\u0634\u0647\u0627\u062f\u0629 CAPM \u0647\u064a \u0634\u0647\u0627\u062f\u0629 \u0645\u0639\u062a\u0631\u0641 \u0628\u0647\u0627 \u0639\u0627\u0644\u0645\u064a\u064b\u0627 \u0641\u064a \u0645\u062c\u0627\u0644 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u0648\u062a\u064f\u0639\u062f \u0647\u0630\u0647 \u0627\u0644\u0634\u0647\u0627\u062f\u0629 \u062e\u064a\u0627\u0631\u0627\u064b \u062c\u064a\u062f\u0627\u064b \u062c\u062f\u0627\u064b \u0644\u0623\u0648\u0644\u0626\u0643 \u0627\u0644\u0630\u064a\u0646 \u0647\u0645 \u062d\u062f\u064a\u062b\u0648 \u0627\u0644\u062a\u062e\u0631\u062c \u0648\u064a\u0631\u063a\u0628\u0648\u0646 \u0641\u064a \u0645\u062a\u0627\u0628\u0639\u0629 \u062d\u064a\u0627\u062a\u0647\u0645 \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0641\u064a \u0645\u062c\u0627\u0644 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u0648\u0628\u0645\u062c\u0631\u062f \u062d\u0635\u0648\u0644\u0643 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0629 \u0645\u0633\u0627\u0639\u062f \u0645\u0639\u062a\u0645\u062f \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 (CAPM)\u060c \u0641\u0625\u0646\u0643 \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0641\u062a\u0631\u0629 \u0632\u0645\u0646\u064a\u0629 \u0645\u0639\u064a\u0646\u0629 \u0645\u0646 \u0627\u0644\u0635\u0644\u0627\u062d\u064a\u0629. \u064a\u064f\u0637\u0644\u0628 \u0627\u0644\u0622\u0646 \u0645\u0646 \u062d\u0627\u0645\u0644\u064a \u0634\u0647\u0627\u062f\u0629 \u0645\u0633\u0627\u0639\u062f \u0645\u0639\u062a\u0645\u062f \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 (CAPM) \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a (PDUs) \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u062a\u0647\u0645. \u0648\u0647\u0630\u0627 \u0633\u064a\u0645\u0643\u0646\u0643 \u0645\u0646 \u0627\u0644\u062a\u0645\u062a\u0639 \u0628\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0628\u0645\u0632\u0627\u064a\u0627 \u0634\u0647\u0627\u062f\u0629 CAPM. \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0645\u0642\u0627\u0644\u0629\u060c \u0633\u0646\u0637\u0644\u0639\u0643 \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0645\u0642\u0627\u0644\u0629 \u0639\u0644\u0649 \u062a\u0641\u0627\u0635\u064a\u0644 \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0648\u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0644\u0634\u0647\u0627\u062f\u0629 CAPM.
\n\u0634\u0647\u0627\u062f\u0629 CAPM
\n\u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 – \u0647\u064a\u0626\u0629 \u0627\u0639\u062a\u0645\u0627\u062f \u0645\u0631\u0645\u0648\u0642\u0629 \u062a\u0642\u062f\u0645 \u0634\u0647\u0627\u062f\u0627\u062a \u0645\u062e\u062a\u0644\u0641\u0629 \u062a\u062a\u0639\u0644\u0642 \u0628\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u0634\u0647\u0627\u062f\u0629 CAPM \u0647\u064a \u0648\u0627\u062d\u062f\u0629 \u0645\u0646\u0647\u0627. \u0648\u0644\u0643\u0644 \u0634\u0647\u0627\u062f\u0629 \u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0634\u0647\u0627\u062f\u0627\u062a \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0647\u0627. \u0644\u0627 \u064a\u062d\u062f\u062f \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0647\u0630\u0647 \u0627\u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0644\u064a\u0633 \u0641\u0642\u0637 \u0644\u0644\u062a\u0642\u062f\u0645 \u0644\u0644\u0627\u0645\u062a\u062d\u0627\u0646. \u0648\u0644\u0643\u0646 \u064a\u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0623\u064a\u0636\u064b\u0627 \u0645\u0646 \u0642\u0628\u0644 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0644\u062a\u062c\u062f\u064a\u062f \u0627\u0644\u0634\u0647\u0627\u062f\u0629. \u0648\u0643\u0630\u0644\u0643 \u0627\u0644\u062d\u0627\u0644 \u0645\u0639 \u0634\u0647\u0627\u062f\u0629 CAPM. \u0644\u0630\u0644\u0643 \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0637\u0627\u0645\u062d\u064a\u0646 \u0641\u064a \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0629 CAPM \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a CAPM \u0647\u0630\u0647 \u0644\u0644\u062c\u0644\u0648\u0633 \u0641\u064a \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0644\u0623\u0648\u0644 \u0645\u0631\u0629 \u0648\u0643\u0630\u0644\u0643 \u0644\u064a\u0635\u0628\u062d\u0648\u0627 \u0645\u0624\u0647\u0644\u064a\u0646 \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM.
