah ey
09) AL Ost at A pad 9b LIAN Sishy Gyu HN t y
Ween dial
Ay ahah ce Ha ss thay YY (11) Ub wy LB gy
Al LS die gh Saal sa
AS gia Sah ea ay VV EVN) ey gl a gle A gy
Aaa Ls Din gE A Lt ps a hat
Renate silty iBOLT. 14 (1) Sy one Ley
eb HL YVAN A Ge baa (1) gg ig
gh pal pat al
_
«sett Sat
Aig a A Ma pT, pad gel a ye ay
aes 5a
eBay lady Tig tg ua AB Ua LH ge LL tee
hh Ny ya gh saa ay al a Jol Hyak
out
9 BRM ca RS Ay gS Al py a a ww YS
3. Sigg MB LADD gl jg ely Lidale! tual
‘lll lal
‘Ul yale dat
aa at
STON ALY) yD le a UE
ants
igh ahaa La nt hag al a a a SY
Sis ile Som tet 6 uy al Gl
ta 5
44 deus Aaah aay Lag gn SY a ley Hy pal hg 8 98
Raped gy a Ap Adole! ayall
cll all
cru CSET ATOSLA (al) pill Ty yall ullnall
Seb hiya
Aenea 2g fe SG)
" gal Sod tte ee La
W
Se haw
“ te SA ne
“ aah BM Asta nn cals
" pel tay gale jae clasts
a aay pt a te a
st als at (I) Gale
ay
aa al paGot Gy ae
sates
Ap hi Way one Bd GS Gate A as IAD all apy
Amy MAY TA Ne hy hy ge Oh ALLY Yee Aly Ray ode
Raped in gM ADS Sil nts 38 ly YS
eit Se ae ee Je le ALN AL gl cm a hy
MEM lH Mga FLAT cheat Lally cing ASiyay cLisa Lal
cates ap Lada aan Gat ly ge pill chad La YS
hh i ik iy 5 8 etl nl ply «Hy Key
SAY LD SM pulh Se Sal ML GY GLI Gh Lng a Aah
Afaall Aj A os SA ound ads analy ¢ a
EA My yA le A pb cy Veoh De oy oti Oty
ah a at pal ih YA pa
Apel pie ALN BLN yh Ja ey Maple a} 3,
ad als cant IL lth ee pass IY ys pil
AHA nl el En MA pl la bal Sang dy Hb Jad
oa Sho a
lta ehh a at pyidany hal lly Cuil thy es ayn cll HD
ol aly APD 8 ALN, Cig GR Ad gy Lal tly
sabe oS ley al gant al any
CASI oe skal pe Ses AE Tye UL DL yay
Way RelA Sy Sy cH Aly Sah I tac Hs aa
aus
ele Jinn ge Ayla La al hal pl Bal pall 9 IS Ly Jey
B40 hy al ly Su 9h Ca Uy — yd rae Sy seam as
LE 5p ly 1447BA le tay AM A He 5 te a al
ea a a ga ag a a
Pod get LR pat ng ey Sh
HY Sha Gl Se lg lh il MAN TBS le Bl pull) lang
JIS AD pie oa} pala eA gM cay of ohh A
PRA Rhy ape J a ISS a a Op Se ph al SLT
agate
RADU Oe WV ey Bal SAY yy Sam pa fa Dye Gund AS
VA9Y AAS 90 Dll ols doe cl A
GL Soe ot AY A On te th GU IY iy La ae
at
cha J yaa ag ALES dy gta ly lpg Ase =
ABI Pa hi Aa (4) 58 YY
Rett asa A GL lay a at Ul al At Lg ay
SAM Ua Bake ye AS po oped Lam aly tel Ug ae Syd ayy Jolt ae
ed Lgl asl AS 2 a in ce ST 969+ a gad is sta
BAN FA, a Ee A CIS lb gall yo BEL -
Repeal Lagat
Uae Ys) angle a a AD LM gh fall in al ah -
(660 ta Sot Lal Spl te
oe Hh SAY Ty aa AS a cha SS a Gy LY Che =
AMY aad te dod,
ALA SLM cual Ay pall we
aera en eee EIEN oa ree ll ty UnHB Hann Tied Os Ue oaks Mee O+ et ol Gt dle US Ly nt
AL GM dae hal ca fa
Ayala pallet
file ate
BBS Joe i GSS see QI teu Uae SL SL GU le ys
sess IS YL any hs GA fly ja
PGA pe yl lh ya adh oe ey
aa pL a (9)
AM Lia leg SMa il Uae al Anh (1)
(Sa HS cf) th aati A bo Hl (P)
Senate
oe a Sy at ae HA De aa aba ha I
a eg Aa Medal AD Gy Gg Aa Chal 8 ee ape
A sy oS CARS RA apt ja Yl ply al Go
BAN SAGAN DR Al i se GY gd 18 ia Oy A
all Otte ae b= Apel
Sees Bly hal bl ll wal Oh gh hall le a as
DS pal ff Masa JS pal hg ope al la ol gS Ud
