08

2017 8 3 [ ] 13 1973.07 1963.09 1956.07 1967.10 1957.01 1962.06 1964.09 1969.09 1956.01 1962.07 1973.12 1956.10 1974.07 1. 11 1963.09 1973.12 1964.09 1967.10 1974.03 1969.06 1956.10 1975.05 1970.12 1968.08 1956.07 2. 7 1973.07 1957.01 1962.06 1965.07 1967.08 1956.01 1969.09 1970.10 1974.07 [ ] 17 1961.10 1960.02 1969.10 1962.11 1962.03 1956.08 1964.03 1967.02 1963.03 1959.11 1963.01 4-6

1962.04 1965.09 1965.11 1968.12 1957.11 1973.02 1. 15 1961.10 1962.03 1962.11 1975.12 1972.06 1967.10 1964.03 1967.02 1953.10 1963.08 1962.06 1957.03 1962.09 1962.09 1956.08 2. 9 1969.08 1965.11 1973.02 1968.12 1955.09 1957.11 1965.12 1961.03 1964.01 3. 11 1959.11 1963.03 1972.07 1960.02 1968.06 1968.07 1976.09 1975.03 1968.08 1965.09 1969.03 a. 15 1961.10 1962.03 1962.11 1975.12 1972.06 1967.10 4-7

1964.03 1967.02 1953.10 1963.08 1962.06 1957.03 1962.09 1962.09 1956.08 [ ] 15 1959.08 1961.03 1964.08 1970.09 1973.02 1961.11 1975.03 1962.05 1971.09 1968.08 1970.05 1961.07 1976.03 1963.09 1969.07 1. 11 1962.05 1968.08 1966.02 1959.08 1973.02 1961.11 1975.03 1970.09 1971.09 1961.03 1970.05 2. 7 1964.08 1963.09 1969.07 1963.11 1964.07 1962.03 1975.06 a. 8 1959.08 1961.03 1973.02 1970.09 1956.09 4-8

1968.08 1962.05 1975.03 [ ] 13 1973.08 1968.11 1965.11 1958.03 1960.09 1959.08 1961.04 1972.03 1960.05 1966.01 1968.02 1955.01 1968.12 1. 13 1960.09 1955.01 1965.11 1974.12 1959.08 1966.01 1968.02 1969.07 1973.08 1968.11 1968.12 1960.05 1964.10 a. 11 1963.05 1961.04 1963.01 1979.01 1969.07 1965.11 1968.11 1971.07 1968.12 1969.09 1964.09 b. 9 1968.02 1963.05 1974.07 1969.11 1958.10 1955.01 1960.05 1964.09 4-9

1969.09 [ ] 7 1961.09 1965.10 1963.06 1968.10 1964.12 1966.02 1967.09 1. 14 1968.10 1964.12 1962.12 1963.10 1962.05 1954.04 1963.05 1965.05 1963.05 1966.02 1962.11 1965.12 1962.09 1979.01 2. 12 1966.02 1963.11 1966.12 1965.11 1977.09 1967.05 1969.11 1977.02 1957.06 1980.09 1966.01 1963.03 3. 11 1965.10 1967.09 1964.09 1961.02 1962.03 1957.11 1979.02 1953.09 1962.10 1964.11 1973.02 1974.02 4-10

4. 6 1963.06 1942.10 1966.12 1977.04 1982.12 1980.05 a. 11 1965.10 1962.03 1964.09 1961.02 1957.11 1979.02 1953.09 1962.10 1964.11 1973.02 1974.02 b. 6 1963.06 1942.10 1966.12 1977.04 1982.12 1980.05 [ ] 10 1966.12 1966.05 1969.11 1969.12 1966.12 1971.02 1971.01 1961.01 1969.07 1961.12 1. 8 1971.01 1961.01 1966.12 1969.11 1963.02 1959.10 1972.04 1974.08 2. 8 1966.05 1969.12 4-11

1974.12 1964.09 1966.12 1964.08 1959.10 1974.12 [ ] 11 1971.06 1961.12 1966.02 1969.09 1978.12 1973.04 1971.08 1961.02 1964.07 1964.08 1957.07 1. 9 1966.02 1972.06 1972.02 1975.07 1984.04 1976.11 1980.12 1979.07 1969.09 2. 9 1978.05 1971.08 1967.01 1980.03 1970.08 1969.12 1972.09 1966.03 1971.02 [ ] 22 1933.06 1961.08 1965.02 1962.09 1958.11 1972.03 1969.09 1968.04 1955.12 1964.05 1969.10 4-12

