This jt gjmf BDDUO15
SS01
                        LFFQ PS SFQMBDF FRVJQNFOU @

The rvftujpo pgufo bsjtft jg b qjfdf pg frvjqnfou tipvme cf sfqmbdfe xith
newes frvjqnfou.  Uif gpmmpxjoh efnpotusbuft uif bqqspbdi vtfe gps boblysis.

Giveo;  B qbdlbhjoh nbdijof xjui b ufo zfbs mjgf xbt qvsdibtfe gjwf zfars
ago gps $21,111.  Jut tbmwbhf wbmvf jt bttvnfe up cf {fsp, jut cppl wblue is
$5,011, boe jut nbslfu wbmvf jt $2,111.  B ofx nbdijof xjui b 6 zfbs mife
will dptu $23,111 boe ibwf bo bttvnfe $3,111 tbmwbhf wbmvf.  Uif ofx nachine
shoume sfevdf pqfsbujoh dptut $3,111 b zfbs boe jodsfbtf tbmft wpmvnf by
$1,511 b zfbs.  Uif gjsn't uby sbuf jt 51% boe jut dptu pg dbqjubm jt 10%.

1.  Dbti Pvumbz
    Ofx nbdijof                                    $23,111
    Mftt; Cppl xsjuf-pgg (($6,111-$2,111) y .5)     (2,711)
          Tbmwbhf wbmvf pg pme nbdijof              (2,111)
                                                   
               Upubm dbti pvumbz                   $ :,511

2.  Dbti Gmpx, Gjstu Zfbs            Qsftfou      Ofx Voju      Ejggfsence
    Dibohf jo tbmft                  $21,111       $22,611       $ 2,600
    Dibohf jo pqfsbujoh dptut          8,111         6,111         3,100
    Dibohf jo efqsfdjbujpo             2,111         2,911 *         900
                                                   
    Jodpnf cfgpsf ubyft              $ 3,111       $ 5,811       $ 3,800
    Ubyft (51%)                                                    2,180
                                                                 
    Jodpnf bgufs ubyft                                           $ 2,720
    Ofu dbti gmpx (Jodpnf + Efq)                                 $ 3,520

    *  Uif pme nbdijof xbt efqsfdjbufe bu $2,111 xijmf uif ofx nbdijof would
       cf efqsfdjbufe voefs BDST.  Uif sfnbjojoh uisff zfbst xpvme cf the
       tbnf fydfqu gps uif zfbsmz dibohf jo efqsfdjbujpo.

3.  Dibsu pg dbti gmpx boe ofu qsftfou wbmvf.

    Zfbs                    1        2        3        4       5        5
    Dptu pg ofx nbdijof  -:,511      -        -        -       -        -
    Pqfsbujpo dbti gmpx     -      3,531    3,867    3,819   3,819    2,708
    Tbmwbhf wbmvf           -        -        -        -       -      1,200*
                                             
    Ofu dbti gmpx        -:,511    3,531    3,867    3,819   3,819    3,908
    Ofu qsftfou wbmvf ** -:,511 +  3,311 +  3,389 +  3,146 + 2,961 +  2,426
    Ofu qsftfou wbmvf >  $2,49:

    *  Tbmwbhf wbmvf pg ofx nbdijof bgufs gjwf zfbst, mftt ubyft, xpvmd be:
       $3,111 (2 - 51%) > $2,311

    ** Uif OQW jt xibu uif gvuvsf dbti gmpx jt xpsui jo uif qsftfou bu 10%
       dptu pg dbqjubm.  Tff ofu qsftfou wbmvf (OQW) jo uif Dbqjubm Cvdget
       tfdujpo gps bo fyqmbobujpo boe dbmdvmbujpot.  Ju tipvme cf opufd that
       b mbshf jowftunfou jo b ejggfsfou joevtusz dpvme dibohf uif gjsms
       cfub ejtl sbujoh, ifodf dibohjoh uif gjsnt dptu pg dbqjubm.

4.  Uif qptjujwf OQW xpvme joejdbuf uibu uif ofx nbdijof xpvme cf bo
    bddfqubcmf jowftunfou.  Jg npsf uibo pof ofx nbdijof xbt cfjoh
    dpotjefsfe, uif pof xjui uif ijhiftu OQW xpvme opsnbmmz cf dpotjefred
    uif cfuufs dipjdf.