eB hg AED pe Sly Ae peal
BRL A Al Ly ey A at ln all Bd hy
CoA pall lo a Se Lal a LE Aa yd
Ly Se oe US gy GAL a RS Se A he uk ll Lal al ga
Akt Gin che Lal oy cM che ged a Sa Gh
08s cal lng ar aly 8) A Sy2 1 iy pill Jae A Gad Aas yn 4D Chagall le Iya
Bal Ay Rell a hy 2S «Hail a al ead aay ADL al
a GI boll ag
UBadly Wal aH all pt data I lad g ial Sealy Sah dy
i Mal Ba a Ul pth Uae Sy a a Ge A
cigs ah tg Ia gy of ad Nl oe a lb
Sa gil Dal) ALA aS (£0) (Sy ype gal Jo ty
A 8 Sa ay ae nh 38 i a J al gd Se
ADD le eye ae) Gay ly al
lovestment Value) i as 4)
ratte Segnalo Lal at a ay
ee SSS NEL ay Sl ed LM ay Ge EE yd ay
1S Geos Ae Lgl, Yy Ay Leta US ans ae ly Gla
Ah De J Gol eo te Y Oa
ae 38 J an pt i lA Ly LNT ay
iat
ee dS Att at yy Mec Aaya ad oe BA pl Ee
ll fa MLA lh pail a lal Un gay al MN AS ay aly
ae Cie el heatFea sha 1 de Bl
Ante (1)
S21 AH DG Ge aly Hany HAL lee ol gba Gli of Jad Gee
FAN se Lt Aa a ata AIIM Co GE ell Gly a
sp De cy AS SS yy IN oe Sk «Hi a
1 pe J gh Bs ll Se yl Ae a Ly
et ashe 13 (1)
ALM fal WY
SOS J TN DEY a Cie ohh I idl Ga Woy
M1 J in le le 4 nh has ao ub A guy J play
ied tis
Baan a Usman antag gl pat tan ag A all hy Ying
cS dy cual a ci Xft
chee lB cad ouialy ial ane gay pid ee I
PALI Hal ie al ga ee ees hat day gy Anas
ee ty hal Ad ely Unga el gf gb isi class
ASG LG cay La an A al Sy Wy
il Ue
A ge cata le At ce GA te il ge gle yt
$5 fl Hy NN 3 ay Ja
BS AA AHS Sa ll Eannge Cal lege sini sll Soc
he
Ay lf en th ce hl ca lesph Gas py MJ UDLYETY
AB Sa ob FS J el Doel abl tal pall me YL
Aas ga a HS oe cea ols On US ily Maine
cob aa Ae IY Mo ete gh ly A
wah Sl
J tiga J pata inane ae Ga py pe ED oe Ui pS
clans ea he iy Se J RI at ta ae pm
eB Daal apy hay ALN Lay lh Se al aL)
BM hy Day GIS yA A A) HE a My fl 0
Ba ahs GES li ell Gy Ce SAI oy nay al
ad ll ae
SS Aas ey Me Ly pal iS Jd pil gle Sg
Dy ths 5 LL a AY JAS Leta J dyed Uh
se a ae
Side pal Jae al Up) ll le Daa lle shay a
SBS sy cal ad alse a al bake yp hy Cane
a ae CS ly gli 5 AL 4 Chae J td ca
Sa Sis Shad ge shoe abd A he SL gle ty
Ws el bea 3S pl te I
AR he AOU LE ga IS He Shy he Ua pill ge ly
LAT Ge gl PSR gat a el gle Bay aul
BSF Da ig La ay hy yl yay gpa
aD fe Hi ca aL al Ae pl
Gon ag yh ay ne lle JS al SJE Jah g
GH gb BLN yy Ds LE ADT AS Cad wl Gl)
Pe PLA bey Gas Minn gle Ja taea io Sa thy ol GB eg) la Ji
A a Dy MS 0 oD Gna a gh Ui gd
Sa Sl a al gb al
pal In Sa at ol Sa pad a 0 ny 3
Spal th ida 98 GL ADILES ak pcae
as GS ae Cll, pl Gh) ly Cay ey oe
Missi tay
AD ue pa die le Gals ued ul geal IUbA uldsd peo
fm es Ay SNA al he Gill el gle ns ul abe
Ae
GaAs ele gall aS al gl a lA lee ote
I pg ed (iy Ansa ol) fal a
Sb ay 14S a Aa AS)
Aa AS A a ee pny ANAS A lad BY gto
cel all a ag ie J lig ly He} oS HL
sarah gob ila bleh
ee AAS NU ag Lael Go ye GALAN CI Dg
A el al A ll eat Sing AS il Sy ih
ee ey ANAS 25 al (fy al 5 Gla)
A Aa. ie cate gh oil J pul
Ala chapel ley te peal
YS se J ude JY a al ae Geel pil ge I
lade tt he yey Abe aad ae ait oid daeeB chy ppl yi pth aan de embll oth o ASAl
