Nasdaq Monografia

INDICE INTRODUCCIÓN.....................................................................................................................2 1. DEFINICIÓN DEFINICIÓN DE NASDAQ:... NASDAQ:........ .......... .......... .......... ......... ......... .......... .......... .......... .......... .......... .......... .............. .................. ................... ............3 ..3 2. HISTORIA HISTORIA DE NASDAQ:... NASDAQ:........ .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ............... ..............3 ....3 2.1 NASDAQ ACTUALMENTE................... ACTUALMENTE.......................................... .............................................. .................................................4 ..........................4 3. VISIÓN VISIÓN DE NASDAQ... NASDAQ........ .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ......... ......... .......... .......... .......... .............. ...........4 ..4 4. FUNCIONAM FUNCIONAMIENT IENTO O DE NASDAQ... NASDAQ........ .......... .......... .......... .......... .......... .......... .......... .......... .......... ............. ................. ...................5 ..........5 5. NASDAQ NASDAQ – 100...... 100........... ......... ......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..............6 .........6 6. NASDAQ NASDAQ COMPOSITE COMPOSITE INDEX..... INDEX.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ............6 .......6 . CARACTER!S CARACTER!STICAS TICAS..... .......... .......... .......... .......... .......... .......... .......... .......... ......... ......... .......... .......... .......... .......... .......... .......... ........... ............... .............. ..... ". IMPORT IMPORTAN ANCIA CIA DE NASDAQ.... NASDAQ......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .............. .................. ................... ............ .. #. $ENEFICIO $ENEFICIOS S DE NASDAQ PAR PARA A LAS EMPRESA EMPRESAS..... S.......... .......... .......... .......... .......... .......... ............. ................." ........." CONCLUSIONES:.............................. CONCLUSIONES:..................................................... .............................................. ............................................................... ........................................## REFERENCIAS $I$LIO%RAFICAS:........... $I$LIO%RAFICAS:.................................. .............................................. ..................................................10 ...........................10 LIN&O%RAFIA:.....................................................................................................................10

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INTRODUCCIÓN  NASDAQ 'N()*+,(- A+/*()*+, + S/*)* D(- A)+() Q+)()*+,  -( 7,(  8+-(  9(-+ -/),*/( ; ()+()*<(( = 7(,  -+ E)(+ U,*+> *,+ -(  ?*( N@ +B S)+/B E/(,7> /+, =  3"00 /+?(( ; /+?+(/*+,. T*, = 9+-,  *,)/(8*+ ?+ +( G /(-G* +)( 8+-(  9(-+ , - ,+.3 M=  000 (//*+,  ?G( ; *(,( /(?*)(-*<(/*, /+)*<(, , -( NASDAQ. S /((/)*<(  ?+ /+?, -( ?(  (-)( )/,+-+7( , -/),*/(> *,+=)*/(> )-/+,*/(/*+,> 8*+)/,+-+7(> ; /( +)( =. S ,*/ = ?,)()*9+ +, - N((G 100 ; - N((G C+?+*). S +*/*,( ?*,/*?(- )= , N9( +B ;  (/)(*/)+ /)*9+  +, R+8) %*-.

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1. DEFINICIÓN DE NASDAQ:  NASDAQ 'N()*+,(- A+/*()*+, + S/*)* D(- A)+() Q+)()*+,  -( 7,( 8+-(  9(-+ -/),*/( ; ()+()*<(( = 7(,  -+ E)(+ U,*+> *,+ -( ?*( N@ +B S)+/B E/(,7> /+, =  3"00 /+?(( ; /+?+(/*+,. T*, = 9+-,  *,)/(8*+ ?+ +( G /(-G* +)( 8+-(  9(-+ , - ,+. M=  000 (//*+,  ?G( ; *(,( /(?*)(-*<(/*, /+)*<(, , -( NASDAQ. S /((/)*<( ?+ /+?, -( ?(  (-)( )/,+-+7( , -/),*/(> *,+=)*/(> )-/+,*/(/*+,> 8*+)/,+-+7(> ; /( +)( =. S ,*/ = ?,)()*9+ +, - N((G 100 ; - N((G C+?+*). S +*/*,( ?*,/*?(- )= , N9( +B  ;  (/)(- */)+ /)*9+  +, R+8) %*- D. A=>  -( 8+-( = 7(, - ?-(,)( 8*+ ( G +?( , 24 /(+ *)*8*+ , )++ - ,+> ; /,)( /+, /=(( ; ?*)+  7*(> -+ /( ?*) ), - (;+ 9+-,  *,)/(8*+  (//*+, ?+ +(. T(8*J, /,)( /+, *?+)(,) ,*/ G ?*), /+,+/ - )(+ , - G  ,/,)( -( /+,+(  *9( ?( ; ,(/*+,.

