! "! !"#$%&'()*+ !! #$%$&&'()(&!$*+%)(',$&!$&-$%').& !"#$%&'(&)&'(* /012$&&103 M.Mercedes Vicent Garcia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• 5?)6$83!.R$?)6$8!*$!.R!)&&'78)(+0)!)(107)!+8!V^_!*$!.)! <+).'2'%)%'>!2'8).=! '!'8($70)!<J$&('18&!*$!('-+&!1;$0(!'N1!*R$.$%%'>!*$!0$&-1&()!6E.('-.$@! • O%(','()(&! -0F%('<+$&! '! *R)-.'%)%'>! $8! *1&! &+;)-)0()(&@! 5&()! -)0(! )(107)! +8! T^_!)!.)!<+).'2'%)%'>!2'8).3! o W8!(0$;)..!'8*','*+).!1!+8!(0$;)..!*$!70+-!`4^_a@! o O%(','()(&!*R)+.)!'!)&&'&(B8%')!`4^_a@! /$0!)! )-01,)0! .R)&&'78)(+0)! .R$&(+*')8(!C)+0F!*R)-01,)0!()8(! .R$?)6$8! %16!$.& &+;)-)0()(&!*$!.)!-)0(!-0F%('%)@! !*1&! ! ,)(",.'.! ! <*=2*"743.*3,1%,4%.%4'()*3,=>+*)3! ! O'8&%1b=! c@! `4^^"a@! +,$-##.//.% 0,% /-$% ,$1",/-$% 231/"$24-$5% 60,-$7% 8#.8",$9-$% :% ,;8,#2,312-$%8-#-%<,=.#-#%/-$%23$929"12.3,$%,$1./-#,$5%c)*0'*3!#)0%$)@! O0%1! d@D@! M! e$08f8*$L=! O@! `%110*&@a! `4^^Ta@! >-3"-/% 0,% ,4-/"-12?3% ,% 239,#4,312?3% 8$21./?@21-%,3%3,1,$20-0,$%,0"1-924-$%,$8,12-/,$@!!c)*0'*3!c%g0)bhi'..@! O08)'L=!/@!`4^^Pa@!A0"1-12?3%231/"$24-B%"3-%,$1",/-%8-#-%9.0.$5!cf.)7)3!O.9';$@! H16A8$%C=!Q@!`4^^Ta@!>-3"-/%8-#-%/-%,0"1-12?3%,$8,12-/B%,/%8#.1,$.%0,$0,%/-%9.<-%0,% 0,12$2.3,$% C-$9-% /-% 8",$9-% ,3% 8#D1921-% ,3% 63E-392/7% F#2<-#2-% :% G,1"30-#2-@! c)*0'*3!QQj! e10($&=! ck@! Q@l! e$00$0=! O@!c@! M! g'.=! ck@! H@! `%110*&a! `"]]Va@! H-$,$% 8$21./?@21-$% 0,% /-% A0"1-12?3%A$8,12-/5%I$8,19.$%9,?#21.$%:%8#D1921.$@!m).$8%')3!/0161.';01@!! g0)+! [+;'1=! Q@! `%110*@a! `4^^Ua@! A0"1-12?3% A$8,12-/B% J#2,39-12.3,$% 8#D1921-$5! cf.)7)3! O.9';$@! g0)+! [+;'1=! Q@! M! g'.! D.)0'1=! ck@H@! `%110*&@a! `4^"4a@! 639,#4,312?3% 8$21.,0"1-924-% ,3% 3,1,$20-0,$%,$8,1KE21-$%0,%-8.:.%,0"1-924.5!c)*0'*3!/$)0&18@! i$b)0*=!n@! D@! `4^^"a@!L2M.$%,;1,812.3-/,$B%N3-% 239#.0"112?3%-% /-% A0"1-12?3%A$8,12-/@! c)*0'*3!/0$8('%$!i)..@! ! ! ! V! <*=2*"743.*3,1%,4%.%4'()*38,1%,$4".0(1*&?3)*@! ! O.%)8(+*=! e@! `4^^Pa@! 639,#4,312?3% 8$21.,0"1-924-% ,3% 32M.$% 1.3% 9#-$9.#3.$% @,3,#-/2O-0.$%0,/% 0,$-##.//.@!c)*0'*3!/'0f6'*$@! o)&'.=!Q@=!j101hQ)6)(&=!5@!M![1&$..=!Q@!`"]]\a@!j'&($6)&!*$!&'781&!M!)M+*)&!(A%8'%)&!-)0)!.)! %16+8'%)%'>8! M! .)! $&%0'(+0)@! /0'8%'-'1&! ($>0'%1&! M! )-.'