\n\u064a\u0642\u062f\u0645 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0637\u0631\u064a\u0642\u0629 \u062c\u062f\u064a\u062f\u0629 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0629 CAPM \u0646\u0634\u0637\u0629
\n\u062a\u062a\u0637\u0644\u0628 \u062c\u0645\u064a\u0639 \u0634\u0647\u0627\u062f\u0627\u062a \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0627\u0644\u062a\u064a \u064a\u0642\u062f\u0645\u0647\u0627 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0645\u0646 \u0627\u0644\u0645\u0647\u0646\u064a\u064a\u0646 \u062a\u0631\u0642\u064a\u0629 \u0645\u0647\u0627\u0631\u0627\u062a\u0647\u0645 \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u062a\u062a\u0637\u0644\u0628 \u062c\u0645\u064a\u0639 \u0647\u0630\u0647 \u0627\u0644\u0634\u0647\u0627\u062f\u0627\u062a \u062a\u062c\u062f\u064a\u062f\u0647\u0627 \u0628\u0639\u062f \u0641\u062a\u0631\u0629 \u0632\u0645\u0646\u064a\u0629 \u062f\u0648\u0631\u064a\u0629 \u0645\u0639\u064a\u0646\u0629. \u0648\u064a\u0636\u0639 \u0647\u0630\u0627 \u0623\u064a\u0636\u064b\u0627 \u0645\u0639\u0627\u064a\u064a\u0631 \u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u062a\u062c\u062f\u064a\u062f \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0647\u0646\u064a\u064a\u0646 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0647\u0627\u060c \u0645\u0646 \u0623\u062c\u0644 \u062a\u062c\u062f\u064a\u062f \u0623\u0648\u0631\u0627\u0642 \u0627\u0639\u062a\u0645\u0627\u062f\u0647\u0645.
\n\u0641\u064a \u0648\u0642\u062a \u0633\u0627\u0628\u0642\u060c \u0643\u0627\u0646\u062a \u0634\u0647\u0627\u062f\u0629 CAPM \u0635\u0627\u0644\u062d\u0629 \u0644\u0645\u062f\u0629 \u062e\u0645\u0633 \u0633\u0646\u0648\u0627\u062a. \u0648\u0639\u0646\u062f \u0627\u0646\u062a\u0647\u0627\u0621 \u0647\u0630\u0647 \u0627\u0644\u0633\u0646\u0648\u0627\u062a \u0627\u0644\u062e\u0645\u0633\u060c \u0643\u0627\u0646 \u064a\u062a\u0639\u064a\u0646 \u0639\u0644\u0649 \u062d\u0627\u0645\u0644\u064a \u0634\u0647\u0627\u062f\u0629 CAPM \u0625\u0639\u0627\u062f\u0629 \u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631 \u0623\u0648 \u0627\u0644\u062a\u0631\u0642\u064a\u0629 \u0625\u0644\u0649 PMP. \u0623\u0645\u0627 \u0627\u0644\u0622\u0646 \u0641\u0642\u062f \u062d\u062f\u062f \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0639\u0645\u0644\u064a\u0629 \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u062a\u0645\u0627\u0645\u064b\u0627 \u0645\u062b\u0644 \u0627\u0644\u0634\u0647\u0627\u062f\u0627\u062a \u0627\u0644\u0623\u062e\u0631\u0649. \u0644\u0630\u0627 \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0622\u0646 \u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a PDU \u0648\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0643.
