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๏ˆ  ๏ˆจ๏‹‚๏ˆฒ๏ˆฐ๏ˆฐ๏ˆณ๏ˆฏ๏‰Ÿ๏‹‡๏ˆฑ๏ˆด๏ˆฒ๏ˆณ๏ˆฉ๏ˆ ๏ˆต๏ˆณ๏ˆญ๏ˆฒ๏ˆท๏ˆ ๏‰ธ๏ˆ ๏‰ธ๏ˆ ๏ˆฌ๏ˆ ูกูฅ ู…๏ˆ ๏ˆฌ๏‹๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏ˆบ๏ˆ ๏‰ฌ๏‹๏‰ฌ๏Šจ๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏Šน๏Šผ๏Š๏‰๏ˆ ๏‹’๏Šจ๏Šฟ๏‰‚๏‰•๏ˆ ๏‹’๏Šผ๏Љ

๏ˆ  ๏ˆฒ๏ˆท

๏ˆ 

๏ˆ 

๏ˆ 

๏ˆ 

๏ˆ 

๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ

๏ฐ๏บŽ๏ป‹๏บŽ๏บด๏ปŸุง ๏บช๏ปด๏ปค๏ณŠุง ๏บช๏บ’๏ป‹ ๏ปข๏ปด๏บฃ๏บฎ๏ปŸุง ๏บช๏บ’๏ป‹

๏ˆ  ๏Šบ๏‰ฉ๏‰‚๏‰ฒ๏Šฟ๏ˆ ๏‰ง๏‰‚๏‰Ž๏‰ญ๏‰ƒ

๏ˆ  ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏‰๏‹‹๏ˆ ๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏‹’๏‹Ž๏Šผ๏Šท๏ˆ โ€“๏ˆ ๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏‹๏‰ฎ๏Šณ

๏ˆ  ๏‹‘๏‰ฆ๏‰•๏ˆ โ€“๏ˆ ๏‰ฌ๏‹๏‰ฌ๏Šจ๏Šป๏‰๏ˆ ๏‰ฆ๏‰Š๏Šง๏ˆ ๏Šน๏Šผ๏Š๏‰๏ˆ ๏‹’๏Šจ๏Šฟ๏‰‚๏‰•

๏ˆ ๏Šฒ๏‰๏‰ฆ๏‰Ÿ๏‹‡๏‰ƒ๏ˆ ๏Šฎ๏‹Œ๏‰Ÿ๏Šผ๏‰Š๏Šป๏ˆ ๏‹’๏‰Ÿ๏‹€๏‹€๏‰ถ๏Šฟ๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‹๏‰Ÿ๏‹‡๏ˆ ๏ˆจ๏‰ด๏ˆ ๏‰ ๏ˆ ๏‹‚๏ˆฉ๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‰‹๏‰Ÿ๏‰ฎ๏‰™๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Šฟ๏ˆ ๏ˆ  :๏ˆ ๏บบ๏ป ๏บจ๏บ˜ู€๏บด๏ณŒุง

๏ˆ ๏‰๏‰จ๏‰Ÿ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏Šง๏‹Œ๏‰น๏‹Œ๏Šฟ๏‹‹๏ˆ ๏‰‚๏‹‡๏‰ช๏‹‡๏‹Œ๏‰•๏ˆ ๏‰“๏‹Ž๏‰™๏ˆ ๏‹…๏Šฟ๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‹๏‹Ž๏Šป๏‰‚๏Šจ๏‰Ž๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹๏‰ฆ๏‹Ž๏Šผ๏Šด๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ ๏‰๏‹œ๏‰ฅ๏‰‚๏‰Ÿ๏‰Š๏Šฟ๏ˆ ๏‰ฆ๏‰Ÿ๏Šง๏‰๏‹Œ๏Šณ๏ˆ ๏Šต๏‰Ÿ๏Šฏ๏‹‹๏ˆ ๏‰๏‹๏‰Ÿ๏‹€๏Šจ๏Šป๏‰๏ˆ  ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏‹€๏‰บ๏‰Ž๏‹๏ˆ ๏‰‚๏‹€๏Šท๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏‹Ž๏Šฏ๏ˆ ๏‰‚๏‰‰๏‰ช๏Šป๏‰๏ˆ ๏‹๏‹๏‰ช๏Š„๏ˆ ๏‹…๏‹€๏‰บ๏‰Ž๏‹

๏ˆ ๏‹œ๏ˆ ๏‹’๏Šผ๏‹Ž๏‰Ÿ๏‰ญ๏‹Œ๏Šป๏ˆ ๏‰๏‹ง๏‰ช๏‰Ÿ๏Šธ๏‰Ž๏‰Š๏Šฟ๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šฟ๏‹๏‰Ÿ๏‰ญ๏‹ข๏‰๏ˆ ๏‹๏‰Ÿ๏‹Ž๏Šด๏Šผ๏Šป๏ˆ ๏‰๏‹ง๏‰ซ๏‰ฌ๏‰Ÿ๏Šจ๏Šฟ๏ˆ  ๏‹๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏‹‹๏ˆ ๏ˆฌ๏‹‚๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹’๏Šผ๏‹€๏Šจ๏Šป๏‰

๏ˆ  ๏ˆฎ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‹Œ๏‰ญ๏ˆ ๏ŠŸ๏ˆ ๏‰‚๏‹ˆ๏‹Ž๏Šฏ๏ˆ ๏‰ฉ๏‰‚๏‹€๏Šณ

๏ˆ ๏‰๏‹ง๏‰ฆ๏‰Ÿ๏‰•๏ˆ ๏‹’๏‰Ÿ๏Šป๏‰‚๏Šจ๏Šฏ๏ˆ ๏‹’๏Šผ๏‹Ž๏‰Ÿ๏‰ญ๏‹‹๏ˆ ๏‹๏‰Ÿ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏ŠŸ๏ˆ ๏‹’๏Šฟ๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰Œ๏‰ช๏‰น๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‰น๏‰ช๏Šจ๏‰๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏‰Ÿ๏Šธ๏‹๏ˆ ๏‹๏Šธ๏Šป๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰๏‰‚๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏‹‹๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰†๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‰‚๏‹ˆ๏Šฟ๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏‹‹๏ˆ ๏ˆฌ๏‰ฉ๏‰‚๏‹ฑ๏‰ก๏‹ž๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป

๏ˆ ๏ˆฌ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏‰Ÿ๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Šฟ๏ˆ ๏‰ช๏‰Ÿ๏‹๏‹Œ๏‹ฑ๏‰Ž๏‰‰๏ˆ ๏‹๏‰Ž๏‹ˆ๏‰Ÿ๏‹ƒ๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏Šณ๏‰ฉ๏‹Œ๏Šป๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏ŠŸ๏ˆ ๏ˆฎ๏ˆ ๏Šพ๏‹Œ๏‰Š๏Šด๏Šฟ๏ˆ ๏‹”๏‹Œ๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ŠŸ๏ˆ ๏‰ช๏‹ฑ๏‰ข๏Šผ๏Šป

๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰Ÿ๏‹Ž๏‰‰๏‰ฅ๏‰ƒ๏ˆ ๏Šฝ๏‰Ÿ๏‰Ÿ๏‹Ž๏Šผ๏‰š๏‰Ž๏‰‰๏‹‹๏ˆ ๏ˆฌ๏Šข๏‹Œ๏‰Ÿ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏‰Ÿ๏‹€๏Šธ๏‰™๏ˆ ๏‹†๏‰‚๏‰Ÿ๏‹Ž๏‰‰๏‹‹๏ˆ ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏Šฑ๏‹–๏‰‚๏‰Ÿ๏Šฃ๏‹Œ๏Šป๏‰๏ˆ ๏‹’๏‰Ÿ๏‰ฒ๏Šณ๏‰‚๏‹„๏Š–๏‹‹

๏ˆ  ๏ˆฎ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‰ ๏‰๏ˆ–๏Šณ๏‰๏ˆ ๏‹๏‰‘๏ˆ ๏‹…๏Šฟ๏‹‹๏ˆ ๏ˆฌ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฑ๏Šณ๏‹Œ๏Šฟ๏‹‹๏ˆ ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏บ”๏ปฃ๏บช๏ป˜๏ปฃ

๏ˆ ๏‹’๏Šจ๏Šผ๏‰Ÿ๏‰Ÿ๏‰ญ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏Šฝ๏‰ต๏‰ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹‘๏‰ฅ๏‹‹๏‰ฆ๏‰Ÿ๏ŠŠ๏ˆ ๏‹’๏‹Ž๏‹€๏Šท๏ˆ ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏‰‰๏ˆ ๏‹‚๏‰๏‰ฌ๏‰Ž๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹๏‹Œ๏‰Ÿ๏‹ฑ๏‹„๏‹๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šง๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹๏‰ƒ

Forward๏ˆ ๏ˆ ๏Šพ๏‰‚๏‰Ÿ๏‰•๏‹ ๏‰๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏Šต๏‰Ÿ๏‰Š๏‹ฑ๏‹„๏‹๏ˆ ๏‰ฆ๏‰Ÿ๏Šณ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‰ฆ๏‰Ÿ๏‰Ÿ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰Ÿ๏Šณ๏‹‹๏ˆ ๏ŠŸ๏ˆ ๏‰ฅ๏‰ฆ๏‰Ÿ๏‰Ÿ๏ŠŠ๏ˆ ๏‹…๏‹€๏‰’๏‰‰๏‹‹๏ˆ ๏‰ฅ๏‰ฆ๏‰Ÿ๏ŠŠ๏ˆ ๏‰ฃ๏‹๏‰ฉ๏‰‚๏‰๏ˆ ๏ŠŸ

๏ˆ  ๏Šถ๏‹Œ๏‰ญ๏ˆ ๏ŠŸ๏ˆ ๏‰‚๏ˆš๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‹๏‰Ž๏‹๏‹‹๏ˆ ๏‹’๏‹€๏Šค๏‹„๏Šฟ๏‹‹๏ˆ ๏‹’๏‹Ž๏‹ฑ๏Š˜๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šง๏ˆ ๏‰‚๏‹ˆ๏‹ƒ๏‰„๏‰‰๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šง๏ˆ ๏Šฑ๏Šผ๏‰Ž๏Š…๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šง๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏ˆฎ๏ˆ Contracts

๏ˆ ๏Šฉ๏‰Ÿ๏‰Ÿ๏‹Ž๏Šš๏ˆ ๏‰‹๏‰Ÿ๏‰ฎ๏‰Ž๏Šธ๏‰๏ˆ ๏‰๏‰จ๏‹ˆ๏‰Ÿ๏‰‰๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏‰‚๏‹ˆ๏Šผ๏‹Ž๏‹Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏ˆฝ๏ˆฉ๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‰บ๏‹Ž๏‰บ๏‹„๏‰๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏‹‹๏ˆ ๏ˆฌ๏‰ธ๏‰‚๏‰Ÿ๏‰ก๏ˆ ๏‹๏‰Ÿ๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Šฟ๏ˆ ๏Šฉ๏‰น๏‹‹๏ˆ ๏Šฝ๏Šฃ๏ˆ ๏ŠŸ๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹€๏Šค๏‹„๏Šฟ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šผ๏‹–๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏Šพ๏‹Œ๏‰ต๏‹ž๏‰๏ˆ ๏‰ท๏‹–๏‰‚๏‰ถ๏‰ก

(2)

๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆฒ๏ˆธ

๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šฒ๏‰๏‰ฆ๏‰Ÿ๏‹‡๏‰ƒ๏ˆ ๏Šต๏‰Ÿ๏‰Ÿ๏‹Ž๏Šด๏‰š๏‰Ž๏Šป๏ˆ ๏‹’๏‹€๏‹€๏‰ถ๏Šฟ๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‰™๏ˆ–๏Šด๏‹ƒ๏ˆ ๏ˆž๏Šป๏‰๏‹‹๏ˆ ๏ˆฌ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Š๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‹†๏‰‡

๏ˆ ๏‹๏‰Ÿ๏‹๏‰ช๏Š„๏ˆ ๏ˆŸ๏‰Ÿ๏Šจ๏‹๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏Šช๏‹Œ๏‰Ÿ๏‰น๏‹Œ๏Š๏‰๏‹‹๏ˆ  ๏‰ช๏‹‡๏‹Œ๏І๏‰๏ˆ ๏‰“๏‹Ž๏‰™๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‰๏‹๏Šฟ๏‰‚๏Šจ๏Š๏‰๏ˆ ๏‰ฆ๏Šง๏‰๏‹Œ๏Šณ๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏Šต๏Šฏ๏‰๏‹Œ๏‰Ž๏Šป๏‰๏‹‹๏ˆ ๏‹’๏‹๏‰ฆ๏‹Ž๏Šผ๏Šด๏‰Ž๏Šป๏‰

๏ˆ ๏Šพ๏‰ฅ๏‰‚๏‰Ÿ๏‰Š๏‰๏ˆ ๏‹™๏‰ฅ๏‰‚๏‰Ÿ๏‰Š๏Šฟ๏ˆ ๏‹๏‰Ÿ๏Šง๏‰๏‰ช๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏Š๏ˆ ๏‰๏‹๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆŸ๏Šจ๏‹๏ˆ ๏‰‚๏‹€๏Šท๏ˆ ๏ˆฌ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฐ๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹’๏‹€๏‹–๏‰‚๏Šด๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ ๏‹๏‰Ÿ๏‹Ž๏‹€๏‰ถ๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏Šฝ๏‰Ÿ๏‹€๏Šจ๏‹๏ˆ ๏‹†๏‰ƒ๏‹‹๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰Ÿ๏‰ญ๏‹ข๏‰๏ˆ ๏‹๏‰Ÿ๏‹Ž๏Šด๏Šป๏‰๏ˆ ๏‰ซ๏‰ฌ๏‰Ÿ๏Šจ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏‹๏‰Ÿ๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏‹‹๏ˆ ๏‹‚๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ฅ๏‹Œ๏Šด๏‹„๏Šป๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‹Œ๏‰ญ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฉ๏‰‚๏‹€๏Šด๏Šป๏‰๏ˆ ๏‰ฅ๏‰‚๏Šจ๏‰Š๏‰Ž๏‰ญ๏‹œ๏ˆ ๏‹’๏Šผ๏‹Ž๏‰ญ๏‹‹

ุช๏บŽ๏ปด๏ป ๏บ’๏ป˜๏บ˜๏บด๏ณŒุง ู‚๏ปฎ๏บด๏ปŸ ๏บ”๏ปณุฏ๏บŽ๏บผ๏บ˜๏ป—๏ปปุง ๏ป’๏บ‹๏บŽ๏ป‡๏ปฎ๏ปŸุง

๏ˆ ๏‹ซ๏‰๏‰๏‹Œ๏‰Ÿ๏Šฟ๏ˆ ๏ˆ—๏‰Ÿ๏‰Ÿ๏Šซ๏ˆ ๏ˆ—๏Šฌ๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šพ๏‹Œ๏‰ต๏‹ž๏‰๏ˆ ๏‹’๏‹๏‰‚๏Š›๏ˆ ๏Š•๏‰‡๏ˆ ๏Šฒ๏‰ฆ๏‹ˆ๏‹๏ˆ ๏ˆฌ๏Š”๏Šฟ๏‰„๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰Œ๏‰ช๏‰น๏ˆ ๏‹Œ๏‹‡๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏ˆบ ุท๏ปฎ๏บค๏บ˜๏ปŸุง๏ˆ ๏ˆจ๏‰ƒ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šฐ๏Šผ๏Šท๏ˆ ๏Šฝ๏Šณ๏‰„๏‰‰๏ˆ ๏Šน๏Šป๏‰ง๏‹‹๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‰Ž๏‹€๏‹Ž๏Šณ๏ˆ ๏ŠŸ๏ˆ ๏‰Œ๏‹Œ๏Šซ๏‰ช๏Šฟ๏ˆ ๏ˆ—๏Šซ๏‹‹๏ˆ ๏Šฉ๏Šณ๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏ˆ—๏Šซ

๏ˆ ๏‰๏‰‚๏‰Ÿ๏Šด๏Šฐ๏‰ถ๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šง๏ˆ ๏‹ต๏‹๏‰Ÿ๏‹๏‰ฆ๏‰‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‰๏‹Œ๏Šฟ๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹†๏‹Œ๏‰ฟ๏‹Œ๏‰š๏‰Ž๏Š๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‹๏‹‹

๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏‹„๏Šฟ๏‰ฌ๏Šป๏‰๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‹๏‰Ÿ๏Šฐ๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰Ÿ๏‰Ž๏Šป๏ˆ ๏Šพ๏‹‹๏‹ž๏‰๏ˆ ๏‹๏Šง๏‰‚๏‹€๏‰Ž๏‰•๏‹œ๏‰๏ˆ ๏Šฎ๏‹ฉ๏‹Œ๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šจ๏‹๏ˆ ๏‰๏‰จ๏‹ˆ๏‰‰๏‹‹๏ˆ ๏ˆฎ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰

๏ˆ  ๏ˆบ๏ˆ ๏Šฝ๏‰’๏Šฟ๏ˆ ๏‹’๏‹๏‰ช๏‹‡๏‹Œ๏‰•๏ˆ ๏‰๏‰๏ˆ—๏Šฌ๏‰๏‹‹๏ˆ ๏‹’๏‹๏‹Œ๏‹Ž๏‹„๏‰‰๏ˆ ๏‰๏‹œ๏‹Œ๏Š„๏ˆ ๏‹๏Š๏‰‚๏Šจ๏Šป๏‰๏ˆ ๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏‰ฆ๏‹ˆ๏‰ฑ๏ˆ ๏ˆฌ๏‹‘๏ˆ—๏‰ก๏‹ž๏‰

๏ˆ ๏Šพ๏‰ฆ๏‰Ÿ๏Šจ๏Šฟ๏ˆ ๏Šฒ๏‰๏‰ฆ๏‹ˆ๏‰Ž๏‰Ÿ๏‰ญ๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰ญ๏‰‚๏‹Ž๏‰ฎ๏Šป๏‰๏ˆ ๏ˆ—๏‰Ÿ๏Šฌ๏‰๏‹‹๏ˆ ๏‰๏‹๏‰Ÿ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏Šพ๏‰ฅ๏‰‚๏‰Ÿ๏‰Š๏‰๏ˆ  ๏‹‚๏‰‚๏Šค๏‹„๏Šป๏ˆ ๏‹๏‹–๏‰‚๏Šจ๏Šป๏‰๏ˆ ๏Šพ๏‰ฆ๏Šจ๏Š๏‰๏ˆ ๏ˆŸ๏‰Š๏‰ -

๏ˆ  ๏ˆป๏‰ฅ๏‹Œ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰พ๏‰ช๏Šง๏ˆ ๏‹’๏‹Ž๏‹€๏Šท๏ˆ ๏Š•๏‰‡๏ˆ ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฐ๏Šป๏‰

๏ˆ  ๏ˆฎ๏‹’๏Šฐ๏Šผ๏‰Ž๏‰ข๏Š๏‰๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฆ๏‹๏‰ฌ๏Š๏ˆ ๏‰๏‰†๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‰พ๏‹ฉ๏‰ช๏Šจ๏‹๏ˆ ๏‰‚๏Šž๏ˆ ๏ˆฌ๏‹‘๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏‹’๏Š๏‹Œ๏Šง๏‹‹๏ˆ ๏‹’๏‹Ž๏Š๏‰‚๏Šจ๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‹๏‰ซ -

๏ˆ ๏ˆ ๏‹‘๏‰ฆ๏‹–๏‰‚๏‰Ÿ๏Šฐ๏Šป๏‰๏ˆ ๏‰๏‹œ๏‰ฆ๏‰Ÿ๏Šจ๏Šฟ๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰Š๏Šผ๏Šด๏‰๏ˆ  ๏ŠŸ๏ˆ ๏‹’๏Šผ๏‹–๏‰‚๏‹‡๏ˆ ๏‰๏‰๏‰ฅ๏‰‚๏‹๏‰ซ๏ˆ ๏‰”๏‰๏‰ฆ๏‰™๏‰‡๏ˆ ๏‰‚๏‹ˆ๏‹ƒ๏‰„๏‰ฑ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹†๏‰‚๏Šท๏ˆ ๏‹’๏‹๏‰ช๏‹‡๏‹Œ๏І๏‰๏ˆ ๏‰๏‰๏ˆ—๏Šฌ๏‰Ž๏Šป๏‰๏ˆ ๏‹Š๏‰จ๏‹‡

๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏ˆ ๏‹’๏‰Ÿ๏Šง๏‰‚๏‹„๏‰ต๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏‰•๏‹‹๏ˆ ๏‹‘๏‰ฉ๏‹‹๏‰ช๏‰Ÿ๏‰น๏ˆ ๏Š•๏‰‡๏ˆ ๏‰‚๏‰Ÿ๏Šง๏‰ฅ๏ˆ ๏‹๏‰จ๏‰Ÿ๏Šป๏‰๏ˆ ๏‰ช๏‰Ÿ๏Šฟ๏‹ž๏‰๏ˆ ๏ˆฌ๏Šฉ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏‹‹๏ˆ ๏‹๏‹ˆ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ  ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏‹‹๏ˆ ๏Šฒ๏‰ช๏‰ถ๏Šป๏‰๏ˆ ๏‰๏‹œ๏‰ฆ๏Šจ๏Šฟ๏‹‹

๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰†๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‹•๏‰‚๏Šด๏‰‰๏ˆ ๏Š”๏Šฟ๏‰„๏‰Ž๏Šป๏ˆ ๏‹’๏‹Ž๏‰ญ๏‰‚๏‰ญ๏‰ƒ๏ˆ ๏‹‘๏‰๏‰ฅ๏‰ƒ๏ˆ ๏ˆœ๏‰‚๏Š๏‰๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏‰๏‰š๏‰Š๏‰ต๏‰ƒ๏ˆ ๏ˆฌ๏‹‚๏ˆฑ๏ˆน๏ˆท๏ˆณ๏ˆ ๏‹‚๏‰‚๏Šง๏ˆ ๏‰จ๏‹„๏Šฟ๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰

๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏ˆฅ๏ˆธ๏ˆฒ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆน๏ˆณ๏ˆฉ๏ˆ ๏Š”๏‰Ÿ๏‰‘๏‹๏‰’๏Šป๏‰๏ˆ ๏‹’๏‰Ÿ๏Šง๏‹Œ๏‹€๏Љ๏ˆ ๏‹‰๏‰Ÿ๏‰‰๏ˆ  ๏‰๏Šฟ๏‰‚๏Šณ๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏‰œ๏‰ฎ๏Š๏‰๏ˆ ๏‰ช๏‹ˆ๏Šฃ๏‰ƒ๏ˆ ๏‰ฆ๏Šณ๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šฏ๏‰ช๏‰ถ๏Š๏‰๏‹‹๏ˆ ๏‹’๏‹Ž๏Šง๏‰‚๏‹„๏‰ถ๏Šป๏‰๏‹‹

๏ˆ  ๏ˆ ๏ˆฅ๏ˆธ๏ˆด๏‹‹๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‹ˆ๏‰•๏‰๏‹Œ๏‰๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Š๏‰๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏ˆ ๏‰ธ๏‰‚๏Šˆ๏‰๏ˆ ๏Šช๏‰‚๏‹ฑ๏Šด๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‰๏‰†๏‰ฒ๏‹„๏Š๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰ฆ๏‹๏‰ฆ๏І๏‰๏ˆ ๏Šฝ๏‹๏‹Œ๏‹€๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏‹—๏‰ฑ๏‰‚๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Š๏‰๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰๏‰‚๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏‹…๏Šฟ

๏ˆ ๏‰๏‰‚๏Šจ๏Šณ๏‹Œ๏‰๏ˆ ๏‹…๏‹๏‹Œ๏Šธ๏‰Ž๏Šป๏ˆ ๏ˆฌ๏Šถ๏‹Œ๏‰ฎ๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏Š”๏Šผ๏Šฟ๏‰‚๏Šจ๏Šผ๏Šป๏ˆ ๏‹’๏‹Ž๏Šป๏‰…๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‰ƒ๏ˆ ๏‹‚๏‰ฆ๏Šด๏‰๏ˆ ๏ˆบ๏ˆ ๏บฎ๏ปŒ๏บด๏ปŸุง ูุง๏บฎ๏บธ๏บ˜๏บณุง๏ˆ ๏ˆจ๏‰Œ

๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‹œ๏ˆ ๏‰‚๏‹ˆ๏‹ƒ๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‰ฉ๏‰๏‰ช๏‹€๏‰Ž๏‰ญ๏‰‚๏‰‰๏ˆ ๏ˆ—๏Šฌ๏‰Ž๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏ˆ ๏‹†๏‰‡๏ˆ ๏‰“๏‹Ž๏‰™๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏‹’๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏‰Ÿ๏Šจ๏‰ญ๏‹ž๏‰๏ˆ ๏Šพ๏‹Œ๏‰™

๏ˆ ๏‰ช๏‰Ÿ๏‰Ÿ๏‹๏‰ฆ๏Šด๏‰๏ˆ ๏‰ฅ๏‰ช๏Љ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏ˆ ๏‹…๏Šธ๏Šป๏ˆ ๏ˆฌ๏Šฅ๏‰™๏‹๏Š๏‰๏ˆ ๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šผ๏Šป๏ˆ ๏‹’๏Šป๏‰ฅ๏‰‚๏Šจ๏Šฟ๏ˆ ๏‰‚๏‹ง๏‹€๏‹–๏‰๏‰ฅ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ

๏ˆ ๏ˆฌ๏‹๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‹๏‰ฉ๏‹Œ๏‰Ÿ๏Šฐ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰Ÿ๏‰ฎ๏Šผ๏Šป๏ˆ ๏‰ฌ๏‹Ž๏‰Ÿ๏‰š๏‰Ž๏Šฟ๏ˆ ๏ˆ—๏‰Ÿ๏Šซ๏ˆ ๏‰๏‹ง๏‰ช๏‰Ÿ๏‰Ÿ๏‹๏‰ฆ๏Šด๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ช๏Šจ๏‰ญ๏ˆ ๏‹†๏‰‚๏Šท๏ˆ ๏‰๏‰ง๏‰ˆ๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏Šฉ๏Šณ๏‹Œ๏‰Ž๏Š๏‰๏ˆ ๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šผ๏Šป

(3)

๏ˆ  ๏ˆฒ๏ˆน๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏‹๏‰๏‰‚๏Šง๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‹Ž๏‹€๏Ї๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏‹๏‹Ž๏‰™๏‰ช๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ 

๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰ญ๏‰๏‰ฉ๏‰ฆ๏Šป๏‰๏ˆ ๏‰๏‰Ÿ๏‰Ÿ๏Šป๏‰ฅ๏ˆ ๏‰ฆ๏Šณ๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏Šฝ๏‹๏‹Œ๏‹ฑ๏Šป๏‰๏ˆ ๏Šฝ๏‰•๏‹ž๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰๏‹ง๏‰ช๏Šฐ๏‰ต๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏ˆ ๏ˆ—๏Šฌ๏‰๏ˆ ๏Šพ๏‰ฆ๏Šจ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šฉ๏Šณ๏‹Œ๏‰Ž๏‹ƒ๏ˆ ๏‰‚๏‹„๏‹ƒ๏‰ˆ๏Šฏ

๏ˆ ๏ˆฌDusak (1973)๏ˆ ๏ˆฌ๏ˆ Deaves and Krinksky (1995)๏ˆ ๏ˆฌ๏ˆ Boxter et al (1988) ๏‰๏‰‚๏‰ญ๏‰๏‰ฉ๏‰ฅ๏ˆ ๏Šฝ๏‰’๏Šฟ๏ˆ ๏‹’๏‹Ž๏Šด๏‹Ž๏‰Š๏‹ฑ๏‰Ž๏Šป๏‰

๏ˆ ๏ˆฌRockwell (1967) ๏ˆ ๏ˆฌRaynauld and Tessier (1984) ๏ˆ ๏ˆฌ Kolb (1992) ๏ˆ ๏ˆฌ๏ˆ Erhard et al (1987)

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆŸ๏‰Ÿ๏Šจ๏‹๏ˆ ๏‰‚๏‰Ÿ๏Šž๏ˆ  ๏ˆฌ๏‰‚๏‹ง๏‰Ÿ๏‹๏‹Œ๏Šณ๏ˆ ๏‰ฏ๏‹Ž๏Šป๏ˆ ๏Šฉ๏Šณ๏‹Œ๏‰Ž๏Š๏‰๏ˆ ๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šป๏‰๏‹‹๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ช๏Šจ๏‰ญ๏ˆ ๏Š”๏‰‰๏ˆ ๏‹‘๏‰๏‹‹๏‰‚๏‰ฎ๏Š๏‰๏ˆ ๏‹’๏‹Ž๏‰น๏‰ช๏Šฏ๏ˆ ๏‰ผ๏Šฏ๏‰ฉ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹“๏Šผ๏Šง

๏ˆ  ๏ˆฎ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šผ๏Šป๏ˆ ๏‰ฉ๏‹Œ๏‰ฎ๏‹Ž๏Šฟ๏‹‹๏ˆ ๏‰ ๏‰‚๏‰Ž๏Šฟ๏ˆ ๏‰ช๏‹๏‰ฆ๏Šด๏‰๏ˆ ๏Šฝ๏‰บ๏Šฏ๏‰ƒ๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ช๏Šจ๏‰ญ

๏ˆ ๏‰๏‹ง๏‰ฉ๏‰๏‰ช๏‰Ÿ๏Šณ๏ˆ ๏‰จ๏‰Ÿ๏‰ข๏‰Ž๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šพ๏‹‹๏‰‚๏‰Ÿ๏А๏ˆ ๏Šก๏‰Ÿ๏Šฐ๏‹„๏Šผ๏Šป๏ˆ ๏‰‚๏‰Ÿ๏‹ง๏‰–๏‰Ž๏‹„๏Šฟ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏‹‡๏ˆ ๏ˆบ๏ˆ ๏‹‰๏Šจ๏Šฏ๏‰‚๏‹„๏Šฟ๏‹‹๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฒ๏‰‚๏‰ฒ๏‰Ž๏Šท๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Šพ๏‰‚๏‰’๏Šฟ๏ˆ ๏Šน๏‹Ž๏Šป๏‰‡๏‹‹

๏ˆ ๏‰จ๏‰Ÿ๏‰ข๏‰Ž๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰—๏‰Ž๏‹„๏Šฟ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏ˆฌ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ญ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹Š๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏Šฑ๏Šณ๏‹Œ๏‰Ž๏‹๏ˆ ๏‰‚๏‹ง๏‹๏‰ฆ๏‰™๏ˆ ๏‰œ๏‰‰๏‰ช๏Šฟ๏ˆ ๏‹๏‹ฑ๏Šฐ๏‹ƒ๏ˆ ๏‰ช๏‹—๏‰‰๏ˆ ๏‰œ๏‰Ž๏Šฏ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏Šง๏‹ข

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏‰Ÿ๏Š–๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰๏‹ง๏‰ช๏‹ˆ๏‰Ÿ๏‰ฑ๏ˆ ๏ˆฑ๏ˆฒ๏ˆ ๏ˆœ๏‰๏‹Œ๏‰Ÿ๏‰™๏ˆ ๏‰ฆ๏‰Ÿ๏Šจ๏‰‰๏ˆ ๏‹œ๏‰‡๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ฎ๏Šผ๏Šป๏ˆ ๏‰๏‹ง๏‰ฌ๏‹‡๏‰‚๏‰•๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹…๏Šป๏ˆ ๏‹๏‹ฑ๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‹—๏‰Š๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Š”๏‰™๏ˆ ๏ŠŸ๏ˆ ๏ˆฌ๏‰๏‹ง๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏‹‚๏‹Œ๏‹Ž๏Šป๏‰

๏ˆ ๏ŠŸ๏ˆ ๏Šฝ๏‰–๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‰ช๏Šจ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹†๏‰ˆ๏‰Ÿ๏Šฏ๏ˆ ๏ˆฌ๏‰ฆ๏Šท๏‰„๏‰Ÿ๏‰Ž๏Šป๏‰๏ˆ ๏‹‰๏‰Ÿ๏‰•๏‹‹๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‰Ž๏Šฏ๏‰ช๏Šจ๏Šฟ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹œ๏ˆ ๏ˆฌ๏‹‚๏‹Œ๏‹Ž๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰๏‹ง๏‰ช๏‹ˆ๏‰ฑ๏ˆ ๏ˆฑ๏ˆฒ๏ˆ ๏‰ฆ๏Šจ๏‰‰๏ˆ ๏ˆฌ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ญ

๏ˆ  ๏‰ช๏Šจ๏‰ฎ๏Šป๏ˆ ๏‰๏‹ง๏‰ฆ๏‹Ž๏Šฐ๏Šฟ๏ˆ ๏‹ง๏‰๏‰ช๏‹๏‰ฆ๏Šด๏‰๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏ˆฌ๏‹ง๏‰๏‰ช๏‹ˆ๏‰ฑ๏ˆ ๏ˆฑ๏ˆฒ๏ˆ ๏‰ฆ๏Šจ๏‰‰๏ˆ ๏Šต๏‰š๏‰Ž๏‰ฎ๏‰๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‹Œ๏‰ญ

๏ˆ ๏ˆฌ๏‹๏‰Ÿ๏‹ฑ๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‹—๏‰Ÿ๏‰Š๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏Šฌ๏‰Ÿ๏‰ฒ๏‰๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‰Ÿ๏Šง๏‰‡๏ˆ ๏‰ช๏‹๏ˆ•๏‰Ÿ๏‰Ž๏Šป๏ˆ ๏‹๏‰Ÿ๏Šฐ๏Šธ๏‹๏ˆ ๏‰‚๏‰Ÿ๏‰Ÿ๏Š–๏ˆ ๏‰‚๏‹ง๏Šจ๏Šฐ๏‰๏‰ช๏Šฟ๏ˆ ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‰ช๏Šจ๏‰ญ๏ˆ ๏‹†๏‰‚๏Šท๏ˆ ๏‰๏‰ง๏‰ˆ๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏Šฝ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ ๏‰‚๏‰Ÿ๏‰Ÿ๏‹ง๏‰™๏‰‚๏‰Ž๏Šฟ๏ˆ ๏‰œ๏‰Š๏‰ถ๏‹๏ˆ ๏‰‚๏Šฟ๏‰ฆ๏‹„๏Šง๏ˆ ๏ˆฌ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‰ช๏Šจ๏‰ญ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Šพ๏‹Œ๏‰ถ๏Ї๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‹๏ˆ ๏‹‰๏‹ƒ๏‰ƒ๏ˆ ๏‰พ๏ˆ–๏Šฐ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‰—๏‰Ž๏‹„๏Šฟ๏ˆ ๏‹…๏Šธ๏Šฟ๏‰ƒ

๏ˆ ๏‹๏‰Ÿ๏‰‘๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏‹‹๏ˆ ๏ˆฌ๏‰ช๏Šจ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฒ๏‰‚๏‰Ÿ๏‰Ÿ๏‰ฒ๏‰Ž๏Šท๏‹œ๏ˆ ๏‹‘๏‰๏‰ฅ๏‰ƒ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‹Œ๏‰ญ๏ˆ ๏Šก๏Šฐ๏‹„๏Šป๏‰๏ˆ ๏‹Œ๏‰–๏‰Ž๏‹„๏Šฟ๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ญ๏‰๏ˆ ๏‰๏‰จ๏Šธ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰๏‹ง๏‰ช๏‹ˆ๏‰ฑ๏ˆ ๏ˆฑ๏ˆฒ๏ˆ ๏‰ฆ๏Šจ๏‰‰

๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰ญ๏‹Ÿ๏Šป๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰ญ๏ˆ ๏‰๏‰๏‰ช๏‰Ÿ๏‹๏‰ฆ๏Šด๏‰๏ˆ ๏‹‚๏‰๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ญ๏‰๏ˆ ๏‹๏‰ฅ๏‰‚๏‰Ÿ๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏Šข๏‰‚๏‰Ÿ๏‰Ÿ๏‰ฒ๏‹„๏Šป๏‰๏ˆ ๏Šฒ๏‰๏‰ช๏‰ฟ๏‰ƒ๏ˆ ๏‹†๏‰‚๏Šธ๏Šฟ๏‰ˆ๏‰‰๏ˆ ๏‹†๏‰ˆ๏Šฏ

๏ˆ ๏Š•๏‰‡๏‹‹๏ˆ ๏‰ฆ๏Šท๏‰„๏‰Ÿ๏‰Ž๏Šป๏‰๏ˆ ๏‹‚๏‰ฆ๏‰Ÿ๏Šง๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šฝ๏‰Ÿ๏‹Ž๏Šผ๏Šด๏‰Ž๏Šป๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏‹๏‰ฅ๏‹›๏‰Ÿ๏‹๏ˆ ๏‰‚๏‰Ÿ๏‰Ÿ๏Š–๏ˆ ๏‹’๏‹Ž๏‰•๏‰‚๏‰Ž๏‹ƒ๏‹ข๏‰๏‹‹๏ˆ ๏‹’๏‹Ž๏Šท๏‹๏‹ˆ๏‰Ž๏‰ญ๏‹œ๏‰๏ˆ ๏‹๏‹ˆ๏‰๏‰๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏‹‰๏‹Ž๏‰•๏‹Œ๏‰๏ˆ ๏ŠŸ๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹๏‹ˆ๏‰๏‰๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏‰ฆ๏‹Ž๏‰ฑ๏‰ช๏‰๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‹๏‰ซ

๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏Šฝ๏‰Ÿ๏Šจ๏Š๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰๏ˆ ๏‹†๏‰„๏‰Ÿ๏‰Ÿ๏‰‰๏ˆ ๏‹’๏Šผ๏‹–๏‰‚๏Šด๏Šป๏‰๏ˆ ๏‹๏Šง๏‰๏‰ฌ๏Š๏‰๏ˆ ๏‹๏Šซ๏‰ช๏‰‰๏ˆ ๏ˆบ๏ˆ ูŠ๏บช๏ป˜๏ปจ๏ปŸุง ๏บฎ๏ปŒ๏บด๏ปŸุง ุฑุง๏บฎ๏ป˜๏บ˜๏บณุง๏ˆ ๏ˆจ๏‰˜

๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏‰๏‹Ž๏‰Š๏‰’๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏Šฝ๏‹Ž๏Š—๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‰ƒ๏ˆ ๏ŠŸ๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฒ๏‰‚๏‰ฒ๏‰Ž๏Šท๏‰๏ˆ ๏‹’๏Šฐ๏‹Ž๏Šฃ๏‹‹๏ˆ ๏‹†๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‰‚๏‹ง๏‰Š๏Šผ๏Šด๏‰๏ˆ ๏‰ช๏‰’๏Šท๏‰ƒ๏ˆ ๏‹’๏‹Ž๏‹„๏Šจ๏Š๏‰๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šผ๏Šป

๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰๏ˆ ๏‰ช๏‰Ÿ๏‰‘๏‰ƒ๏ˆ  ๏Šพ๏‹Œ๏‰™๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏І๏‰๏ˆ ๏‰๏‰‚๏‰ญ๏‰๏‰ฉ๏‰ฆ๏Šป๏‰๏ˆ ๏‹‰๏‰๏‰ฆ๏Šท๏‰ƒ๏ˆ ๏‰‚๏Šฟ๏ˆ ๏‰๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‰๏‰‚๏‰Š๏Šผ๏Šด๏‰๏ˆ ๏‰ผ๏‹Ž๏Šฐ๏‰ข๏‰Ž๏‰‰๏ˆ ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šณ๏‹Œ๏‰ฎ๏Šป๏‰

๏ˆ ๏ˆฌ๏‹Š๏‰ฆ๏‰Ÿ๏Šจ๏‰‰๏‹‹๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰Ÿ๏‰๏ˆ ๏Šพ๏‰‚๏‰ก๏‰ฅ๏‰‡๏ˆ ๏Šฝ๏‰Š๏Šณ๏ˆ ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏Šถ๏‹Œ๏‰ฎ๏Šป๏‰๏ˆ ๏‰‹๏Šผ๏Šด๏‰๏ˆ ๏‹’๏‹ƒ๏‰ฉ๏‰‚๏Šด๏Šฟ๏ˆ ๏‹”๏‰ฆ๏Šป๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‹ž๏‰๏ˆ ๏‹“๏Šผ๏Šง

๏ˆ ๏ˆฌPowers (1970), Moriarty and Tosini (1988), Taylor and Leuthold (1974), Froewiss (1978)๏‹”๏‰ƒ๏‰ฉ

๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ Figlewski (1981)๏ˆ ๏‹”๏‰ƒ๏‰ฉ๏‹‹๏ˆ ๏ˆฎ๏‰‚๏‹ˆ๏‰Ÿ๏‰Ž๏‹ฉ๏‰Š๏‰’๏‹๏ˆ ๏‹‰๏‰Ÿ๏‹„๏Šธ๏Šป๏‹‹๏ˆ ๏ˆฌ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ฆ๏‰Ÿ๏‹๏‰ฌ๏‹๏ˆ ๏‹œ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‹†๏‰ƒ

๏ˆ ๏‰‹๏Šผ๏Šด๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹”๏‰ƒ๏‰ฉ๏ˆ Working (1960) ๏‹…๏Šธ๏Šป๏‹‹๏ˆ ๏ˆฌ๏‹๏‰ฉ๏‰‚๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‹†๏‰‚๏‹€๏‰Ž๏‹–๏‹œ๏‰๏ˆ ๏Šถ๏‹Œ๏‰ญ๏ˆ ๏‰‹๏Šผ๏Šด๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‹๏‰ฌ๏‰‰๏ˆ ๏Šต๏Šฏ๏‰๏‰ช๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ ๏‰ฆ๏‹‡๏‰๏‹Œ๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰ท๏Šผ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‹ƒ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰Ÿ๏‰ฎ๏‹ƒ๏‹‹๏ˆ ๏ˆฎ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹•๏‰ฆ๏‰Š๏Šป๏‰๏ˆ ๏‰ฆ๏Šจ๏‰‰๏ˆ ๏Šพ๏‹•๏‰‚๏‰บ๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šณ๏ˆ ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‹ž๏‰

(4)

๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆณ๏ˆฐ

๏ˆ ๏Š•๏‰‡๏ˆ ๏‹๏‰ฅ๏‹›๏‰Ÿ๏‹๏ˆ ๏‹œ๏ˆ ๏‹†๏‰ƒ๏‹‹๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏Šผ๏Šด๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‰ฆ๏‹๏‰ฌ๏‹๏ˆ ๏‹œ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰ ๏ˆ–๏Šด๏‰๏ˆ ๏ˆจ๏‹’๏Šผ๏Šด๏‰’๏Š๏‰๏ˆฉ๏ˆ ๏‹’๏‰š๏‰•๏‰ช๏Š๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹‡๏‰ฉ๏‰๏‰ช๏Šด๏‰Ž๏‰ญ๏‰๏ˆ ๏‹‚๏‰ฆ๏Šง

๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง ๏ปข๏ปฌ๏ป“

๏ˆ  ๏‹’๏Šผ๏‰ฎ๏Šผ๏‰ญ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹๏‹Œ๏‹ฑ๏‹„๏‰๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏Šƒ๏ˆ ๏‹’๏‹Ž๏Šผ๏‹€๏Šง๏ˆ ๏‹๏‰ƒ๏ˆ ๏‹†๏‰ˆ๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏‹€๏Šผ๏Šป๏ˆ ๏‰พ๏‰ช๏Šจ๏‰Ž๏Šป๏‰๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰ช๏‹‡๏‹Œ๏‰•๏ˆ ๏‹†๏‰‡

๏ˆ  ๏ˆฎ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹น๏Šพ๏‰‚๏‰ก๏ˆ ๏Šช๏‹‹๏‰ช๏‰ฒ๏Šฟ๏ˆ ๏Šบ๏‰‚๏‹„๏‹‡๏ˆ ๏‰ฏ๏‹Ž๏Šผ๏Šฏ๏ˆ ๏ˆป๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏Šฐ๏Šผ๏‰Ž๏Š‹๏ˆ ๏‰๏‰‚๏‹๏‹Œ๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‰‚๏ˆš๏ˆ ๏Šฑ๏‹–๏‰‚๏Šฃ๏‹Œ๏Šป๏‰๏ˆ ๏‹…๏Šฟ

๏ˆ ๏ˆฌ๏‹๏‰ฉ๏‰‚๏‰Ÿ๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰‚๏‰Ÿ๏ˆš๏ˆ ๏‰พ๏‰ช๏‰Ÿ๏Šจ๏‰Ž๏‹๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏‰Ÿ๏‰Ÿ๏‰ฎ๏‹Ž๏‹–๏‰ช๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‰ฆ๏‹๏‰ฆ๏Š„๏ˆ ๏‹๏‹‡๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ฃ๏Šป๏ˆ ๏‹’๏‹Ž๏‰ญ๏‰‚๏‰ญ๏‹ž๏‰๏ˆ ๏‹’๏Šฐ๏‹Ž๏Šฃ๏‹Œ๏Šป๏‰๏‹‹

๏ˆ  ๏ˆž๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹”๏‰ฆ๏Šฟ๏‹‹๏ˆ ๏‹’๏Šจ๏‹Ž๏‰Š๏‰ฟ๏ˆ ๏‰ช๏‹๏‰ช๏Šด๏‰๏‹‹๏ˆ ๏‹‰๏Šผ๏‹€๏Š„๏ˆ ๏ŠŸ๏ˆ ๏‹’๏‹Ž๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏‹’๏Šฏ๏‰‚๏Šด๏‰’๏Šป๏‰๏ˆ ๏‰‹๏Šซ๏‰ช๏‰๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹”๏‹Œ๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‹๏‹ˆ๏Šฐ๏Šป๏ˆ ๏Šน๏Šป๏‰ง๏‹‹

๏ˆ ๏‰ช๏‰Ÿ๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹‘๏‰„๏‰Ÿ๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏Šฑ๏‰Ÿ๏Šณ๏‹Œ๏Šฟ๏ˆ ๏‹†๏‰‡๏ˆ ๏ˆฎ๏ˆ ๏‹‚๏‰‚๏‰Ÿ๏‰Ÿ๏Šค๏‰Ž๏‹ƒ๏‰‚๏‰‰๏ˆ ๏‰ฉ๏‰๏‰ช๏Šด๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏‹’๏Šจ๏‰•๏‰๏‰ช๏Šฟ๏‹‹๏ˆ ๏‰‚๏‹ˆ๏‰Ž๏‹ˆ๏‰•๏‰๏‹Œ๏Š๏ˆ ๏‰ฅ๏‰๏‰ฆ๏Šจ๏‰Ž๏‰ญ๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹‘๏‰„๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‹†๏‹Œ๏Šธ๏‰

๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‰Ÿ๏‰š๏‰น๏‰๏‹‹๏ˆ ๏‹’๏‹Ž๏‰–๏‹Ž๏‰๏‰๏ˆ–๏‰ญ๏‰‚๏‰‰๏ˆ ๏‰ฅ๏‰ฆ๏А๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‹…๏Šธ๏Šป๏‹‹๏ˆ ๏ˆฌ๏‰ช๏‹ฑ๏‰ข๏Šผ๏Šป๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹ˆ๏‰–๏‰Ž๏Šฟ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‰ช๏‹ฑ๏‰ข๏Šผ๏Šป๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹‡๏‰ฉ๏‰‚๏Šท๏ˆ ๏‰‚๏‹ต๏Šฐ๏Šณ๏‹Œ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™

๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏ˆ ๏‹Š๏‰ฉ๏‹‹๏‰ฆ๏‰Ÿ๏‰‰๏ˆ ๏Šต๏‰‰๏‰‚๏‰Ÿ๏‰ญ๏ˆ ๏‰‹๏‰Ÿ๏Šผ๏‹ฑ๏‰Ž๏Šฟ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‹’๏‰š๏‰น๏‰๏‹‹๏ˆ ๏‹’๏‹Ž๏‰–๏‹Ž๏‰๏‰๏ˆ–๏‰ญ๏‰๏ˆ ๏‰ช๏‹๏‹Œ๏‹ฑ๏‰Ž๏Šป๏ˆ ๏Šต๏‰‰๏‰‚๏‰ญ๏ˆ ๏‰‹๏Šผ๏‹ฑ๏‰Ž๏Šฟ๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏Š”๏‹Ž๏Šจ๏‰๏ˆ ๏‹†๏‰‡๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏ˆ (Crawford and Sen, 1996) ๏ˆ ๏‰‚๏‹ˆ๏‰Ž๏‹ฑ๏‰ฒ๏‹ƒ๏‹ž๏ˆ ๏‹‚๏‰ซ๏‹๏Š๏‰๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹”๏‹Œ๏‰Ž๏‰ฎ๏Š๏ˆ ๏‹’๏‰š๏‰•๏‰‚๏‹ƒ

๏บ”๏ปด๏ปŸูˆ๏ปทุง ๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง

๏ˆ ๏Šฝ๏‰Ÿ๏‰Ÿ๏Šจ๏Šป๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ฅ๏‰ฆ๏ŠŠ๏ˆ ๏‹๏‰ฉ๏‰‚๏Šƒ๏ˆ ๏Šข๏‰‚๏‰ฒ๏‹ƒ๏ˆ ๏ŠŸ๏ˆ ๏Šพ๏‹Œ๏‰ก๏‰ฆ๏Šป๏‰๏ˆ ๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹ง๏‰๏‹•๏‰ฌ๏‰•๏ˆ ๏‰‚๏‹‡๏‰ฉ๏‰‚๏‰Š๏‰Ž๏Šง๏‰‚๏‰‰๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹€๏‰Ž๏‰™๏ˆ ๏‰‚๏ˆš๏‹Œ๏‰Š๏Šณ๏ˆ ๏‰‹๏Š๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹’๏ˆ„

๏ˆ ๏‹๏ˆ–๏‰Ÿ๏‰ฒ๏‹๏ˆ ๏‰œ๏‰Ÿ๏‹€๏Šณ๏ˆ ๏‰ช๏‰•๏‰‚๏‰Ÿ๏‰Ž๏Šป๏ˆ ๏‹’๏‰Š๏‰Ÿ๏‰ฎ๏‹„๏Šป๏‰‚๏‰Š๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏Šข๏‰‚๏‰Ÿ๏‰ฒ๏‹„๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‰˜๏‹‹๏‰ช๏‰Ÿ๏‰Ÿ๏Šˆ๏‰๏ˆ ๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏‹…๏Šง๏ˆ ๏Šฑ๏Šผ๏‰Ž๏Š‘๏ˆ ๏‹œ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰

๏ˆ ๏Šฝ๏Šธ๏‰Ÿ๏‰ฒ๏‹๏ˆ ๏‹’๏‹„๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏Šพ๏‹๏‰Ÿ๏‰ก๏ˆ ๏‰œ๏‰Ÿ๏‹€๏Šด๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰Ÿ๏‰ญ๏ˆ ๏Šฒ๏‹๏‰Ÿ๏‰Ÿ๏‰Ž๏‰ก๏‰๏ˆ ๏‹†๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏Šน๏Šป๏‰ง๏ˆ ๏‰ฆ๏Šจ๏‰‰๏ˆ ๏‹‰๏Šจ๏‹Ž๏‰Š๏‹๏‹‹๏ˆ ๏‹‰๏‹ƒ๏‰ฌ๏Š‘๏‹‹๏ˆ ๏ˆฌ๏‰ฅ๏‰‚๏‰ถ๏Ї๏‰๏ˆ ๏‰๏Šณ๏‹‹๏ˆ ๏ŠŸ๏ˆ ๏‰œ๏‹€๏Šด๏Šป๏‰

๏ˆ ๏‹’๏‰Š๏‰Ÿ๏‰ฎ๏‹„๏Šป๏‰‚๏‰‰๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Šป๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰Ÿ๏‰บ๏‹๏‰ƒ๏ˆ ๏‹๏‰ฉ๏‰‚๏‰Ÿ๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‰Ÿ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹…๏Šฟ๏‰‚๏Šธ๏Šป๏‰๏ˆ ๏‰œ๏‰‰๏‰ช๏Šป๏‰๏ˆ ๏‰ฅ๏‰‚๏Šจ๏‰Š๏‰Ž๏‰ญ๏‰๏ˆ ๏‹†๏‹‹๏‰ฆ๏‰‰๏ˆ ๏‹‰๏‰Š๏‹„๏Šƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹œ๏ˆ ๏ˆฌ๏‰‚๏‹ง๏‰Ÿ๏‹Ž๏Šป๏‹‹๏‰ƒ๏ˆ ๏‰๏‹ง๏‰ช๏‹ฑ๏‰ก

๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Šป๏‹‹๏ˆ ๏ˆฌ๏‹‰๏‰Ÿ๏‹„๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏Šฝ๏‰‰๏ˆ ๏ˆฌ๏‹‰๏‰‰๏‰‚๏‹„๏‰Ž๏‰•๏‰๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹œ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹Ž๏Šป๏‹‹๏‰ƒ๏ˆ ๏‰๏‹ง๏‰ช๏‹ฑ๏‰ก๏ˆ ๏‰ฆ๏Šจ๏‹๏ˆ ๏ˆ…๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ช๏‹ฑ๏‰ก๏ˆ ๏‹†๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‰œ๏‹€๏Šด๏Šป๏‰๏ˆ ๏Šช๏‰ซ๏‹Œ๏Š

๏ˆ ๏‰ฆ๏‰Ÿ๏‰‰๏ˆ ๏‹œ๏ˆ ๏‹‰๏‰Ÿ๏‹ƒ๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏Šฉ๏‰Ÿ๏‹๏‰ซ๏‹Œ๏‰Ž๏Šป๏‰๏ˆ ๏‹†๏‰ซ๏‰‚๏‰Ÿ๏‰Ÿ๏Š‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏Šธ๏‰Š๏‰ฑ๏ˆ ๏‹•๏‰‚๏‰ฒ๏‹ƒ๏‰‡๏ˆ ๏‹’๏Šฐ๏Šผ๏Šธ๏‰๏ˆ ๏ŠŸ๏ˆ ๏Šข๏‰ฉ๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹‰๏‹ƒ๏‰‡๏ˆ ๏‰“๏‹Ž๏‰š๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šฐ๏Šผ๏‰Ž๏Š‹๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹Ž๏Šป๏‹‹๏‰ƒ๏ˆ ๏‰๏‹ง๏‰ช๏‹ฑ๏‰ก๏ˆ ๏‹‰๏‹๏‰ฆ๏Šป

๏ˆ  ๏ˆฎ๏ˆ ๏‰œ๏‰‰๏‰ช๏Šป๏‰๏ˆ ๏Šต๏‹Ž๏Šด๏Š„๏ˆ ๏ŠŸ๏ˆ ๏‹†๏‰ซ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏Šฝ๏‰ฒ๏Šฏ๏ˆ ๏‰ช๏‹ฑ๏‰ก๏ˆ ๏‹‰๏‰•๏‰๏‹Œ๏‹๏ˆ ๏‹†๏‰ƒ

๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‰š๏‹€๏Šณ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰‚๏‹ง๏‹•๏‰ฌ๏‰•๏ˆ ๏Šฉ๏‹Ž๏‰Š๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰œ๏‹€๏Šด๏Šป๏‰๏ˆ ๏‰ช๏‰•๏‰‚๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‹๏ˆ ๏‹ต๏‹๏‰’๏‹€๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏‰บ๏‹Ž๏Šฐ๏Š…๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹’๏‹Ž๏Šป๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆ—๏Šซ

๏ˆ  ๏‰ช๏Šจ๏‰ญ๏ˆ ๏Šข๏‹Œ๏‰Š๏‹‡๏ˆ ๏‰ช๏‰‘๏‰ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šฑ๏Šฐ๏Š‘๏ˆ ๏‹‰๏‹„๏Šธ๏Šป๏‹‹๏ˆ ๏‹‰๏Šผ๏Šท๏ˆ ๏ˆœ๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏‹๏ˆ ๏‹œ๏ˆ ๏‹‰๏‹ƒ๏‰ˆ๏Šฏ๏ˆ ๏Šน๏Šป๏‰จ๏‰‰๏ˆ ๏‹‰๏Šฟ๏‰‚๏‹Ž๏Šด๏‰‰๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏Šผ๏‰•๏‰…๏ˆ ๏‹‘๏‰ฉ๏‹Œ๏‰ถ๏‰‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰ฅ๏‰‚๏‰™๏ˆ ๏Šฝ๏Šธ๏‰ฒ๏‰‰๏ˆ ๏Šถ๏‹Œ๏‰ฎ๏Šป๏‰

๏ˆ ๏‰‹๏‰Ÿ๏Šผ๏Šซ๏‹ž๏ˆ ๏‹’๏‰Š๏‰Ÿ๏‰ฎ๏‹„๏Šป๏‰‚๏‰‰๏ˆ ๏ˆฌ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‹Š๏‰จ๏‰Ÿ๏‹‡๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹Œ๏‰Ÿ๏‹‡๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏Šพ๏‹Œ๏‰Ÿ๏‰™๏ˆ ๏‹‰๏‰Ÿ๏‹€๏‹ˆ๏Šฏ๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏Š๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏‹•๏‹๏‰ฒ๏Šป๏‰‚๏Šฏ

๏ˆ ๏‰„๏‰Ÿ๏‰Ž๏Šฐ๏‰๏ˆ ๏‹œ๏ˆ ๏‹’๏‰Ÿ๏Šฟ๏‰ฌ๏Ї๏‰๏ˆ ๏‹Š๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏Šป๏‹Œ๏‹ˆ๏‰Ÿ๏‰Ÿ๏‰ฎ๏‰‰๏ˆ ๏‰‚๏ˆš๏‰ฌ๏Šง๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹œ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹‘๏‰ฆ๏Šด๏Šจ๏Šฟ๏ˆ ๏‹’๏Šฟ๏‰ฌ๏‰™๏ˆ ๏Šฝ๏Šธ๏‰ฒ๏‰๏ˆ ๏ˆฌ๏‹’๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰†๏‰ฒ๏‹„๏Š๏‰

(5)

๏ˆ  ๏ˆณ๏ˆฑ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏‹๏‰๏‰‚๏Šง๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‹Ž๏‹€๏Ї๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏‹๏‹Ž๏‰™๏‰ช๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ 

๏ˆ ๏Šก๏‰Ÿ๏‹Ž๏ˆ๏‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šฟ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏Šฐ๏‰Ž๏‰ญ๏‹œ๏‰๏ˆ ๏‹†๏‹Œ๏Šป๏‹‹๏‰‚๏А๏ˆ ๏‹๏‹‡๏‹‹๏ˆ ๏‹๏‹ˆ๏‰๏‰‚๏Šธ๏‹Ž๏‰Ž๏Šธ๏‰๏‹‹๏ˆ ๏‹๏‹ˆ๏‰๏‰‚๏‹Ž๏‰–๏‹Ž๏‰๏‰๏ˆ–๏‰ญ๏‰๏ˆ ๏‹†๏‹‹๏ˆ—๏Šฌ๏‹๏ˆ ๏‹…๏‹๏‰ช๏‹๏‰ฆ๏Š๏‰๏ˆ ๏‹†๏‹ž๏ˆ ๏ˆฌ๏‰ฉ๏‰๏‰ช๏‹€๏‰Ž๏‰ญ๏‰‚๏‰‰๏ˆ ๏ˆ—๏Šฌ๏‰Ž๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰ฏ๏Šฏ๏‰‚๏‹„๏Š๏‰๏ˆ ๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰

๏บ”๏ปณ๏ปฎ๏ปง๏บŽ๏บœ๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง

๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šป๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹’๏Šฟ๏‰ฌ๏‰™๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏ˆ–๏Šฟ๏ˆ ๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰„๏‰ฒ๏‹„๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹’๏ˆ„

๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‹”๏‰ช๏‰Ÿ๏‰ก๏‰ƒ๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šง๏‹‹๏ˆ ๏‰๏‰๏‹‹๏‰ฅ๏‰ƒ๏ˆ ๏‹’๏‹ฑ๏‰Ÿ๏‰ญ๏‰๏‹Œ๏‰‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฒ๏Š๏‰๏ˆ ๏‹’๏‹ฑ๏‰ญ๏‰๏‹Œ๏‰‰๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‰‚๏‹‡๏‰ฅ๏‰‚๏Šจ๏‰Š๏‰Ž๏‰ญ๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šป๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏ŠŸ๏ˆ ๏‰‚๏‹ˆ๏‰Ž๏‹ƒ๏‹‹๏‰ช๏Šฟ๏ˆ ๏Š”๏‰ฎ๏Š„๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹‘๏‰„๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‰ฆ๏Šง๏‰‚๏‰ฎ๏‹

๏บ”๏ปณุฑ๏บŽ๏บ ๏บ˜๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง

๏ˆ ๏ˆฌ๏‹๏‰ฉ๏‰‚๏‰Ÿ๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰ˆ๏‰Ÿ๏‰‰๏ˆ ๏‹’๏Šท๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‹‚๏‹Œ๏‰Ÿ๏‰Ÿ๏Šด๏‰๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏‰ฆ๏‹„๏Šง๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‰Ÿ๏‰Ž๏‹ˆ๏‰‰๏‰‚๏Љ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฅ๏‰ฆ๏Šง๏ˆ ๏Šบ๏‰‚๏‹„๏‹‡

๏ˆ  ๏ˆบ๏‰‚๏‹ˆ๏‹„๏Šฟ

๏ˆ ๏Šฒ๏‰ช๏‰Ÿ๏‰ถ๏Šป๏‰๏ˆ ๏‰๏‹œ๏‰ฆ๏‰Ÿ๏Šจ๏Šฟ๏ˆ ๏ŠŸ๏ˆ ๏‰๏‰๏ˆ—๏‰Ÿ๏Šฌ๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‰’๏Šฟ๏ˆ ๏ˆฌ๏Šถ๏‹Œ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏Šฟ๏‰๏‹Œ๏Šง๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‰„๏‰Ÿ๏‰ฒ๏‹„๏‰๏‹‹๏ˆ ๏ˆบ๏ˆ ู‚๏ปฎู€ู€๏บด๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏ณ๏ˆ โ€“๏ˆ ๏‰ƒ

๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏Šฟ๏‰ฆ๏Šˆ๏‰๏‹‹๏ˆ ๏Šฉ๏Šผ๏‰Ÿ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏ˆ ๏ŠŸ๏ˆ ๏‰๏‹ง๏ˆ—๏Šฌ๏‰๏ˆ ๏‰‹๏‰Š๏‰ฎ๏‰๏‹‹๏ˆ ๏ˆฌ๏Šฉ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏‹‹๏ˆ ๏ˆฌ๏‹๏‹ˆ๏‰ญ๏‹ž๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‰ƒ๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฐ๏Šป๏‰๏ˆ ๏‰๏‹œ๏‰ฆ๏Šจ๏Šฟ๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‹‘๏‰„๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‰‚๏‹ˆ๏Šฟ๏‰ฆ๏Šด๏‰

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏‰Ÿ๏Š–๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ช๏‰Ÿ๏‰ก๏‹ ๏‰๏ˆ ๏Šฒ๏‰ช๏‰Ÿ๏‹ฑ๏Šป๏‰๏ˆ ๏Šฑ๏‰Ÿ๏‰Ÿ๏Šผ๏Š…๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰”๏‰ฆ๏Š„๏‹‹๏ˆ ๏ˆบ๏ˆ credit risk ู„๏ปฎ๏ปœ๏ปจ๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏ณ๏ˆ ๏ˆญ๏‰Œ

๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‰ฅ๏‰‚๏‰Ÿ๏‹€๏‰Ž๏Šง๏‹œ๏‰๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‹‰๏‰Ÿ๏‹ƒ๏‰ƒ๏ˆ ๏‹œ๏‰‡๏ˆ ๏ˆฌ๏‰‹๏‰Ÿ๏Šจ๏‰ต๏ˆ  ๏‰ช๏Šฟ๏‰ƒ๏ˆ ๏Šต๏‰™๏‹œ๏ˆ ๏‰ฃ๏‹๏‰ฉ๏‰‚๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰‚๏Šฟ๏ˆ ๏‹’๏Šด๏Šฐ๏‰ต๏ˆ ๏Šพ๏‰๏‰ฆ๏‰Š๏‰Ž๏‰ญ๏‹œ๏ˆ ๏‹’๏Šผ๏‹€๏‰Ž๏ˆ๏‰๏ˆ ๏‹’๏Šฐ๏Šผ๏Šธ๏‰Ž๏Šป๏‰๏ˆ ๏‹๏‹Ž๏‹Ž๏Šด๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹‡๏‰ช๏‹๏‰ฆ๏Šด๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹’๏Šด๏‰‰๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‰‰๏‰ช๏‰–๏‰Ž๏Šป๏‰

๏บ”๏ปด๏ป ๏ปด๏ป๏บธ๏บ˜๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง

๏ˆ ๏ˆบ๏ˆ ๏‹”๏‰ช๏‰Ÿ๏‰ก๏‰ƒ๏ˆ ๏‰Œ๏‰‚๏‰Š๏‰Ÿ๏‰ญ๏‰ƒ๏ˆ ๏Š”๏‰Ÿ๏‰‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏‰Œ๏‰‚๏‰Š๏‰ญ๏‹Ÿ๏Šป๏ˆ ๏‰”๏‰ฆ๏Š„๏ˆ ๏‰ฆ๏Šณ๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹๏‹‡๏‹‹

๏ˆ  ๏ˆฎ๏‹’๏‹Ž๏Šฟ๏‰๏‰ช๏‰•๏‰‡๏ˆ ๏Šพ๏‰‚๏‹€๏Šง๏‰ƒ๏ˆ ๏ˆฌ๏‹๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏Šฝ๏‰ฒ๏Šฏ๏ˆ ๏ˆฌ๏Š”๏Šผ๏Šฟ๏‰‚๏Šจ๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹’๏Šฐ๏‹Ž๏Šจ๏‰น๏ˆ ๏‹’๏‰‰๏‰‚๏Šณ๏‰ฉ๏ˆ ๏ˆฌ๏‹’๏Šผ๏Šง๏‰‚๏Šฏ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‹’๏‹๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏‹’๏‰‰๏‰‚๏Šณ๏‰ฉ๏ˆ ๏ˆฌ๏‹’๏‹€๏‹–๏‹๏Šฟ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‹๏Šค๏‹ƒ

๏บ”๏ปด๏ปง๏ปฎ๏ปง๏บŽ๏ป˜๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง

๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏ˆ ๏‰ฆ๏‰Ÿ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‰จ๏‹Ž๏Šฐ๏‹„๏‰๏ˆ ๏‹…๏Šง๏ˆ ๏Šฑ๏Šผ๏‰ข๏‰Ž๏Šป๏‰๏ˆ ๏‰‹๏‰Š๏‰ฎ๏‰‰๏ˆ ๏ˆฌ๏‹’๏‹Ž๏‹ƒ๏‹Œ๏‹ƒ๏‰‚๏Šด๏Šป๏‰๏ˆ ๏‰๏‰๏‹•๏‰๏‰ฌ๏І๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‹‰๏‰•๏‰๏‹Œ๏‰๏ˆ ๏‰‚๏Šฟ๏‰ฆ๏‹„๏Šง๏ˆ ๏‰„๏‰ฒ๏‹„๏‰๏‹‹

๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏ˆฌ๏‹๏‹ƒ๏‹Œ๏‹ƒ๏‰‚๏‰Ÿ๏Šด๏Šป๏‰๏ˆ ๏‰ซ๏‰๏‹Œ๏‰Ÿ๏І๏‰๏ˆ ๏ŠŸ๏ˆ ๏Šน๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏ˆฌ๏Šฝ๏‹Ž๏‹‡๏‰„๏‰Ÿ๏‰Ÿ๏‰Ž๏Šป๏‰๏ˆ ๏‰ท๏Šด๏‹ƒ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏ˆฌ๏‹‘๏‰ฉ๏‰ฆ๏Šด๏Š๏‰๏ˆ ๏‰ท๏Šด๏‹ƒ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏ˆฌ๏Šต๏‹–๏‰‚๏‰‘๏‹Œ๏Šป๏‰๏ˆ ๏‰ท๏Šด๏‹ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰„๏‰ฒ๏‹„๏‰๏ˆ ๏‰ฆ๏Šณ๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‹‘๏‹•๏‹๏Š๏‰๏ˆ ๏‹‚๏‰ฆ๏Šง๏‹‹๏ˆ ๏ˆฌ๏‰ฐ๏‹๏Šฏ๏‹ข๏‰๏ˆ ๏‰ช๏‰‘๏‰‡๏ˆ ๏‰จ๏‹Ž๏Šฐ๏‹„๏‰Ž๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹‘๏‰ฉ๏‰ฆ๏Šด๏Šป๏‰๏ˆ ๏‹‚๏‰ฆ๏Šง

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๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆณ๏ˆฒ

๏บ”๏ปŸ๏ปฎ๏ปด๏บด๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏ณ

๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏‰‹๏‰๏ˆ–๏‰Ÿ๏‹๏ˆ ๏‰‚๏‰Ÿ๏‰Ÿ๏Šฟ๏ˆ ๏‹‰๏‰•๏‰๏‹Œ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆฌ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰‚๏‹ˆ๏‰๏‰‚๏Šด๏Šฏ๏‰ฆ๏‰Ž๏Šป๏ˆ ๏‰ช๏Šค๏‹„๏Šป๏‰‚๏‰‰๏ˆ ๏ˆฌ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‰๏ˆ ๏‹œ๏ˆ ๏‰‚๏Šฟ๏‰ฆ๏‹„๏Šง๏ˆ ๏‰„๏‰ฒ๏‹„๏‰๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏Šณ๏‰‚๏Šด๏‰š๏‰Ž๏‰ญ๏‰๏ˆ ๏‰ฃ๏‹๏‰ฉ๏‰๏‹Œ๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰๏‰‚๏Šฟ๏‰๏‰ฌ๏‰Ž๏Šป๏‰

๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง ๏ปฆ๏ปฃ ุท๏ปฎ๏บค๏บ˜๏ปŸุง ู…๏บช๏ป‹ ๏ปฒ๏ป‹ุงูˆุฏ

๏ˆ ๏ˆฌ๏‹‰๏‰Ÿ๏Šผ๏‹€๏‰š๏‰Ž๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹‘๏‰„๏‰Ÿ๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏‰Ÿ๏‹๏‰ช๏‰๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹”๏‹Œ๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‹๏‹ˆ๏Šฏ๏‹‹๏ˆ ๏‰‚๏‹‡๏‰ฉ๏‰ฅ๏‰‚๏‰ถ๏Šฟ๏‹‹๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏Šข๏‰‚๏Š˜๏‰ƒ๏ˆ ๏‰ฆ๏‹๏‰ฆ๏Š„๏ˆ ๏‰ฆ๏Šจ๏‰‰

๏ˆ  ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹‚๏‰ฆ๏Šง๏ˆ ๏ˆจ๏‹‹๏‰ƒ๏ˆฉ๏ˆ ๏‹‹๏ˆ ๏‹’๏‹Ž๏Šป๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏Šฑ๏‹Ž๏Šฐ๏Š…๏ˆ ๏‹‚๏‰ฆ๏Šง๏ˆ ๏ˆฌ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰ˆ๏‰‰๏ˆ ๏‹’๏Šด๏Šผ๏Šจ๏‰Ž๏Š๏‰๏ˆ ๏‰‚๏‹ˆ๏‰Ž๏‹ฑ๏‰ก๏ˆ ๏ŠŸ๏ˆ ๏ˆฌ๏‰ฉ๏‰ช๏Šด๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šธ๏Š™

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹๏‹Œ๏‹ƒ๏‰‚๏‰’๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ

๏ˆ  ๏ˆบ๏ˆ ๏‹๏Šผ๏‹๏ˆ ๏‰‚๏Š–๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰ˆ๏‰‰๏ˆ ๏‰‚๏‹‡๏‰ฉ๏‰๏‰ช๏Šณ๏ˆ ๏ŠŸ๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šช๏‰ฉ๏‰จ๏‰Ž๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏‹‹

๏ˆ ๏ˆ•๏‰Ÿ๏‰Ÿ๏Šท๏‰ƒ๏ˆ ๏‹๏‹‡๏ˆ ๏‹‘๏‰ฅ๏‹Œ๏‰•๏‹Œ๏Š๏‰๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Š๏‰๏ˆ ๏‹‚๏‰๏‰ฆ๏‰ข๏‰Ž๏‰ญ๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏‹—๏‰ฑ๏‰‚๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹†๏‰ƒ -

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šผ๏‰ต๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏‹Ž๏Šป๏‰‚๏Šฟ๏ˆ ๏‹‘๏‰ฉ๏‰‚๏‰ฎ๏‰ก๏ˆ ๏‹๏‰ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹“๏Šผ๏Šง๏‰ƒ๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏‹’๏Šฐ๏Šผ๏Šท๏ˆ ๏‹†๏‹ž๏ˆ ๏ˆฌ๏‹’๏‹๏‰ฆ๏Љ๏ˆ ๏‰๏‰ฎ๏‹Ž๏Šป๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏‹†๏‰ƒ -

๏ˆ  ๏ˆฎ๏ˆ ๏Šฉ๏Šณ๏‹Œ๏‰Ž๏Š๏‰๏ˆ ๏‹๏Šผ๏‰ต๏‹ž๏‰๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹…๏Šง๏ˆ ๏‰„๏‰ฒ๏‹„๏‰

๏บฎ๏ปƒ๏บŽ๏บจ๏ณŒุง ๏ปฆ๏ปฃ ุท๏ปฎ๏บค๏บ˜๏ปŸุง ๏ปฒ๏ป‹ุงูˆุฏ

๏ˆ ๏ˆฌ๏‰ฉ๏‰๏‰ช๏‹€๏‰Ž๏‰Ÿ๏‰ญ๏‰‚๏‰‰๏ˆ ๏ˆ—๏‰Ÿ๏‰Ÿ๏Šฌ๏‰Ž๏‰๏ˆ core risks๏ˆ ๏‹’๏‹Ž๏‰Ÿ๏‰ญ๏‰‚๏‰ญ๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹’๏‰Ÿ๏Šฟ๏‰ฌ๏‰™๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šธ๏‹Ž๏Šฟ๏‰‚๏‹„๏‹๏‰ฅ๏ˆ ๏‹’๏‹Ž๏Šผ๏‹€๏Šง๏ˆ ๏‰ช๏‰Ÿ๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹๏‹๏‹Œ๏Šด๏‰๏ˆ ๏‹†๏‰‡

๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‹Š๏‰ฅ๏‰‚๏Šจ๏‰Š๏‰Ž๏‰Ÿ๏‰ญ๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ฉ๏‰๏‰ช๏‰Ÿ๏Šณ๏ˆ ๏‰ง๏‰‚๏‰Ÿ๏Š…๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‰Š๏Šณ๏ˆ ๏‹’๏‰Ÿ๏Šฟ๏‰ฉ๏‰‚๏‰ต๏‹‹๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏‹€๏‹–๏‰๏‰ฅ๏ˆ ๏‹‘๏‰ฉ๏‹Œ๏‰ถ๏‰‰๏ˆ ๏‹Š๏‰ฉ๏‰‚๏‰Š๏‰Ž๏‰ก๏‰๏ˆ ๏‰‹๏Š๏ˆ ๏‹’๏Šฟ๏‰ฌ๏Ї๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ช๏‹ฑ๏‰ก๏ˆ ๏‹๏‰ƒ๏ˆ ๏‹†๏‰‡๏ˆ ๏‰“๏‹Ž๏Ё