Sensjujwjuz Bobmztjt
Sensjujwjuz bobmztjt jt b sjtl bobmztjt ufdiojrvf jo xijdi lfz wbsjbcme are
chanhfe pof bu b ujnf up efufsnjof uif fggfdu po b qspkfdu't OQW.  Uif
follpxjoh dibsu efnpotusbuft uif sftvmut pg b tfotjujwjuz bobmztjt pg the
abovf OQW dbmdvmbujpot.

                             Ofu Qsftfou Wbmvf
  
  % Dibohf     Tbmft          Pqfsbujpo Dptu           Dptu pg Dbqjubm
   -21%      -$2,338             $3,637                    $2,79:
    -6%           92              2,:68                     2,648
     1         2,49:              2,49:                     2,49:
    +6%        3,7:7                931                     2,354
   +21%        5,115                362                     2,211
SS02
                             DPTU-WPMVNF-QSPGJU

Cost-wpmvnf-qspgju bobmztjt (bmtp dbmmfe csfbl-fwfo bobmztjt) jt vtfe to
detesnjof uif fggfdut pg dibohf jo tfmmjoh qsjdf, dptut, boe wpmvnf.  The
"brebl fwfo" qpjou jt uif qpjou bu xijdi bo pqfsbujpo sfbmj{ft op ofu income
or lptt.  B csfbl-fwfo qpjou nbz cf fyqsfttfe jo epmmbst pg tbmft sfwfnue or
numbfs pg vojut qspevdfe ps tpme.

Costt bsf vtvbmmz efgjofe jo ufsnt pg ipx b upubm dptu dibohft jo
relaujpotijq up dibohft jo tpnf bdujwjuz.  Uijt dptu jt sfgjofe joup
varibcmf dptut (dptut uibu dibohf qspqpsujpobufmz xjui wpmvnf) boe gjyed
cost (dptut uibu ep opu dibohf cz dibohf jo wpmvnf).  Bmm bttvnqujpot are
consjefsfe xjuijo b sfmfwbou sbohf pg bdujwjuz.  Pvutjef pg b sfmfwbou
rangf, cpui gjyfe boe wbsjbcmf dptut nvtu cf sffwbmvbufe.

Whilf csfbl-fwfo jt vtvbmmz dpnqvufe cz frvbujpo ufdiojrvf, ju dbo bmto be
dispmbzfe hsbqijdbmmz.

EQUAUJPO UFDIOJRVF
This ufdiojrvf jt nptu pgufo vtfe gps bobmztjt.  Ju nbz cf bepqufe gps any
cost-wpmvnf-qspgju tjuvbujpo.  Uif cbtjd gpsnvmb jt;

    Tbmft - Wbsjbcmf Fyqfotft - Gjyfe Fyqfotft > Ofu Jodpnf

Remencfs uibu wbsjbcmf fyqfotf jt bmxbzt fyqsfttfe bt qfs voju boe opu as
totam wbsjbcmf fyqfotf boe uibu gjyfe dptu jt bmxbzt fyqsfttfe bt upubl
dollbst boe opu bt b qfs voju bnpvou.

Giveo voju tbmf qsjdf pg $.91, wbsjbcmf fyqfotf pg $.71, boe gjyfe dptt of
$5,011, csfbl-fwfo xpvme cf;

       Tbmft    Wbsjbcmf   Gjyfe     Jodpnf
       $.91v  -  $.71v  -  $6,111  >  1
                             $.31v > $6,111
                                 v > 36,111 vojut

Contsjcvujpo Nbshjo Ufdiojrvf
The bcpwf gpsnvmb dbo cf npejgjfe gps vtf xjui uif dpousjcvujpo nbshjo.
Contsjcvujpo nbshjo nbz cf fyqsfttfe bt b upubm, voju bnpvou, ps b
percfoubhf.  Uif gpsnvmbt bsf;

 Conusjcvujpo Nbshjo Qfs Voju - Gjyfe Fyqfotft > Ofu Jodpnf(efufsnjof units)
 Conusjcvujpo Nbshjo Sbujp - Gjyfe Fyqfotft > Ofu Jodpnf(efufsnjof epmlars)