\n\u0648\u0628\u0639\u0628\u0627\u0631\u0629 \u0623\u062e\u0631\u0649\u060c \u0644\u0645 \u064a\u0639\u062f \u062d\u0627\u0645\u0644\u0648 \u0634\u0647\u0627\u062f\u0629 CAPM \u0628\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u0637\u0644\u0628\u060c \u0648\u062f\u0641\u0639 \u0631\u0633\u0648\u0645 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631 \u0643\u0627\u0645\u0644\u0629\u060c \u062b\u0645 \u0625\u0639\u0627\u062f\u0629 \u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u062f\u0648\u0631\u0629 \u0627\u0644\u0634\u0647\u0627\u062f\u0629. \u0648\u0627\u0644\u0622\u0646 \u064a\u062d\u062a\u0627\u062c\u0648\u0646 \u0625\u0644\u0649 \u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a (PDUs) \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u062b\u0644\u0627\u062b \u0633\u0646\u0648\u0627\u062a \u0645\u0646 \u062f\u0648\u0631\u0629 \u0627\u0644\u0634\u0647\u0627\u062f\u0629.
\n\u0648\u0648\u0641\u0642\u064b\u0627 \u0644\u0623\u062d\u062f\u062b \u0627\u0644\u0623\u0628\u062d\u0627\u062b\u060c \u064a\u0639\u062a\u0642\u062f \u062d\u0627\u0645\u0644\u0648 \u0634\u0647\u0627\u062f\u0629 CAPM \u0623\u0646 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a (PDUs) \u0647\u064a \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0623\u0643\u062b\u0631 \u0642\u064a\u0645\u0629 \u0644\u0648\u0642\u062a\u0647\u0645 \u0648\u062c\u0647\u062f\u0647\u0645. \u0644\u0623\u0646\u0647\u0627 \u062a\u062a\u064a\u062d \u0644\u0647\u0645 \u0645\u0648\u0627\u0643\u0628\u0629 \u0627\u0644\u062a\u0637\u0648\u0631\u0627\u062a \u0648\u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u0639\u0644\u0627\u0648\u0629 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0647\u0630\u0647 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0623\u0633\u0647\u0644 \u0648\u0623\u0642\u0644 \u062a\u0643\u0644\u0641\u0629 \u0644\u062d\u0627\u0645\u0644\u064a \u0634\u0647\u0627\u062f\u0629 CAPM. \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u0642\u062f\u0645 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u062a\u0646\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0637\u0631\u0642 \u0644\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u0645\u0637\u0644\u0648\u0628\u0629 \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM. \u0644\u0630\u0627 \u064a\u062c\u062f \u0627\u0644\u0623\u0641\u0631\u0627\u062f \u0623\u0646 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a PDUs \u0630\u0627\u062a \u0642\u064a\u0645\u0629 \u0645\u0636\u0627\u0641\u0629 \u0648\u0633\u0647\u0644\u0629 \u0641\u064a \u0646\u0641\u0633 \u0627\u0644\u0648\u0642\u062a.
\n\u062e\u0637\u0648\u0627\u062a \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM
\n\u0647\u0646\u0627\u0643 \u062b\u0644\u0627\u062b \u062e\u0637\u0648\u0627\u062a \u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0627\u0643\u0633\u0628 15 \u0633\u0627\u0639\u0629 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u0645\u0637\u0644\u0648\u0628\u0629 \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0623\u0631\u0633\u0644 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u0645\u0643\u062a\u0633\u0628\u0629 \u0641\u064a \u0645\u0644\u0641\u0643 \u0627\u0644\u0634\u062e\u0635\u064a \u0644\u062f\u0649 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0627\u062f\u0641\u0639 \u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u062c\u062f\u064a\u062f \u0648\u062c\u062f\u062f \u0634\u0647\u0627\u062f\u0629 CAPM
\n\u064a\u0644\u062e\u0635 \u0627\u0644\u062c\u062f\u0648\u0644 \u0627\u0644\u062a\u0627\u0644\u064a \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u0645\u0643\u062a\u0633\u0628\u0629 \u0648\u062a\u0643\u0644\u0641\u0629 \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM.