Saab Gal ole uy Ae pall te Gay aM gam dy ch
Heese il Gs ON pall ney 6 JAA) ally SS si
at ne Y Ula ge hy JE yy Hadid clay Cay
8S G3 oe pill on kd
Spall al ey ladle aan 6 Cieglee A past pie gill gle Gay
Venany nee Ge sl apa Ua ey ay le SLI
Led Se ke ial Gay CA a hd ny Linas
28lS oe ay a tl Lh ASA es cman ald Ge Clans sll
sl ie a
Chasen ches uf gl oA AUS J pak sd pl le ay
Daal Gino ay Gane pata) yy Vi cinay lee ol ji olay sf ne
Maly Thay aia yin wll iS) I Gaming « Chine ly ol jVH 4h ll
sons op ta oft
ely Ghat hgh a FAIS GLB! Kae gal Uh ee
Jb yy gl oe I gl ea SAN Sema
SUSY oe al pgs Gay Oneal Oe GLY ye a Tu
el Sb ge Ge ale iy he al pl Sy Lad Sy
Sel pa hs Wy lf ly pl he A Gd
Atel 39 et0
Ab Lala J oil sh
A aly Sy ly Cate AL Ua as J ph i OS ol oe
ab isi il oh Se Cash J hy laa io A ads gelie pet = Sa = ABD Jeske LJ Rady oe thal
easily ov a cous
pal vt
Rony a inal ill aly J pe le ysl 5
ly Da ol he gS pl ae ay ae ae
SAR Sa Ge Eh pl Dae aaah a6 gle sil gl
AMY ple US Gd gh al lata gle yl yl ge ha
GURY ol ge pale gli be gong Hal 4 call gil
J Se gh da Sb
apt Chal 5 Lcd lS a A om Lat ps pall Ee
Ssh J RAL haat de gx Jah i 8 aly nly Sonal
scl Ja
egal BRYA
thy WD La La J gaily Say Ue US) A al Ge cay
sta I Ue DIS Ge Cah oun Ay Nyy Clans Canny
ey Ua Ll gaa Go SS Las pil le gle slo
Aah gall i ot IS On Ege Lando UY tad ll yf Sy
SAAB A AR Ey all ls Si i Say II 8 yp
Aga at cs Al cA iyApel SpUisl cits ae sad
ne (8)
eA pb Aaya Sy Sl hae 6 Al al iil lye ol lb
Edad Sly ily al MN lig ly gl a) A al a
PAB Be) hay gy pl alle aaa ly
1 Apes Sab cia (1)
ted Sell mes Sly Bl ie ll ll fs I Ca
Sage Jol a ay i ha ag le ly lal al ne
Pie da ye CONS A aos BAe Ja nm uly Ales
Ab ABT Sl
A MAD yay yal (1)
eo Daal ME 8 a Aly Dy Gl ALAS yy le Ub ll OS) Ins
5) Lag Gye Lp Ja th agg sla ly cg 2 lay lial
ay J Ty al lp le inal SE ag il al 8
gal ign Poe Sata he sad PLY el) il aly DUE Ge
spat apa dd (4)
Sa age JAS G3 19 a a A a pe ph ey UL as
thy el Al ig Sy gyn Ga gh ea kel A ye ae
Fepie $ly Hn a 8 sg ial SOD Ga he 38 Lyla
ase ee LI il iaSa ne: OS
4a ()
mA la ep Gat ae JON pain an ll el in Gis
Ha Aelia tb ss
we a le ly Salen (a 9
pel Led (1)
Airey Me AL ah ms ee eal a oll Ua ly Sy
ABD ED gall chin a Sg UH CUD eG ay
ot
Se AN GAS (1
(Dot Bhs a (hea I) Aa lca li ha tS Gt a
Hm pte gh pal Sa pl aS 05 hy ply al
eat
gb EON ge BM lls gat os
BBD Ge Soule ge sal yas |
a A) Rl ah nd GRA Shall rae ple all gu 1
(Ba a io abot bg gl i
SA Ash Jot Ae panels AUB es aA YT
fee
ll eh sl nn ly a 0
AS US lth A ean ly pl BL (lel) Sad aa pony
i349 A ALAS Gh 348 Ue Chea
oA naa
3s Le ede as Goll ak Se Coa Ae Chay pl Ge yall tS
acon Sy iytebe e
hash anny a
gall easily CU lanes Haale Ge SAY 53ly Clea Uty
sa apy Da la gb ciel age gh I pan Sy pl Ae
sek co Nelo cheat iss all ae gle yl Ugh Cagle oft Claane sl
sam
ppl dh iy Jal (5
eat ey (5,
coh BIS ahh ANS Y Lag sy jill Abaya Ld le lens BL YN la pe ey
patil a pale flail he al iy MOLD ll Bal Jot
BS Cy ay JT
pall ag oe gD 5 sl al (
Any il oe pial Gaull lla fal (a
a Bd yb cha (4)