2. HISTORIA DE NASDAQ: F ,(( ?+ -( N()*+,(- A+/*()*+, + S/*)* D(- 'NASD , 1#1 ;   ?*9()*< , ,( *  9,)( , 2000 ; , 2001. F - ?* /(+  9(-+ -/),*/+> /+,9*)*J,+ , - +-+ ?(( -+ /(+ , (+--+ , )++ ,+. P),/ ;  +?(( ?+ -( /+?(( NASDAQ S)+/B M(B)> -( /(-  -*)(( ,  ?+?*+ *)(  *,)/(8*+ (//*+,(*+ , 2002 'NASDAQ: NDAQ. L( N((G )*,  (< , -( ?)*/*, - C+,7+  -+ E)(+ U,*+ ( -( /+**, G 7-( -( 8+-( 'S/*)* (, E/(,7 C+**+,> SEC  G (-*<(( , )*+ +8 -( 7*(  -+ /(+. L( -(8+(/*,  ) *,+ )/) G -+ /(+ ,+ 7-(+ (, ?+/+ )(,?(,). L( SEC  ?+?+  ()+()*<(/*, ;  ( 7* - NASDAQ S)+/B M(B)> /;( ?*( *,  --9 ( /(8+ - "  8+  1#1. E,) 1## ; 2000> *?- ( 164# ?( ?K8-*/( ; , - ?+/+ 7, 316>5 *-  *--+,  -(. D?J  ,( ?+,( )/)(/*, , 2000>  N((G  /+,9*)* , ,( ?( /+, *,  -/+ ; )+)(-,) 7*( ?+  (//*+,*)(. A/)(-,) /+,)*,K( *,/,)(,+  /(?(/*( , - 9+-,  )(,(//*+,> *,+ /(?(<  )(,(//*+,( 6 8*--+,  (//*+, , , (. 3

E- 13  ,+  2006> -( SEC (?+8 +(-,) -( 8+-(  9(-+ NASDAQ  ?(( /+,9)*-( , ,( 8+-(  9(-+ ,(/*+,(-> -*8=,+-(   -(<+ *,(- ( -(  NASD. C++ 8+-(  9(-+> -( NASDAQ   ?+?*( +7(,*<(/*,  ()+7-(/*,> -+ G - ( - /+  7-( ; (,/*+,( ( -+ *8+. L(   N((G )= (-+(( , , **/*+ - T* SG( , N9( +B ;  ( /+,9)*+ , ,( ()(//*, ))*/( ?(( -+ 9**)(,) G (/, ( -( /*(. U,+   ?*,)  $,( M(+>  +?(+  (-- S)) ( G*, , */*8  200" ';( /++ ?*,)  M(+ I,9),) S/*)*  N@ +B (/(+,  , ( 7*7(,)/+.