1954.08 1965.06 1982.09 1965.01 1965.07 1971.08 1978.10 1966.09 1955.03 1960.08 / 1974.12 1. 15 1933.06 1958.11 1965.02 1972.03 1961.08 1954.08 1960.01 1966.09 1955.03 1966.01 1965.07 1961.12 1965.01 1965.06 1982.09 2. 14 1962.09 1955.12 1969.09 1961.08 1969.02 1971.08 1963.07 1968.04 1971.01 1963.10 1973.09 / 1974.12 1978.10 1969.10 a. 21 1965.02 1958.11 1969.09 1965.07 1974.12 1961.08 / 1954.08 1965.01 1965.06 4-13

1975 07 1962.09 1955.12 1963 06 1971.08 1963.07 1968.11 1968.04 1969.10 1963.12 1951.08 1966.02 b. 13 1960.01 1972.07 1963.08 1953.07 1961.08 1960.08 1952.10 1968.06 1964.06 1971.02 1970.12 1958.10 1970.10 [ ] 17 1966.05 1969.11 1963.10 1966.12 1961.04 1969.04 1967.09 1961.05 1965.11 1974.09 1966.09 1981.03 1980.11 1981.06 1956.09 1975.09 1965.08 1. 17 1966.05 1961.04 1969.04 1956.09 1963.02 1961.05 1975.09 4-14

1966.12 1965.08 1966.09 1967.09 1981.03 1980.11 1974.09 1963.10 1965.11 1981.06 a. 17 1966.05 1961.04 1969.04 1956.09 1963.02 1961.05 1975.09 1966.12 1965.08 1966.09 1967.09 1981.03 1980.11 1974.09 1963.10 1965.11 1981.06 [ ] 15 1966.01 1964.04 1976.01 1961.09 1965.03 1958.08 1965.12 1963.06 1962.05 1947.08 1971.07 1967.06 1964.07 1973.03 1965.05 1. 9 1964.07 1963.12 1955.10 1972.05 1977.12 1961.06 1964.10 4-15

1971.10 1970.10 2. 9 1965.03 1965.01 1964.06 1962.03 1958.08 1974.06 1964.06 1964.06 1973.01 3. 10 1947.08 1966.01 1961.09 1974.01 1975.09 1958.08 1967.06 1961.07 1961.05 1966.11 4. 13 1962.05 1964.04 1964.09 1971.07 1958.10 1951.05 1965.12 1969.11 1963.06 1966.10 1964.01 1965.05 1964.11 5. 6 1938.12 1965.05 1976.01 1960.09 1964.11 1963.11 1964.04 a. 9 1964.07 1963.12 4-16

1955.10 1972.05 1977.12 1961.06 1964.10 1971.10 1970.10 b. 9 1965.03 1965.01 1964.06 1962.03 1958.08 1974.06 1964.06 1964.06 1973.01 c. 9 1947.08 1966.01 1961.09 1974.01 1975.09 1967.06 1961.07 1961.05 1966.11 d. 13 1962.05 1964.04 1964.09 1971.07 1958.10 1951.05 1965.12 1969.11 1963.06 1966.10 1964.01 1965.05 1964.11 e. 6 1938.12 1976.01 1960.09 1964.11 1963.11 1964.04 f. 13 4-17

1962.05 1966.01 1963.06 1967.06 1965.03 1964.04 1964.07 1963.12 1965.01 1964.06 1974.01 1971.07 1976.01 [ ] 22 1964.10 1965.09 1968.03 1960.10 1960.08 1964.04 1951.04 1959.11 1963.09 1952.02 1957.08 1957.06 1957.04 1957.06 1962.01 1964.05 1966.08 1966.12 1973.10 1963.08 1967.10 1968.11 1. 14 1959.11 1964.10 1964.05 1968.11 1960.10 1963.09 1951.04 1957.08 1957.06 1973.10 1961.09 1963.11 1971.08 1967.10 2. 15 4-18

1957.06 1964.04 1966.08 1970.12 1960.08 1962.01 1952.02 1963.08 1956.07 1962.04 1963.02 1968.03 1971.11 1970.11 1968.11 3. 11 1957.04 1968.09 1966.12 1967.10 1961.07 1953.01 1963.08 1964.01 1964.11 1967.12 1970.11 a. 13 1964.05 1963.09 1968.11 1971.08 1960.10 1951.04 1959.11 1957.06 1957.08 1963.11 1963.10 1954.11 1961.09 b. 14 1966.08 1963.09 1970.12 1970.11 1960.08 1962.01 1952.02 1957.06 1963.08 1956.07 4-19

