(www.esnai.com) 2004 ( ) 1 1214 2004 57,078 1 57,078 120,000 120,000 260,666 10,441 CPA CPA 2004 39380 3872 2 2004 7.52 3 4 5 6 7...2...2...3 /...4...5...5 04 7.52% 2004...5...6...6...7...10...11...12...14...14...15...16 :...17 2004 1 17 2005-5-24 13:16:00
(www.esnai.com) 1 (www.esnai.com) (www.e521.com) 1 11 3 1 1490 1214 CPA 1 2 [1999]34 5% = n+1 /2 n n n 5% 3 178 5000 39 46 7 3 4 3 276 4.47 ( 8) 1188 97.86% / 751 61.86% 04 590 48.60% 485 39.95% 446 36.74% 398 32.78% 2004 2 17 2005-5-24 13:16:00
(www.esnai.com) 351 28.91% / 295 24.30% 191 15.73% / 190 15.65% 185 15.24% 177 14.58% / 174 14.33% 100% 500 / 1214 9 1041 85.75% 932 76.77% 688 56.67% 520 42.83% 355 29.24% 203 16.72% 146 12.03% 99 8.15% 2 (482 ) 45,206 33,000 30,000 190,542 9,725 (687 ) 61,214 48,000 30,000 263,706 11,671 22.59 (45 ) 123,392 80,000 80,000 543,333 25,000 21.73 12 2 19.59 2004 3 17 2005-5-24 13:16:00
(www.esnai.com) ( 3) 45,206 33,000 30,000 190,542 9,725 16,008 15,000 0 73,164 1,946 35.41% 45.45% 0.00% 38.40% 20.01% 78,186 47,000 50,000 352,791 15,275 172.95% 142.42% 166.67% 185.15% 157.07% 20 / 1.45 193 1.73 4 (930 ) 63,170 45,000 30,000 292,609 12,752 22.95 (343 ) 65,219 50,000 50,000 248,824 13,176 18.88 (359 ) 65,871 50,000 50,000 307,778 13,178 23.36 (64 ) 58,156 50,000 50,000 186,667 17,667 10.57 (41 ) 68,585 55,000 50,000 220,000 18,500 11.89 (29 ) 77,310 50,000 50,000 285,000 15,000 19.00 (172 ) 35,139 25,600 30,000 118,889 7,400 16.07 29 2 5 2.5 5 470 57428 40000 30000 286304 12035 23.79 25 31500 30000 30000 60000 8500 7.06 41 38117 35000 50000 95000 11000 8.64 2004 4 17 2005-5-24 13:16:00
(www.esnai.com) ( 6) 25 (164 ) 42,516 30,000 30,000 163,750 9,838 16.64 26-30(436 ) 52,333 40,000 30,000 202,164 10,409 19.42 31-35(408 ) 58,717 40,000 30,000 271,500 12,350 21.98 36-40(133 ) 74,342 50,000 60,000 408,571 8,786 46.50 41 (73 ) 77,523 60,000 60,000 270,000 12,100 22.31 40 40 1 ( 7) (862 ) 61,220 45,000 30,000 292,558 11,088 26.39 (354 ) 46,935 35,000 30,000 170,556 9,506 17.94 14,285 10,000 0 122,002 1,582 30.44% 28.57% 0.00% 71.53% 16.64% 71.53% 04 7.52% 2004 1214 1101 2004 2004 2003 7.52% 10 40% 71 6.45% 30% 52 4.72% 20% 139 12.62% 10% 210 19.07% 5% 134 12.17% 350 31.79% 5% 53 4.81% 2004 5 17 2005-5-24 13:16:00
(www.esnai.com) 10% 44 4.00% 20% 48 4.36% 50 2004 50 2 5 2 20 4 ( 11) ( 69,132 50,000 30,000 281,765 16,487 17.09 )(778 ) ( 46,536 35,000 30,000 212,692 9,574 22.22 )(335 ) / 130,269 100,000 100,000 386,667 60,000 6.44 (58 ) / (43 ) 55,186 40,000 30,000 247,500 11,000 22.50 6 1.51 12 (136 ) 95,043 60,000 60,000 422,857 10,429 40.55 / 55,634 40,000 (979 ) 30,000 248,694 10,980 22.65 (329 ) 50,648 40,000 30,000 213,125 11,094 19.21 (184 ) 55,263 40,000 30,000 239,444 10,533 22.73 (129 ) 66,003 50,000 50,000 298,333 10,633 28.06 (75 ) 42,981 33,000 45,000 152,500 12,000 12.71 816 13 (68 ) 98,553 60,000 100,000 543,333 9,000 60.37 2004 6 17 2005-5-24 13:16:00