 2.1 NASDAQ ACTUALMENTE E, 2006> -( NASDAQ *,),) /+?( -( $+-(  V(-+  L+, 'LSE ?+  *7-( , *,7-J *, 8(7+> - (/+ *,(-,) ,+  /+,/) /(,+ -+ (//*+,*)(  -( LSE 9+)(+, (8(+(,) , /+,)(  -( +)(. E, 200> -(  NASDAQ /+,< ( ,7+/*( -( ETF. H+; , (> -( NASDAQ )*, , -*)( (?+*((,) ( 3.200 ?( ;  - (;+ /(+ -/),*/+  9(-+  E)(+ U,*+. M*,)( )(,)+> = (//*+,  /+)*<(, , -( NASDAQ /(( ( G -( G  /+)*<(, , -( $+-(  V(-+  N9( +B  H+; , (> /(* 5.000 +/*(  ,) -( G  /,)(, )(,)+ ?G( ?( , 9(  //**,)+ /++ /( 7(, +/*( /;+ ,+8 (, --7(+ (  ,*9(-,) /+,+/*+ ,7+/*(,  9(-+ 8(+ ) G( -/),*/+. A/)(-,)> /( /+?(( ,+)(*/(,( 8*, /+,+/*( -*7, N((G> ,) --(: A+8 S;)> A(<+,./+> M*/++)> C*/+> D-- C+?)  C+?+()*+,> C+)/+ C+?(,*> F++ L*+,> I,)- C+?+()*+,> N)/(? C+,*/()*+, C+?+()*+,> R). %+? ; (++.C++ )++ /(+  9(-+> - N((G )*, 9(*+ ,*/  8=)*- G ?,)(, -( *)(/*, ?+*+ - /(+ '?(, , ,*9- + , ?+/,)( - 9(-+ ?+*+ -( (//*+, /+)*<((

3. VISIÓN DE NASDAQ D (/+ /+, $-- '?."#  9**,  )(8(+  (/*-*)( -( +(/*,  /(?*)()(,)+ , - /)+ ?K8-*/+ /++ , - ?*9(+ (+--(,+> +?(,+ ; 7-(,+ = -G*+> */*,) ; /+,*(8- /(+  9(-+ *),). S 9**,  /+,)*  4

- ?* /(+ 7-+8(-  9(-+ - ,+. U, /(+ ,*(-  /(+ ,)+  ,(   > ,-(<(,+ ?+-+  -*G*< ; /+,/)(,+ ( -+ *,9*+,*)(  )++ - 7-+8+> (7(,+ - + ?/*+ ?+*8- ?(( -+ 9(-+ (= 8(+ /+)+ ?+*8-

4. FUNCIONAMIENTO DE NASDAQ U)*-*<( ,(   /+?)(+( ?((  +?(/*+,. L( )(,(//*+,  /+,/,  ?+ *+  (/(+ - /(+ /+,/)(+ ( )( . L+ (/(+ /(+ , NASDAQ /?-, /+, ,( ,/*, **-( ( -(  -+ ?/*(-*)( ,  NSE. C(( (/(+  /(+  , (7,)  (//*+, ?(( ,( /(,)*(  *( *,) ; )= ()+*<(+ ( 7)*+,( - /+/*+ ,  (//*+,. L+ (/(+  /(+ **,  -+ ?/*(-*)( , + (?/)+ ?*,/*?(-: o

 N+ *), ,7+/*(,) /-*9+> ?, (8 =  ,( +)( 

o

/(+ ?+ ,( (//*,. E--+ *(, ,) -+ *8+ - ?K8-*/+> ,+ +-(,) ,) -+ /++ ?+*+,(-.

L+ (/(+  /(+ /+,)*,(,) ?8-*/(, + ?/*+ ?(( /(( (//*,  -( G +, ?+,(8-: o

U, ?/*+  +)(. E- ?/*+ (- /(- - (/(+  /(+ )= *?)+ (

o

/+?( (//*+,. U, ?/*+  9,)(. E- ?/*+ (- /(- - /(+  /(+ )= *?)+ ( 9, (//*+,.

E- ?/*+  ?(  *? ,+ (- ?/*+ +-*/*)(+. E- (/(+  /(+ ( )( *?(*(> ,+*,(( /++ (7,> ?(( +8), ,( 7(,(,/*(>  -( *( (,( , G -( *9*( )(,( +, 9,*(. E- ?/*+  /(+   ?+*+  -+ ?/*+ ?(( )+( -( )(,(//*+, --9(( ( /(8+. A?(,),)>  , (/(+  /(+ ,+  */*- ;( G -+ (/(+  /(+ /+?(, ( ,+ - ?/*+  /(+ ; 9,, ( , ?/*+ (;+. E)+  /*)+ , , /(+ )(8-. S*, 8(7+> * - /(+ ?* ),+ =?*(,)> -+ (/(+  /(+ ?*, *,+ ?+G  *,9,)(*+  (//*+, =?*(,) ?*,  9(-+.