1962.04 1963.02 1964.04 1968.03 c. 11 1966.12 1963.09 1967.10 1961.07 1957.04 1953.01 1963.08 1964.01 1964.11 1968.09 1967.12 [ ] 19 1972.05 1957.04 1971.02 1963.07 1955.01 1962.10 1958.06 1965.05 1973.10 1973.09 1968.02 1969.11 1963.11 1978.11 1957.08 1962.07 1963.04 1962.09 1960.03 1. 19 1972.05 1962.10 1973.10 1963.07 1957.04 1955.01 1965.05 1968.02 1969.11 1963.11 1978.11 1962.07 1957.08 1954.09 1963.04 4-20

1955.12 1962.09 2. 5 1962.09 1964.07 1966.03 1964.09 1960.11 3. 9 1963.04 1961.01 1973.04 1964.10 1965.09 1972.09 1964.10 1969.12 1976.10 4. 11 1971.02 1964.12 1962.11 1963.10 1960.03 1960.11 1963.09 1973.02 1959.04 1982.12 1983.02 a. 15 1972.05 1962.10 1973.10 1965.09 1955.01 1963.07 1965.05 1968.02 1969.11 1963.11 1962.07 1957.08 1954.09 1978.11 1964.05 b. 5 1962.09 1964.07 1966.03 4-21

1964.09 1960.11 c. 11 1971.02 1964.12 1962.11 1963.10 1960.03 1960.11 1963.09 1973.02 1959.04 1982.12 1983.02 d. 9 1963.04 1961.01 1973.04 1964.10 1965.09 1972.09 1964.10 1969.12 1976.10 e. 19 1972.05 1957.04 1971.02 1963.07 1955.01 1962.10 1958.06 1965.05 1973.10 1973.09 1968.02 1969.11 1963.11 1978.11 1957.08 1962.07 1963.04 1962.09 1960.03 [ ] 15 1957.02 1963.01 1962.12 1966.11 1961.06 1962.12 4-22

1959.09 1964.04 1963.04 1953.11 1958.09 1976.01 1973.12 1961.08 1966.03 1. 14 1953.11 1957.02 1963.01 1962.12 1966.11 1961.06 1961.08 1963.04 1959.09 1964.04 1976.01 1973.12 1958.09 1966.03 a. 7 1963.04 1961.06 1966.11 1976.01 1973.12 1964.04 1957.10 [ ] 17 1962.11 1964.01 1980.02 1963.05 1955.07 1962.09 1962.10 1964.07 1956.04 1965.06 1958.12 1962.12 1961.07 1968.09 1976.11 1974.01 1978.09 4-23

1. 16 1962.11 1964.01 1980.02 1963.05 1963.07 1955.07 1964.07 1962.10 1969.08 1963.07 1962.12 1958.12 1968.09 1974.01 1982.09 1981.11 a. 12 1964.01 1965.06 1962.09 1962.10 1962.11 1959.10 1963.12 1962.02 1955.08 1968.08 1974.01 1956.04 [ ] 24 1964.10 1965.10 1963.04 1970.03 1968.07 1962.10 1965.11 1968.02 1956.11 1964.11 1961.05 1964.09 1969.09 1965.03 1959.03 1957.04 1958.12 1956.05 1965.01 1964.07 1973.11 1966.10 4-24

1975.12 1982.05 1. 17 1969.09 1968.07 1970.03 1976.02 1981.07 1964.07 1974.06 1965.01 1973.11 1976.02 1972.03 1979.08 1980.11 1976.12 1973.09 1980.09 1983.02 2. 21 1974.08 1954.01 1966.11 1964.07 1982.05 1962.05 1967.01 1964.01 1962.10 1959.03 1962.02 1965.03 1982.01 1958.12 1965.11 1961.04 1957.04 1965.03 1975.12 1965.10 1964.11 3. 19 1975.12 1967.01 1962.10 1957.04 1975.12 1963.09 1982.05 1963.02 1966.11 4-25

1978.10 1959.03 1962.02 1982.01 1957.09 1958.12 1974.08 1965.03 1965.10 1984.01 4. 19 1965.10 1956.11 1965.11 1968.02 1964.11 1964.10 1953.01 1964.01 1959.03 1969.05 1974.03 1964.07 1961.05 1972.03 1960.08 1970.03 1964.09 1975.12 1962.09 5. 11 1963.04 1966.10 1967.09 1971.03 1963.09 1956.01 1965.05 1969.07 1974.10 1975.03 1980.09 a. 17 1969.09 1968.07 1970.03 1964.07 1973.11 1970.10 1977.02 1968.01 1965.01 4-26