%)%'18$&@! o)0%$.18)3! c)&&18@! HG)LhO7+)*1=! c@d@! M! o)0)9)@! O@! `"]]Pa@! 639,#-112?3% ,0"1-924-% :% 0,$4,39-=-% $.12.) 1"/9"#-/@! c)*0'*!QSH5Nc5Q@!5*'(10').!W8',$0&'()0'1@! g0)+! [+;'1=! Q@! `"]]\a@! A0"1-12?3% ,$8,12-/B% +,% /-% 239,@#-12?3% ,$1./-#% -% /-% ,$1",/-% 231/"$24-5%m).$8%')3!/0161.';01@! g0)+! [+;'1=! Q@! `%110*@a! `4^^Va@! A0"1-12?3% :% P,9#-$.% <,39-/B% J#2,39-12.3,$% 8#D1921-$5! cf.)7)3!O.9';$@! d+f0$L=! O@! M! c18210(=! c@! `4^^"a@! I/@.% Q",% 0,12#5% R-12-% /-% -0Q"2$212?3% 0,/% /,3@"-=,B% >-3"-/% 0,% .#2,39-12?3% 8-#-% /.$% 8-0#,$% 0,% 32M.$% 1.3% $.#0,#-7% 0,% '% -% S% -M.$@! c)*0'*3!58(C)!5*'%'18$&@! p)L*'8=!O@!5@!M!o+$.)hQ)&).=!g@!`"]]Ta@!!.30"19-%-392$.12-/@!c)*0'*3!/'0f6'*$@! D+<+$=! H@d@! M! [16$01=! d@e@! `4^^4a@! T#-$9.#3.$% 0,/% 0,$-##.//.% :% -0-89-12?3% 1"##21"/-#@! cf.)7)3!O.9';$! O01%)&=! 5@=! j)6-$0=! S@! M! c)0(G8$L=! /@! `"]]Ta@! U-% #,$8",$9-% ,0"1-924-% -% /.$% -/"<3.$% $"8,#0.9-0.$%:V.%1.3%9-/,39.$%,$8,1KE21.$@!m).$8%')3!g$8$0).'()(!m).$8%')8)@! c'0)8*)=! O@=! e10($&=! Q@! M! g'.=! c@H@! `"]]\a@! +2E21"/9-0,$% 0,/% -8#,302O-=,% 0,% /-$% <-9,<D921-$@!cf.)7)3!O.9';$@! c'0)8*)=! O@=! m'*).hO;)0%)=! 5@=! M! j10')81=! c@! `4^^^a@! A4-/"-12?3% ,% 239,#4,312?3% 8$21.,0"1-924-% ,3%02E21"/9-0,$%0,%-8#,302O-=,@!c)*0'*3!/'0f6'*$@! c'0)8*)=! O@l! /0$&$8()%'>8=! c@d@l! g)07)..1=! o@l! j10')81=! c@l! g'.=! c@H@! M! d)0<+$=! j@! `"]]]a@! T+IR5%639,#4,312?3%,3%,/%-"/-@!Q)&($..>83!W8',$0&'()(!d)+6$!S@!! c18(>8=! c@d@! `4^^Pa=! U-% 239,@#-12?3% 0,/% -/"<3.% 23<2@#-39,% ,3% ,/% 1,39#.% ,$1./-#B% .#2,39-12.3,$7%8#.8",$9-$%:%,;8,#2,312-$@!o)0%$.18)3!g0)1@! /0'$(1=! c@! H@! `"]]Xa@! 60,392E21-12?37% ,4-/"-12?3% :% -9,312?3% -% /-% 024,#$20-0% 0,/% $"8,#0.9-0.@! cf.)7)3 ! O.9';$@! [1&)=!O@!M!K%C)G()=!5@!`"]]Pa@!F$21./.@K-%0,%/-%1,@",#-@!c)*0'*3!O.')8L)@! jf8%C$L=!5@!`"]]\a@!!.<8#,3$2?3%:%#,0-112?3%0,%9,;9.$@!o)0%$.18)3!5*$;A@! jf8%C$L=! d@! `4^^Ta@! I9,312?3% ,0"1-924-% -/% -/"<3-0.% 1.3% 8-#D/2$2$% 1,#,W#-/@! cf.)7)3! O.9';$! j)&(0$=! g@! M! c10$81=! c@! `4^^4a@! P,$./"12?3% 0,% 1.3E/219.$% :% -8#,302O-=,% ,<.12.3-/@! o)0%$.18)3!g$*'&)@! q+&($=!Q@!`"]]Ta@!U.$%8#.@#-<-$%0,%<,=.#-%0,%/-%239,/2@,312-@!c)*0'*3!Q5/5@ ! !