\n\u0633\u0646\u0633\u062a\u0639\u0631\u0636 \u0627\u0644\u062a\u0641\u0627\u0635\u064a\u0644 \u062e\u0644\u0627\u0644 \u0627\u0644\u0645\u0646\u0634\u0648\u0631.
\n\u062f\u0648\u0631\u0627\u062a \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0644\u062f\u064a\u0646\u0627 \u062a\u0643\u0633\u0628\u0643 \u0648\u062d\u062f\u0627\u062a PDU! \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0639\u062f\u062f \u0648\u062d\u062f\u0627\u062a PDU \u0627\u0644\u062a\u064a \u062a\u0648\u0641\u0631\u0647\u0627 \u062f\u0648\u0631\u0627\u062a \u0623\u0643\u0627\u062f\u064a\u0645\u064a\u0629 SPOTO \u0641\u064a \u0645\u0635\u0641\u0648\u0641\u0629 \u0642\u0627\u0626\u0645\u0629 \u0648\u062d\u062f\u0627\u062a PDU.
\n\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0648\u062d\u062f\u0629 \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 (CAPM)
\n\u064a\u062d\u062a\u0627\u062c \u062d\u0627\u0645\u0644\u0648 \u0634\u0647\u0627\u062f\u0629 CAPM \u0625\u0644\u0649 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u0629 \u0641\u064a \u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0648\u0627\u0644\u062a\u0639\u0644\u0645. \u0633\u062a\u0633\u0645\u062d \u0647\u0630\u0647 \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0644\u0644\u0645\u0647\u0646\u064a\u064a\u0646 \u0628\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a PDU. \u0641\u064a \u0648\u0627\u0642\u0639 \u0627\u0644\u0623\u0645\u0631\u060c \u0633\u064a\u0624\u062f\u064a \u0647\u0630\u0627 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u0627\u0644\u0645\u0637\u0627\u0641 \u0625\u0644\u0649 \u062a\u0646\u0645\u064a\u0629 \u0648\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0645\u0627\u0631\u0633.
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\n\u0627\u0644\u0645\u0639\u062a\u0645\u062f\u0629. \u064a\u0643\u0633\u0628\u0643 \u0643\u0644 \u0646\u0634\u0627\u0637 \u0645\u0646 \u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u0642\u0627\u0628\u0644 \u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629 \u062a\u0642\u0636\u064a\u0647\u0627 \u0641\u064a \u0627\u0644\u0646\u0634\u0627\u0637.
\n\u0648\u0641\u0642\u064b\u0627 \u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a\u060c \u0625\u0630\u0627 \u0643\u0646\u062a \u062d\u0627\u0635\u0644\u064b\u0627 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0629 CAPM\u060c \u0641\u0623\u0646\u062a \u0628\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 \u0643\u0633\u0628 15 \u0648\u062d\u062f\u0629 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u062e\u0644\u0627\u0644 3 \u0633\u0627\u0639\u0627\u062a \u0645\u0646 \u062f\u0648\u0631\u0629 \u0627\u0644\u0623\u0630\u0646\u064a\u0646. \u064a\u062a\u0645 \u062a\u0642\u0633\u064a\u0645 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u0640 15 \u0647\u0630\u0647 \u0639\u0644\u0649 \u0627\u0644\u0646\u062d\u0648 \u0627\u0644\u062a\u0627\u0644\u064a:
\n\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM: \u0648\u062d\u062f\u0627\u062a \u062a\u0637\u0648\u064a\u0631 \u0645\u0647\u0646\u064a \u062a\u0639\u0644\u064a\u0645\u064a\u0629
\n\u064a\u0645\u0643\u0646\u0643 \u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a PDU \u0647\u0630\u0647 \u0639\u0646\u062f\u0645\u0627 \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0627\u0644\u0645\u0633\u062a\u0645\u0631. \u0647\u0646\u0627\u0643 \u062d\u062f \u0623\u062f\u0646\u0649 \u0645\u0646 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 9 \u0648\u062d\u062f\u0627\u062a \u062a\u0639\u0644\u064a\u0645\u064a\u0629 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0627\u0644\u0645\u0633\u062a\u0645\u0631. \u0648\u0647\u0630\u0627 \u064a\u0639\u0646\u064a \u0623\u0646\u0647 \u064a\u062c\u0628 \u0623\u0646 \u062a\u0643\u0633\u0628 9 \u0648\u062d\u062f\u0627\u062a PDU \u0643\u062d\u062f \u0623\u062f\u0646\u0649 \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0629. \u064a\u0645\u0643\u0646\u0643 \u062d\u0636\u0648\u0631 \u062d\u0632\u0645\u0629 \u0627\u0644\u062a\u062f\u0631\u064a\u0628 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0623\u062f\u0627\u0621 \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a \u0627\u0644\u0640 15 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0623\u062f\u0627\u0621 \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a (CAPM) \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0647\u0630\u0627 \u0627\u0644\u0645\u062a\u0637\u0644\u0628.