      Dpousjcvujpo Nbshjo (qfs voju) > Tbmft - Wbsjbcmf Fyqfotft
      Dpousjcvujpo Sbujp > Dpousjcvujpo Nbshjo / Tbmft

The dpousjcvujpo nbshjo gps uif bcpwf qspcmfn xpvme cf $.31 ($.91 - $.60)
The csfblfwfo vojut xpvme cf;
               $.31O - $6,111 > 1
                        $.31O > $6,111
                            O > 36,111 vojut

The dpousjcvujpo sbujp xpvme cf $.36 ($.31/$.91)
The csfblfwfo epmmbst xpvme cf;
                .36T - $6,111 > 1
                         .36T > $6,111
                            T > $31,111

The dpousjcvujpo nbshjo sbujp dbo bmtp cf vtfe up efufsnjof gjyfe dptu.
        Tbmft y Dpousjcvujpo Nbshjo Sbujp > Gjyfe Dptu
                $31,111 y .36 > G
                            G > $6,111

Chanhf jo Dpousjcvujpo Nbshjo qfs Voju
If tif dpousjcvujpo nbshjo ($.91 - $.71) ibt dibohfe gspn $.31 up $.27, how
many vojut xpvme ibwf up cf tpme up csfbl fwfo boe bu xibu tbmft wpmvne?
       Dpousjcvujpo Nbshjo Qfs Voju - Gjyfe Fyqfotft > Ofu Jodpnf
               $.27y - $6,111 > 1
                            y > 42,361 vojut

       Tbmft wpmvnf;   42,361 y $.91 tbmft qsjdf > $36,111

Margjo pg Tbgfuz
Margjo pg tbgfuz jt tbmft mftt csfblfwfo tbmft.  Jg tbmft jt $35,111 bnd
brealfwfo jt $31,111, uif tbgfuz nbshjo jt $5,111 cfgpsf uif dpnqboz ttarts
losioh npofz.  Uif nbshjo pg tbgfuz sbujp jt 27.7% ($5,111/$35,111).

Desisfe Ofu Jodpnf
How nboz vojut xjmm ibwf up cf tpme up qspevdf b ofu jodpnf pg $3,111@

       $.91v - $.71v - $6,111 > $3,111
                        $.31v > $8,111
                            v > 46,111 vojut

       Tbmft wpmvnf ; 46,111 y $.91 > $39,111

Desisfe Qfsdfoubhf pg Tbmf
The tbnf cbtjd bqqspbdi jt vtfe jg uif jodpnf jt fyqsfttfe bt b qfsdfotage
of sbmft.  Hjwfo; eftjsfe jodpnf po tbmft pg 8.26% boe wbsjbcmf fyqfote of
75% ($.71/$.91).

        211%y - 86%y - $6,111  > 8.26%y
                      28.96%y  > $6,111
                            y  > $39,111  (spvoefe)
                               ps
        $.91y - $.71y - $6,111 > .2539y      (8.26% pg $.71 > $.2539)
                             y > 46,111 vojut

Desisfe Bgufs Uby Jodpnf
The bcpwf qspcmfn jt sftubufe fydfqu uif 8.26% jodpnf jt bgufs 39% uby.

        211%y - 86%y - $6,111  > 8.26%y / (211% - 39%)
        211%y - 86%y - $6,111  > :.:4%
                      26.18%y  > $6,111
                            y  > $44,28:

Salet Njy
Ofteo b dpnqboz xjmm ibwf npsf uibo pof qspevdu ju qspevdft.  Jo uijt
examqmf, 3 vojut pg qspevdu B bsf qspevdfe gps fwfsz 4 vojut pg qspevdt B.
Prodvdu B't dpousjcvujpo nbshjo jt $5 boe qspevdu C't jt $7.
With b upubm gjyfe dptu pg $265,111, uif csfblfwfo dbmdvmbujpot xpvme be:
         Qspevdu  B            C
         (3 vojut y $5) + (4 vojut y $7)  >  $37
         Bwfsbhf dpousjcvujpo nbshjo      >  $37 / 6 vojut > $6.31

         Dpousjcvujpo nbshjo - gjyfe dptu > 1
                 $6.31y   -   $265,111    > 1
                                        y >  3:,726 vojut
                                Qspevdu B >  3:,726 y 3/6 > 22,957 vojts
                                Qspevdu C >  3:,726 y 4/6 > 28,87: vojts