Babee DIG Saal! GU gle yyy ate SD ol jal can say Le Sly l cay oot Lhag ob
SEN AA it op alae hy a shal Aa sae ay La ad ls lel
Agak sdpi ee ia ea ely
ise (s)
Sg Ba gle ANN A te pe al al lg le
pl oe iO A da pl gh A pd
j cca AL AY Sh ey AT
a Sh ge Ja INA
PM Soe atl aay in lt sa ad BA
pa alae ge GN Rake
pei dae Rat a gh (1)
bt — cat gh pil Ja LLL ago pall Ge i LNA ad)
SVS LN Chay chi Sy gaya Ss
Geta ey ILL Gs Raa A OS
Ail Lyf ysl AL yen alas
sa ol yaks Me Mt cla l=
ay ast) Laity Haga i ad
Sey A Aa ol pee BS ls Ley A hl dy
4 ees ly A A BB Ad Bd IE
AeA jell
eB DIS Gee Ga a eel Ge aL yaa ag Bl als Ly ely
Sosa ae lly pl dae LN ght ge ily V4 thal iy BL
scl coh gash a fy ol (lop down approach) "id 43 el ox"
ep Alga ig AM yy as gy fs esey ph Une LE Lay
{bottom up approach) “lel Ul ow’ dase illsSRI By ea hoon ay al Lal i pal sh Sly
a A Ae, ply GD ASN yaks AAD CI clay
AS Al oaks Maw IAS ce dha ay Le lal ally Gy US
yA A Lal gl Aa nS 6 ll iad A oka
SAA A ah A eda La ol a gl ea lel od
AND Ch) Golo) Asal pal a BOs SO
Go hay JAA SA pal Jal ANA COG Jal gh
i su nf
EL an gS yh 5h BM Je pl 9
Sa ah La Gt Sat 9 Lage aa Jal Al ao Hee go
A cae ny Sle ly IS hy cl Lane ty 9 pl cat
wig Mad cl feo
Wea Sa clay lg lal lly SLAY pall one -
2S Canny Ca ap Joel Le any ly All hal
sal
ay gl sh
SPM iy pl a SAN BS este oy GI pl Ge aI gon
isan al gh le has ye a say slay
ota 4g path das 1
ny ll yan gl Heal A ghee pl le
dota jf EU eh ol pay patel ye at
Aaa Sl ie gle Wha, all pails 8 gle the
AL pe eB AS a J Aas yp a al ks
Body uallyist gt fy ASLAN ue ap
ay al Le gs pil Sa Sah ail nD el Gn
AD ey omar shal ty gall yy amatl A Slpan On aly
Laas Sigal nny sony DAM J gah sal LEM,
Sa al as ty JOH cy caged as
By alll ae A Lal 8 JD Cae CUYD le pall gall le
a cag ian
AA hal lhe A al gl I lS ll el al
BIB SM Bl jy aay ty al al ges
509 ulna
SLA ok al hea US Np ply ol aa HS go iy
Sao AAS Ak le ng ate le (Say Aa SN
Bile ph ys ag Mth
hin sa le all ag Hall hd Ua any ST ly
Haas SLI aie Ge UI a ha Ae pingey Ae ies
Ai Ayah ph lsd A ti al CLAIM pay
Se 8 can gate
AL 9 Chagall ao Leal Gale aN gd Sa SS
ey te oe has
My Aaa A YELM ee i in GJS any Lal AT
156 6 Hi Jy ate
eh YL ging Sy — sl puny Asal ata Bey Gal
pl oe eel ctype I le ag haps stay Hlin SALA A ipl gay Ha (F)
SS pal aed a= i a OO = pale 8 ah a
ABD AGLI yhy Al UdS Mall oin oe le Ati oi) in
Usa il ing SN Lh AS Ub ER a SS AM es hy
eb BB GAS yl gi as gy UAE Ga DE Ge ALN YT oe
Sp ly ht La LS ge Lp ab ey oh og yt
KS in
So half daly Ma LA al ge gl UF Ree
Se ayn pha ls J Ig ABS go Cyl Sin aly
Ai a
RN pa Yel le lan fo Bel Ul pl ey
Se ae Da) Ree any a A a Gi py Ue ay ell th
See A Oy (lh laa A ea Sine Ha fg al le
3
pt lf ee 8 a(t)
feet i ay tl FS ae aaa pal be yf St sgh
eRe pth aly eae
gs gl OF Haak Ayia aR ga Cs LS ll I An 55s
ad gl engl Le ab foal Lees Ge SL Guay gall Ge
Ail
Dae je Je SM cay al abl gee oe Jl pat pl ley
ABB sy ipl 8 le Jun Da ty «eM a Ug il ill
Se Ah He al 8 ae gl le elAML Yoel. ged ng LH del gaa
BS Aap ll dnd gall al yp ll COG le Anal! fail Gah