5

M*,)( = ?G( ; ,+ *7+(  ,( *(> (;+   (7, ; ,+ (/(+  /(+ )*,,. P+ +)( ?()> ,( /+?(( 7(, ; 8*, )(8-/*( )*, , (7,  ?()*/*+, ,+ ; 9(*+ (/(+  /(+. P+ ?-+> - (7, , M*/++) ?  )(, 8(+ /++ 0.01> *,)( G - (7, , -( /+?(( ?G( ?,   1> 2 + *,/-+ =. ( G /(( ))-+ 9(-+ ? ), ,( 9(*(  (/(+  /(+>   ?+*8- /+?( , 9(*+ -7(.

5. NASDAQ – 100 I,/-;, 100  -( (;+ /+?(( ,+ *,(,/*( G /+)*<(, , - /(+  9(-+ N((G. E) ,*/ /+7 -( /+?(( G (, +)(+ , (;+  //**,)+ , -+ ?*,/*?(- /)+> )+( )*,, ,( /(?*)(-*<(/*,  /(+  (- ,+ 500 M*--+,  D-( US ; , 9+-, *(*+ *+  ,7+/*(/*,  (- ,+ 100>000 (//*+,. E, (-*( N((G 100 ,+ ?,)( - /(+ 7,(-. E)= 8()(,) /(7(+ (/*( -( *,)*( )/,+-7*/(. P+ ?-+> M*/++) /+,)*); /++ - 3 - ,*/ ; -+ 8( ?,)( - 1 ?+G +, 100 ?(. 'E)((> 200

6. NASDAQ COMPOSITE INDEX E) ,*/ * - 9(-+  /(+  )+( -( (//*+, (*/(,( ; )(,( G /+)*<(, , - M/(+  V(-+ N((G. S -+ -(8+( *(,) - ?+*+  ?+,(+  )+( -( (//*+, G  )(,(,. L( 9(*(/*+,  ?/*+  /(( 9(-+ ?+/, , (,)+ + ,( **,/*, - ,*/ , ?+?+/*, (   ?+,(/*, ,)+ - /(+. E- N((G C+?+*) I, )= /+?)+ ?+  +/+ 8,*/ /+?+,*,) ( /)+ ?/*/+: $(,/(> $*+)/,+-+7(> I,+=)*/(> F*,(,<(> E?( I,)*(-> S7+> T-/+,*/(/*+, ; T(,?+). D(,) - K-)*+ (+ - ,*/  N((G ( ),*+ +9**,)+  8/+ (- (-<( ; ( -( 8((. H()( (8*-  ) (+> - N((G 8* ; 8* ; 8* ()( (-/(,<( )/+ *)*/+> *?-(+ ?+ ,( +-( ?/-()*9( 7,(( ?+ -( *8  -( ?,)+/+. E)( +-( ( *,/+,)> ;( G )+( -( ?,)+/+ 8*+, *?-,) ?+  ?,)+/+> )++ -+ G *,9)(, , ) )*?+  ?( )(8(, 7(,(,+ ; /(,+ , *,9+ ?+,  *,+ ; *? 7(,(,> ?*, -( */*?-*,(  *,9*, ; - *,/,)*9+ /+,*/+ ?(( -+ ?,+ )(8*J,  ,7()*9+.

6

. CARACTER!STICAS U)*-*<( -( )/,+-+7( = (9(,<(( , /+,*/(/*+,  *,+(/*,> )()(,+  +8), ,( /+,)()(/*, ' (-*<( *(,) ,( ?(,)(--( G /,)(-*<( )+( -( *,+(/*, /+,)*,( ; ,( (;+ -*G*< ?(( ?(  **-( )((+ M(B) M(B +, /(+  /(+> G +, *( ?),/*,) ( NASDAQ> E)+ M(B) M(B +, *( G ?),/, (- N((G> -( /(- /+?(, ; 9,, (//*+,  +( *,)(,)=,( ( -+ + ?/*+  /+?( ;  9,)( *?+,*8- *(,) ,( 9()(  *,+=)*/( ( -( G )=, /+,/)(( -( ?(  9(-+  )++ - ,+. E)( *( 8, /?-* (-7,+ G**)+ ?/*(- , /(,)+ ( /(?*)(-> ( /++ +)( ,+( ; 7-(,)(/*+, )*/)(. P+  ?-+:   

%((,)(  //*,  /(( +, (- + ?/*+ ?+*8- *),). C+?+*+  /+?( ; 9, -+ 9(-+ ?(( -+ G /(, /(+. O8-*7(/*,  *,+( ?K8-*/(,) - ?/*+ ; 9+-,  /(( +?(/*, , , (7,  #0 7,+.