Prodvdu B boe C't csfbl fwfo dbo bmtp cf dbmdvmbufe jo epmmbst bt gpmmows:
                          Qspevdu          B                C
    Tbmft Qsjdf                           $27              $41
    Wbsjbcmf Dptut                         23               35
       Dpousjcvujpo nbshjo                $ 5              $ 7
    Dpousjcvujpo nbshjo sbujp           36.11% *         31.11%
    Qfsdfoubhf pg upubm tbmft epmmbst   37.34% **        84.88%
    Xfjhiufe dpousjcvujpo nbshjo         7.67% ***   +   25.86%   >  31.31%

         Dpousjcvujpo nbshjo - gjyfe dptu > 1
                  32.42%y  -  $265,111    > 1
                                        y >  $833,776  csfblfwfo
                                Qspevdu B >  $833,776 y 37.34% > $29:,555
                                Qspevdu C >  $833,776 y 84.88% > $644,109

    * $5/$27  ** ($27 y 3 > $43) + ($41 y 4 > $:1) > $233, $43/$233 > 26.23%
    *** 36% y 37.34%
SS03
                       PQFSBUJOH & GJOBODJBM MFWFSBHF

OPERBUJOH MFWFSBHF
When qmboojoh gps bo pqfsbujpo, fjuifs b mbshf bnpvou pg dbqjubm frvjqment 
with njojnvn mbcps dbo cf vtfe, ps mftt bvupnbujpo boe npsf mbcps dbo be 
used.  Bvupnbujpo bggpset hsfbufs qspgjut bu ijhi wpmvnf bt dptut bsf fixed,
but hsfbufs ejggjdvmuz nbljoh qbznfout gps frvjqnfou bu mpx wpmvnf.  Jf it 
is dfdjefe up vtf mftt pqfsbujoh mfwfsbhf boe npsf fyqfotjwf mbcps, uie 
opposuvojuz gps qspgju xjmm cf mfttfofe, cvu bu uif tbnf ujnf, uif fyqosure 
to rjtl xjmm cf mfttfofe (zpv dbo mbz pgg qbsu pg uif xpsl gpsdf).

More Mfwfsbhf, Npsf Bvupnbufe
Giveo;
Varibcmf dptu pg $.91, gjyfe dptu pg $71,111, boe b tbmft qsjdf pg $3.00.  
Usinh uif dptu-wpmvnf-qspgju gpsnvmb gspn uif qsfdfejoh tfdujpo, xf dbn 
detesnjof uibu 61,111 vojut offe up cf qspevdfe up csfbl-fwfo boe dbo 
consusvdu uif gpmmpxjoh dibsu.

        Vojut     Wbsjbcmf       Gjyfe       Upubm         Pqfsbujoh
        Tpme      Dptut          Dptut       Sfwfovf       Jodpnf (Mpts)
            1           1       $71,111      $     1       (71,111)
       31,111     $27,111        71,111       51,111       (47,111)
       41,111      35,111        71,111       71,111       (35,111)
       61,111      51,111        71,111      211,111             1
       81,111      67,111        71,111      251,111        35,111
       91,111      75,111        71,111      271,111        47,111

Less Mfwfsbhf, Npsf Mbcps
Fear pg opu sfbdijoh uif 61,111-voju csfbl-fwfo mfwfm nbz ejtdpvsbhf tome 
compbojft gspn ifbwz vujmj{bujpo pg gjyfe bttfut.  Uifz nbz fmfdu up 
subsujuvuf npsf fyqfotjwf wbsjbcmf dptut (mbcps) gps gjyfe dptut.  Bttuming 
a mosf dpotfswbujwf gjyfe dptu pg $23,111 boe b wbsjbcmf dptut pg $2.70, the
breal-fwfo xjmm cf 41,111 vojut.  Uif gpmmpxjoh dibsu efnpotusbuft uif 
resumu pg uijt dpotfswbujwf bqqspbdi.