\n\u0645\u0646 \u0627\u0644\u0645\u0647\u0645 \u0623\u0646 \u062a\u0641\u0647\u0645 \u0623\u0646 \u0623\u0646\u0634\u0637\u0629 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a \u064a\u062c\u0628 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0645\u062c\u0627\u0644\u0627\u062a \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0641\u064a \u0645\u062b\u0644\u062b \u0645\u0648\u0627\u0647\u0628 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a. \u0647\u0646\u0627\u0643 3 \u0641\u0626\u0627\u062a \u062f\u0627\u062e\u0644 \u0645\u062b\u0644\u062b PMI \u0643\u0645\u0627 \u0647\u0648 \u0648\u0627\u0636\u062d \u0645\u0646 \u0627\u0633\u0645\u0647.
\n\u062a\u0634\u0645\u0644 \u0641\u0626\u0627\u062a \u0648\u062d\u062f\u0627\u062a \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0647\u0630\u0647 \u0648\u0641\u0642\u064b\u0627 \u0644\u062a\u062f\u0631\u064a\u0628 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a: \u0637\u0631\u0642 \u0627\u0644\u0639\u0645\u0644
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\n\u0648\u064a\u0634\u0645\u0644 \u0630\u0644\u0643 \u0627\u0644\u0645\u0639\u0631\u0641\u0629 \u0648\u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u0639\u0644\u0642\u0629 \u0628\u0645\u0648\u0627\u0621\u0645\u0629 \u0641\u0631\u064a\u0642\u0643 \u0628\u0637\u0631\u064a\u0642\u0629 \u062a\u0624\u062f\u064a \u0625\u0644\u0649 \u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0623\u062f\u0627\u0621 \u0648\u062a\u062d\u0633\u064a\u0646 \u0646\u062a\u0627\u0626\u062c \u0627\u0644\u0623\u0639\u0645\u0627\u0644.
\n\u062a\u0642\u062f\u0645 \u0644\u0643 \u0623\u0643\u0627\u062f\u064a\u0645\u064a\u0629 \u0633\u0628\u0648\u062a\u0648 \u062d\u0632\u0645\u0629 \u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0645\u062c\u0627\u0646\u064a\u0629 \u0628\u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 (CAPM) \u0648\u062a\u0643\u0633\u0628\u0643 \u0633\u0627\u0639\u062a\u064a\u0646 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0645\u062c\u0627\u0646\u0627\u064b. \u0633\u062c\u0651\u0644 \u0627\u0644\u0622\u0646!
\n\u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0643\u0633\u0628 2 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0636\u0645\u0646 \u0643\u0644 \u0641\u0626\u0629 \u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0627\u062a \u0644\u062a\u0644\u0628\u064a\u0629 \u0645\u062a\u0637\u0644\u0628\u0627\u062a 9 \u0648\u062d\u062f\u0627\u062a PDU. \u0648\u0628\u0645\u062c\u0631\u062f \u062d\u0635\u0648\u0644\u0643 \u0639\u0644\u0649 2 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0641\u064a \u0643\u0644 \u0641\u0626\u0629 \u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0627\u062a \u0627\u0644\u062b\u0644\u0627\u062b\u060c \u064a\u0645\u0643\u0646\u0643 \u0643\u0633\u0628 \u0645\u0627 \u062a\u0631\u064a\u062f\u0647 \u0641\u064a \u0625\u062d\u062f\u0649 \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0627\u062a.