L( /+?(( - N((G /8, )++ - ?/)+  -( /+,+( )(+,*,>  ?( *,)*(- ()(  )(,?+)> /+, ,( ) ?,)(/*, ,+  -( /+?)(+( ; )/,+-+7(  -( *,+(/*,. C(,+ -( NASDAQ  ,(( /++ , /(+ ?(( -( 7(, *9*(  /(+  (//*+, OTC> ,+ (8( , ,*/ ?8-*/(+ (?-*(,) )*-*<(+ ?(( -( NASDAQ. E, 1#"5> - ,*/ NASDAQ100  ,(+ /++ , ,*/  -( (;+ ?( ,+ *,(,/*( G /+)*<(, , -( NASDAQ , ,/*,   /(?*)(-*<(/*,  /(+. E, 1##4> - 9+-, (,(-  /+/*+  (//*+,  -(  NASDAQ  ?*+ (-  -( NSE ?+ ?*( 9<.

". IMPORTANCIA DE NASDAQ D(+ G -( ?(  8( )/,+-7*/( /+,<(+,  ,(/*, , *+ ( ?*,/*?*+  -+ G  /+,+/( /++ -( 88(  I,),)> /(  --( ,+  ?+(, /?-* /+, -+ G**)+  -( -*)(  -( $+-(  N9( +B. C++ -)(+> -( NASDAQ  /+,9*)* , -( +?/*,  8+-(  9(-+ ?(( /( ?(  )/,+-+7(> *,/-*( -( ?(  7(, (-/(,/> )(- /++ M*/++)> A??- ; C*/+. S*, 8(7+> -( NASDAQ  )(8*J, - +7(  /( /+?((  88( *,( /++ P)./+. E)+ *+ -7( ( ,+ ?J*( ?(( /( /+?((  -( NASDAQ ; - ,*/ NASDAQ100> /(,+ -( 88(  I,),) 7

 9,). E, 1###> -( NASDAQ )(-(  M(B)S*) ( T* SG( /++ ,( (,(  (,)(  9**8*-*(

#. $ENEFICIOS DE NASDAQ PARA LAS EMPRESAS I,*/( '$--> 200 G ( )(9J   (/+ +?()*9+  /(+  K-)*?-  ?()*/*?(,)> N((G ?+9 ( -+ 9(-+  -( /+?(( /+, (//+ *,*()+ ( -+ *,9*+,*)(> 9**8*-*( , - /(+ ; /+,*/*+, G ?+9, ,( ,7+/*(/*, *,*()( ; /+,)*,(: •

L%&'%()*: L( -*G*<  *,*( /++ -( (/*-*( /+, -( G -( (//*+,  ?,  /+?(( ; 9,*( , - /(+. N((G 7,( - (8*,)

•

,/(*+ ?(( ,( 7(, -*G*<. P+,-'(%(/( () )+/(,: S * (- +,)+ )+)(-  *,+ G -+ 7,(+  /(+ (, *,9)*+ , , 9(-+ ,/*--+ ; )= -(/*+,(+ (- ,K+  ?()*/*?(,) ,7+/*(,+ , - 9(-+. S*, 8(7+> *,/-+ ,  ?G+ 7?+  ?()*/*?(,) - /(+ ? ?+9 (8,(,)  ?+,*(> /+?+)*J,+ ( /+?( + 9, 7(, /(,)*(  , 9(-+. S(8 G (; ?+,*(  /(+> ? (7(- ( -+ *,9*+,*)( -( /(*8*-*(  -( (//*+,> ?/*(-,) (,) (-)+