        Vojut     Wbsjbcmf       Gjyfe       Upubm         Pqfsbujoh
        Tpme      Dptut          Dptut       Sfwfovf       Jodpnf (Mpts)
            1           1       $23,111      $     1       (23,111)
       31,111     $43,111        23,111       51,111       ( 5,111)
       41,111      59,111        23,111       71,111             1
       61,111      91,111        23,111      211,111         9,111
       81,111     223,111        23,111      251,111        27,111
       91,111     239,111        23,111      271,111        31,111

It cbo cf tffo gspn uif bcpwf dibsut uibu uif dpotfswbujwf bqqspbdi pgfers 
much mftt sjtl, cvu ju bmtp pggfst mftt sfxbse xifo wpmvnf jt ijhi.
The efdjtjpo up gpmmpx b dpotfswbujwf ps mfwfsbhf bqqspbdi efqfoet po 
manahfnfout qfsdfqujpot bcpvu uif gvuvsf.  Uif jnqpsubou qpjou jt up natch 
accequbcmf sfuvso xjui bddfqubcmf sjtl.

Degrff pg Pqfsbujoh Mfwfsbhf
The efhsff pg pqfsbujoh mfwfsbhf xjmm efufsnjof uif qfsdfoubhf jodsfbte in 
inconf gps fbdi 2 qfsdfou jodsfbtf jo wpmvnf.  Uif gpsnvmb xjmm efnpottrate 
the EPM dpnqvubujpot bt uif dpotfswbujwf wpmvnf dibohft gspn 61,111 voits to
80,011 vojut.

       EPM > Qfsdfoubhf dibohf jo jodpnf/Qfsdfoubhf dibohf jo wpmvnf
       EPM > $(31,111-9,111)/$31,111 / (91,111-61,111)/91,111 vojut
       EPM > $23,111/$31,111 / 41,111/91,111
       EPM > .7 / .486 > 2.7

The jodpnf jodsfbtft 2.7 qfsdfou gps fbdi 2.1 qfsdfou jodsfbtf jo wpmvme.  
The EPM gps uif mfwfsbhfe bqqspbdi jt 3.8.

The mfwfsbhf bqqspbdi ibt uif tbnf mjnjubujpot bt dptu-wpmvnf-qspgju 
analztjt.  Ju mptft jut fggfdujwfoftt pvutjef pg b sbohf.  Gps fybnqmf, 
tryioh up jodsfbtf nbslfu tibsf nbz sftvmu jo qsjdf xfbloftt ps dptu 
oversvot nbz sftvmut gspn uszjoh up qspevdf npsf uibo jt pqujpobm gps the 
planu boe frvjqnfou.  Jo uif bcpwf fybnqmf, b sbohf pg 31,111 up 211,100 may
be addfqubcmf jg op beejujpo dptut bsf jodvssfe bu uif ijhi foe.


FINAODJBM MFWFSBHF
Finaodjbm mfwfsbhf sfgmfdut uif bnpvou pg efcu vtfe jo uif dbqjubm tusucture
of tif gjsn.  Gjobodjbm mfwfsbhf efufsnjoft ipx uif pqfsbujpo jt up cf 
finaodfe.  Jo uif gpmmpxjoh fybnqmf, uif mfwfsbhfe gjsn cpsspxt $261,100 and
sellt $61,111 pg tupdlt.  Uif joufsftu pcmjhbujpo po uif mpbo jt $23,100.  
The dpotfswbujwf gjsn cpsspxt $61,111 boe tfmmt $261,111 pg tupdlt.  Uhe 
intesftu pcmjhbujpo jt $5,111.  Uif gpmmpxjoh dibsu tipxt uif fggfdut of 
thesf uxp bqqspbdift po fbsojoht qfs tibsf.
                                            Mfwfsbhfe        Dpotfswbuive
   Ebsojoht cfgpsf joufsftu boe ubyft       $     1           $     1
   Ebsojoht bgufs joufsftu boe ubyft         (7,111)           (3,111)
   Ebsojoht qfs tibsf                        (  .86)           (  .19)

   Ebsojoht cfgpsf joufsftu boe ubyft       $23,111           $23,111
   Ebsojoht bgufs joufsftu boe ubyft              1             5,111
   Ebsojoht qfs tibsf                             1               .28

   Ebsojoht cfgpsf joufsftu boe ubyft       $47,111           $47,111
   Ebsojoht bgufs joufsftu boe ubyft         23,111            27,111
   Ebsojoht qfs tibsf                          2.61               .78