\n\u062a\u062c\u062f\u064a\u062f CAPM: \u0631\u062f \u0627\u0644\u062c\u0645\u064a\u0644 \u0644\u0648\u062d\u062f\u0627\u062a PDUs
\n\u064a\u062f\u0631\u0643 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0623\u0646 \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u0629 \u0641\u064a \u0627\u0644\u0645\u0647\u0646\u0629 \u062a\u062a\u0637\u0644\u0628 \u0645\u0634\u0627\u0631\u0643\u0629 \u0645\u0639\u0631\u0641\u062a\u0643 \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u062a\u0637\u0628\u064a\u0642 \u0645\u0647\u0627\u0631\u0627\u062a\u0643. \u0648\u0645\u0646 \u062b\u0645\u060c \u0644\u0627 \u064a\u0631\u0643\u0632 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0639\u0644\u0649 \u062a\u0637\u0648\u064a\u0631 \u0645\u0647\u0627\u0631\u0627\u062a\u0643 \u0641\u062d\u0633\u0628\u060c \u0628\u0644 \u0639\u0644\u0649 \u0645\u0634\u0627\u0631\u0643\u0629 \u0645\u0639\u0631\u0641\u062a\u0643. \u0648\u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0631\u062f \u0627\u0644\u062c\u0645\u064a\u0644 \u0644\u0644\u0645\u062c\u062a\u0645\u0639 \u0623\u0648 \u0627\u0644\u0645\u0647\u0646\u0629 \u0647\u0648 \u0623\u062d\u062f \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u0645\u062c\u0632\u064a\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0647. \u064a\u0634\u0639\u0631 \u0627\u0644\u0645\u062d\u062a\u0631\u0641\u0648\u0646 \u0628\u0627\u0644\u0631\u0636\u0627 \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u064a\u0639\u0632\u0632 \u0630\u0644\u0643 \u0645\u0646 \u0645\u0647\u0627\u0631\u0627\u062a\u0647\u0645 \u0623\u064a\u0636\u064b\u0627.
\n\u0648\u0645\u0646 \u062b\u0645 \u064a\u0636\u0639 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0629 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0641\u064a \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u062c\u062f\u064a\u062f. \u064a\u0645\u0643\u0646\u0643 \u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0647\u0630\u0647 \u0639\u0646\u062f\u0645\u0627 \u062a\u0634\u0627\u0631\u0643 \u0645\u0639\u0631\u0641\u062a\u0643 \u0648\u062a\u0644\u0639\u0628 \u062f\u0648\u0631\u0643 \u0641\u064a \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u062c\u062a\u0645\u0639. \u0647\u0646\u0627\u0643 \u062d\u062f \u0623\u0642\u0635\u0649 \u0644\u0627\u0643\u062a\u0633\u0627\u0628 6 \u0648\u062d\u062f\u0627\u062a PDU \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0639\u0637\u0627\u0621.