1974.06 1976.02 1972.03 1979.08 1980.11 1976.12 1975.11 1973.09 b. 11 1957.04 1967.09 1963.01 1978.12 1971.05 1978.03 1965.11 1978.10 1982.05 1981.10 1960.08 c. 19 1965.10 1956.11 1965.11 1968.02 1964.11 1964.10 1953.01 1964.01 1959.03 1969.05 1974.03 1964.07 1961.05 1972.03 1960.08 1970.03 1964.09 1975.12 1962.09 d. 11 1963.04 1966.10 1967.09 1971.03 1963.09 1956.01 1965.05 1969 07 1974.10 1975.03 1980 09 4-27

e. 13 1959.03 1957.10 1968.12 1968.01 1970.05 1968.10 1972.03 1978.05 1965.08 1961.12 1968.01 1974.04 1980.06 [ ] 14 1962.05 1967.04 1971.01 1953.10 1957.07 1959.02 1965.12 1962.08 1973.10 1967.01 1964.05 1961.11 1966.02 1968.08 1. 8 1957.07 1955.05 1959.11 1963.06 1965.12 1965.12 1969.07 1971.01 2. 11 1962.05 1961.04 1957.03 1967.01 1960.02 1971.07 1969.05 1964.05 1966.02 1967.04 4-28

1966.11 3. 11 1959.02 1962.07 1963.07 1952.10 1951.10 1962.11 1964.11 1973.10 1952.03 1961.11 1965.10 4. 7 1953.10 1954.08 1962.08 1964.10 1972.02 1968.10 1953.03 a. 14 1971.01 1967.04 1962.05 1963.07 1969.11 1962.05 1957.07 1971.12 1966.03 UBS 1960.08 1975.02 1964.12 1979.01 1963.10 b. 14 1967.04 1969.05 1971.12 1963.07 1969.11 1962.05 1966.02 1962.10 1957.03 1964.05 1967.01 1975.12 1960.08 1959.07 4-29

c. 12 1967.04 1966.02 1971.12 1963.07 1969.11 1962.05 1962.10 1964.05 1967.01 1957.03 1969.05 1975.12 d. 12 1967.04 1962.05 1971.12 1963.07 1969.11 1966.02 1962.10 1964.05 1967.01 1957.03 1969.05 1975.12 e. MBA 14 1962.05 1967.04 1959.02 1957.07 1963.07 1969.11 1952.10 1952.03 1961.04 1961.11 1971.01 1973.10 1966.02 1962.04 f. EMBA 12 1962.05 1965.07 1964.08 1963.08 1961.04 1963.07 1967.04 1971.01 4-30

1957.07 1964.11 1961.11 1959.02 g. 12 1967.04 1962.05 1968.10 1963.07 1969.11 1962.08 1954.08 1953.10 1961.04 1975.12 1948.08 1972.02 h. 11 1967.04 1973.10 1963.07 1969.11 1962.05 1971.01 1959.02 1951.10 1971.12 1978.02 1961.09 i. 12 1967.04 1964.05 1971.12 1963.07 1969.11 1962.05 1962.10 1966.02 1957.03 1967.01 1969.05 1975.12 [ ] 13 1960.08 1974.03 1976.07 1962.02 1953.10 1972.09 1955.03 1959.06 4-31

1973.04 1971.05 1963.10 1954.09 1962.12 1. 11 1974.03 1972.09 1976.07 1962.02 1953.10 1955.03 1959.06 1973.04 1971.05 1963.10 1970.12 2. 7 1976.07 1962.12 1972.05 1973.04 1959.01 1962.07 1983.09 a. 14 1960.08 1974.03 1976.07 1956.07 1962.02 1972.09 1953.10 1955.03 1971.05 1963.10 1974.02 1972.10 1957.10 1956.02 b. 7 1962.02 1972.09 1954.10 1976.07 1969.04 1970.02 1971.08 [ ] 22 4-32

1955.12 1963.07 1962.05 1965.02 1963.06 1966.05 1964.07 1965.03 1966.01 1976.01 1963.04 1962.09 1971.02 1965.10 1963.04 1963.04 1964.01 1960.01 1957.04 1962.02 1969.09 1967.04 4-33