(www.esnai.com) / 55,031 40,000 30,000 243,167 10,513 23.13 (605 ) (66 ) 44,341 40,000 30,000 135,000 9,833 13.73 (49 ) 45,980 40,000 30,000 160,000 9,000 17.78 (15 ) 64,267 40,000 40,000 300,000 10,000 30.00 (13 ) 37,462 26,000 N/A 100,000 12,000 8.33 N/A 50 14 187 68,612 50000 30000 322222 16222 19.86 129 72,967 60000 60000 260000 18333 14.18 120 66,405 40000 30000 363333 9833 36.95 94 40,918 31000 30000 117000 13040 8.97 87 60,166 50000 80000 185000 17400 10.63 78 104,567 77500 60000 407500 16850 24.18 61 28,311 21000 20000 86667 9000 9.63 57 42,179 30000 30000 146667 10333 14.19 10 2004 2005 5 CPA 2004 7 17 2005-5-24 13:16:00
(www.esnai.com) ( 15 ) 45 41,333 33 30,848 31 62,419 28 60,004 26 45,388 26 45,762 23 44,330 21 34,571 20 56,950 19 33,053 18 34,556 18 23,194 17 31,412 15 28,427 14 64,214 11 30,545 9 45,800 8 60,750 7 75,214 7 47,571 3 45,000 2 105,000 16 (61 ) 38296 30000 30000 130000 5500 23.64 (182 ) 61557 50000 60000 240556 10300 23.35 (457 ) 63583 45000 30000 301739 12270 24.59 (214 ) 67738 50000 30000 313636 15136 20.72 (146 ) 39803 26000 20000 198571 10143 19.58 (50 ) 32468 30000 30000 93333 7333 12.73 (104 ) 45821 37000 20000 147000 9720 15.12 17 2004 8 17 2005-5-24 13:16:00
(www.esnai.com) (240 ) 79,374 60,000 60,000 318,333 15,617 20.38 53,907 40,000 30,000 226,200 11,060 20.45 (591 ) (299 ) 49,658 30,000 30,000 297,500 8,887 33.48 (84 ) 42,105 31,000 30,000 148,750 10,500 14.17 (297500) ( 18) 2004 9 17 2005-5-24 13:16:00
(www.esnai.com) ( 21) / 110 108,595 70,000 30,000 435,000 18,600 23.39 273 74,575 55,000 80,000 349,286 13,014 26.84 484 51,242 42,000 50,000 174,067 11,967 14.55 347 35,123 30,000 30,000 117,353 8,594 13.66 / 96 109,890 70,000 30,000 462,000 18,600 24.84 211 76,967 51,000 50,000 373,636 12,927 28.90 342 52,749 45,000 50,000 185,329 11,647 15.91 213 37,287 30,000 30,000 121,364 9,591 12.65 / 14 99,714 82,500 200,000 62 66,435 60,000 60,000 256,667 15,000 17.11 142 47,611 40,000 40,000 146,714 12,743 11.51 134 31,683 24,000 20,000 104,286 7,800 13.37 / 10.21% 15.85% 45.57% -13.82% 10.79% 26.32% -8.60% 2004 10 17 2005-5-24 13:16:00
(www.esnai.com) 17.69% 16.38% 22.96% 2 4 / 30000 41.6 ( 22) 1 288 36,038 30,000 30,000 129,643 9,129 14.2 2-3 323 44,794 38,000 30,000 146,750 10,500 13.98 3-5 288 55,854 50,000 60,000 193,543 10,993 17.61 6-9 215 78,249 60,000 50,000 290,909 13,273 21.92 10 100 110,860 65,000 60,000 544,000 16,200 33.58 23 1 138 32,532 26,500 30,000 95,000 9,000 10.56 2-3 165 46,957 40,000 30,000 153,750 9,250 16.62 3-5 184 45,449 40,000 30,000 142,000 9,578 14.83 6-9 254 60,089 46,500 30,000 244,200 12,692 19.24 10 473 69,726 50,000 30,000 331,667 12,604 26.31 / / 24 2004 11 17 2005-5-24 13:16:00