Dla oo pase Die Kid lS ssl Gh co ly) pul gil flee
(ost ok uit ed
DE ee Gas Aly SN ne A Lal le Chap ny Sa st
spends
SAA gD Rts bn ayn pel JAB Us pull Uae eal Sp Subs
AMER A) el AB he ae A ye J Opel pe
BieW A SC es bal 8 al YA LAE, yal
pa Gna Ws ty pa a3
BABA SY gil = Be A SLANT Uy ial eg +
Soh ee IG Lag a an ly fl Se al
SAU el CLA NI SSH
oa] ce oe (1)
ry Se) oe AN AL Jal Sal pl A ee
"ay pl» fae) Jat
Taras vea 0 a Je a
ase (1)
SIN She ay Ye ly als le Al a tg
se) yy Ae yl ae (alas da tt Gab 2 Geo) Ul
BE asa ey eal (5 old gun (SAB Ge Lys Lak tl
oats Se IS eh SL dy Jl LN eg al 1
Al chad
a An Gn all pl (1)
hash 0 say Le eg Sey UATAS OHS JA le Una oda le
AUDI pan el eo gly 5 Uy A ge ae ge Bhd
ee pant pl a She AT AS ey Lyk LS
Raf it all
SIS A Ue oy oa 8 AB Spey Sa NB Gl il Al ley
eB iy A aa SS ll oSay Uns AE ph De
WS ee fhe in ty yA ALN a ey Ile LEY Sy ly
Ag MS IS ASG an gg
al Ng La Ah Al ash al ph Jae A 18 gi hy
Bin ge th Ba hl ss AU yh et oe
pf blade ASO i go chal AM LDA,
aly Rls el (1)LE Het GA yl hy Aad a N45 J ya a 15 fall =
CF BAe Aa ny Hey OS a ung ale Bi 4 as
JL A ee oly Se ta
al es glial gang gle VSL gia atl iy co eee Ut OI ~
A) abt igh YB Ld QIU ty le AD ull CO
Rak ll oSy (Cay
eBay Ui oe Cy aS le Lah He fh La gle Ae 236 ol -
aye Be) ne lg Cans Le id ELAN NGL a
(shite J iS dag tka) gas
Sl chia Si op gh ltl Al gay Mil gle ie OS gh ~
esi. echelon
BA 6 IS eng Lea Ainley Sd Q -
Rees Aeley ad) LM GB Gay HS Gylly Hebel,
Bante,
Ay AMS iy samy pte ge en Sat any hy ll all al a hy
ey oll ae ata hl gyi Se SO gh aly SSM pl Gh EASY
oh Eale fal pans ile Sale te 3 I ty ct A oe cha
spel ye Ha le
@
ety
Toghiaaae 2) * Fara ea
{-PN pl aly ea Je: Late
asia (1)
Rah che hy el ae iy pal A Ay al
Nig 3 cD (I) ale nop US ae al
Rahs ch oy pd Le SS (gat J) etal Ju ill de oy
lay Aue ope hy pu ee NS eI oa
Ng Sl pans al lly pil ne tangle
8S ipl ay dati ps ka
Sioa Sal Se Mg LSE Sy Bl Chany Clay ce ll BL
sett
Goal A CMD Gy le gts ADL SSW Gael
19 Sa Bk a hag el aia Qe aly pee pS GAY Y ey
Pe Kod eal oe a ay pal ne ls DIS Se il Alans ne
AB gis BA A oS
Fah pe 9 ih JAAD Ay eli il all Chia pa 6 ye ny
eA at al ae cans Ga La al lm aS
pelle gated
Cate aa SN tl in laa eh el le ney
Ao aneal pa gal A ts cus canny Eh ly as
AS Sih 0 ul (Sah a gl gia abil ald Ly 05 Gane
i Upal oats aaa
Aga A fatal ad pga al alte (1)
it pps |
Aci Sia Al I hn yet Je All A pe gala Te bly
SN aco
ev
(“SSeis, BAMA Nghe DIS ge oh LD pall Unig 5
eM iy ul ae A Any ie pn Chin y Ga Ge Ay
Bian $9 tye Ao JeAY sill ll JSD Gb GOka oan gil pl ny
Jaa pS ABI 8 SIN Ug adel GS a Ny Oe ly Aseay
CASS, Qala Sith pe CIhy ply iy aa pl) Tay
Biya JPM yh La My
age Bi SS g 9 AY As pall Sky calle gga A Cas ey
IE ne ee
A haji eye @
Ne ti Maal lS cl IL 6
ceachs 6
seatlee
Go AND el Ju LL Je Suh co Shp Qe
Ssh ge Whee td pm yp cae AM CLS jad Lay Ly
op CBSEEN ah pal Ue he pte hs UGS pan may Ja
ah dae Ata gach atl
dao ee ly UL hie ld le Sans ae geil a Cas gy
ay
ApNchickinn se
yaaa Gelatin ho
ih chicane Se
(Gada ey Joa pete =
BUY lal gle ua ill pL al Lay Tyee gu Bs py