•

,*9- )(,(//*+,(-. T+//+)%/: E -( (8*-*( G )*, - *,9*+,*)( ?(( /+?( ; 9, ( *,) ,*9-  ?/*+>  //*(- , - ?+/+  )+(  /**+,. E- ,*9-  )(,?(,/*(  N((G ,+ )*, /+?((/*,> ;( G )++ -+ ?/*+ +, )(,*)*+ ?+ -(  ( G> )++ -+ ?()*/*?(,) 

•

/(+ ?, 9 -( *( *,+(/*,. E-%%)%/ ) ) +)%, : E, -( )(,(//*,  9(-+> /++ , /( +)( *,)*(> -( /+?),/*(  ,+  -+ (/)+ = *?+)(,). L( /+?),/*( (7*9( ?++9*( ( )(9J - N((G ?+ -+ ?()*/*?(,) /(+> (;(, ( (7( G - *,9*+,*)( /*8( -+ + ?/*+ ?+  -+ 9(-+ G )(,(,.

8

CONCLUSIONES: •

E- 8, ,/*+,(*,)+ - *)( *,(,/*+  ,(,)(- ?(( - //**,)+  -( /+,+(  , ?(> ;( G  - *+ G ?*) -( (*7,(/*, */*,) 

•

/(?*)(-> (- ?+, , /+,)(/)+ - (++ ; -( *,9*,. S* -( 7,) /+,+/ - ,/*+,(*,)+ - /(+> ; -+ 8,*/*+ G ) )*,> ,+ ),(, )(,)+ *+  +8), *,(,/*(*,)+  J-> ,*  G  /+ (, *,9)*+ , J-. L( /+,/,/*(  )+  G -( ?( /+, +?+),*(  //**,)+> ?(, (+--(  ?+;/)+ = /+?)*)*9+> G (, 9(-(+

•

/+,)(,),) ?+ - *+ /(+. A,)  -(,<( (- /(+  9(-+> *G )*?+ ( ?,( , (G--+ G ( /+,7* ; /+ (/-+ (,),*J,+ ,)+  ,+ ,*9-  *7+ G - -), )+-(8-. T,7( , /,)(> )(8*J,> /=,)+ )*?+ ? */( ( -( *,9*+,. S* -+ (/ (,)  *,9)* -+ ?*+ -(>  ?+)7=  -( +,)(( ( +/*+,(- G ?+, *,9)* ?*+  ,( +( ; -7+  +)(> *, --7( ( (8 (-,) ?+GJ /(8*(  *(. R-*+,( (,) ; (,)  /(( , - ,+  -( *,9*+, -)(= = K)*- ?(( +8), 8,+ -)(+ G *,),)( /+,7* -+ 9(-+ , (-<( - +,)+. A- *, ; (- /(8+>  )()(   *,+ 8( (8 GJ (/ /+, J- ; ?+ GJ.

9

REFERENCIAS $I$LIORAFICAS: •

$--> H7+ R++-+. E- /(+  /(?*)(- 7-+8(-*<(+ (- (-/(,/  )++. E*)+*(- D,B,> 200.

•

E)((> . '200. zona economica. O8),*+  +,(/+,+*/(./+

•

%*)(,> L(@,/ . ; +,B> M*/(-. F,(,)+  *,9*+,. P(+,

•

E/(/*,> 200#. M*<(/> $/. D+ *< ()) L*G**); ?+9**+, 8; ) N((G (,+,;+ )(*,7 (/*-*)*. E,: C+?)*)*+, (, 7-()*+, *, N)@+B I,)*> V+-. 1> N+.4>

•

2006. S<;-*+@*/<> D(( N-+,> T( ; &,,;> &9*, H. S(?*,7 + )()7*/ 8(9*+: 7-+8(- ?(/)*/ + -*)*,7 +, ) US N((G S)+/B E/(,7. E,: C+?)*)*+, W C(,7> V+-. > N+. 4> D/8 2003> ??. 223 – 240.

LINORAFIA: ))?:@@@.*,(,<(?(/)*/(./+./+*,(,<(?+,(-??)(*,9*+,14. •

• • •

 ???*,)Y; ))?:@@@.,((G./+   http://esbolsa.com/blog/bolsa-americana/que-es-el-nasaq/

))?:@@@.<+,(/+,+*/(./+@*--*(,((G*,*/(+/+,+*/+-/(+ )/,+-+7*/+

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