(www.esnai.com) 3.3 4.12 25 ( ( ) ) / / 3.24 3.26 4.12 3.37 3.29 69.54% 65.67% 65.52% 39.53% 67.22% ( ) 44.73% 62.99% 65.52% 48.84% 50.91% 48.46% 52.24% 65.52% 55.81% 50.58% 54.37% 45.97% 34.48% 37.21% 50.49% 52.96% 30.15% 10.34% 32.56% 43.90% 19.54% 21.19% 63.79% 48.84% 23.15% 14.52% 23.58% 58.62% 20.93% 19.36% 12.72% 15.52% 32.76% 30.23% 15.07% 7.07% 8.96% 15.52% 23.26% 8.57% 778 335 58 43 1214 ( ) ( ) 2004 12 17 2005-5-24 13:16:00
(www.esnai.com) ( ) ( 26) / 3.16 3.13 3.36 3.36 3.29 76.36% 68.13% 71.07% 58.21% 67.22% ( ) 48.18% 47.99% 52.69% 51.59% 50.91% 46.36% 44.69% 46.07% 62.82% 50.58% 57.27% 55.68% 54.96% 38.04% 50.49% 50.00% 45.05% 48.14% 35.16% 43.90% 10.91% 19.78% 25.41% 26.51% 23.15% 10.91% 11.36% 17.98% 30.26% 19.36% 7.27% 9.52% 13.84% 23.63% 15.07% 9.09% 10.99% 6.20% 9.80% 8.57% 110 273 484 347 1214 ( ) ( ) ( ) 2004 13 17 2005-5-24 13:16:00
(www.esnai.com) 1.89 27 ( ) ) / / 1.98 1.76 1.74 1.56 1.89 82.52% 77.01% 93.10% 81.40% 81.47% 47.17% 28.36% 17.24% 16.28% 39.46% CPA 28.53% 51.04% 46.55% 18.60% 35.26% 25.06% 11.04% 13.79% 25.58% 20.68% 14.52% 8.66% 3.45% 13.95% 12.36% 778 335 58 43 1214 CPA / 17.13 0.99 74.46 ( 28): 682 56.18% 222 18.29% 196 16.14% 102 8.40% 12 0.99% 1 40 2.2 51.11 2 (76.42%) (73.86%) (51.11%) ( 29) 2004 14 17 2005-5-24 13:16:00
(www.esnai.com) 54.36% 58.52% 40.00% 56.18% 19.50% 17.90% 11.11% 18.29% 15.35% 15.14% 40.00% 16.14% 9.75% 7.57% 6.67% 8.40% 1.04% 0.87% 2.22% 0.99% 26-30 ( 78.44 ) ( 13.99%) (41 ) ( 30) 25 26-30 31-35 36-40 41 57.32% 58.72% 55.64% 55.64% 42.47% 56.18% 15.24% 19.72% 19.36% 16.54% 13.70% 18.29% 19.51% 13.07% 14.95% 17.29% 31.51% 16.14% 7.32% 7.57% 9.07% 9.77% 9.59% 8.40% 0.61% 0.92% 0.98% 0.75% 2.74% 0.99% /72.56% 78.44% 75.00% 72.18% 56.16% 74.46% / 20.12% 13.99% 15.93% 18.05% 34.25% 17.31% 1214 1000 1.74 31 63.70% 40.00% 35.30% 34.80% 1000 32 / 61.64% 67.70% 60.21% 61.36% 36.99% 41.63% 45.33% 30.91% 35.62% 34.69% 34.60% 37.27% 30.14% 33.49% 37.37% 35.45% 2004 15 17 2005-5-24 13:16:00
(www.esnai.com) 73 418 289 220 1000 33 ( ( / / ) ) 39.39% 76.67% 62.40% 68.21% 30.30% 13.33% 43.53% 35.71% 36.36% 26.67% 35.77% 35.00% 33.33% 13.33% 34.09% 38.93% 33 30 657 280 78.5 35 42.26% 36.24% 19.85% 1.65% 36 ( ( / ) ) 41.52% 41.79% 50.00% 48.84% 42.26% 37.28% 36.12% 24.14% 34.88% 36.24% 20.05% 20.30% 18.97% 13.95% 19.85% 1.16% 1.79% 6.90% 2.33% 1.65% 1.31 ( 34) 52.72% 43.00% 2004 16 17 2005-5-24 13:16:00
(www.esnai.com) 21.00% 11.29% 3.46% 21 11.29% 3.46 : 1 ycy@snai.edu 021-69768000-9071 2 3 2004 17 17 2005-5-24 13:16:00