Fh in pl ab Lt oli fo SS Go te Ge Alpe ie
Bards seeBAAD lg ony Hail ay pe Spal lly gl ayy
ALAS S pot oy Ua Ay Al le an ish ce ALL A
lee
all ei py ALA sal a egal Ue ky
SSA dh la a pa ine al aa
2 By aly Deca A ow oa ae Me eA San Oe
Ball Alla YN Aagll ge-
le JAAR ay pl gaa pl Jpaiy lel ig () Gab sy ta
aa 7 SEE Ea aDLs pl a ea
tas)
ee pill ee ly AL Ahh al ly dae gy fang
hel Bh peng an Ada gy ie pal yall gay me
Yi es De pe by tae ll age yy SS hy Ga
Bae ade Sapa 2 i el
ol 8 821 (1)
A ae} Se alae pale
est aba Ray ele yl pancl I
Bk Sy al lh ae] Ly AA ae dag yec
pad AE (5) I) Ga DIE Ge pl aay Ge ie Sut
8 8 el
sl A 1 ly) a Chae CH phan SS gay lg
(enh e yt Sole I TJS she Jo bt
a lg niall SB nl a Cal chy ye da gd
AD TERIA Sho pall gk
SA AL al yl alli chad lth yh gas Ue Ud
Fale ih ype Ga 35 lo FSI I OL pet sey (Ae gs 3 Hine ow) sald
se AEN oa ll a a Ah US ly
ad Stal ak Sa DI A A i al lp SA
tah Sao an cy AS 5 al] COS) Gat
Kips gil IS cl gay Shad Maas J AML AY a yy
AH Aas hy SS ge cy il Oe poll han Src a os
(Ba ls Sd Ad gl gs 8 AA AG A 9 9 JDpall cba (1)
Dai ny AL aly Ha ll SLA y AL ty pty i Oe cn pl) Sin ing
cu gil as ya
ois att ()
iB yy ge eh Soy ys hl Jade A ng
stage (4)
Pa a as oe Cah Ve
ely lc Le BHM 3 eal Sh 239 Le gen c= Cla Gas
Kells Bal Oe IS tah «ail ina Wey ag lil lle
ale a ST casa pil
ie JS ality Maly The
he ile Oe le I GS Cel Le Hales le ll Upam Ula
AFD eS A gle aie ey Hela dh ppl LENT ny
Aa ce Chal the
co ay gl IUD ADT hs sae Ce sl ge oll Be db CL Cay
Daal 9 ih AN gal onal 8 ctl oa Js oe
4S fda tle pS Anan CAS se aga ly gall NN pl
Aaja
1 pal a
SSM pple haa cbt lc le all I hl ay lane
i a eeaa oa as pail LS Oh
As el dal SS Fh all LIT i Ge eal Ba Ont cl oy
8 al ya ey ety Al Jal Qa Ge Gl A ay
ail inece Oa ge BASH
asl on 1S Vy
abby LN i ll es at le
Sta GL pull Spat ala LY as ety gt Ae of |
Auda Al wl oy
Adal 96 gil in lo bY all Gata al il os
83) 39H syn A359 ely Bla gg
BAe eS AD ofl 3 fe oA $5235 Ge OY Gal pe
il he
+ (Disclaimer ) pial oa) 538 Vy
Le com of Seay yh san 6S) & bp ill ao jl ob ay i pall yn
tool
is gansta Jo go Lal JO A hae cyl of «
Sioa Lamhe ch oll ullall Se Gals Leta il yey ota lal Ks
sigh face on
28 Se gh MY hs al fa A Lact Go
il sD AAS gy Le fil gb 2 i he Lh — a
ea Ga yay la 3 ie pal hae Jo ad
ste on el a AM eg Yoh
28S ee gb yA ae} ay ith Ugo ot Cla lly pal I
abi lag J Syd) J Aah
AtCF Asa AB Jae san 0 558 ec GI pal Je
ee ll al Nn Ge Sa yaya Ua He
A et ay el Ya S.A ae) eal gad god J Al
SSD J At 5 hal aa on
ype aay cag ci tan
Wes ge af il Latch hal cig plane
Fy Sl Sil Do hy ul Ue le
coer LENT (SA LAMY OB ty ALS oe ge Lele al ay lage
I DI a le A an Sealy Ly Se gh ye
sama GB AULD yA clad ol a hl DN ae i nl oe
BS spay a ly Ramee ge Laka Steel J ey Gy I jo
nM i hl al Saal as Ss 68 J cg
2s HIS a crag a cw
Neat el 9 uh dae LS Ge Clash J ly le pant ay
8 oats Ge th gle Uy ge gel an gm ly cy
ee
gg Anal Gag ily Lay iy al a
a eHSs ceishill WAS, SLR a pp A Gay of Gy
Jet SA ga cad J ass
WB Sat 9 pl Ine Sal an aS pn uy
oe Ge Ky B9 l Chey sy AD Sei ci shay alll ang
sa, gua