๏ˆ  ๏Šฝ๏‰Ÿ๏‹Ž๏Šผ๏Š„๏ˆ ๏‹๏‰Ž๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹๏‰ฉ๏‰‚๏‰Ÿ๏‰Ÿ๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹€๏Šจ๏Šผ๏Šป๏ˆ ๏‹’๏‹๏‰ช๏‰Ÿ๏‹‡๏‹Œ๏І๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹ง๏‰๏‹•๏‰ฌ๏‰•๏ˆ ๏‹‰๏Šฐ๏‰ต๏‹Œ๏‰‰๏ˆ ๏‹‰๏Šป๏‹Œ๏‰Š๏Šณ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏ˆฌ๏‹‰๏‹„๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰

๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏ˆ ๏ˆฌ๏ˆขtop-down method ๏Šฝ๏Šฐ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏‹“๏‰Ÿ๏‰Ÿ๏Šผ๏Šง๏‹ž๏‰๏ˆ ๏‹…๏Šฟ๏ˆข๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏Šด๏‹๏‰ช๏‹ฑ๏‰‰๏ˆ ๏‹’๏‹๏‰ช๏‹‡๏‹Œ๏І๏‰๏ˆ ๏‰ช๏‰Ÿ๏‰Ÿ๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏Šฟ๏‰ฌ๏‰™๏ˆ ๏‰ฆ๏‹๏‰ฆ๏Š„๏‹‹

๏ˆ ๏Š•๏‰‡๏ˆ ๏Šฝ๏Šฐ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆข๏ˆ ๏‹’๏‰Ÿ๏Šด๏‹๏‰ช๏‹ฑ๏‰‰๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰„๏‰Ÿ๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏Šฌ๏Šผ๏‰Š๏‰๏‹‹๏ˆ ๏‹’๏‹Ž๏‰Ÿ๏‰ฎ๏‹Ž๏‹–๏‰ช๏Šป๏‰๏ˆ ๏‰ช๏‰Ÿ๏‰Ÿ๏‰Ÿ๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ  ๏‹’๏Šฟ๏‰ฌ๏‰™๏ˆ ๏‰‚๏‹Ž๏Šผ๏Šจ๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏‰๏ˆ ๏‰‚๏‹ˆ๏‹Ž๏Šฏ๏ˆ ๏‰ฉ๏‰ช๏Šด๏‰

๏ˆ ๏‹’๏‰Ÿ๏Šผ๏‹€๏‰Ž๏ˆ๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏‹๏‰ฆ๏‰š๏‰Ž๏‰‰๏ˆ ๏‹’๏‰Ÿ๏‹€๏Šค๏‹„๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹“๏‰Ÿ๏‹ƒ๏‰ฅ๏‰ƒ๏ˆ ๏‹”๏‹Œ๏‰Ž๏‰Ÿ๏‰ฎ๏Šฟ๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‰Ÿ๏‹Ž๏Šฏ๏ˆ ๏‹‚๏‹Œ๏Šด๏‹๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏ˆฌ๏ˆขbottom-up method๏ˆ ๏‹“๏Šผ๏Šง๏‹ž๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹Ž๏Šผ๏Šจ๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏‰‚๏‹ˆ๏Šฌ๏‹Ž๏Šผ๏‰Š๏‰๏‹‹

๏ˆ ๏‰ซ๏ˆ•๏‰Ÿ๏‰๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‰Ÿ๏‹„๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰‚๏‰‰๏ˆ ๏‰ฉ๏‰๏‰ช๏‰Ÿ๏‰Ÿ๏Šณ๏ˆ ๏‰ง๏‰‚๏Š…๏‰๏‹‹๏ˆ ๏‹’๏‹๏‰ช๏‹‡๏‹Œ๏І๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹’๏Šฟ๏‰ฌ๏‰™๏ˆ ๏‰ฆ๏‹๏‰ฆ๏Š„๏ˆ ๏‰ฆ๏Šจ๏‰‰๏‹‹

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šฟ๏ˆ ๏‰ฆ๏Šท๏‰„๏‰Ž๏Šผ๏Šป๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹Ž๏Šป๏‰‚๏Šฟ๏ˆ ๏‹ง๏‹•๏‰‚๏‹ฑ๏Šซ๏ˆ ๏‰‚๏‹ˆ๏Š™๏‰ฆ๏Šด๏‰Ž๏‰‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‰ท๏‹ท๏Šผ๏Šด๏‰๏ˆ ๏‰‚๏‹ˆ๏‹ƒ๏‹ž๏ˆ ๏ˆฌ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏‰๏‰‚๏‰–๏‰Ž๏‹„๏Š๏‰๏ˆ ๏‰ช๏‹ˆ๏‰ฑ๏‰„๏Šท๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Š๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹‰๏‰๏‰ฉ๏‰๏‰ฅ๏‰‡๏‹‹๏ˆ ๏‹‰๏‰๏‰ช๏‰ต๏‰‚๏ŠŠ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‰ช๏‹ฑ๏‰ก๏ˆ ๏‹๏‰ƒ

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๏ˆ  ๏ˆณ๏ˆณ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏‹๏‰๏‰‚๏Šง๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‹Ž๏‹€๏Ї๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏‹๏‹Ž๏‰™๏‰ช๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ 

๏ˆ  ๏ˆฌ๏‹’๏Šท๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏‹‘๏ˆ•๏‰Ž๏Šจ๏Šฟ๏ˆ ๏‹’๏‹€๏‹Ž๏Šณ๏ˆ ๏Šฑ๏‹Ž๏‰บ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹’๏‹๏‰ช๏‹‡๏‹Œ๏І๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏ˆ ๏‹๏‰–๏‹Ž๏‰๏‰๏ˆ–๏‰ญ๏‰๏ˆ ๏Šฝ๏‰ก๏‰ฆ๏Šฟ๏ˆ ๏‰ช๏‹๏‹Œ๏‹ฑ๏‰๏ˆ ๏‹†๏‰‡

๏ˆ  ๏ˆบ๏ˆ (Briys et al., 1998) ๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏‰Œ๏‰‚๏‰Š๏‰ญ๏‹Ÿ๏Šป

๏ˆ ๏‹’๏Šท๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‹Š๏‰จ๏‰Ÿ๏‹‡๏ˆ ๏‹๏‹ˆ๏‰Ÿ๏‰ญ๏‰ƒ๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‰“๏‰Ÿ๏‹Ž๏‰™๏ˆ ๏ˆฌ๏‹๏‰ฆ๏‰Ÿ๏Šด๏‹„๏Šป๏‰๏ˆ ๏Šต๏‰Ÿ๏‰Ÿ๏Šฏ๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‹Ž๏‰Š๏‰’๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏Šฝ๏‹Ž๏Š—๏ˆ โ€“๏ˆ ๏‰ƒ

๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šฝ๏‰Ÿ๏Šผ๏Šด๏‰๏‹‹๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏‹–๏‰‚๏‰–๏Šฐ๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏‹–๏‰๏‹Œ๏Šจ๏Šป๏‰๏ˆ ๏‹’๏Šท๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‰‹๏‰Ÿ๏‹„๏‰–๏‰Ž๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰‚๏‰Ÿ๏‰‰๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰Ÿ๏‰Ÿ๏‰Š๏Šผ๏Šด๏‰๏ˆ ๏‰ช๏‰’๏Šท๏‹ž๏‰๏ˆ ๏‰‚๏‹ˆ๏‰๏‰๏ˆ—๏Šค๏‹„๏‰‰๏ˆ ๏‹’๏‹ƒ๏‰ฉ๏‰‚๏Šด๏Šฟ๏ˆ ๏‹‘๏‹‹๏‹๏Šจ๏‰‰

๏ˆ  ๏ˆฎ๏ˆ ๏Šถ๏‰‚๏Šฐ๏‰ก๏‹œ๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‰ฐ๏‹๏Šฏ๏‹ข๏‰๏ˆ ๏Šพ๏‰‚๏‹€๏‰Ž๏‰™๏‰

๏ˆ ๏‰๏‰‚๏‰Ÿ๏Šด๏Šฏ๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏Šก๏‰Š๏‹ˆ๏‰Ÿ๏‰๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏‰ฆ๏‹„๏Šง๏ˆ ๏‰ฉ๏‰‚๏‹€๏‰’๏‰Ž๏‰Ÿ๏‰ญ๏‹œ๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰Ÿ๏‰๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏‹„๏Šƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Š”๏Šธ๏Š—๏ˆ ๏Š•๏‰‡๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏Š™๏ˆ ๏ˆญ๏‰Œ

๏ˆ ๏Š•๏‰‡๏ˆ ๏‹๏‰ฅ๏‹›๏‰Ÿ๏‹๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏Šฝ๏‰Ÿ๏‰•๏‹ž๏‰๏ˆ ๏‹’๏‰Ÿ๏Šผ๏‹๏‹Œ๏‰ฟ๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏‹€๏‰’๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ญ๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏‰–๏‹Ž๏‰๏‰๏ˆ–๏‰ญ๏‰๏ˆ ๏‰‚๏ˆš๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šธ๏Š™๏ˆ ๏‰‚๏‹€๏Šท๏ˆ ๏ˆฌ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‹’๏‹€๏‹Ž๏Šณ๏ˆ ๏‰ฌ๏‹๏‰ฌ๏Šจ๏‰

๏ˆ ๏‹†๏‰ƒ๏‹‹๏ˆ ๏‹’๏‰Ÿ๏‹๏‹Œ๏‹ƒ๏‰‚๏‰’๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‰ฆ๏Šจ๏‰Š๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ  ๏‹†๏‰ƒ๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‰Ž๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‰๏‹Ž๏‰Ž๏Šฐ๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏Š™๏ˆ โ€“๏ˆ ๏‰˜

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏Šจ๏Šฟ๏ˆ ๏Šฝ๏Šฟ๏‰‚๏Šจ๏‰Ž๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹’๏‹Ž๏Šณ๏‹Œ๏‰ฎ๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰ฆ๏Šด๏Š๏‰๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šน๏Šผ๏Š—๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šป๏‹‹๏‹ž๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‰ฌ๏Šท๏‰ช๏‰

๏ˆ ๏Šฑ๏‰Ÿ๏‰Ÿ๏‹Ž๏‹„๏‰ถ๏‰Ž๏Šป๏‰๏ˆ ๏Š”๏‰ฎ๏Š„๏ˆ ๏Š•๏‰‡๏ˆ ๏‹๏‰ฅ๏‹›๏‹๏ˆ ๏‰‚๏Šฟ๏ˆ ๏‰๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰๏‰‚๏Šด๏Šฏ๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰Š๏Šผ๏Šด๏‰๏ˆ ๏Šฑ๏‹Ž๏Šฐ๏Š…๏ˆ ๏Š•๏‰‡๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏Š™๏ˆ โ€“๏ˆ ๏‰ฅ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏‰น๏‰๏ˆ–๏Šณ๏‹œ๏‰๏ˆ ๏‰‚๏‹ˆ๏‰๏‰ฉ๏‰ฆ๏Šด๏Šฟ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‹๏‰ซ๏ˆ ๏Š•๏‰‡๏‹‹๏ˆ ๏‹’๏Šท๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏‹๏‹ƒ๏‰‚๏‹€๏‰Ž๏‹–๏‹œ๏‰

๏ˆ ๏‹…๏‰Ÿ๏Šง๏ˆ ๏Šฑ๏‰Ÿ๏Šผ๏‰ข๏‰Ž๏Šป๏‰๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏‰ฒ๏Š‘๏ˆ ๏‹…๏‰Ÿ๏‹๏‰จ๏Šป๏‰๏ˆ ๏Š”๏‹„๏‹–๏‰๏‰ฆ๏Šป๏‰‚๏‰Ÿ๏Šท๏ˆ ๏ˆฌ๏‰๏‰‚๏‰Ÿ๏Šง๏‰‚๏‹€๏І๏‰๏ˆ ๏Šฑ๏‰Ÿ๏Šผ๏‰Ž๏Š‹๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰Ÿ๏‰ญ๏‰‚๏‹Ž๏‰ญ๏ˆ ๏‰ฆ๏‹Ž๏Šฐ๏‰๏ˆ โ€“๏ˆ ๏‰Ÿ๏‹‡

๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰ญ๏‰„๏‰‰๏ˆ ๏Š”๏‹€๏‰Ž๏‹ˆ๏‰Ÿ๏Š๏‰๏ˆ ๏‹…๏‹–๏‰‚๏‰Ÿ๏‰‰๏‰ฌ๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏‹—๏‹€๏‹ฑ๏‰๏‹‹๏ˆ ๏ˆฌ๏Šฝ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏Šข๏‹‹๏‰ช๏‰ฑ๏‹‹๏ˆ ๏Šฝ๏‹Ž๏Šฌ๏‰ฒ๏‰Ž๏Šป๏‰๏ˆ ๏Šถ๏‰‚๏Šฏ๏‰…๏ˆ ๏‰๏‰‚๏‰ญ๏‰‚๏‹Ž๏‰ฎ๏Šป๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏‹…๏‰ฎ๏Š„๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ฅ๏‰๏‰ฆ๏‰ฎ๏Šป๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰๏‰‚๏‰–๏‰Ž๏‹„๏‹€๏Šผ๏Šป๏ˆ ๏‹’๏‰Ž๏‰‰๏‰‚๏‰‘

ุช๏บŽ๏ป˜๏บ˜๏บธ๏ณŒุง ๏บ”๏ป„๏บณุง๏ปฎ๏บ‘ ุท๏ปฎ๏บค๏บ˜๏ปŸุง

๏ˆ ๏Š”๏‰Ÿ๏‰‘๏‹๏‰’๏Šป๏‰๏ˆ ๏‹’๏‰Ÿ๏Šง๏‹Œ๏‹€๏Љ๏ˆ  ๏ˆ—๏‰ฒ๏‰๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏Šฑ๏Šผ๏‰Ž๏Š‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏Šฉ๏‰ญ๏‰๏‹‹๏ˆ ๏Šถ๏‰‚๏‹ฑ๏‹ƒ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Š๏‰๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰

๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏‹‹๏ˆ ๏ˆฌ๏‰ธ๏‰‚๏‰Ÿ๏Šˆ๏‰๏ˆ ๏Šช๏‰‚๏‰Ÿ๏‹ฑ๏Šด๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏ˆ—๏‰Ÿ๏Šซ๏ˆ ๏‰๏‰†๏‰Ÿ๏‰Ÿ๏‰ฒ๏‹„๏‹€๏Šผ๏Šป๏ˆ ๏‰‚๏‹ˆ๏‰š๏‰ฎ๏Šฟ๏ˆ ๏ŠŸ๏ˆ ๏ˆฌ(Group of Thirty 1993)

๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‹„๏Šฟ๏ˆ ๏ˆฅ๏ˆธ๏ˆท๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Š•๏‰‡๏ˆ  Over the Counter (OTC) ๏ˆ ๏ˆจ๏Šต๏‰Ÿ๏Šฐ๏‰ถ๏Š๏‰๏ˆ ๏‰˜๏‰ฉ๏‰‚๏‰Ÿ๏‰ก๏ˆฉ๏ˆ ๏‹’๏‰Ÿ๏‹€๏Šค๏‹„๏Š๏‰๏ˆ ๏ˆ—๏‰Ÿ๏‰Ÿ๏Šซ๏ˆ ๏Šถ๏‹Œ๏‰ฎ๏Šป๏‰๏ˆ ๏‰๏‰๏‹‹๏‰ฅ๏‰ƒ

๏ˆ  ๏‰ฅ๏‹Œ๏Šด๏Šง๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆท๏ˆธ๏‹‹๏ˆ ๏ˆฌ๏‹’๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰บ๏‹๏‰‚๏Šด๏Šฟ๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆถ๏ˆด๏‹‹๏ˆ ๏ˆฌswap๏ˆ ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฐ๏Šป๏‰๏ˆ ๏Šพ๏‰ฆ๏Šจ๏Šฟ๏ˆ ๏‰๏‰‚๏‰บ๏‹๏‰‚๏Šด๏Šฟ๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰

๏ˆ  ๏ˆฎ๏‹’๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰๏‰ฉ๏‰‚๏‹Ž๏‰ก๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆณ๏ˆฑ๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฐ๏Šป๏‰๏ˆ ๏Šพ๏‰ฆ๏Šจ๏Šฟ๏ˆ ๏‰๏‰๏‰ฉ๏‰‚๏‹Ž๏‰ก๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆด๏ˆฐ๏‹‹๏ˆ ๏ˆฌ๏‹’๏Šผ๏‰•๏‹ ๏‰๏ˆ ๏ˆ๏‹„๏‰•๏‹ž๏‰๏ˆ ๏Šฒ๏‰ช๏‰ถ๏Šป๏‰

๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏‰๏‰†๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏‹…๏Šฟ๏ˆ ๏ˆฅ๏ˆธ๏ˆฒ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Š”๏‰Š๏‰๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‹ˆ๏‰•๏‰๏‹Œ๏‰๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰‚๏‹ˆ๏‰ฟ๏‹Œ๏Š„๏ˆ ๏‹’๏‹Ž๏Šฐ๏‹Ž๏Šท๏ˆ ๏‹…๏Šง๏ˆ ๏‰Œ๏‰๏‹Œ๏І๏‰๏ˆ ๏ŠŸ๏‹‹

๏ˆ ๏ˆฅ๏ˆณ๏ˆณ๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰ฆ๏‰Ÿ๏‹๏‰ฆ๏І๏‰๏ˆ ๏‰๏‹๏‰Ÿ๏‹๏‹Œ๏‹€๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏‹—๏‰Ÿ๏‰ฑ๏‰‚๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏Šต๏‰Ÿ๏Šฐ๏‰ถ๏Š๏‰๏ˆ  ๏ŠŸ๏ˆ ๏‹’๏Šป๏‹‹๏‰๏‰ฆ๏‰Ž๏Šฟ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰ฒ๏Šฟ

๏ˆ ๏ˆฌ๏ˆ๏‰Ÿ๏‹„๏‰•๏‹ž๏‰๏ˆ ๏Šฒ๏‰ช๏‰Ÿ๏‰Ÿ๏‰ถ๏Šป๏‰๏ˆ ๏‰๏‰‚๏Šด๏Šฐ๏‰ต๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏ˆฅ๏ˆถ๏ˆน๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹Ž๏‰Š๏‹„๏‰•๏‹ž๏‰๏ˆ ๏‹’๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰‚๏Šด๏Šฐ๏‰ต๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป

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๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆณ๏ˆด

๏ˆ ๏ˆฅ๏ˆน๏ˆฒ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Š”๏‰Ÿ๏‰Š๏‰๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ  ๏‰๏‰‚๏‰ฎ๏‰ญ๏‹›๏‹€๏Šผ๏Šป๏ˆ ๏‹’๏‰Š๏‰ฎ๏‹„๏Šป๏‰‚๏‰‰๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏Šฟ๏‹Œ๏‰ถ๏‰ก๏‹‹๏ˆ ๏‰‚๏ˆš๏‹Œ๏‰ต๏‰ƒ๏ˆ ๏‰ท๏‹–๏‰‚๏‰ถ๏‰ก๏ˆ ๏Šฝ๏‹๏‰ฆ๏Šจ๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‹ข๏ˆ ๏ˆฅ๏ˆท๏ˆธ๏‹‹

๏ˆ ๏Šฒ๏‰ช๏‰Ÿ๏‰Ÿ๏‰ถ๏Šป๏‰๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆถ๏ˆน๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰ฆ๏‹–๏‰‚๏‰Ÿ๏Šฐ๏Šป๏‰๏ˆ ๏Šพ๏‰ฆ๏‰Ÿ๏Šจ๏Šฟ๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰บ๏‹๏‰‚๏Šด๏Šฟ๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏‹’๏‰‰๏‹Œ๏‰–๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ

๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰บ๏‹๏‰‚๏Šด๏Šฟ๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆด๏ˆถ๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰ฆ๏‹–๏‰‚๏‰Ÿ๏Šฐ๏Šป๏‰๏ˆ ๏Šพ๏‰ฆ๏‰Ÿ๏‰Ÿ๏Šจ๏Šฟ๏ˆ ๏‰๏‰๏‰ฉ๏‰‚๏‰Ÿ๏‹Ž๏‰ก๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆถ๏ˆน๏‹‹๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‰Ÿ๏Šผ๏‰•๏‹›๏Š๏‰๏ˆ ๏ˆ๏‹„๏‰•๏‹ž๏‰

๏ˆ ๏‰๏‰‚๏Šด๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฒ๏Š๏‰๏ˆ ๏‹’๏‰‰๏‹Œ๏‰–๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏ˆฅ๏ˆธ๏ˆด๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏‰Ÿ๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰๏‰ฉ๏‰‚๏‰Ÿ๏‹Ž๏‰ก๏ˆ ๏‹‚๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏ˆฅ๏ˆฒ๏ˆณ๏‹‹

๏ˆ ๏‹’๏‰Ÿ๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏Šด๏Šฐ๏‰ต๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏Š‹๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏ˆฅ๏ˆถ๏ˆด๏‹‹๏ˆ ๏ˆฌ๏‰ฆ๏‰Ÿ๏‹๏‰ฆ๏І๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‹๏‹Œ๏‹€๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏‹—๏‰Ÿ๏‰ฑ๏‰‚๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป

๏ˆ ๏Šพ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ต๏‰ƒ๏ˆ ๏ŠŸ๏ˆ ๏‹‘๏‰ฆ๏‰ฎ๏‰–๏‰Ž๏Š๏‰๏ˆ ๏‰๏‰๏‰ฉ๏‰‚๏‹Ž๏Šˆ๏‰๏ˆ ๏‰ฌ๏Šท๏‰๏‰ช๏Šฟ๏ˆ ๏‹’๏‹Ž๏‹ฑ๏Šฌ๏‰Ž๏Šป๏ˆ ๏ˆฅ๏ˆณ๏ˆน๏‹‹๏ˆ ๏ˆฌ๏‰๏‰‚๏Šด๏Šฐ๏‰ถ๏Šป๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏Š‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏ˆฅ๏ˆณ๏ˆน๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹Ž๏‰Š๏‹„๏‰•๏‹ž๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰๏‰‚๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏‹‚๏‹Œ๏‰ถ๏‰ก๏‹‹

ุช๏บŽ๏ปด๏ป ๏บ’๏ป˜๏บ˜๏บด๏ณŒุง ๏ปฐ๏ป ๏ป‹ ๏ฒ”๏ป˜๏ฑข๏ป ๏ปŒ๏ณŒุง ุกุงุฑุข ุถุง๏บฎ๏ปŒ๏บ˜๏บณุง

๏ˆ ๏ˆฌ๏‹†๏‹ ๏‰๏ˆ ๏‹‰๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏‹๏‰Ÿ๏‹‡๏ˆ ๏‰‚๏‰Ÿ๏‹€๏Šท๏ˆ  ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‰ƒ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏ˆฎ๏ˆ ๏‹†๏‹‹๏‰ช๏Šณ๏ˆ ๏‹‘๏‰ฆ๏Šง๏ˆ ๏‰จ๏‹„๏Šฟ๏ˆ ๏‹’๏Šผ๏‰•๏‹›๏Š๏‰๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰ฆ๏‰•๏‹‹

๏ˆ ๏‹•๏‰๏‰ฉ๏‹‹๏ˆ ๏‹’๏‰Ÿ๏Šจ๏Šฏ๏‰๏‰ฆ๏Šป๏‰๏ˆ ๏‹‘๏‹Œ๏‰Ÿ๏Šด๏Šป๏‰๏ˆ ๏‹Œ๏‰Ÿ๏‹‡๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‹œ๏‰๏ˆ ๏‹‘๏‹•๏‰‚๏‰Ÿ๏Šฐ๏Šธ๏Šป๏‰๏ˆ  ๏‹‘๏‰ฅ๏‰‚๏‹๏‰ซ๏ˆ ๏Šฒ๏‰ฆ๏‹‡๏ˆ ๏‹†๏‰‚๏Šท๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ฆ๏‹Ž๏Šจ๏‰‰๏ˆ ๏‰ฆ๏‰™๏ˆ ๏Š•๏‰‡๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰’๏‹๏‰ฆ๏‰™๏ˆ ๏‰๏‹ง๏‰ฉ๏‹Œ๏‹ฑ๏‰๏ˆ ๏ˆ•๏‰Ž๏Šจ๏‰

๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰Ÿ๏‰ข๏Š๏‰๏ˆ ๏Šฉ๏‹๏‰ซ๏‹Œ๏‰๏ˆ ๏‰ฆ๏‹Ž๏Šจ๏‰๏ˆ ๏‰‚๏‹ˆ๏‹ƒ๏‰‡๏ˆ ๏ˆบ๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šฟ๏ˆ ๏ˆฌ๏‹’๏‹€๏‹ˆ๏Šฟ๏ˆ ๏‹’๏‹๏‰ฅ๏‰‚๏‰ถ๏‰Ž๏Šณ๏‰๏ˆ ๏Šฑ๏‹–๏‰‚๏Šฃ๏‹Œ๏‰‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‰ƒ๏ˆ ๏‰ผ๏‹ˆ๏‹„๏‰๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰ฉ๏‹Œ๏‹ฑ๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡

๏ˆ  ๏‰ฉ๏‰‚๏Šจ๏‰ญ๏‹Ÿ๏Šป๏ˆ ๏‹๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฉ๏‰‚๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹Œ๏‰™๏ˆ ๏‰๏‰‚๏Šฟ๏‹Œ๏Šผ๏Šจ๏Š๏‰๏ˆ ๏‰ช๏‰ฒ๏‹„๏‰๏‹‹๏ˆ ๏Šฉ๏‹€๏Šƒ๏‹‹๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‹†๏‹‹๏‰ฉ๏‰‚๏‰Ž๏Š‘๏ˆ ๏‹…๏‹๏‰จ๏Šป๏‰๏ˆ ๏Š”๏‰‰

๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฆ๏Šด๏‹„๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏‰๏‰Ÿ๏‰Š๏‰’๏‰๏‹‹๏ˆ ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฉ๏‰‚๏І๏‰๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏‹’๏‰Š๏Šณ๏‰๏‰ช๏Šฟ๏ˆ ๏‰ฉ๏‰‚๏‰Ž๏Š‘๏ˆ ๏‰ฅ๏‰ช๏Šฏ๏ˆ ๏‹๏‹ž๏ˆ ๏‹’๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‹ž๏‰๏ˆ ๏ŠŸ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰

๏ˆ  ๏ˆฌ๏ˆœ๏‰‚๏ˆ˜๏‰ƒ๏‰ช๏Šป๏‰๏ˆ ๏‹‚๏‰‚๏Šค๏‹„๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏Šถ๏‹Œ๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šป๏‰†๏‰‰๏ˆ ๏‹Š๏‰ช๏‹๏‹Œ๏‹ฑ๏‰๏ˆ ๏ˆƒ๏ˆ ๏‰ฆ๏Šณ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‹ž๏ˆ ๏‹๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏Š–๏‹‹

๏ˆ ๏‹๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šฉ๏‰Ÿ๏Šณ๏‹Œ๏‰Ž๏‹ƒ๏ˆ ๏‹œ๏ˆ ๏‰‚๏‰Ÿ๏‰Ÿ๏‹„๏‹ƒ๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏ˆ—๏‹๏‰‚๏Šจ๏Š๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹‰๏‰‰๏‰๏‰ฅ๏‰…๏‹‹๏ˆ ๏‹‰๏‹€๏‹Ž๏Šณ๏ˆ ๏‰ผ๏Šจ๏‰‰๏ˆ ๏‰พ๏‰ฉ๏‰‚๏Šจ๏‰Ž๏‰๏ˆ ๏‰“๏‹Ž๏‰™

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‰๏‹๏Šฟ๏‰‚๏Šจ๏Š๏‰๏ˆ ๏‹™๏‰ฅ๏‰‚๏‰Š๏Šฟ๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šฟ๏‰‚๏Š—๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šด๏Šฐ๏‰Ž๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‹ž

๏ˆ ๏ˆฌ๏‹๏Šฟ๏‹๏‰Ÿ๏‰ญ๏‹ข๏‰๏ˆ ๏‹‚๏‰‚๏‰Ÿ๏Šค๏‹„๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šป๏‹ ๏ˆ ๏‹’๏‹€๏‹ˆ๏Šฟ๏‹‹๏ˆ ๏‹’๏Šง๏‹‹๏‰ช๏‰ฒ๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‰ƒ๏ˆ ๏Šฑ๏‹–๏‰‚๏Šฃ๏‹‹๏ˆ ๏‹†๏‰‡๏ˆ ๏‰“๏‹Ž๏‰™๏‹‹

๏ˆ ๏‰๏‹๏Šฟ๏‰‚๏‰Ÿ๏Šจ๏Š๏‰๏ˆ ๏‹™๏‰ฅ๏‰‚๏‰Ÿ๏‰Š๏Šฟ๏ˆ ๏Šฉ๏‰Ÿ๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ญ๏‹ž๏ˆ ๏‹๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏Šต๏‹Ž๏Šฏ๏‹Œ๏‰Ž๏Šป๏ˆ ๏‹’๏‰ญ๏‰ฆ๏‹„๏‹‡๏ˆ ๏‹‘๏‰ฅ๏‰‚๏Šง๏‰‡๏ˆ ๏‹’๏‹Ž๏Šผ๏‹€๏Šง๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฆ๏‰‰๏‹๏Šฏ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰

๏ˆ  ๏ˆฌChapra (1992) ๏ˆ ๏ˆฌKhan (1995) ๏ˆ ๏Šฝ๏‰’๏Šฟ๏ˆ ๏ˆฌ๏Š”๏Šด๏‹พ๏Šผ๏Šจ๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฅ๏‰ฆ๏Šง๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‹’๏‰ฒ๏Šณ๏‰‚๏‹„๏Šฟ๏ˆ ๏‰๏Š—๏ˆ ๏‰ฆ๏Šด๏Šป

๏ˆ ๏Šฉ๏‰Ÿ๏‹€๏Љ๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆธ๏ˆฒ๏ˆฉ๏ˆ ๏‹†๏‰‚๏‹€๏‹Ž๏Šผ๏‰Ÿ๏‰ญ๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆธ๏ˆถ๏ˆฉ๏ˆ ๏‹…๏‰Ÿ๏‹๏‰ฆ๏Šป๏‰๏ˆ ๏‹๏‰Ÿ๏‰Ÿ๏‹Ž๏ŠŠ๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆธ๏ˆณ๏ˆฉ๏ˆ ๏‹๏‹ƒ๏‰‚๏‰ถ๏‹€๏ŠŠ๏‹‹๏ˆ ๏ˆฌKhan (1988)

๏ˆ ๏‹‚๏‰๏‰ฌ๏‰Ÿ๏Šง๏‹‹๏ˆ ๏ˆ Kamali (1996) ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹œ๏‰‡๏ˆ ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‹†๏‹Œ๏‰บ๏Šฏ๏‰ช๏‹๏ˆ ๏‹•๏‹œ๏‹›๏‹‡๏ˆ ๏Šฝ๏Šท๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆธ๏ˆน๏ˆฉ๏ˆ ๏‹๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‹‰๏Šด๏Šฐ๏Šป๏‰

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๏ˆ  ๏ˆณ๏ˆต๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏‹๏‰๏‰‚๏Šง๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‹Ž๏‹€๏Ї๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏‹๏‹Ž๏‰™๏‰ช๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ 

๏ˆ ๏ŠŸ๏ˆ ๏‹‘๏‰ฆ๏‰Ÿ๏‹๏‰ฆ๏‰•๏ˆ ๏‹’๏‰Ÿ๏Šซ๏‰‚๏‹Ž๏‰ต๏ˆ ๏Š•๏‰‡๏ˆ ๏‹†๏‰๏‹Œ๏‰Ÿ๏‰Ÿ๏Šง๏‰ฆ๏‹๏‹‹๏ˆ ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‹†๏‹๏‰Š๏Šด๏‹๏ˆ ๏ˆฌ๏ˆ Kamali (1996) ๏ˆ ๏‹Š๏‰ช๏Šท๏‰ง๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏ˆฌ๏‹‚๏‰๏‰ฌ๏Šง

๏ˆ  ๏ˆฎ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‹ž๏ˆ ๏‹’๏‹Ž๏Šผ๏‹€๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰๏‹•๏‰๏‰ช๏‰•๏‹ข๏‰๏ˆ ๏‹•๏‹Œ๏‰น

๏ˆ  ๏ˆบ๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏‰Œ๏‰‚๏‰Š๏‰ญ๏‹Ÿ๏Šป๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‹•๏‹œ๏‹›๏‹‡๏ˆ ๏‰ผ๏Šฏ๏‰ฉ๏ˆ ๏‰ฆ๏Šณ๏‹‹

๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šฑ๏Šป๏‰‚๏‰Ÿ๏Š‹๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ÿ๏‰๏ˆ ๏ŠŸ๏ˆ short selling๏ˆ ๏ˆจ๏Šฒ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ฒ๏Šธ๏Š๏‰๏ˆฉ๏ˆ ๏ˆ—๏‰ถ๏Šด๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ โ€“๏ˆ ๏‰ƒ

๏ˆ  ๏ˆฎ๏ˆ ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰๏Šณ๏‹‹๏ˆ ๏ŠŸ๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šผ๏Šป๏ˆ ๏‹’๏Šท๏‹Œ๏Šผ๏Šž๏‹‹๏ˆ ๏‹‘๏‰ฅ๏‹Œ๏‰•๏‹Œ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰‚๏Šฏ๏ˆ ๏ˆฌ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏Šฝ๏ŠŠ๏ˆ ๏‰“๏‹Ž๏‰™

๏ˆ ๏‰ซ๏‹Œ๏‰Ÿ๏Š๏ˆ ๏‹๏‰Ÿ๏Šฏ๏ˆ ๏ˆฌ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰ฒ๏Šผ๏Šป๏ˆ ๏‹’๏‰Ÿ๏Šฐ๏Šป๏‰‚๏Š‹๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏Šถ๏‰๏‹Œ๏‰ญ๏‰ƒ๏ˆ ๏ŠŸ๏ˆ reverse trading๏ˆ ๏‹’๏‹Ž๏‰ฎ๏Šธ๏Šจ๏Šป๏‰๏ˆ ๏‹’๏Šป๏‰ฅ๏‰‚๏‰Š๏Š๏‰๏ˆ โ€“๏ˆ ๏‰Œ

๏ˆ  ๏ˆฎ๏ˆ ๏‹‰๏Šธ๏Šผ๏Šฟ๏ˆ ๏ŠŸ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹“๏‰Ž๏‰™๏ˆ ๏‰‚๏‹‡๏‰๏ˆ–๏‰ฑ๏‰๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏Šฉ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‰Š๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹๏ˆ–๏‰ฒ๏‹€๏Šผ๏Šป

๏ˆ ๏Šฉ๏‰Ÿ๏‹Ž๏‰‰๏ˆ ๏ŠŸ๏ˆ ๏Šฝ๏‰Ÿ๏‰Ÿ๏‰ก๏‰ฆ๏‹๏ˆ ๏‰๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏ˆจ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆฉ๏ˆ ๏‹…๏‹€๏‰’๏Š๏‰๏‹‹๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šจ๏‹„๏‹๏ˆ ๏ˆฌ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏ŠŸ๏ˆ โ€“๏ˆ ๏‰˜

๏ˆ  ๏ˆฎ๏ˆ ๏‹‰๏Š™๏‰ช๏Š„๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹•๏‰‚๏‹€๏Šผ๏Šจ๏Šป๏‰๏ˆ ๏Šฉ๏‹€๏Š๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏‹˜๏Šป๏‰‚๏Šธ๏Šป๏‰‚๏‰‰๏ˆ ๏‹˜๏Šป๏‰‚๏Šธ๏Šป๏‰

๏ˆ ๏‹’๏‰Ÿ๏Šด๏Šฏ๏‰๏‹Œ๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Šฟ๏ˆ ๏‰ ๏‰๏ˆ–๏‰Ÿ๏Šณ๏‰๏ˆ ๏‰ช๏‰Ÿ๏‰Ÿ๏‹๏‹Œ๏‹ฑ๏‰๏ˆ ๏‰พ๏‰ช๏Šฌ๏‰‰๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏‰“๏‰™๏‰‚๏‰Š๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰๏‰‚๏‰น๏‰๏ˆ–๏Šง๏‹œ๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏‹…๏Šง๏ˆ ๏‰‹๏‹Ž๏ŠŒ๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป

ุท๏ปฎ๏บค๏บ˜๏ปŸุง ๏ฐฒ ุก๏บŽ๏ปค๏ป ๏ปŒ๏ปŸุง ุกุงุฑุข

๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏‰๏‰ฉ๏‰‚๏‰Ÿ๏‰ต๏‹‹๏ˆ ๏‹’๏‰Ÿ๏Šจ๏Šณ๏‰๏‹‹๏ˆ ๏‹’๏‰Ÿ๏Šด๏‹Ž๏Šด๏‰™๏ˆ ๏‰ฉ๏‰‚๏‰Ÿ๏‰ต๏ˆ ๏‰ฉ๏‰‚๏Šจ๏‰Ÿ๏‰ญ๏‹ž๏‰๏ˆ ๏‰‹๏‰Ÿ๏Šผ๏Šด๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Š•๏‰‡๏ˆ ๏Šฝ๏‰Ÿ๏‰ต๏‹Œ๏‰Ž๏Šป๏‰๏ˆ  ๏ˆƒ๏ˆ ๏ˆฌ๏Šต๏‰‰๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰“๏‰š๏‰Š๏Š๏‰๏ˆ ๏ŠŸ

๏ˆ ๏‰ฆ๏‰ต๏‰‚๏‰Ÿ๏Šด๏Š๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏‰™๏‰ƒ๏ˆ ๏Šพ๏‰‚๏‰Ÿ๏Š๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‹’๏‰Ÿ๏Šค๏Šฏ๏‰‚๏ˆ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏‰Ÿ๏Š–๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹“๏‰Ÿ๏Šด๏‰Š๏‰๏ˆ ๏‹๏‰Ÿ๏Šธ๏Šป๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šพ๏‰‚๏‰Ÿ๏‹€๏Šง๏‹Ÿ๏Šป๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰Ÿ๏‰Ÿ๏Šด๏‰‰๏‰‚๏‰ญ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰Š๏Šผ๏‹ฑ๏‰Ž๏Šฟ๏ˆ ๏‰ช๏‹ฑ๏Šˆ๏‰

๏ˆ ๏‹”๏‰ช๏‰Ÿ๏‰Ÿ๏‹๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏Šช๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฑ๏Šป๏‰‚๏Š‘๏‹‹๏ˆ ๏Šต๏‹ฑ๏‹„๏Š๏‰๏ˆ ๏Šฑ๏Šป๏‰‚๏Š‘๏ˆ ๏‰ช๏Šฟ๏‰ƒ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šพ๏‰‚๏Š๏‰๏ˆ ๏‹’๏‹๏‰‚๏‹€๏Ї๏ˆ ๏ˆ—๏‰‰๏‰๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏‰ง๏‰‚๏Š…๏‰๏ˆ ๏‹‚๏‰ฆ๏Šง๏ˆ ๏‹†๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šง๏‰ช๏‰ฒ๏Šป๏‰

๏ˆ ๏‹†๏‰ˆ๏‰Ÿ๏Šฏ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏ˆ ๏‹“๏‰Ÿ๏‰Ÿ๏Šผ๏Šง๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆด๏ˆฒ๏ˆฐ๏ˆฉ๏ˆ ๏‹†๏‰‚๏‰ฎ๏‰™๏ˆ ๏‹‰๏Šผ๏Šด๏‹ƒ๏ˆ ๏‰‚๏‹€๏‰Š๏‰ฎ๏‰™๏ˆ ๏ˆข๏‹•๏‹๏‰ฒ๏Šป๏‰๏ˆ ๏‰ฏ๏Šฐ๏‹ƒ๏ˆ ๏‹‚๏‰‚๏Šด๏Šฟ๏ˆ ๏‹•๏‹๏‰ฒ๏Šป๏‰๏ˆ ๏‹’๏‹„๏Šค๏Šฟ๏ˆ ๏‹’๏Šฟ๏‰‚๏Šณ๏‰‡๏ˆข๏ˆ ๏ˆ๏‰ฟ๏‰‚๏‰ฒ๏Šป๏‰

๏ˆ  ๏ˆฎcertain risks๏ˆ ๏‹‘๏‰ฆ๏Šท๏‹›๏Š๏‰๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹๏Šธ๏‰™๏ˆ ๏‰จ๏‰ก๏‰„๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šธ๏Š™๏ˆ ๏ˆ near certain risks ๏ˆ ๏‹‘๏‰ฆ๏Šท๏‹›๏Š๏‰๏ˆ ๏‹‰๏‰Š๏‰ฑ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰Ÿ๏‰Ÿ๏‰ข๏Š๏‰

๏ˆ  ๏ˆฎ๏‹†๏‰…๏‰ช๏Šด๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹‚๏‰ช๏ŠŠ๏ˆ ๏‹Œ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏Šพ๏‰‚๏Š๏‰๏ˆ ๏‹’๏Šง๏‰‚๏‰น๏‰‡๏ˆ ๏‰Œ๏‰‚๏‰‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฆ๏Šจ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏Šฝ๏‰’๏Šฟ๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šพ๏‰‚๏Š๏‰๏ˆ ๏‹’๏‹๏‰‚๏Š›๏ˆ ๏‹‚๏‰ฆ๏Šง๏ˆ ๏‹†๏‰‡๏‹‹

๏ˆ ๏‹๏‰จ๏‰Ÿ๏‰Ÿ๏Šป๏‰๏ˆ ๏‰ฉ๏‰ช๏‰บ๏Šป๏‰๏ˆ ๏‰Œ๏‰‚๏‰‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰‚๏‹‡๏‰ฉ๏‰‚๏‰Š๏‰Ž๏Šง๏‰๏ˆ ๏‹…๏Šธ๏‹€๏‹Ž๏Šฏ๏ˆ ๏ˆฌ๏‹‘๏‰ฉ๏‰‚๏‰ญ๏ˆ ๏ˆ—๏Šซ๏‹‹๏ˆ ๏‹’๏‰‰๏‹Œ๏Šซ๏‰ช๏Šฟ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‰”๏‰ฅ๏‰๏‹Œ๏‰™๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‰๏‹ƒ๏‰‚๏Šท๏ˆ ๏‰‚๏Š๏‹‹

๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏‰๏‰จ๏‰Ÿ๏ˆš๏‹‹๏ˆ ๏ˆฎ๏ˆจ๏ˆฑ๏ˆน๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‰Ÿ๏‰Ÿ๏Š๏‰๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šป๏‰ฆ๏Šจ๏Šป๏‰๏ˆ ๏‹‚๏‰‚๏Šธ๏‰™๏‹ž๏‰๏ˆ ๏‹’๏Šผ๏Љ๏ˆฉ๏ˆ ๏ˆข๏Šพ๏‰๏‰ฌ๏‹๏ˆ ๏‰ฉ๏‰ช๏‰บ๏Šป๏‰๏ˆข๏ˆ ๏ˆบ๏‹’๏‹Ž๏Šง๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‹‘๏‰ฆ๏Šง๏‰‚๏Šด๏Šป๏‰๏ˆ ๏‰‹๏‰ฎ๏‰™๏ˆ ๏‹‰๏‰Š๏‹„๏Šƒ๏ˆ ๏‰‹๏Š

๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‰Š๏‹„๏‰–๏‰Ž๏Šป๏ˆ ๏ˆ—๏‰Ÿ๏‰‰๏‰๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‹Ž๏Šš๏ˆ ๏‰จ๏‰Ÿ๏‰ข๏‰Ž๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏Šฝ๏‰Ÿ๏‰‰๏ˆ ๏ˆฌ๏ˆจ๏‰ฉ๏‰๏‰ช๏‰Ÿ๏‰น๏‹ž๏‰๏ˆฉ๏ˆ ๏‰ฉ๏‰‚๏‰Ÿ๏‹ฑ๏‰ก๏‹ž๏‰๏ˆ ๏‹‚๏‰‚๏‰Ÿ๏‰Ÿ๏Šฟ๏‰ƒ๏ˆ ๏‹’๏‹๏‰ฅ๏‰‚๏‹Ž๏‰™๏ˆ ๏‹‘๏‰„๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹œ๏‰ƒ

๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏‹ˆ๏Šด๏Šฐ๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šง๏‰๏‹Œ๏Šด๏Šป๏‰๏ˆ ๏‰‹๏‰Ÿ๏‰ฎ๏‰™๏ˆ ๏ˆฌ๏‰ช๏‰Ÿ๏‹ฑ๏Šˆ๏‰๏ˆ ๏‹‘๏‰ฉ๏‰๏‰ฅ๏‰‡๏ˆ ๏ˆ•๏‰Ÿ๏Šง๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏Šฐ๏‹Ž๏Šฐ๏Š…๏ˆ ๏‰‹๏‰Ÿ๏‰•๏‹‹๏ˆ ๏ˆฌ๏‰‚๏‹‡๏‰ฅ๏‰‚๏Šจ๏‰Š๏‰Ž๏‰Ÿ๏‰ญ๏‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šธ๏Š™๏ˆ ๏ˆ…๏ˆ ๏‰๏‰ง๏‰ˆ๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹‡๏‰ฅ๏‰‚๏Šจ๏‰Š๏‰Ž๏‰ญ๏‰

๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏‹‡๏‰ƒ๏ˆ ๏‰ฉ๏‰‚๏‰Ÿ๏‰Ž๏Š‘๏ˆข๏‹‹๏ˆ ๏ˆฎ๏ˆจ๏ˆฒ๏ˆถ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏‰Ÿ๏Š๏‰๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‰ฆ๏Šจ๏Šป๏‰๏ˆ ๏‹‚๏‰‚๏‰Ÿ๏Šธ๏‰™๏‹ž๏‰๏ˆ ๏‹’๏‰Ÿ๏Šผ๏Љ๏ˆฉ๏ˆ ๏ˆข๏Šฑ๏‰Ÿ๏‰Ÿ๏‰ก๏‹ž๏‰๏ˆ ๏‰ฉ๏‰ช๏‰บ๏Šป๏‰‚๏‰‰๏ˆ ๏Šพ๏‰๏‰ฌ๏‹๏ˆ ๏‰ฆ๏‰ฑ๏‹ž๏‰๏ˆ ๏‰ฉ๏‰ช๏‰บ๏Šป๏‰๏ˆข๏ˆ ๏ˆบ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰

๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‹Ž๏Šป๏‰ฆ๏Šจ๏Šป๏‰๏ˆ ๏‹‚๏‰‚๏‰Ÿ๏‰Ÿ๏Šธ๏‰™๏‹ž๏‰๏ˆ ๏‹’๏Šผ๏Љ๏ˆฉ๏ˆ ๏ˆข๏‹†๏‰‚๏Šธ๏Šฟ๏‹ข๏‰๏ˆ ๏‰ฉ๏‰ฆ๏Šด๏‰‰๏ˆ ๏Šฉ๏Šฏ๏‰ฆ๏‹๏ˆ ๏‰ฉ๏‰ช๏‰บ๏Šป๏‰๏ˆข๏‹‹๏ˆ ๏ˆฎ๏ˆจ๏ˆฒ๏ˆธ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏Š๏‰๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šป๏‰ฆ๏Šจ๏Šป๏‰๏ˆ ๏‹‚๏‰‚๏Šธ๏‰™๏‹ž๏‰๏ˆ ๏‹’๏Šผ๏Љ๏ˆฉ๏ˆ ๏ˆข๏‹…๏‹๏‰ช๏‰ฒ๏Šป๏‰

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๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆณ๏ˆถ

๏ˆ ๏‹’๏‰Ÿ๏Šฟ๏‰ซ๏‹๏Šป๏‰๏ˆ ๏ˆ—๏‰Ÿ๏‰‰๏‰๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏‰ง๏‰‚๏‰Ÿ๏Š…๏‰‚๏‰‰๏ˆ ๏‰๏‰†๏‰Ÿ๏‰ฒ๏‹„๏Š๏‰๏ˆ ๏‹‚๏‰ฌ๏‰Ÿ๏Šผ๏‰๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‹†๏‰„๏‰‰๏ˆ ๏ˆฌ๏‹‚๏‰ฆ๏Šด๏‰๏ˆ ๏‰‚๏Šฟ๏ˆ ๏‹•๏‹Œ๏‰น๏ˆ ๏ŠŸ๏ˆ ๏ˆฌ๏Šพ๏‹Œ๏Šด๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‹„๏Šฏ๏ˆ ๏ˆฎ๏ˆจ๏ˆณ๏ˆฐ๏ˆ ๏‹‘๏‰ฅ๏‰‚๏Š๏‰

๏ˆ ๏‹‚๏‰๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ญ๏‹œ๏ˆ ๏Šพ๏‹‹๏‹ž๏‰๏ˆ ๏‹๏Šง๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏Šฎ๏‹Œ๏‰Ÿ๏‰ฎ๏Š๏‰๏ˆ ๏‹Š๏‰ฉ๏‰‚๏‰Ÿ๏‰Š๏‰Ž๏Šง๏‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šธ๏Š™๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹†๏‰„๏‰‰๏‹‹๏ˆ ๏ˆฌ๏‹’๏‰‰๏‹Œ๏Šซ๏‰ช๏Š๏‰๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‰ช๏‰ฟ๏‰‚๏‰ข๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏‹‹๏ˆ ๏Šพ๏‰‚๏‰•๏‹ ๏‰๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šง

(๏บ”๏ปด๏ปฃ๏ปผ๏บณ๏ปนุง ู„๏บŽ๏บŸ๏ปตุง ุฏ๏ปฎ๏ป˜๏ป‹) ๏บ”๏ปŒ๏ปณ๏บฎ๏บธ๏ป ๏ปŸ ๏ป–๏ป“ุง๏ปฎ๏ณŒุง ุท๏ปฎ๏บค๏บ˜๏ปŸุง ๏บช๏ป˜๏ป‹

๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šผ๏‰’๏Šฟ๏ˆ ๏‹’๏Šจ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏ˆ ๏ˆฌ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰‚๏‰Ÿ๏‰Ÿ๏‰‰๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏‹‹๏ˆ ๏‹•๏‰๏‰ช๏‰ฒ๏Šป๏‰‚๏‰‰๏ˆ ๏‹๏ˆ–๏‰ฒ๏Š๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฆ๏‹ˆ๏Šจ๏‰๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šต๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง

๏ˆ ๏‹๏ˆ–๏‰Ÿ๏‰ฒ๏Š๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏ˆฌ๏Šถ๏‰‚๏Šด๏‰š๏‰Ž๏‰Ÿ๏‰Ÿ๏‰ญ๏‹œ๏‰๏ˆ ๏‰ฆ๏‹„๏Šง๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹‰๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏Šฐ๏‰Ž๏Šฟ๏ˆ ๏‹…๏‹€๏‰’๏‰‰๏ˆ ๏Šฝ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ฅ๏‰ฆ๏ŠŠ๏ˆ ๏‰ฃ๏‹๏‰ฉ๏‰‚๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹‘๏‰ฅ๏‰ฆ๏ŠŠ๏ˆ ๏‹’๏‹Ž๏‹€๏Šธ๏‰‰

๏ˆ ๏ˆฎ๏ˆ ๏‰ฅ๏‰ฆ๏‰Ÿ๏ˆ๏‰๏ˆ ๏‹†๏‰‚๏‰Ÿ๏Šธ๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏ˆจ๏‹’๏Šจ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆฉ๏ˆ ๏Šฝ๏‰Ÿ๏‰Ÿ๏‰ต๏‹ž๏‰๏ˆ ๏‹๏Šผ๏‰ฎ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‰‹๏Š๏‹‹๏ˆ ๏ˆฌ๏‰‚๏‹ง๏‰Ÿ๏Šด๏‰Š๏‰ฎ๏Šฟ๏ˆ ๏‹‰๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏Šฐ๏‰Ž๏Š๏‰๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏ˆ ๏Šฉ๏Šฏ๏‰ฆ๏‹๏ˆ ๏‹†๏‰ƒ

๏ˆ ๏‰‚๏‹€๏‹ˆ๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏‰Ÿ๏Šฐ๏‰Ž๏Š๏‰๏ˆ ๏‹†๏‰‚๏‰Ÿ๏Šธ๏Š๏‰๏‹‹๏ˆ ๏‹†๏‰‚๏‰Ÿ๏Šฟ๏‰ฌ๏Šป๏‰๏ˆ ๏ŠŸ๏‹‹๏ˆ ๏‹‰๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏‰Ÿ๏Šฐ๏‰Ž๏Šฟ๏ˆ ๏‹…๏‰Ÿ๏‹€๏‰’๏‰‰๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏Šฏ๏‹Œ๏‰ต๏‹Œ๏Šฟ๏ˆ ๏Šฉ๏Šผ๏‰ฎ๏Šป๏ˆ ๏Šฝ๏‰•๏‹›๏Šฟ๏ˆ ๏‹•๏‰๏‰ช๏‰ฑ๏ˆ ๏‹Š๏‰ช๏‹‡๏‹Œ๏‰•๏ˆ ๏ŠŸ๏ˆ ๏‹Œ๏‹‡๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏Šผ๏Šป

๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‹ƒ๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‰Œ๏‹Œ๏Šซ๏‰ช๏Š๏‰๏ˆ ๏ˆ—๏Šซ๏‹‹๏ˆ ๏Šฉ๏Šณ๏‹Œ๏‰Ž๏Š๏‰๏ˆ ๏ˆ—๏Šซ๏ˆ ๏ˆ—๏Šฌ๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏Šพ๏‹Œ๏‰ต๏‹ž๏‰๏ˆ ๏‹’๏‹๏‰‚๏Š›๏ˆ ๏‹๏‹‡๏ˆ ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏‹๏‰‚๏Šฌ๏Šป๏‰๏ˆ ๏‹†๏‰‡๏ˆ ๏‰“๏‹Ž๏‰™๏‹‹

๏ˆ  ๏ˆบ๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏Šข๏‹‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‰ช๏Šฏ๏‰๏‹Œ๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฆ๏‰‰๏‹œ

๏ˆ  ๏ˆฎ๏ˆ ๏Šก๏Šด๏Šฏ๏ˆ ๏Šถ๏‰‚๏Šด๏‰š๏‰Ž๏‰ญ๏‹œ๏‰๏ˆ ๏‹…๏Šฟ๏‰ซ๏ˆ ๏ŠŸ๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏Šพ๏‰ฅ๏‰‚๏‰Š๏‰๏ˆ ๏‰‹๏Š๏ˆ โ€“๏ˆ ๏‰ƒ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹๏‹Œ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏‹‚๏‹Œ๏‹๏ˆ ๏ŠŸ๏ˆ ๏‹•๏‰๏‰ฅ๏‹ž๏‰๏ˆ ๏Šต๏‰š๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‹„๏‹๏‰ฅ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏Šช๏‰‚๏Šฐ๏‰Ž๏‹ƒ๏‰๏ˆ ๏Šต๏‰™๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏ˆ โ€“๏ˆ ๏‰Œ

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏‹€๏‹Ž๏Šณ๏ˆ ๏‹œ๏ˆ ๏‹’๏‹Ž๏Šผ๏‰’๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ โ€“๏ˆ ๏‰˜

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹ˆ๏‹Ž๏Šผ๏Šง๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šด๏Šฐ๏‰Ž๏Šฟ๏‹‹๏ˆ ๏‹’๏Šฟ๏‹Œ๏Šผ๏Šจ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‹…๏ˆ„๏ˆ ๏ŠŸ๏ˆ ๏‹‘๏‰ช๏‰‘๏‹›๏Š๏‰๏ˆ ๏‰๏‰‚๏Šฐ๏‰ต๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šฉ๏‹Ž๏Šš๏ˆ โ€“๏ˆ ๏‰ฅ

๏ˆ  ๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹€๏‹ˆ๏‹Ž๏Šผ๏Šง๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šด๏Šฐ๏‰Ž๏Šฟ๏‹‹๏ˆ ๏Š”๏Šฟ๏‹Œ๏Šผ๏Šจ๏Šฟ๏ˆ ๏‰‚๏‹ƒ๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‰‚๏‹ˆ๏‹„๏ˆ„๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏‹€๏Šท๏ˆ โ€“๏ˆ ๏‰Ÿ๏‹‡

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹œ๏‹‹๏ˆ ๏ˆจ๏‹’๏‰Ÿ๏‹Ž๏Šง๏‰๏‰ฉ๏‰ฌ๏Šป๏‰๏ˆ ๏Šฉ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏Šป๏‰‚๏‰™๏ˆ ๏ŠŸ๏ˆฉ๏ˆ ๏‰‚๏ˆš๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰–๏‰Ž๏‹„๏Šฟ๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฉ๏‹–๏‰‚๏‰‰๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹๏‰ฉ๏‹‹๏‰ช๏‰บ๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฏ๏‹Ž๏Šป๏ˆ โ€“๏ˆ ๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šด๏Šฐ๏‰ถ๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‰ฆ๏‹„๏Šง๏ˆ ๏‹‰๏Šป๏ˆ ๏‹’๏Šท๏‹Œ๏Šผ๏Šž๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‹†๏‹Œ๏Šธ๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏Š”๏‹๏‹Œ๏‰‰๏‰ฉ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‰‚๏‹ƒ๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ โ€“๏ˆ ๏‰ซ

๏บ”๏ปŒ๏ปณ๏บฎ๏บธ๏ป ๏ปŸ ๏ป–๏ป“ุง๏ปฎ๏ณŒุง ุท๏ปฎ๏บค๏บ˜๏ปŸุง ๏บช๏ป˜๏ป‹ูˆ ๏ปข๏ป ๏บด๏ปŸุง

๏ˆ ๏ˆฎ๏ˆจVogel and Hayes, 1998๏ˆฉ๏ˆ ๏Šฝ๏‰Ÿ๏‰–๏Šจ๏Šฟ๏ˆ ๏‹…๏‰Ÿ๏‹€๏‰’๏‰‰๏ˆ ๏‹’๏‰Ÿ๏‰Ÿ๏Šฏ๏‹Œ๏‰ต๏‹Œ๏Šฟ๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏ˆ ๏Šฝ๏‰•๏‹›๏Šฟ๏ˆ ๏‹•๏‰๏‰ช๏‰ฑ๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‹๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง

๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฌ๏Љ๏ˆ ๏‹’๏‹๏‰ฉ๏‰‚๏‹€๏‰’๏‰Ž๏‰Ÿ๏‰ญ๏‰๏ˆ ๏‹’๏‰Ÿ๏‰ต๏‰ช๏Šฏ๏ˆ ๏‹๏‰Ÿ๏‹๏‰ฆ๏Šด๏‰๏‹‹๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Ÿ๏‰Š๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‹๏‹Œ๏Š—๏ˆ ๏‹๏‰Ÿ๏‹‡๏ˆ ๏‹๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‰Ÿ๏‹Ž๏‰‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏‹๏‰‚๏Šฌ๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹†๏‹Œ๏Šด๏Šฐ๏‰Ž๏Šฟ๏ˆ ๏‹•๏‰‚๏‹ˆ๏Šด๏Šฐ๏Šป๏‰๏‹‹

๏ˆ ๏Šฝ๏‰Ÿ๏‹Ž๏‰–๏Šจ๏‰๏ˆ ๏‹†๏‹Œ๏‰ฟ๏ˆ–๏‰Ÿ๏‰ฒ๏‹๏ˆ  ๏‹•๏‰‚๏‹ˆ๏Šด๏Šฐ๏Šป๏‰๏ˆ ๏‹๏Šค๏Šจ๏Šฟ๏ˆ ๏‹†๏‰ˆ๏Šฏ๏ˆ ๏‰๏‰จ๏ˆš๏‹‹๏ˆ ๏ˆฎ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆน๏ˆธ๏ˆ ๏ˆฌ๏‹”๏‹‹๏‰‚๏‰Ž๏Šฐ๏Šป๏‰๏ˆ ๏ˆฌ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆน๏ˆฒ๏ˆ ๏ˆฌ๏‹’๏Šฟ๏‰๏‰ฆ๏Šณ๏ˆ ๏‹…๏‰‰๏‰๏ˆฉ๏ˆ ๏‹๏ˆ–๏‰ฒ๏‹€๏Šผ๏Šป

๏ˆ ๏Šพ๏‰‚๏‰Ÿ๏‰•๏‹ ๏‰๏ˆ ๏‰ฅ๏‹Œ๏‰Ÿ๏Šด๏Šง๏‹‹๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ ๏‰œ๏‰Ÿ๏Šผ๏‰ถ๏‹๏ˆ ๏‹œ๏ˆ ๏Šข๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹’๏‰Ÿ๏‰š๏‰ต๏ˆ ๏Šฝ๏‰Ÿ๏‰Ÿ๏‰•๏‰ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹ต๏‹๏Šฟ๏‰‚๏Šท๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰

๏ˆ  ๏ˆบ๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏‰Œ๏‰‚๏‰Š๏‰ญ๏‹Ÿ๏Šป๏ˆ ๏ˆฌ๏‹’๏‹Ž๏Šฟ๏‹๏‰ญ๏‹ข๏‰

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๏ˆ  ๏ˆณ๏ˆท๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏‹๏‰๏‰‚๏Šง๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‹Ž๏‹€๏Ї๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏‹๏‹Ž๏‰™๏‰ช๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ 

๏ˆ ๏ˆฌ๏Šฝ๏‰Ÿ๏‹๏‹Œ๏‹€๏‰Ž๏Šป๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‰ฉ๏‰‚๏‹€๏‰’๏‰Ž๏‰Ÿ๏‰ญ๏‹œ๏‰๏ˆ ๏‹๏‰Ÿ๏‹‡๏ˆ  ๏‰๏‰ฎ๏‹Ž๏Šป๏‹‹๏ˆ ๏ˆฌ๏Šพ๏‹Œ๏‰ต๏‹ž๏‰๏ˆ ๏‹’๏‹€๏‹Ž๏Šณ๏ˆ ๏‹’๏‹๏‰‚๏Š›๏ˆ ๏‹๏‹‡๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹’๏‹๏‰‚๏Šซ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏Š–๏ˆ โ€“๏ˆ ๏‰ƒ

๏ˆ  ๏ˆฎ๏ˆ ๏‰๏‹ง๏‰ฉ๏ˆ•๏Šฟ๏ˆ ๏‰ฏ๏‹Ž๏Šป๏ˆ ๏‹ต๏‹๏Šฟ๏‰‚๏Šท๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏‰–๏Šจ๏‰๏ˆ ๏Šข๏‰ช๏‰ฑ๏ˆ ๏‹†๏‰ˆ๏Šฏ

๏ˆ ๏ˆฌ๏‹๏ˆ–๏‰Ÿ๏‰ฒ๏Š๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šพ๏‹Œ๏‰Ÿ๏‹€๏‰Ž๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏Šซ๏‰ช๏‹๏ˆ ๏‹œ๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏‹‹๏ˆ ๏‰๏‹ง๏‰ช๏‹€๏‰’๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹๏ˆ–๏‰ฒ๏Š๏‰๏ˆ ๏Šฉ๏‹ฑ๏‰Ž๏‰ฎ๏‹๏ˆ ๏ˆ…๏ˆ ๏‰๏‰ง๏‰‡๏ˆ โ€“๏ˆ ๏‰Œ

๏ˆ ๏‹‰๏‰Ÿ๏‹Ž๏Šฏ๏ˆ ๏‹‚๏‰ฌ๏‰Ž๏‰Ÿ๏‰Ÿ๏Šผ๏‹๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏Šพ๏‹๏‰ก๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹‰๏Šด๏‹Ž๏Šด๏Š„๏ˆ ๏‹…๏Šธ๏Š™๏‹‹๏ˆ ๏‹๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏Šพ๏‹๏‰ก๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹‰๏Šด๏‹Ž๏Šด๏Š„๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏‹œ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹†๏‰ˆ๏Šฏ

๏ˆ  ๏ˆฎ๏ˆ ๏Šฝ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ฅ๏‰ฆ๏ŠŠ๏ˆ ๏‰ฃ๏‹๏‰ฉ๏‰‚๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰‚๏‹€๏‹ˆ๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏Šฐ๏‰Ž๏Š๏‰๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏Šพ๏‰ฅ๏‰‚๏‰Š๏‰Ž๏‰‰๏ˆ ๏‹๏ˆ–๏‰ฒ๏Š๏‰๏‹‹๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰

๏บŠ๏ปŸ๏บŽ๏ปœ๏ปŸ๏บŽ๏บ‘ ๏บŠ๏ปŸ๏บŽ๏ปœ๏ปŸุง ๏ปŠ๏ปด๏บ‘ูˆ ๏บ”๏ปŒ๏ปณ๏บฎ๏บธ๏ป ๏ปŸ ๏ป–๏ป“ุง๏ปฎ๏ณŒุง ุท๏ปฎ๏บค๏บ˜๏ปŸุง ๏บช๏ป˜๏ป‹

๏ˆ ๏ˆฌ๏‰‚๏‹ง๏‰Ÿ๏‰Ÿ๏Šจ๏Šฟ๏ˆ ๏‹…๏‰Ÿ๏‹€๏‰’๏Šป๏‰๏‹‹๏ˆ ๏Šฉ๏‰Ÿ๏‹Ž๏‰Š๏Š๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰Ÿ๏‰๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‹Ž๏Šฏ๏ˆ ๏‹๏‰Ž๏‹๏ˆ ๏Šฉ๏‹Ž๏‰‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹Œ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‹…๏‹๏‰ฆ๏Šป๏‰‚๏‰‰๏ˆ ๏‹…๏‹๏‰ฆ๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‰‰๏ˆ ๏‹Œ๏‹‡๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏Šพ๏‰‚๏Šธ๏‰ฑ๏‰ƒ๏ˆ ๏‰ฆ๏‰™๏‰ƒ

๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏‹๏‰ฆ๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‰‰๏ˆ ๏Šพ๏‰‚๏Šธ๏‰ฑ๏‰ƒ๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹‚๏‰ช๏‰Ÿ๏ˆ๏‰๏ˆ ๏‰ฆ๏‹Ž๏‰™๏‹Œ๏Šป๏‰๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‹‰๏‹ƒ๏‰ƒ๏ˆ ๏‹๏‹Ž๏Šด๏Šป๏‰๏ˆ ๏‹…๏‰‰๏‰๏ˆ ๏‹”๏‰ช๏‹๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏ˆข๏‹…๏‹๏‰ฆ๏Šป๏‰‚๏‰‰๏ˆ ๏‹…๏‹๏‰ฆ๏Šป๏‰๏ˆ ๏‹•๏‰๏‰ฆ๏‰Ž๏‰‰๏‰๏ˆข๏ˆ ๏‹’๏‹Ž๏Šธ๏Šป๏‰‚๏Š๏‰๏ˆ ๏‹‰๏‹Ž๏‹€๏‰ฎ๏‹๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏ˆจ๏ˆฎ๏‰๏ˆฎ๏‰ฅ๏ˆ ๏ˆฌ๏‹๏‹Ž๏Šด๏Šป๏‰๏ˆ ๏‹…๏‰‰๏‰๏ˆฉ

๏ˆ ๏‹๏‹ˆ๏‰Ÿ๏‹„๏Šธ๏Šป๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏‰Ÿ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆน๏ˆฒ๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏Šฟ๏‰๏‰ฆ๏Šณ๏ˆ ๏‹…๏‰Ÿ๏‰‰๏‰๏ˆฉ๏ˆ ๏‹…๏‹๏‰ฆ๏Šป๏‰‚๏‰Ÿ๏‰‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏‹๏‰ฆ๏Šป๏‰๏ˆ ๏‹’๏Šฟ๏‰ช๏‰™๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Šช๏‰‚๏Šš๏‹ข๏‰๏ˆ ๏‹•๏‰‚๏‹ˆ๏Šด๏Šฐ๏Šป๏‰๏ˆ ๏‰ผ๏Šจ๏‰‰๏ˆ ๏Šฝ๏Šด๏‹„๏‹๏‹‹

๏ˆ ๏ˆฎ๏ˆ ๏Šช๏‰‚๏‰Ÿ๏Šš๏‹ข๏‰๏ˆ ๏‹”๏‹Œ๏‰Ÿ๏Šง๏‰ฅ๏ˆ ๏Šพ๏‹Œ๏‰Ÿ๏‰Š๏Šณ๏ˆ ๏‰‹๏‰Ÿ๏Šจ๏‰ถ๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šฝ๏‰Ÿ๏Šจ๏Š๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏‹‡๏‰๏‰จ๏Š๏‰๏ˆ ๏Šฒ๏‹๏‰Ž๏‰ก๏‰๏ˆ ๏‹†๏‰‡๏ˆ ๏ˆฎ๏ˆ ๏‹Š๏‰ฉ๏‹Œ๏‰ต๏‹‹๏ˆ ๏‹‰๏Šฐ๏‹๏‰ช๏Šจ๏‰๏ˆ ๏Šพ๏‹Œ๏‰™๏ˆ ๏‹†๏‹Œ๏Šฐ๏Šผ๏‰Ž๏Š‘

๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏ˆ ๏Šต๏‰Ÿ๏Šด๏А๏ˆ ๏‹œ๏ˆ ๏‹…๏‰Ÿ๏‹๏‰ฆ๏Šป๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‹Ž๏‰‰๏‹‹๏ˆ ๏ˆฌ๏Šน๏‰Ÿ๏Šผ๏‹€๏‰Ž๏Šป๏‰๏ˆ ๏‹Œ๏‰Ÿ๏‰Ÿ๏‹‡๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰พ๏‰ช๏Šฌ๏Šป๏‰๏ˆ ๏‹†๏‰„๏‰‰๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏‹’๏Šฟ๏‰ช๏‰™๏ˆ ๏‹๏‹Ž๏Šด๏Šป๏‰๏ˆ ๏‹…๏‰‰๏‰๏ˆ ๏Šฝ๏Šผ๏Šจ๏‹๏‹‹

๏ˆ ๏ˆฌ๏‹”๏‹Œ๏‰Ÿ๏Šง๏‰ฆ๏Šป๏‰๏ˆ ๏‹Š๏‰จ๏‰Ÿ๏‹‡๏ˆ ๏ˆจ๏ˆฑ๏ˆน๏ˆน๏ˆฐ๏ˆ ๏ˆฌ๏‰ช๏‰Ÿ๏‹๏‰ช๏‰บ๏Šป๏‰๏ˆฉ๏ˆ ๏‰ช๏‰Ÿ๏‹๏‰ช๏‰บ๏Šป๏‰๏ˆ ๏‰ผ๏‰Ÿ๏‰Ÿ๏Šฏ๏‰ช๏‹๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฏ๏ˆ ๏‹†๏‹‹๏‰ฆ๏‰‰๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‹’๏Šฟ๏‰จ๏Šป๏ˆ ๏Šฝ๏Šฌ๏‰ฑ๏ˆ ๏‹‰๏‹Ž๏Šฏ๏‹‹๏ˆ ๏‰พ๏‰ช๏Šฌ๏Šป๏‰

๏ˆ ๏ˆฎ๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏‹€๏‰’๏Šผ๏Šป๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šธ๏Šป๏‰‚๏Šฟ๏ˆ ๏‰œ๏‰Š๏‰ถ๏‹๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šผ๏Šป๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šธ๏Šป๏‰‚๏Šฟ๏ˆ ๏‰œ๏‰Š๏‰ถ๏‹๏ˆ ๏‹๏ˆ–๏‰ฒ๏Š๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹œ๏‰‡๏ˆ ๏ˆฌ๏‹†๏‹๏‰•๏‹›๏Šฟ๏ˆ ๏Š”๏Šป๏‰ฆ๏‰Š๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰ฐ๏‰‚๏‰ญ๏‰ƒ๏ˆ ๏‹“๏Šผ๏Šง

๏ˆ ๏Šพ๏‹Œ๏‰Ÿ๏Šด๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‹œ๏‹‹๏ˆ ๏Šฝ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰ฅ๏‰ฆ๏ˆ๏‰๏ˆ ๏‰ฅ๏‰‚๏Šจ๏‹Ž๏Š๏‰๏ˆ ๏Š•๏‰‡๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰๏ˆ ๏Šฝ๏‰•๏‰„๏‰Ž๏‹๏ˆ ๏ˆฌ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ ๏Šน๏Šป๏‰จ๏Šท

๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏Š”๏‰Ÿ๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏Šพ๏‹Œ๏‰Ÿ๏‰ต๏‰ƒ๏ˆ ๏Šฅ๏‰Ÿ๏‰Ÿ๏Šฐ๏‰™๏‹‹๏ˆ ๏‹’๏‹๏‰‚๏Š›๏ˆ ๏Š•๏‰‡๏ˆ ๏Šฒ๏‰ฆ๏‹ˆ๏‹๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹†๏‹ž๏ˆ ๏ˆฌ๏‹‰๏‹–๏‰๏‰ฉ๏‹‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹‘๏‰ฆ๏‹–๏‰‚๏Šฏ๏ˆ ๏‹œ๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏‹†๏‰„๏‰‰

๏ˆ  ๏ˆฎ๏ˆ ๏Šพ๏‰‚๏Š๏‰๏ˆ ๏Šฅ๏Šฐ๏‰™๏ˆ ๏ŠŸ๏ˆ ๏‹’๏‹Ž๏Šง๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‰ฆ๏Šง๏‰๏‹Œ๏Šด๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹๏‰–๏‰ฎ๏‹„๏‹

๏ปž๏ปด๏บŸ๏บ„๏บ˜๏ปŸุง ๏บฎ๏ปณ๏ฑช๏บ—

๏ˆ ๏ŠŸ๏ˆ ๏‹…๏‰Ÿ๏‹€๏‰’๏Šป๏‰๏‹‹๏ˆ ๏Šฉ๏‰Ÿ๏‹Ž๏‰Š๏Š๏‰๏ˆ ๏‹๏‹Ž๏Šผ๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰Ÿ๏‰Ÿ๏‰๏ˆ ๏‹Œ๏‹‡๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏‹‹๏ˆ ๏‹๏‰ฆ๏‹Ž๏Šผ๏Šด๏‰Ž๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏Š”๏‰‰๏ˆ ๏‹๏‰ญ๏‰‚๏‰ญ๏‹ž๏‰๏ˆ ๏Šถ๏‰ช๏Šฐ๏Šป๏‰

๏ˆ  ๏ˆบ๏ˆ ๏‹๏Šผ๏‹๏ˆ ๏‰‚๏Š–๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏‰ช๏‹๏ˆ•๏‰๏ˆ ๏‹…๏Šธ๏Š™๏‹‹๏ˆ ๏ˆฌ๏ˆ—๏‰ก๏‹ž๏‰๏ˆ ๏‰ฆ๏Šด๏Šจ๏Šป๏‰

๏ˆ ๏‰๏‹œ๏‰‚๏‰Ÿ๏‰Ÿ๏‰Ÿ๏Ї๏‰๏ˆ ๏‰ผ๏‰Ÿ๏Šจ๏‰‰๏ˆ ๏ŠŸ๏ˆ ๏‰ช๏‰’๏‰Ÿ๏Šท๏‰ƒ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏‹‚๏‰‚๏‰Ÿ๏‹๏‰ƒ๏ˆ ๏‹’๏‰Ÿ๏‰‘๏‹๏‰‘๏ˆ ๏‹…๏‰Ÿ๏‹€๏‰’๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰Ÿ๏‰๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šธ๏Šป๏‰‚๏Š๏‰๏ˆ ๏‰ซ๏‰‚๏‰Ÿ๏‰•๏‰ƒ๏ˆ ๏ˆฌ๏‹๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ โ€“๏ˆ ๏‰ƒ