\n\u062a\u0634\u0645\u0644 \u0641\u0626\u0627\u062a \u0648\u062d\u062f\u0627\u062a PDU \u0647\u0630\u0647 \u0645\u0627 \u064a\u0644\u064a: \u0627\u0644\u0639\u0645\u0644 \u0643\u0645\u062d\u062a\u0631\u0641
\n\u0625\u0630\u0627 \u0643\u0646\u062a \u062a\u0639\u0645\u0644 \u0643\u0645\u062d\u062a\u0631\u0641\u060c \u0641\u0625\u0646 \u0647\u0630\u0627 \u064a\u0639\u062a\u0628\u0631 \u0628\u0645\u062b\u0627\u0628\u0629 \u0645\u0633\u0627\u0647\u0645\u062a\u0643 \u062a\u062c\u0627\u0647 \u0645\u0639\u0647\u062f\u0643 \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u062a\u062c\u0627\u0647 \u0627\u0644\u0645\u062c\u062a\u0645\u0639. \u0633\u062a\u0643\u0633\u0628 2 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0629 \u0627\u0644\u062a\u0637\u0648\u0639 \u0648\u062e\u0644\u0642 \u0627\u0644\u0645\u0639\u0631\u0641\u0629
\n\u0645\u0646 \u0623\u062c\u0644 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a PDU \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0629\u060c \u0633\u064a\u064f\u0637\u0644\u0628 \u0645\u0646\u0643 \u0625\u0645\u0627 \u0627\u0644\u062a\u0637\u0648\u0639 \u0641\u064a \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0623\u0648 \u0625\u0646\u0634\u0627\u0621 \u0627\u0644\u0645\u0639\u0631\u0641\u0629 \u0648\u0646\u0634\u0631 \u0627\u0644\u0645\u0639\u0631\u0641\u0629 \u0644\u0644\u0645\u062c\u0645\u0648\u0639\u0627\u062a \u0623\u0648 \u0627\u0644\u0623\u0641\u0631\u0627\u062f\u060c \u064a\u0645\u0643\u0646\u0643 \u0643\u0633\u0628 4 \u0648\u062d\u062f\u0627\u062a PDU \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0641\u0626\u0629.
\n\u0637\u0631\u0642 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0648\u062d\u062f\u0629 PDU \u0645\u0646 CAPM
\n\u064a\u0642\u062f\u0645 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0628\u0631\u0646\u0627\u0645\u062c \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0634\u0647\u0627\u062f\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 (CCR). \u062a\u0645 \u062a\u0637\u0648\u064a\u0631 \u0647\u0630\u0627 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u062f\u0631\u0627\u0633\u0629 \u0645\u062f\u0631\u0648\u0633\u0629 \u0644\u0644\u063a\u0627\u064a\u0629. \u0648\u0647\u0648 \u064a\u0634\u0645\u0644 \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a \u0627\u0644\u0645\u0633\u062a\u0645\u0631 \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0644\u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0634\u0647\u0627\u062f\u0627\u062a. \u0648\u0647\u0630\u0627 \u064a\u0624\u0647\u0644\u0647\u0645 \u0644\u062a\u0644\u0628\u064a\u0629 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0635\u0646\u0627\u0639\u0629 \u0627\u0644\u062f\u064a\u0646\u0627\u0645\u064a\u0643\u064a\u0629.
\n\u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0645\u0646 \u0628\u0631\u0646\u0627\u0645\u062c CCR \u0647\u0648 \u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u062a\u0639\u0644\u0645 \u0648\u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0633\u062a\u0645\u0631 \u0644\u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0634\u0647\u0627\u062f\u0627\u062a. \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u0648\u0641\u0631 \u0628\u0631\u0646\u0627\u0645\u062c CCR \u0623\u064a\u0636\u064b\u0627 \u0627\u0644\u062a\u0648\u062c\u064a\u0647 \u0641\u064a \u0645\u062c\u0627\u0644\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631. \u0648\u0647\u0630\u0627 \u064a\u0636\u0645\u0646 \u0645\u0644\u0627\u0621\u0645\u0629 \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u064a\u0646 \u0627\u0644\u0645\u0639\u062a\u0645\u062f\u064a\u0646. \u0648\u0639\u0644\u0627\u0648\u0629 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u0634\u062c\u0639 \u0628\u0631\u0646\u0627\u0645\u062c CCR \u0641\u0631\u0635 \u0627\u0644\u062a\u0639\u0644\u0645 \u0627\u0644\u0641\u0631\u062f\u064a \u0648\u064a\u0639\u062a\u0631\u0641 \u0628\u0647\u0627. \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u0642\u062f\u0645 \u0628\u0631\u0646\u0627\u0645\u062c CCR \u0622\u0644\u064a\u0629 \u0644\u062a\u0633\u062c\u064a\u0644 \u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a. \u0648\u0647\u0630\u0627 \u064a\u0645\u0643\u0651\u0646 \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0634\u0647\u0627\u062f\u0627\u062a \u0645\u0646 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0627\u062a\u0647\u0645 \u0627\u0644\u0631\u0627\u0626\u062f\u0629.