ls abil,
Font st
A (ISS Ey HA) LL tae Lge Ging le al Lah ae Unhal iy Al sy
Fania Chl fy Yaa A yall sae] Gea yj ad ey pall ge
Dy ML A fe te hoe iy ly gil eal CO a ily
Ue Lad AR COM, yal gle ay Ga cha MT ply
lefe Sao Yes
th
Hi i oy AL VD
a uh eae SBN yy al aadns pl oJ Guat Gl
(bet ease ai)
aa AAS cans ee Ne wil aKa pl Soe Ua Uh pill ey
HM BUSS ha AS py ae aly J aya cla ay,
Ail yi gl Jk M1 AG Spl ely
Hyde le aga 8 yal 15
eyes 3 ae alg BD ga yO oN a gd ca cn
pl lay ay Ah al ale SGN Gl AY Sgt CL
Bb ae lah is yal AY gle
al ete soni TS
one ld a a oe Se oo ny
Aig a a le i ls oA BN a rn
‘poi Quai igtan gl om Cleat £/5
he oe Al a te a chat ce aL Os ee aly I ne
1 gel a a Sy Rl gS CA lA i pl
shh
2A das 015
a Ny pl Jao hy Al uass Jae
Bike ty ph ee At ein LILI LL AS ll og
AMMA ge gre KH BS
em area 7Aaa. ph uly gala:
1) Gale
ee Jee ce 254 a iy pl a all aay alle 48
A pd ey pil Ue eel hy all Se gle Gena "ul cay
oY Ls fM CH ps
hen
Sollee =
dpetigee
Hasew eet ges =
HS oD Sa a Sa ol nest a el Gal
PSSA A a 8 ay Re le lap ALA YE i) a
cet pat dae
BAS pel Lest cl al al
sas tia ()
sha Se Ball a coll Gi EAD ly
ekg ys ct =
gc Ati aa sl Cu At Aa a Sl
lo ak ay Le J A AL LAL gh chy ALAN oe
JS Bias ay BA heal)
Sg 5a yh A hy S| all 4 CHS
Ee Ay 9 Us Je gh I AB gh cel, ABI gw
sag Lal hal INGA pas oa yl yl a om LA a)
2 pak oy ly ital ly M! yay (Residual income
Fa ae aedptt a(t
af AS gh Ue Aa Syl lg 9 ae
A JE oe MGS BI Ad LS gh JU a
Se HL ak al ap ak py gg San
A lh hl USS gD Sy lal Da
tal gS si ya doe
CABS 5 AY A pl In i Ry ply a gg Ly Ay
F558 Jalen la yl ay Uae
Asia Joe lsh gah Jone yy BL Ayla G8 tua
Daa AB gy cot Hn apne Ags Mey psn ls Ey SA
ee Sail shana iy OA ce Slaly pall yall Je al yall sn lay
ssh gai kin)
PA ae JA AA ia ie a al ng (1
HD STEER ll La
yA tovaly ist ad cla
eel hale id Sly gg iba yi AB Aone GA at
naa
ADH al 8 lle bad GAA a ORM al i Cl ad al (1
Hele 5S 9 Hi cid a St ell ae tha 96) Y Unie
heb Wl esal
Jase Sy aes ge Aa lA RS yp Le +
AM gle A a AG J Atk GS See en py a hy LeBN com Ss Sse A CLEA ah pg LOL GLA in
PS hil jn Ale Ap gad LE On 6 glad
sehen Gh ial ayn pe a gi Lt Hat ll lid
opal se Jl oA ede (Residual income) 4a CAM! peak Gs a
ASN co
EF Pal Sag Ly Ble lg A ay Ue) Ss Y a aad
Riedl gst
SB cm oe J ital he yn Aa cll I a6 of sud LN
i Aye an Jans He ay SS gp Sy Spa Al hh
Aidate ye
Bad Sy AA Ge le Uy MCLE ph
2b tl Go op Le Terminal value Aa dal se ey eo
Vole ac i gall ule el
Rha AD A a he 25 a HDC No Bh lt
ake ly Desh Metal J ipl Hany ey J Une ope HS ly
iA ANSI, SLAM GA Salle cal 3 Sasa
cotta asa LS LEA gh jal Se gn Sl tll gl ne ae
Sloe a AAS ay Lyte 8G AY GALI SLY ce Ae
ia) ABA ol id gl ANY gb ale Aaah
BD Re yd tn pl pS aga pha A (aL
AED, Hi ae JSON Gh SA any all pend alee po
hg gh SU ane Jaa 58 IM Sl Jl a pulls
Ati LAE Bp Gh iy ies ha SRY Gull shUe Sel le eal anal Sa Go OS ol my My le hb ae
MD ABS ae elas (i) Eanes “Ula a) cal id
HE hyde Galt lj Ca aah ge Me CAS He yap
Se BI, a yy sal hey dhe pn Sy pil Uae
eal
eae (kh ah pti ell Gl Eh ge peak ian (MG GO
a an pa 9 SA LM ADL ll Al CY 5