๏ˆ  ๏ˆฎ๏ˆ ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆน๏ˆธ๏ˆ ๏ˆฌ๏‰Œ๏‰‚๏‹ฑ๏Ї๏‰๏ˆฉ

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๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆณ๏ˆธ

๏ˆ ๏ŠŸ๏ˆ ๏‰ฉ๏‹Œ๏‰Ÿ๏‰Ÿ๏Šฐ๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹’๏Šจ๏Šฐ๏‹„๏Š๏‰๏ˆ ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰๏ˆ ๏‹†๏‰‚๏Šธ๏Šฟ๏‰‡๏ˆ ๏‹‚๏‰ฆ๏Šง๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹‘๏‰ช๏‰•๏‹ž๏‰๏ˆ ๏Šฉ๏Šฏ๏‰ฅ๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰๏ˆ ๏‰ซ๏‹Œ๏Š๏ˆ ๏ˆฌ๏‹‘๏‰ฉ๏‰‚๏‰•๏‹ข๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ โ€“๏ˆ ๏‰Œ

๏ˆ  ๏‰‚๏‹ˆ๏Šจ๏Šฏ๏‰ฅ๏ˆ ๏Šข๏ˆ–๏‰ฑ๏‰๏ˆ ๏‰๏‰ง๏‰‡๏ˆ ๏‹‘๏‰ช๏‰•๏‹ž๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹๏‹ƒ๏‰‚๏‰ญ๏‰‚๏Šธ๏Šป๏‰๏ˆ ๏‹”๏‰ช๏‹๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏Šจ๏Šฐ๏‹„๏Š๏‰๏‹‹๏ˆ ๏‹‘๏‰ช๏‰•๏‹Ÿ๏Šป๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰๏ˆ ๏Šบ๏‰‚๏‹„๏‹‡๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‰๏‰จ๏‹ˆ๏‰‰๏‹‹๏ˆ ๏ˆฌ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‹•๏‰ฆ๏‰‰

๏ˆฎ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆน๏ˆฑ๏ˆฐ๏ˆ ๏ˆฌ๏‹๏‹ƒ๏‰‚๏‰ญ๏‰‚๏Šธ๏Šป๏‰๏ˆฉ๏ˆ ๏‰๏‹ง๏‰ฌ๏‹–๏‰‚๏‰•๏ˆ ๏Šข๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‹†๏‰‚๏Šท๏ˆ ๏‹‘๏‰ฉ๏‰‚๏‰•๏‹ข๏‰๏ˆ ๏‹‘๏‰ฆ๏Šฟ๏ˆ ๏‹’๏‹๏‰‚๏‹ˆ๏‹ƒ๏ˆ ๏ŠŸ

๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‰Ÿ๏Šจ๏‹Ž๏‹„๏‰ถ๏‰Ž๏‰‰๏ˆ ๏‰ช๏‰Ÿ๏‰ก๏‹ ๏‰๏ˆ ๏Šฒ๏‰ช๏‰Ÿ๏‹ฑ๏Šป๏‰๏ˆ ๏‹‚๏‹Œ๏‰Ÿ๏Šด๏‹๏ˆ ๏ˆž๏‰Ÿ๏‰Ÿ๏Šป๏‰๏ˆ ๏‹‘๏‰ฅ๏‰‚๏Š๏‰๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‰ฆ๏‰™๏‰ƒ๏ˆ ๏‹๏ˆ–๏‰ฒ๏‹๏ˆ ๏ˆฌ๏Šช๏‰‚๏‹„๏‰ถ๏‰Ž๏‰ญ๏‹œ๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ โ€“๏ˆ ๏‰˜

๏ˆ  ๏ˆฎ๏ˆ ๏Š”๏Šป๏‰ฆ๏‰Š๏Šป๏‰๏ˆ ๏‹๏Šท๏ˆ ๏Šฝ๏‰•๏‰„๏‰Ž๏‹๏ˆ ๏‰๏‰จ๏‹ˆ๏‰‰๏‹‹ ๏ˆฌ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏ŠŸ๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰๏ˆ ๏‹’๏‹Ž๏Šฐ๏‹„๏Ї๏‰๏ˆ ๏‰ฌ๏‹Ž๏Š๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏Šฝ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹‰๏‹Ž๏Šป๏‰‡๏ˆ ๏‰‚๏‹ˆ๏‹€๏‹Ž๏Šผ๏‰ฎ๏‰๏‹‹

๏ˆ ๏‰‚๏‹ˆ๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏‰Ÿ๏Šฐ๏‰Ž๏‹๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏ˆ ๏Šข๏‹‹๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏‹€๏‹Ž๏‰๏ˆ ๏‹…๏‰Ÿ๏‰‰๏‰๏ˆ ๏‹”๏‰ช๏‰Ÿ๏‹๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‰Ÿ๏‹๏‰ฆ๏Šณ๏‰‚๏Šจ๏‰Ž๏Šป๏‰๏ˆ ๏Šข๏‹‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‹’๏‹๏‰ช๏‰™๏ˆ ๏Š•๏‰‡๏ˆ ๏‰ฅ๏‰‚๏‹„๏‰Ž๏‰ญ๏‹œ๏‰‚๏‰‰๏ˆ โ€“๏ˆ ๏‰ฅ

๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰Ÿ๏‰๏ˆ ๏Šข๏‰๏ˆ–๏‰Ÿ๏‰ฑ๏‰๏ˆ ๏Š”๏‰Ÿ๏Šฏ๏‰ช๏‹ฑ๏Šผ๏Šป๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏ˆ ๏ˆฌ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‹๏‰Ÿ๏Šฐ๏Šฏ๏ˆ  ๏ˆฎ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆน๏ˆธ๏ˆ ๏ˆฌ๏‹’๏‹Ž๏‹€๏‹Ž๏‰๏ˆ ๏‹…๏‰‰๏‰๏ˆฉ๏ˆ ๏‰‚๏‹€๏ˆš๏ˆ ๏‹’๏Šฟ๏‰ฌ๏Šผ๏Šฟ๏ˆ ๏‹†๏‰‚๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏‹๏‰‚๏Šฌ๏Šป๏‰๏ˆ ๏Šต๏‹Ž๏Šด๏‰š๏‰Ž๏Šป๏ˆ ๏Šต๏‰‰๏‰‚๏‰ญ๏ˆ ๏‰‹๏Šผ๏‹ฑ๏‰Ž๏Šฟ๏ˆ ๏‹‰๏‹ƒ๏‹ž๏ˆ ๏‰œ๏‹Ž๏‰š๏‰ต๏ˆ ๏Šข๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‰๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏Š”๏Šป๏‰ฆ๏‰Š๏Šป๏‰

๏ˆ ๏Šฉ๏‰Ÿ๏‹Ž๏‰‰๏ˆ ๏‹‰๏‰Ÿ๏‹ƒ๏‰ƒ๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‰ฆ๏‰Ÿ๏‰Ÿ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‰๏‰ง๏‰‡๏ˆ ๏‹๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ ๏‹…๏‹€๏‰’๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰๏ˆ ๏Šข๏‰๏ˆ–๏‰ฑ๏‰๏ˆ ๏‰ซ๏‰๏‹Œ๏‰•๏ˆ ๏‹•๏‰‚๏‹ˆ๏Šด๏Šฐ๏Šป๏‰๏ˆ ๏‰ผ๏Šจ๏‰‰๏ˆ ๏‹”๏‰ช๏‹๏ˆ โ€“๏ˆ ๏‰Ÿ๏‹‡

๏ˆ  ๏ˆ ๏ˆฎ๏ˆจ๏ˆฑ๏ˆน๏ˆท๏ˆถ๏ˆ ๏ˆฌ๏‹๏‰ซ๏‰๏ˆ—๏‰ฒ๏Šป๏‰๏ˆฉ

๏ˆ ๏ˆฌ๏Š”๏‰Ÿ๏Šผ๏‰•๏‹›๏Šฟ๏ˆ ๏Š”๏‰Ÿ๏‰Ÿ๏Šป๏‰ฆ๏‰‰๏‹‹๏ˆ ๏Šฝ๏‰•๏‹›๏Šฟ๏ˆ ๏‰ฆ๏‰™๏‰๏‹‹๏ˆ ๏Šพ๏‰ฆ๏‰‰๏ˆ ๏Š”๏‰‰๏ˆ ๏‰ฉ๏‰ช๏Šฌ๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏Šถ๏‰ช๏Šฏ๏ˆ ๏‹œ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆด๏ˆฒ๏ˆฐ๏ˆฉ๏ˆ ๏‹๏‰ช๏‰ถ๏Š๏‰๏ˆ ๏‹”๏‰ช๏‹๏ˆ โ€“๏ˆ ๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šฟ๏‰๏‰ช๏‰™๏ˆ ๏‰ฉ๏‰ช๏Šซ๏ˆ ๏Šฝ๏Šท๏ˆ ๏‰ฏ๏‹Ž๏Šป๏‹‹

๏ˆ ๏‹Œ๏‰Ÿ๏‰‰๏‰ƒ๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏ˆฑ๏ˆน๏ˆน๏ˆน๏ˆ ๏ˆฌ๏‰‚๏‰Ÿ๏Šณ๏‰ฉ๏‰ฌ๏Šป๏‰๏ˆฉ๏ˆ ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆน๏ˆน๏ˆฉ๏ˆ ๏‰‚๏‰Ÿ๏Šณ๏‰ฉ๏‰ฌ๏Šป๏‰๏ˆ ๏‹Š๏‰ซ๏‰‚๏‰Ÿ๏‰•๏‰ƒ๏‹‹๏ˆ ๏ˆฌ๏‹†๏‹œ๏‰ฆ๏‰Ÿ๏‰Š๏Šป๏‰๏ˆ ๏Šฝ๏‰•๏‰„๏‰Ÿ๏‰Ž๏‹๏ˆ ๏‰ฆ๏‰Ÿ๏‰Ÿ๏‹๏‰ฉ๏‹Œ๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ โ€“๏ˆ ๏‰ซ

๏ˆ ๏Šฉ๏‰Ÿ๏‹€๏Љ๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏‰Ÿ๏‰Ÿ๏‹‡๏ˆฑ๏ˆด๏ˆฒ๏ˆฐ๏ˆ ๏ˆฌ๏‹๏‰ช๏‰Ÿ๏‰ถ๏Š๏‰๏ˆฉ๏ˆ ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆน๏ˆน๏ˆฉ๏ˆ ๏‹๏‰ช๏‰Ÿ๏‰ถ๏Š๏‰๏‹‹๏ˆ ๏ˆฌ๏ˆจ๏ˆฑ๏ˆน๏ˆน๏ˆด๏ˆ ๏ˆฌ๏‹†๏‰‚๏‹€๏‹Ž๏Šผ๏‰Ÿ๏‰Ÿ๏‰ญ๏ˆ ๏‹Œ๏‰‰๏‰ƒ๏ˆฉ๏ˆ ๏ˆจ๏‹‚๏ˆฑ๏ˆน๏ˆน๏ˆด๏ˆฉ๏ˆ ๏‹†๏‰‚๏‹€๏‹Ž๏Šผ๏‰ญ

๏ˆ  ๏ˆฎ๏ˆ ๏ˆจ๏ˆฑ๏ˆน๏ˆธ๏ˆน๏ˆ ๏ˆฌ๏‹๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‹‰๏Šด๏Šฐ๏Šป๏‰๏ˆ ๏Šฉ๏‹€๏Љ๏ˆฉ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆด๏ˆฒ๏ˆฐ๏ˆฉ๏ˆ ๏‹๏Šฟ๏‹๏‰ญ๏‹ข๏‰๏ˆ ๏‹‰๏Šด๏Šฐ๏Šป๏‰

๏ˆ ๏‹๏‹Ž๏Šผ๏‰Ÿ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏‹…๏‹๏‰ฆ๏Šณ๏‰‚๏‰Ÿ๏Šจ๏‰Ž๏Š๏‰๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏‹ƒ๏ˆ ๏‰๏‹ƒ๏‰‚๏‰Ÿ๏Šท๏ˆ ๏‰๏‰ง๏‰‡๏ˆ ๏ˆฌ๏Šฉ๏‰Ÿ๏‰Ÿ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏Š”๏Šป๏‰ฆ๏‰Š๏Šป๏‰๏ˆ ๏Šฝ๏‹Ž๏‰•๏‰„๏‰๏ˆ ๏ˆจ๏‹‚๏ˆฒ๏ˆฐ๏ˆฐ๏ˆฐ๏ˆฉ๏ˆ ๏‹๏Šฟ๏‹๏‰ฎ๏Šป๏‰๏ˆ ๏‰ซ๏‰‚๏‰•๏‰ƒ๏ˆ โ€“๏ˆ ๏‰ 

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏‰‰๏‰ฉ๏‰‚๏‰บ๏Š๏‰๏ˆ ๏‰ฏ๏‹Ž๏Šป๏‹‹

(ู๏ปฎ๏บธ๏ปœ๏ณŒุง) ๏ฒ‘๏บผ๏ป˜๏ปŸุง ๏ปŠ๏ปด๏บ’๏ปŸุง ๏ปฐ๏ป ๏ป‹ ุช๏บŽ๏บฟุง๏บฎ๏บ˜๏ป‹ุง

๏ˆ ๏‹†๏‰ˆ๏‰Ÿ๏Šฏ๏ˆ ๏ˆฌ๏‹†๏‹œ๏‰ฆ๏‰Ÿ๏‰Š๏Šป๏‰๏ˆ ๏‹‰๏‰Ÿ๏‹Ž๏Šฏ๏ˆ ๏Šฝ๏‰•๏‰„๏‰Ÿ๏‰Ž๏‹๏ˆ ๏ˆฌ๏Šฝ๏‰Ÿ๏‰•๏‹›๏Šฟ๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ  ๏‹…๏Šง๏ˆ ๏‹‘๏‰ฉ๏‰‚๏‰Š๏Šง๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šต๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‚๏Š–

๏ˆ ๏‹๏‹ƒ๏‰‚๏Šจ๏‹„๏‰ถ๏Šป๏‰๏ˆ ๏‰‹๏‰ฎ๏‰™๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šง๏‰ช๏‰ฑ๏ˆ ๏‰ฌ๏‹–๏‰‚๏‰•๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‹‚๏‰๏‰ช๏‰‰๏‰‡๏ˆ ๏‰๏Šณ๏‹‹๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏ˆ ๏‰‚๏‹ˆ๏Šธ๏Šผ๏Š™๏ˆ ๏‹œ๏‹‹๏ˆ ๏‹‘๏‰ฅ๏‹Œ๏‰•๏‹Œ๏Šฟ๏ˆ ๏‰๏‰ฎ๏‹Ž๏Šป๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰

๏ˆ ๏‹•๏‰‚๏‰Ÿ๏‰บ๏Šฟ๏‰‡๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‰๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ถ๏‹ƒ๏ˆ ๏‹’๏‹Ž๏Šฐ๏‹„๏Ї๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏ˆ—๏Šซ๏ˆ .๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆฑ๏ˆท๏ˆฉ๏ˆ ๏‹‚๏‰‚๏‹€๏ˆš๏‰๏ˆ ๏‹…๏‰‰๏‰๏‹‹๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆถ๏ˆฒ๏ˆฐ๏ˆฉ๏ˆ ๏‹’๏Šฟ๏‰๏‰ฆ๏Šณ๏ˆ ๏‹…๏‰‰๏‰๏‹‹๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆต๏ˆณ๏ˆฉ

๏ˆ  ๏ˆฎ๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏Šฝ๏ŠŠ๏ˆ ๏‹๏‹‡๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šผ๏Šป๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šธ๏Šผ๏Šฟ๏ˆ ๏‰ฏ๏‹Ž๏Šป๏‹‹๏ˆ ๏‹’๏‰š๏‰ถ๏Šป๏‰๏ˆ ๏Šข๏‰ช๏‰ฑ๏ˆ ๏‹๏‹‡๏ˆ ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰

๏ˆ ๏‹•๏‰‚๏‹Ž๏‰Ÿ๏‰ฑ๏‹ž๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‰Ÿ๏‹Ž๏‰‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏Šก๏‰Ÿ๏Šด๏Šฏ๏ˆ ๏Šต๏‰Ÿ๏‰Š๏‹ฑ๏‹„๏‹๏ˆ ๏Šฉ๏‰Ÿ๏‰Ÿ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹’๏‰š๏‰ถ๏Šป๏ˆ ๏‹’๏‹Ž๏Šธ๏Šผ๏Š๏‰๏ˆ ๏Šข๏‰ช๏‰ฑ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹•๏‰‚๏‹ˆ๏Šด๏Šฐ๏Šป๏‰๏ˆ ๏‹๏Šค๏Šจ๏Šฟ๏ˆ ๏‹”๏‰ƒ๏‰ฉ๏ˆ ๏‰ฆ๏Šณ๏‹‹

๏ˆ  ๏ˆฎ๏ˆ ๏‰ช๏‰ก๏‹ ๏‰๏ˆ ๏Šฝ๏ŠŠ๏ˆ ๏‰‚๏‹ˆ๏‹„๏Šฟ๏ˆ ๏Šฝ๏Šท๏ˆ ๏Šฝ๏А๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏Š™๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šผ๏‰’๏Š๏‰๏ˆ ๏‹•๏‰‚๏‹Ž๏‰ฑ๏‹ž๏‰๏ˆ ๏Šฉ๏‹Ž๏‰‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹œ๏ˆ ๏‹’๏‹Ž๏‹€๏‹Ž๏Šด๏Šป๏‰

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๏ˆ  ๏ˆณ๏ˆน๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏‹๏‰๏‰‚๏Šง๏‰‚๏‰ฎ๏Šป๏‰๏ˆ ๏‰ฆ๏‹Ž๏‹€๏Ї๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏‹๏‹Ž๏‰™๏‰ช๏Šป๏‰๏‰ฆ๏‰Š๏Šง๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ 

๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‹„๏Šฟ๏ˆ ๏‰พ๏‰ช๏Šฌ๏Šป๏‰๏ˆ ๏ˆฌ๏Šฉ๏‹Ž๏‰Š๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹’๏‰š๏‰ถ๏Šป๏ˆ ๏Šข๏ˆ–๏‰ฒ๏‹๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šธ๏Šผ๏Š๏‰๏ˆ ๏Šข๏‰ช๏‰ฑ๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Š•๏‰‡๏ˆ ๏ˆ ๏‹๏‰•๏‰‚๏‰Š๏Šป๏‰๏‹‹๏ˆ ๏‹’๏‹Ž๏‹€๏‹Ž๏‰๏ˆ ๏‹…๏‰‰๏‰๏ˆ ๏‰‹๏‹‡๏‰ง๏‹‹

๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šธ๏Šผ๏Š๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‰ฏ๏‰Ÿ๏‰Ÿ๏‹Ž๏Šป๏ˆ ๏‰ฌ๏‹Ž๏Šท๏ˆ–๏Šป๏‰๏ˆ ๏‹†๏‰‡๏ˆ ๏‰“๏‹Ž๏Ё๏ˆ ๏ˆฌ๏‰‚๏‹ˆ๏‹€๏‹Ž๏Šผ๏‰ฎ๏‰๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏ˆ ๏Šฉ๏‹Ž๏‹ฑ๏‰Ž๏‰ฎ๏‹๏ˆ ๏‹œ๏‹‹๏ˆ ๏ˆฌ๏‹‘๏‰ฅ๏‹Œ๏‰•๏‹Œ๏Šฟ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‹’๏Šจ๏Šผ๏‰ญ๏ˆ ๏‹๏‰ƒ๏ˆ ๏Šฉ๏‹Ž๏‰‰๏ˆ ๏‹’๏Šฟ๏‰ช๏‰™

๏ˆ  ๏ˆฎ๏ˆ ๏ˆจ๏‰Ÿ๏‹‡๏ˆฑ๏ˆณ๏ˆน๏ˆธ๏ˆ ๏ˆฌ๏‹‰๏‹Ž๏‹€๏‹Ž๏‰๏ˆ ๏‹…๏‰‰๏‰๏ˆฉ๏ˆ ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹’๏‹Ž๏Šผ๏Šจ๏Šฐ๏Šป๏‰๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Š๏Šป๏‰๏ˆ ๏‹‘๏‰ฉ๏‰ฆ๏Šณ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Šฝ๏‰‰

๏ˆ ๏‰๏‰Ÿ๏Šณ๏‹‹๏ˆ ๏ŠŸ๏ˆ ๏‰‚๏‰Ÿ๏‹‡๏‰ฅ๏‹Œ๏‰•๏‹‹๏ˆ ๏‰œ๏‰Ÿ๏‰•๏‰ช๏‹๏ˆ ๏ˆž๏‰Ÿ๏Šป๏‰๏ˆ ๏Šก๏‰Ÿ๏Šด๏Šฏ๏ˆ ๏‹’๏‰Ÿ๏‹Ž๏Šผ๏‰’๏Š๏‰๏ˆ ๏Šฉ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏Šต๏‰Ÿ๏‹Ž๏‰Š๏‹ฑ๏‰๏ˆ ๏‰‹๏‰Ÿ๏‰Ÿ๏Š๏ˆ ๏‰๏‰จ๏‹‡๏ˆ ๏‹“๏Šผ๏Šง๏‹‹

๏ˆฎ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏Šป๏‰

๏บ”๏ปŒ๏ปณ๏บฎ๏บธ๏ป ๏ปŸ ๏ป–๏ป“ุง๏ปฎ๏ณŒุง ุท๏ปฎ๏บค๏บ˜๏ปŸุง ๏บช๏ป˜๏ป‹ ๏บฎ๏ปณุฐ๏บŽ๏ณ

๏ˆ ๏Šฉ๏‰Ÿ๏Šฟ๏ˆ ๏‹๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Šฟ๏ˆ ๏‰ฅ๏‰‚๏‰Ÿ๏Šจ๏‹Ž๏Šฟ๏ˆ ๏ŠŸ๏ˆ ๏‹’๏Šจ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹๏‹Ž๏Šผ๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏‹‰๏‰Ÿ๏‹Ž๏Šฏ๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏‰ช๏‰Ÿ๏‰ก๏‰…๏ˆ ๏Šฝ๏‰Ÿ๏‰•๏‹›๏Šฟ๏ˆ  ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹๏‰ƒ๏ˆ ๏Šฝ๏‰’๏Šฟ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง

๏ˆ ๏ˆ—๏‰Ÿ๏Šฌ๏‰Ž๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šณ๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏‰ฌ๏Šป๏‰๏ˆ ๏Šฉ๏‰Ÿ๏Šฟ๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Šป๏ˆ ๏Š”๏‰Ÿ๏Šฏ๏‰ช๏‹ฑ๏Šผ๏Šป๏ˆ ๏‹‘๏‰ฆ๏‰Ÿ๏‹Ž๏Šฐ๏Šฟ๏ˆ ๏Šข๏‹‹๏‰ช๏‰Ÿ๏‰ฑ๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏Šถ๏‰‚๏‰Ÿ๏Šฐ๏‰๏‹œ๏‰๏ˆ ๏‹‚๏‹Œ๏‰Ÿ๏Šด๏‹๏‹‹๏ˆ ๏ˆฌ๏‹๏‹Ž๏Šผ๏‰Ÿ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‰‰๏‰‚๏‰Ÿ๏‰Ÿ๏Šด๏Šฟ๏ˆ ๏‰ฅ๏‰๏‰ฆ๏‰ฎ๏Šป๏‰

๏ˆ  ๏ˆบ๏ˆ ๏‹’๏‹Ž๏Šป๏‰‚๏‰Ž๏Šป๏‰๏ˆ ๏‰ช๏‹๏‰ง๏‰‚๏ˆ๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šผ๏Šป๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏‹‹๏ˆ ๏ˆฎ๏Šฒ๏‹‹๏‰ช๏Šค๏Šป๏‰

Credit risks ู„๏ปฎ๏ปœ๏ปจ๏ปŸุง ๏บฎ๏ปƒ๏บŽ๏ณ โ€“ ุฃ

๏ˆ ๏‰‹๏‰Ÿ๏‰ฎ๏‰™๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰จ๏‰Ÿ๏‹Ž๏Šฐ๏‹„๏‰Ž๏Šป๏ˆ ๏‰ช๏‰Ÿ๏‰ก๏‹ ๏‰๏ˆ ๏ŠŸ๏ˆ ๏Š”๏‰Ÿ๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏Šฝ๏‰Ÿ๏Šท๏ˆ ๏Šต๏‰Ÿ๏‰’๏‹๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šต๏‰Ÿ๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ

๏ˆ ๏‰ช๏Šจ๏‰Ÿ๏‰ญ๏ˆ ๏‰ฆ๏‰Ÿ๏‹๏‰ฆ๏‰š๏‰Ž๏Šป cost of carry model ๏ˆ ๏Šฝ๏‰Š๏Šด๏‰Ž๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏Šฝ๏‹€๏Ї๏‰๏ˆ ๏‹’๏Šฐ๏Šผ๏Šธ๏‰๏ˆ ๏‰˜๏‰ง๏‹Œ๏Š˜๏ˆ ๏‹‚๏‰๏‰ฆ๏‰ข๏‰Ž๏‰ญ๏‰๏ˆ ๏‹…๏Šธ๏Š™๏‹‹๏ˆ ๏ˆฎ๏Šถ๏‰‚๏Šฐ๏‰๏‹œ๏‰

๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰Ÿ๏‰ญ๏ˆ ๏‹†๏‰ˆ๏‰Ÿ๏Šฏ๏ˆ ๏ˆฌ๏ˆ—๏‰Ÿ๏Šฌ๏‰Ž๏‹๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹†๏‰‚๏Šท๏ˆ ๏‰‚๏Š๏ˆ ๏‹…๏Šธ๏Šป๏ˆ ๏ˆฎ๏ˆ ๏‹†๏‰‚๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‹‰๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏Šฐ๏‰Ž๏‹๏ˆ ๏‰‚๏‹€๏‰Š๏‰ฎ๏‰™๏ˆ ๏ˆฌ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏‰๏Šณ๏‹‹๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰

๏ˆ ๏‹…๏‰Ÿ๏Šง๏ˆ ๏Šฑ๏‰Ÿ๏Šผ๏‰ข๏‰Ž๏Šป๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏Šฉ๏‹–๏‰‚๏‰Ÿ๏‰Š๏Šป๏‰๏ˆ ๏‰พ๏‰ช๏‰Ÿ๏А๏ˆ ๏‰ฆ๏‰Ÿ๏‰Ÿ๏Šณ๏ˆ ๏‰‚๏Šฟ๏ˆ ๏‰๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‹‰๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏Šฐ๏‰Ž๏Š๏‰๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹“๏Šผ๏Šง๏‰ƒ๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‰ฆ๏Šณ๏ˆ ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏‰๏Šณ๏‹‹

๏ˆ ๏‹†๏‰ˆ๏‰Ÿ๏Šฏ๏ˆ ๏ˆฌ๏‹‰๏‰Ÿ๏‹Ž๏Šผ๏Šง๏ˆ ๏Šต๏‰Ÿ๏Šฐ๏‰Ž๏Š๏‰๏ˆ ๏‰ช๏Šจ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹“๏‰Ÿ๏‹ƒ๏‰ฅ๏‰ƒ๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ญ๏ˆ ๏‹†๏‰‚๏Šท๏ˆ ๏‰๏‰ง๏‰‡๏ˆ ๏Šน๏Šป๏‰จ๏Šท๏ˆ ๏ˆฎ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ ๏‹‰๏Šฟ๏‰๏‰ฌ๏‰Ž๏Šป๏‰‚๏‰‰๏ˆ ๏‹•๏‰‚๏Šฏ๏‹Œ๏Šป๏‰

๏ˆ  ๏‰๏‰จ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹๏‰ฉ๏‹Œ๏Šฐ๏Šป๏‰๏ˆ ๏‰ช๏Šจ๏‰ฎ๏Šป๏‰‚๏‰‰๏ˆ ๏‹’๏‰™๏‹Œ๏‰Ž๏Šฐ๏Š๏‰๏ˆ ๏Šถ๏‹Œ๏‰ฎ๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹’๏Šจ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‹๏ˆ–๏‰ฒ๏‹๏‹‹๏ˆ ๏‹‰๏Šฟ๏‰๏‰ฌ๏‰Ž๏Šป๏‰‚๏‰‰๏ˆ ๏‹•๏‰‚๏Šฏ๏‹Œ๏Šป๏‰๏ˆ ๏‹‚๏‰ฆ๏Šง๏ˆ ๏Š•๏‰‡๏ˆ ๏Šฝ๏‹Ž๏Š™๏ˆ ๏‰ฆ๏Šณ๏ˆ ๏‹๏ˆ–๏‰ฒ๏Š๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ๏ˆ ๏Šพ๏‹Œ๏Šธ๏‹„๏Šป๏‰๏ˆ ๏‰ช๏‹ฑ๏‰ก๏ˆ ๏ˆ—๏‰’๏‹๏ˆ ๏‰‚๏Šฟ

๏ป–๏ป“ุง๏ปฎ๏บ˜๏ปŸุง ุช๏ปผ๏ปœ๏บธ๏ปฃ โ€“ ุจ

๏ˆ  ๏‰ฆ๏‰™๏‰ƒ๏ˆ ๏‹†๏‹ž๏ˆ ๏ˆฌ๏‰‹๏‰ญ๏‰‚๏‹„๏Š๏‰๏ˆ ๏‹๏‰ฉ๏‰‚๏‰–๏‰Ž๏Šป๏‰๏ˆ ๏Šน๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‰ฅ๏‰‚๏Š๏‰‡๏ˆ ๏ŠŸ๏ˆ ๏‹’๏‰‰๏‹Œ๏Šจ๏‰ต๏ˆ ๏Šบ๏‰‚๏‹„๏‹‡๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šต๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏ŠŸ

๏ˆ ๏‰‹๏‰Ÿ๏Šจ๏‰ถ๏Šป๏‰๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏‰Ÿ๏Šธ๏‹๏ˆ ๏‰ฆ๏Šณ๏ˆ ๏‹…๏Šธ๏Šป๏ˆ ๏ˆฌ๏‰ช๏‹ˆ๏‰ฑ๏‰ƒ๏ˆ ๏ˆถ๏ˆ ๏‰ฆ๏Šจ๏‰‰๏ˆ ๏‹๏‹บ๏Šผ๏‰ฎ๏‹ฅ๏‰๏ˆ ๏‰ช๏Šธ๏‰ฎ๏Šป๏‰๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹†๏‰‚๏‹„๏‰ฟ๏‰ƒ๏ˆ ๏ˆฑ๏ˆฐ๏ˆ ๏Šฉ๏‹Ž๏‰‰๏ˆ ๏ŠŸ๏ˆ ๏‹ต๏‹๏‰’๏Šฟ๏ˆ ๏‰‹๏Šซ๏‰ช๏‹๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šผ๏Šฟ๏‰‚๏Šท๏ˆ ๏‹†๏‰‚๏‹„๏‰ฟ๏‰ƒ๏ˆ ๏ˆฑ๏ˆฐ๏ˆ ๏‰Ÿ๏Šป๏ˆ ๏‰ช๏‹ˆ๏‰ฑ๏‰ƒ๏ˆ ๏‹’๏‰Ž๏‰ญ๏ˆ ๏‰ฆ๏Šจ๏‰‰๏ˆ ๏‰ช๏Šธ๏‰ฎ๏Šป๏‰๏ˆ ๏‹๏Šผ๏‰ฎ๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹†๏‹ ๏‰๏ˆ ๏‰ฆ๏Šณ๏‰‚๏Šจ๏‰Ž๏Šป๏‰๏ˆ ๏ŠŸ๏ˆ ๏‰‹๏Šซ๏‰ช๏‹๏ˆ ๏‹…๏Šฟ๏ˆ ๏‰ฅ๏‰‚๏Š๏‰‡

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๏ˆ  ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏Šฉ๏Šฟ๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏‰Ž๏Šฟ๏ˆ ๏‹’๏‰™๏ˆ–๏Šด๏Šฟ๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆ ๏ˆด๏ˆฐ

ุฏ๏ปฎ๏ป˜๏ปŒ๏ปŸุง ๏บ”๏ปด๏ป”๏บผ๏บ— ุช๏ปผ๏ปœ๏บธ๏ปฃ โ€“ ุฌ

๏ˆ ๏ˆ—๏‰Ÿ๏Šซ๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰ฉ๏‰‚๏‰Ÿ๏‰ต๏‹‹๏ˆ ๏Šถ๏‹Œ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏ˆ—๏‰Ÿ๏Šฌ๏‰๏ˆ ๏‰๏‰ง๏‰ˆ๏‰Ÿ๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏Š”๏‰Ÿ๏Šฏ๏‰ช๏‹ฑ๏Šผ๏Šป๏ˆ ๏‹‚๏‰ฌ๏‰Ÿ๏Šผ๏Šฟ๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰Ÿ๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šต๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง

๏ˆ ๏ˆœ๏‰‚๏‰Ÿ๏‰’๏Šฟ๏ˆ ๏ˆ—๏‰Ÿ๏Šซ๏ˆ ๏Šฉ๏‰Ÿ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏‹†๏‰‚๏‰Ÿ๏‰Ÿ๏Šท๏ˆ ๏‹Œ๏Šป๏‹‹๏ˆ ๏‹“๏‰Ž๏‰™๏ˆ ๏ˆฌ๏‹๏‹Ž๏Šผ๏‰ฎ๏‰Ž๏Šป๏‰๏ˆ ๏‹œ๏‰‡๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‹‚๏‰‚๏Šฟ๏‰ƒ๏ˆ ๏‰ฉ๏‰‚๏‹Ž๏‰ก๏ˆ ๏‹œ๏ˆ ๏‹‰๏‹ƒ๏‰ˆ๏Šฏ๏ˆ ๏ˆฌ๏‹‰๏‹€๏‹Ž๏Šผ๏‰ฎ๏‰๏‹‹๏ˆ ๏‹Š๏‰จ๏‹Ž๏Šฐ๏‹„๏‰๏ˆ ๏‰Œ๏‹Œ๏Šซ๏‰ช๏Šฟ

๏ˆ  ๏ˆฎ๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‰ฆ๏‰™๏‹ž

๏ˆ ๏‰ช๏‰Ÿ๏‰Ÿ๏‰Ÿ๏‰ถ๏‰Ž๏Šด๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏Šฉ๏‰Ÿ๏Šณ๏‹Œ๏‰Ž๏‹๏ˆ ๏ˆฌ๏‹’๏Šจ๏‹๏‰ช๏‰Ÿ๏‰ฒ๏Šผ๏Šป๏ˆ ๏Šต๏‰Ÿ๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏‰Ÿ๏Šด๏Šง๏ˆ ๏Šต๏‰Ÿ๏Ё๏ˆ ๏‹Š๏‹๏‰Ÿ๏Šง๏‰ƒ๏ˆ ๏‹‘๏‰ฉ๏‹Œ๏‰Ÿ๏Šท๏‰จ๏Š๏‰๏ˆ ๏‰ช๏‹๏‰ง๏‰‚๏‰Ÿ๏ˆ๏‰๏ˆ ๏‹’๏‰Ÿ๏‰–๏‹Ž๏‰Ž๏‹ƒ๏‹‹

๏ˆ ๏‰๏‰‚๏Šท๏‰ช๏‰Ÿ๏‰ฒ๏Šป๏‰๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏‹‹๏ˆ ๏ˆฌ๏‹‰๏‰Ÿ๏Šฟ๏‰๏‰ฌ๏‰Ž๏Šป๏‰๏ˆ ๏‰จ๏‰Ÿ๏‹Ž๏Šฐ๏‹„๏‰๏ˆ ๏ŠŸ๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‰‰๏ˆ ๏Šต๏‰’๏‹๏‹‹๏ˆ ๏‰ช๏‰ก๏‹ ๏‰๏ˆ ๏‹๏‹ˆ๏‹„๏Šฟ๏ˆ ๏Šฝ๏Šท๏ˆ ๏‹๏Šผ๏Šจ๏‹๏ˆ ๏‹…๏‹๏‰จ๏Šป๏‰๏ˆ ๏Šฒ๏‰๏‰ช๏‰ฟ๏‹ž๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‹‰๏Šฟ๏‰๏‰ฆ๏‰ข๏‰Ž๏‰ญ๏‰

๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰•๏‰‚๏‰™๏‹‹๏ˆ ๏‹‰๏‰Ÿ๏‰Ÿ๏‹„๏Šฟ๏ˆ ๏Šต๏Šด๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏‹ˆ๏‰ฎ๏‹๏ˆ ๏‹๏‹ƒ๏‰‚๏‹€๏‰Ž๏‹–๏‰๏ˆ ๏Šฝ๏‰–๏‰ญ๏ˆ ๏‰‚๏‹ˆ๏‹Ž๏Šฏ๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šผ๏Šป๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏ˆž๏Šป๏‰๏ˆ ๏‹‘๏ˆ—๏‰Š๏Šธ๏Šป๏‰๏ˆ ๏‰๏‰‚๏Šด๏Šฐ๏‰ถ๏Šป๏‰๏ˆ ๏ŠŸ๏‹‹๏ˆ ๏‹‘๏ˆ—๏‰Š๏Šธ๏Šป๏‰

๏ˆ  ๏ˆฎ๏‰‚๏‹ˆ๏‰Ž๏Šฏ๏‰ช๏Šจ๏Šฟ๏ˆ ๏Šฝ๏‹ˆ๏‰ฎ๏‹

๏บ”๏ปŒ๏ปณ๏บฎ๏บธ๏ป ๏ปŸ ๏บ”๏ป˜๏ป“ุง๏ปฎ๏ณŒุง ุช๏บŽ๏ปด๏ป ๏บ’๏ป˜๏บ˜๏บด๏ณŒุง

๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šธ๏Š™๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šฐ๏‹ƒ๏‰…๏ˆ ๏‹’๏‹„๏‹Ž๏‰Š๏Š๏‰๏ˆ ๏‰ช๏‹๏‰ง๏‰‚๏ˆ๏‰๏ˆ ๏‰‹๏‹„๏‰–๏‰Ž๏Šป๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏‰ฅ๏‹Œ๏Šด๏Šง๏ˆ ๏Šฝ๏‹๏‰ฆ๏Šจ๏‰๏ˆ ๏‹…๏Šธ๏Š™

๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏Šธ๏‹๏‹‹๏ˆ ๏ˆฌ๏‹๏‰Ÿ๏Šค๏‹„๏Šฟ๏ˆ ๏‰ฐ๏‰‚๏‰Ÿ๏‰ญ๏‰ƒ๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏ˆ ๏‰‚๏‰Ÿ๏‰Ÿ๏ˆš๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‰ซ๏‹Œ๏Š๏‹‹๏ˆ ๏‰๏‹ง๏‰ฅ๏‹Œ๏Šด๏Šง๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰Ž๏Šป๏‰๏ˆ ๏Šฝ๏ŠŠ๏ˆ ๏Šฉ๏Šผ๏‰ฎ๏Šป๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏Šพ๏‹Œ๏‰ต๏‹ž๏‰๏ˆ ๏‰œ๏‰Š๏‰ถ๏‰๏ˆ ๏‰‚๏Šฟ๏‰ฆ๏‹„๏Šง๏ˆ ๏‹๏‰Ž๏‹

๏ˆ ๏‹’๏‰Ÿ๏‰š๏‰ต๏ˆ ๏‹…๏‰Ÿ๏Šฟ๏ˆ ๏‰ฆ๏Šท๏‰„๏‰Ÿ๏‰Ž๏Šผ๏Šป๏ˆ ๏‹’๏‰Ÿ๏Šฐ๏Šผ๏‰Ž๏‰ข๏Š๏‰๏ˆ ๏‰๏‰‚๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏‰‹๏‹ƒ๏‰‚๏‰Ÿ๏‰•๏ˆ ๏‹…๏‰Ÿ๏‰Ÿ๏Šฟ๏ˆ ๏‹’๏Šฐ๏Šผ๏‰Ž๏Š‹๏ˆ ๏‰๏‰‚๏‹๏‹Œ๏‰Ž๏‰ฎ๏Šฟ๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Š”๏‹€๏Šค๏‹„๏Šฟ๏ˆ ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏‹‹๏ˆ ๏‹’๏Šด๏Šฐ๏‰ถ๏Šป๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‰‚๏‹€๏‹ˆ๏Šฟ๏‰๏‰ฌ๏‰Ž๏Šป๏‰๏‹‹๏ˆ ๏Š”๏Šฏ๏‰ช๏‹ฑ๏Šป๏‰๏ˆ ๏‹’๏‹Ž๏Šณ๏‰๏‰ฆ๏‰ถ๏Šฟ๏ˆ ๏‹’๏‹๏‰‚๏‹€๏Ї๏‹‹๏ˆ ๏‹’๏Šด๏Šฐ๏‰ถ๏Šป๏‰๏ˆ ๏‹’๏Šป๏‰๏‰ฆ๏Šง๏‹‹

๏ˆ ๏‹๏‰จ๏‰Ÿ๏Šป๏‰๏ˆ ๏Šก๏‰Ÿ๏‹ฉ๏‹€๏‹„๏Š๏‰๏ˆ ๏Šข๏‹Œ๏‰Ÿ๏‰Ÿ๏‰š๏‰Ž๏Šป๏‰๏ˆ ๏‰ฆ๏Šด๏Šง๏ˆ ๏‹…๏Šฟ๏ˆ ๏‹•๏‰ฌ๏‰•๏ˆ ๏‹Œ๏‹‡๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏‹๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏‹†๏‰‡

๏ˆ ๏‰ฆ๏‰Ÿ๏‰Ÿ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‹๏‹Œ๏‹ฑ๏‹„๏‹๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‹’๏‹Ž๏Šง๏‰ช๏‰ฒ๏Šป๏‰๏ˆ ๏‰๏‹๏Šฟ๏‰‚๏Šจ๏Š๏‰๏ˆ ๏‹™๏‰ฅ๏‰‚๏‰Š๏Š๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏Šด๏Šฏ๏‰๏‹Œ๏Šฟ๏ˆ ๏‹†๏‹Œ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏Š๏ˆ ๏‰๏‰จ๏ˆš๏ˆ ๏ˆฎ๏ˆ ๏‹’๏Šด๏Šฐ๏‰ถ๏Šป๏‰๏ˆ ๏‹Š๏‰จ๏‹‡๏ˆ ๏ŠŸ๏ˆ ๏Šฝ๏‹€๏Šจ๏‰Ž๏‰ฎ๏‹Ž๏‰ญ

๏ˆ ๏‰ฅ๏‰ฆ๏‰Ÿ๏ŠŠ๏ˆ ๏‹๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏Šฟ๏ˆ ๏‰ฅ๏‰‚๏‰Ÿ๏Šจ๏‹Ž๏Šฟ๏ˆ ๏ŠŸ๏ˆ ๏‹๏Šผ๏‰Ÿ๏‰ฎ๏‰๏ˆ ๏‹’๏Šจ๏Šผ๏‰Ÿ๏‰ญ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏Šฝ๏‰Ÿ๏‰ต๏‰ƒ๏ˆ  ๏‹…๏Šฟ๏ˆ ๏‹’๏Šฟ๏‹Œ๏Šผ๏Šจ๏Šฟ๏ˆ ๏‹’๏‹Ž๏‹€๏Šท๏ˆ ๏‹•๏‰๏‰ช๏‰ฑ๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏Šฉ๏‹Ž๏‰Š๏‰‰๏ˆ ๏‹‚๏‰๏‰ฌ๏‰Ž๏Šป๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏‰ฉ๏‹Œ๏Šท๏‰จ๏Š๏‰

๏ˆ ๏‹…๏‰Ÿ๏Šธ๏Š™๏‹‹๏ˆ ๏ˆฎ๏ˆ ๏‰‚๏‹ง๏Šง๏‰ช๏‰Ÿ๏‰ฑ๏ˆ ๏‰‚๏‰Ÿ๏‹ง๏‰™๏‰‚๏‰Š๏Šฟ๏ˆ ๏‹†๏‹Œ๏‰Ÿ๏Šธ๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏‹’๏Šจ๏Šผ๏‰Ÿ๏‰ฎ๏Šป๏‰๏ˆ ๏‹‹๏‰ƒ๏ˆ ๏Šฝ๏‰Ÿ๏‰ต๏‹ž๏‰๏ˆ ๏‹†๏‰„๏‰Ÿ๏‰‰๏ˆ ๏‰‚๏‹ง๏‰Ÿ๏‰Ÿ๏‰Ÿ๏‹€๏Šผ๏Šง๏ˆ ๏ˆฌ๏‰ฆ๏Šด๏Šจ๏Šป๏‰๏ˆ ๏‰๏Šณ๏‹‹๏ˆ ๏ŠŸ๏ˆ ๏‰ฅ๏‰ฆ๏ŠŠ๏ˆ ๏‹…๏‹€๏‰’๏‰‰

๏ˆ ๏‹๏‰Ÿ๏‰Ÿ๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏Šฉ๏‰Ÿ๏Šฟ๏ˆ ๏Šต๏‰Ÿ๏Šฏ๏‰๏‹Œ๏‰Ž๏‹๏ˆ ๏‹๏‰Ÿ๏Šธ๏Šป๏ˆ ๏‹’๏‰Ÿ๏‹๏‰ฆ๏‹Ž๏Šผ๏Šด๏‰Ž๏Šป๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰Ÿ๏‰ฎ๏‹€๏Šผ๏Šป๏ˆ ๏‹๏‰Ÿ๏‰ฎ๏‰ญ๏‹›๏Š๏‰๏ˆ ๏Šฉ๏‰Ÿ๏‰น๏‹Œ๏Šป๏‰๏ˆ ๏Šฝ๏‰Ÿ๏‹๏‰ฆ๏Šจ๏‰๏‹‹๏ˆ ๏‹‚๏‰๏‰ฆ๏‰ข๏‰Ž๏‰Ÿ๏‰ญ๏‰

๏ˆ  ๏ˆฎ๏ˆ ๏‹’๏Šจ๏‹๏‰ช๏‰ฒ๏Šผ๏Šป๏ˆ ๏‹’๏Šด๏Šฏ๏‰๏‹Œ๏Š๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏‹€๏Šผ๏Šป

๏บ”๏ปด๏ปฃ๏ปผ๏บณ๏ปนุง ุช๏บŽ๏ปด๏ป ๏บ’๏ป˜๏บ˜๏บด๏ปค๏ป ๏ปŸ ๏บ”๏ปฃุฒ๏ปผ๏ปŸุง ุช๏บŽ๏บด๏บณ๏บ†๏ณŒุง

๏ˆ ๏‹’๏‰Ÿ๏Šด๏‹๏‰ช๏‰ฟ๏ˆ ๏‰ฏ๏‰Ÿ๏Šฐ๏‹„๏‰‰๏ˆ ๏‹‰๏‰Ÿ๏‹€๏‹Ž๏Šค๏‹„๏‰๏ˆ ๏‹๏‰Ÿ๏‰Ž๏‹๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‰‹๏‰Ÿ๏Š๏ˆ ๏‹’๏‹Ž๏Šฟ๏‹๏‰Ÿ๏‰Ÿ๏‰ญ๏‹ข๏‰๏ˆ ๏‰๏‰‚๏‹Ž๏Šผ๏‰Š๏Šด๏‰Ž๏‰ฎ๏Š๏‰๏ˆ ๏Šพ๏‹‹๏‰๏‰ฆ๏‰๏ˆ ๏‹‰๏‹Ž๏Šฏ๏ˆ ๏‹๏‰Ž๏‹๏ˆ ๏‹๏‰จ๏Šป๏‰๏ˆ ๏Šต๏Šฐ๏‰ถ๏Š๏‰๏ˆ ๏‹†๏‰‡

๏ˆ ๏‰‚๏‰Ÿ๏Šฟ๏ˆ ๏‰๏‰จ๏‰Ÿ๏‹‡๏‹‹๏ˆ ๏ˆฌ๏‹•๏‰‚๏‰Ÿ๏‰Ÿ๏‰บ๏Šง๏‹ž๏‰๏ˆ ๏Š”๏‰‰๏ˆ ๏Šฝ๏Šธ๏‰ฒ๏‰Ž๏‰๏ˆ ๏‹’๏‹Ž๏Ё๏‰ฉ๏ˆ ๏ˆ—๏Šซ๏ˆ ๏‹’๏‹Ž๏Šง๏‹Œ๏‰ฟ๏ˆ ๏‹’๏‹Ž๏Šจ๏Šš๏ˆ ๏‹†๏‹ฌ๏‹Œ๏Šธ๏‰๏ˆ ๏‹†๏‰ƒ๏ˆ ๏‹…๏Šธ๏‹€๏‹Ž๏Šฏ๏ˆ ๏ˆฎ๏ˆ ๏‹๏‰ฆ๏‹Ž๏Šผ๏Šด๏‰Ž๏Šป๏‰๏ˆ ๏Šต๏Šฐ๏‰ถ๏Š๏‰๏ˆ ๏‹๏‹Ž๏Šค๏‹„๏‰

๏ˆ ๏‹“๏‰Ÿ๏Šผ๏Šง๏‹‹๏ˆ ๏ˆฌChambers and Carter (1990)๏ˆ ๏‰‹๏‰Ÿ๏‰ฎ๏‰™๏ˆ ๏ˆฌ๏‹’๏‰Ÿ๏‹Ž๏‹ƒ๏‹‹๏‰‚๏Šจ๏‰๏ˆ ๏‹‘๏‰ฉ๏‹Œ๏‰Ÿ๏‰Ÿ๏‰ถ๏‰‰๏ˆ ๏‰๏‰‚๏‰–๏‰Ž๏‹„๏Š๏‰๏ˆ ๏Šพ๏‰ฅ๏‰‚๏‰Š๏‰๏ˆ ๏‹“๏Šผ๏Šง๏ˆ ๏Šฉ๏‰–๏‰ฒ๏‹Ž๏‰ญ

๏ˆ  ๏ˆฎ๏ˆ ๏‰๏‰‚๏‰–๏‰Ž๏‹„๏Š๏‰๏ˆ ๏‹Š๏‰จ๏ˆš๏ˆ ๏‹’๏‹ฑ๏‰ญ๏‹Œ๏‰Ž๏Š๏‰๏ˆ ๏‹’๏Šฐ๏Šผ๏Šธ๏‰Ž๏Šป๏‰๏ˆ ๏‰ผ๏‹Ž๏Šฐ๏Š…

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