*($SSOLDQFHVFRP
)RUD6SDQLVKYHUVLRQ
RIWKLVPDQXDO
YLVLWRXU:HEVLWHDW
*($SSOLDQFHVFRP
3DUDFRQVXOWDUXQD
YHUVLRQHQHVSDxRO
GHHVWHPDQXDOGH
LQVWUXFFLRQHVYLVLWH
QXHVWURVLWLRGHLQWHUQHW
*($SSOLDQFHVFRP
,Q&DQDGDFRQWDFWXVDW
ZZZ*($SSOLDQFHVFD
6DIHW,QVWUXFWLRQV
2SHUDWLQJ,QVWUXFWLRQV
&ORFNDQG7LPHU
2YHQ
%DNLQJDQG5RDVWLQJ
%URLOLQJ%URLOLQJ*XLGH
2YHQ&RQWURO
3RZHU2XWDJH
3UHKHDWLQJ
6DEEDWK)HDWXUH
6HOI&OHDQLQJ
6KHOYHV
6SHFLDO)HDWXUHV
6WHDP&OHDQ
7KHUPRVWDW$GMXVWPHQW
7LPHG%DNLQJ
DQG5RDVWLQJ
6XUIDFH&RRNLQJ
:DUPLQJ'UDZHU
&DUHDQG&OHDQLQJ
$OXPLQXP)RLO
%XUQHU$VVHPEO
%XUQHU*UDWHV
&RRNWRS
'RRU5HPRYDO
'UDZHU
2YHQ%RWWRP
2YHQ/LJKW5HSODFHPHQW
2YHQ9HQWV
5DFNV
6HOI&OHDQLQJ
6WDLQOHVV6WHHO6XUIDFHV
,QVWDOODWLRQ
,QVWUXFWLRQV
$LU$GMXVWPHQW
$QWL7LS'HYLFH
$VVHPEOH6XUIDFH%XUQHUV
&KHFNLQJ%XUQHU
,JQLWLRQ
&RQQHFWLQJWKH5DQJH
WR*DV
'LPHQVLRQVDQG
&OHDUDQFHV
(OHFWULFDO&RQQHFWLRQV
/HYHOLQJWKH5DQJH
/3
7URXEOHVKRRWLQJ
7LSV
$FFHVVRULHV
&RQVXPHU6XSSRUW
&RQVXPHU6XSSRUW %DFN&RYHU
:DUUDQWIRU&XVWRPHUV
LQ&DQDGD
:DUUDQWIRU&XVWRPHUV
LQWKH86$
2ZQHUV0DQXDO
,QVWDOODWLRQ
,QVWUXFWLRQV
6WDQGDUG&OHDQ
6HOI&OHDQ
:ULWHWKHPRGHODQGVHULDO
QXPEHUVKHUH
0RGHO BBBBBBBBBBBBBBBBBBBB
6HULDOBBBBBBBBBBBBBBBBBBBBB
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