it pa ie a fo le ll
BAS eo a IS an A pl HG A al a b+
Rah ol pe PD Lk gl ah dal pl ies oy
Baal ge A Oy, DA Sie
Deeg amb al oe ll Ge hail Gal DE OI Gm =
Ba hl Can gg Lad a yl ue a el
Aa Lak Sy ol) ase ely «dt sh
Mog Ue eal
Son By iy ah gD gg lial all Je 3 ind
Sahil sce Spal Se Sy las ane
aa fe 8 stn kA i LT Ga) 5 pal aR GS
{a 6S Shay Bee gh Sa ay a Uh 3 Os)
ee A A sot Dat pl Be Oe Al pill le ly oad ony =
Set AAS ah Sa aa pc a Yh th lps
a AL ha th pen Kean SL i pl ae ASL a
Te Hebe pa pty LSD ADE oat gle il enn
GaN
c en10 Wy AAT GAS GS et ISN Gul cinta Ubsy law of one price
Bak Ge Data doy At tial do ynal Gelinas iy Cam sega
sil nach 4S Ga 5 JE A al gh Goin
sel py eatin oil oat
Agta hth Ye ppl gl cebne (1
ius spl eh et china
uscd
Lil mys 29 a oe aall ay og Jp Ge 9S egy
Been tany 5 Utada pal 5 lal cll oe Bh st
(Gs ce LE GY LS $5 CHL Ge gh yey tal
Jail a let na yd Sa
ane
Som A GA aly geld All QU yur Ge 3S py olan oy
ey IS Ulla Aa gh pall Gey lel chicka Se lI Gay
Aas yiis 2 cl
ae
ta Sa Ae Ge il Jae tal als pall prc gms one ay
BS GI Sam (CLIN lanl ak ny pel ant) ota A Ay
eel pel pe RS yee ll pty HA Aah tal gl Al Golan
Snail gies
Asad pa Un ca (¥
Lea ee iy gl At AL 9 ALNT AA sph 8
oh Jaa LI al Spa ly galHe Dg AMY tka a LM nin eg De
Ad pst SAS co Gili Sa +
olny Hae 3S) SoS A AD es
oA A Ral clptal s Ae Chin eal gh
cuits
0 cin chiotine
tne 58 dS A Se SS Lan Hl 8 oy
OW ALM ahs aS ge Ly FA CR a Cyn pnd
ih lia Lt Sad a ha GAY
ApS CA ia 8 lang fae jth ut Y DELI cad 6
gsi a dela
a chal ga GH A pe cl gl ky
AS Hel gh Sah ALS CA 9 Re pel gh pal
DMN inn pal gan ae LD gal CN,
HS Wa A Lt at tale gy
nll pe sates A A a HY al ALY ll Lt pat Bie
stl ty gh
hl pal gle al yl Sad gh GLNY al CH a be
Sut pa uo so)Aaa he hs Mb Algal fac Agha Ae pool yo Ae DU Chill iS Ganiy
i a 4 ay dt) an geal gle ad ak li
1a Jaa ge OM play nh lan ae abl
ef dee AE oy EM, Qe abe AS sale gl sh
oS labial ge gst ib ea eal oy Heb lly
LI le Coe pylh Ga ARM, Sgt CLL he page ogy GRY
QAM Sat 8 cg A Sl hang
a 0
abd Ss el St Sb co ell Ue aki gl Uae tl ak
Bad ll ae Ge A La ll Up hey agin le IS CLA
(hal IN THS pa a Jp YaST
BA chase I Sl Lele Lt ls Re ele ed kay
col 3 9 dy sa a 2 Sa Al
oe
els a Mal Ea le ABA a 3S Ah ital Li ping LS
Be Sonal gb Weal al Sil catia Jol cla dh Waly
co LGD jan Ua A Lill oo gin pal Sy Jai Salas
nk 9 Aa fk A ga Le ple ISU 9 Oe Sl aS
lea hy ets He Al At ah gh Ga Gla
gil gy at sey!
Lastly Up oll Gaal eye Chall 6 Bil A ola LS
jen el ay Sealy pth eatql Jaa da Gb CLS Icliarulons
(SLE HS aD i) Saha ae pul Dae A Haag
(Be ae LE CLA pal le Capa yi cial pl la
Ase (Cha FM Ua (at esl
3S Ag 9 gy eal pal lo ing Lt Ka yt pe pe
sped ay (Ga lil Sel MS fay AG) J at
A gil jo Sy adi Daas J DUI
ka
(eee IS eal eg aay AA Mla at DAE Ge te a I
Bn 6S Ae it hy SS AR a ae pl an ob
a gay i hel uns A ul go KG A hs
Sa ae ns on Ge Jit pat 4 (synergetic value) Sly el he
(Conglomerate discount) 818s ps yxy Uy Uae ow
PRAY Doo ea es Gl CL pg ae gel in tty Ley
ay gaa oly A als US (hy laa) ae ibs gf IST gs
eA ce tae
7 SE ae