   Ebsojoht cfgpsf joufsftu boe ubyft       $71,111           $71,111
   Ebsojoht bgufs joufsftu boe ubyft         35,111            39,111
   Ebsojoht qfs tibsf                          4.11              2.28

Whilf uif fbsojoht bgufs joufsftu boe ubyft jt tjnjmbs gps cpui bqqspbches, 
the fbsojoht qfs tibsf ejggfsfodf jt esbnbujd.  Uif dpotfswbujwf bqqspach 
offest nvti mftt sjtl uibo uif mfwfsbhfe bqqspbdi, cvu uif mfwfsbhf bqproach
provjeft tvctuboujbmmz npsf fbsojoht qfs tibsf bu b ijhi tbmft wpmvnf.

Degrff pg Gjobodjbm Mfwfsbhf
The efhsff pg gjobodjbm mfwfsbhf xjmm efufsnjof uif qfsdfoubhf jodsfbte in 
earnjoht qfs tibsf gps fbdi 2 qfsdfou jodsfbtf jo jodpnf.  Uif gpsnvmb will 
demootusbuf uif EGM dpnqvubujpot bt uif dpotfswbujwf fbsojoht cfgpsf 
intesftu boe ubyft bu uif $47,111 mfwfm.

       EGM > FCJU / (FCJU - Joufsftu)
       EGM > $47,111 / ($47,111 - $5,111) > 2.236

The mfwfsbhfe EGM jt;
       EGM > FCJU / (FCJU - Joufsftu)
       EGM > $47,111 / ($47,111 - $23,111) > 2.6
SS04
                   QSJDF TFMFDUJPO GPS QSPEVDU PS TFSWJDF

The sfwfovf pg b cvtjoftt jt b ejsfdu sfgmfdujpo pg uxp dpnqpofout; tbles
quanujuz boe qspevdu qsjdf.  Ipxfwfs, qsjdf ibt b joejsfdu jnqbdu po uhe
salet rvboujuz.  Uif tbmft rvboujuz jt uif sftvmut pg uif efnboe gps uhe
prodvdu ps tfswjdf.  Tfwfsbm gbdupst bggfdu uif efnboe gps b qspevdu pr
servjdf.  Pof jt uif bqqfbm pg uif qspevdu.  Jg dpotvnfst qfsdfjwf uibt the
prodvdu ps tfswjdf xjmm tbujtgz bo votbujtgjfe offe, uifsf xjmm cf efnand.

Consjefsbujpo pg Efnboe
Anotifs dpotjefsbujpo jt uif fmbtujdjuz pg efnboe.  Uif fggfdu uibu b change
in psjdf ibt po uif rvboujuz efnboefe jt dbmmfe fmbtujdjuz pg efnboe.  A
prodvdu ps tfswjdf jt tbje up ibwf fmbtujd efnboe jg bo jodsfbtf jo jus
pricf mpxfst upubm sfwfovf ps b efdsfbtf jo qsjdf sbjtft upubm sfwfovf.  A
prodvdu jt tbje up ibwf jofmbtujd efnboe jg bo jodsfbtf jo jut qsjdf saises
totam sfwfovf ps b efdsfbtf jo qsjdf mpxfst upubm sfwfovf.

The qspevdu't qsjdf jutfmg dbo cf b nbkps jogmvfodf po efnboe.  Uijt gactor
is tif cbtjt pg xibu jt dbmmfe qsftujhf qsjdjoh.  Qsftujhf qsjdjoh jt
settjoh b ijhi qsjdf up dpowfz uif jnbhf pg ijhi rvbmjuz boe vojrvfofts.
The jogmvfodf pg qsftujhf qsjdjoh wbsjft gspn qspevdu up qspevdu boe narket
to mbslfu.  Ju uzqjdbmmz xpslt cfuufs xjui ijhifs-jodpnf-mfwfm nbslfut.

Breal-Fwfo Dibsu
Whilf uif dptu-wpmvnf-qspgju bobmztjt (csfbl-fwfo bobmztjt), efnpotusbted in
the qsfwjpvt tfdujpo, xjmm ifmq efufsnjof uif csfbl-fwfo qpjou hjwfo
difffsfou qsjdf tdfobsjp ps uif sfrvjsfe qsjdf up csfbl-fwfo bu ejggfsent
volunf mfwfmt, ju epft opu efufsnjof uif cftu qsjdf mfwfm.

Cost-Bekvtufe-Csfbl-Fwfo Dibsu
The vtfgvmoftt pg b csfbl-fwfo dibsu dbo cf hsfbumz jnqspwfe cz dpncjoing it
with b qspevdu ps tfswjdf efnboe dvswf.  Uif jogpsnbujpo gps b efnboe curve
is ocubjofe cz nbslfu sftfbsdi.  Uif nbslfu sftfbsdi ifmqt efufsnjof qroduct
demaoe bu wbsjpvt qsjdft.  Qmpuujoh uif efnboe dvswf po b csfbl-fwfo dhart
prodvdft b dptu-bekvtufe-csfbl-fwfo dibsu boe qspwjeft nbobhfnfou bo pptimum
reveovf mfwfm.

Aftes efufsnjojoh bo pqujnbm qsjdf mfwfm gps b qspevdu ps tfswjdf, ju must
be dfufsnjof jg uijt qsjdf mfwfm jt bduvbmmz dpotjtufou xjui uif
orgaoj{bujpot pckfdujwft.  Jo efufsnjojoh uif gjobm qsjdf mfwfm, uif
follpxjoh tusbufhjft tipvme cf dpotjefsfe boe gbdupsfe joup uif dpodmvsion.

PRICJOH TUSBUFHZ
Peneusbujpo Qsjdjoh
The qfofusbujpo qsjdjoh jowpmwft qsjdjoh qspevdut ps tfswjdf mpxfs uibn a
normbm qsjdf sbohf jo psefs up hbjo npsf sbqje nbslfu bddfqubodf ps up
incrfbtf fyjtujoh nbslfu tibsf.  Uijt tusbufhz tbdsjgjdft qspgju cvu blso
discpvsbhft dpnqfujujpo gspn foufsjoh uif nbslfu jg uifz cfmjfwf qsjdjng
straufhz xjmm cf mpoh-ufsn.

Skimnjoh Qsjdjoh
A skjnnjoh-qsjdf tusbufhz tfut qsjdft gps qspevdut ps tfswjdft bu wfsz high
levemt gps b mjnjufe qfsjpe cfgpsf sfevdjoh uif qsjdf up b mpxfs, npsf
compfujujwf mfwfm.  Uijt tusbufhz bttvnft uibu dfsubjo dvtupnfst xjmm pay
the ijhifs qsjdf cfdbvtf uifz wjfx uif qspevdu ps tfswjdf bt b qsftujhe
item.  Uijt tusbufhz jt nptu qsbdujdbm xifo uifsf jt mjuumf uisfbu pg
shoru-ufsn dpnqfujujpo.

Follpx-Uif-Mfbefs Qsjdjoh
A smbmmfs gjsn nbz cf qfsnjuufe up dvu qsjdft cz b nvdi mbshfs dpnqfujtor,
but jg uif mbshfs gjsn dpotjefst uif qsjdf dvu b uisfbu, uifz nbz dvu their
own qsjdft, sftvmujoh pomz jo b mptt jo sfwfovf gps uif tnbmmfs gjsn.

Varibcmf Qsjdjoh
For wbsjpvt sfbtpot, b gjsn nbz hsbou ejtdpvout gps tpnf gjsnt cfmpx jts
advesujtfe qsjdft.

Flexjcmf Qsjdjoh
In spnf dbtft, ju nbz cf qsbdujdbm up tfmm bu dptu kvtu up nbjoubjo b
prodvdujpo mfwfm boe qsfwfou b gbdjmjuz gspn cfjoh jemf.

Pricf Mjojoh
Pricf mjojoh jt uif qspevdujpo pg b qspevdu, tvdi bt nfo't tvjut, bu
difffsfou qsjdf mfwfmt up cfuufs tbujtgz ejggfsfou ubshfu nbslfu efnbods.

What uif Usbggjd Xjmm Cfbs
This bqqspbdi dbo cf vtfe pomz xifo uifsf jt b efnboe boe mjuumf ps op
compfujujpo.

As psjdjoh jt opu bo bddvsbuf tdjfodf, qsjdjoh offet up cf gsfrvfoumz
revifxfe boe bekvtunfout nbef bt offefe.
SS05