\n\u064a\u0648\u0641\u0631 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0641\u0631\u0635\u064b\u0627 \u0648\u0637\u0631\u0642\u064b\u0627 \u0645\u062e\u062a\u0644\u0641\u0629 \u0644\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0641\u064a \u0643\u0644 \u0645\u0646 \u0627\u0644\u0641\u0626\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0648\u062d\u062f\u0627\u062a \u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0646\u064a \u0627\u0644\u0645\u0630\u0643\u0648\u0631\u0629 \u0623\u0639\u0644\u0627\u0647. \u0633\u0646\u0634\u0627\u0631\u0643\u0643 \u062a\u0641\u0627\u0635\u064a\u0644 \u0647\u0630\u0647 \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0623\u062f\u0646\u0627\u0647.
\n\u062e\u064a\u0627\u0631 \u0648\u062d\u062f\u0627\u062a PDU \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM: \u0627\u0644\u062a\u0639\u0644\u064a\u0645
\n\u062f\u0639\u0646\u0627 \u0646\u0644\u0642\u064a \u0646\u0638\u0631\u0629 \u0639\u0627\u0645\u0629 \u0639\u0644\u0649 \u062e\u064a\u0627\u0631\u0627\u062a \u0648\u062d\u062f\u0629 \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 (CAPM PDU) \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0636\u0645\u0646 \u0641\u0626\u0629 \u0627\u0644\u062a\u0639\u0644\u064a\u0645. \u0648\u062a\u0634\u0645\u0644 \u0647\u0630\u0647 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a:
\n\u062e\u064a\u0627\u0631 \u0648\u062d\u062f\u0629 \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0634\u062e\u0635\u064a\u0629 \u0644\u062a\u062c\u062f\u064a\u062f CAPM \u0627\u0644\u062e\u064a\u0627\u0631 1 – \u0627\u0644\u062f\u0648\u0631\u0629 \u0623\u0648 \u0627\u0644\u062a\u062f\u0631\u064a\u0628
\n\u062d\u064a\u062b \u064a\u062a\u0645 \u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0647\u0630\u0647 \u0627\u0644\u0623\u064a\u0627\u0645 \u0628\u062a\u0646\u0633\u064a\u0642\u0627\u062a \u0645\u062e\u062a\u0644\u0641\u0629. \u0648\u064a\u0634\u0645\u0644 \u0630\u0644\u0643 \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0641\u064a \u0627\u0644\u0641\u0635\u0648\u0644 \u0627\u0644\u062f\u0631\u0627\u0633\u064a\u0629 \u0628\u0642\u064a\u0627\u062f\u0629 \u0645\u062f\u0631\u0628\u060c \u0648\u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u064a\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a\u060c \u0648\u0635\u064a\u063a\u0629 \u0627\u0644\u062a\u0639\u0644\u0645 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a. \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u0627\u062a \u0628\u0623\u064a \u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u062a\u0646\u0633\u064a\u0642\u0627\u062a. \u064a\u062a\u0645 \u062a\u0642\u062f\u064a\u0645 \u0647\u0630\u0647 \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0645\u0646 \u0642\u0628\u0644 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u0643\u0630\u0644\u0643 \u0645\u0646 \u0642\u0628\u0644 \u0623\u0637\u0631\u0627\u0641 \u062b\u0627\u0644\u062b\u0629.
\n\u0645\u0632\u0648\u062f\u0648 \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0627\u0644\u0645\u0633\u062c\u0644\u0648\u0646 (R.E.P.s) \u0643\u0645\u0627 \u064a\u0635\u0631\u062d \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0623\u064a\u0636\u064b\u0627 \u0644\u0644\u0645\u0646\u0638\u0645\u0627\u062a \u0628\u0635\u0641\u0629 \u0645\u0632\u0648\u062f\u064a \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0627\u0644\u0645\u0633\u062c\u0644\u064a\u0646 (R.E.P.s). \u0647\u0630\u0647 \u0647\u064a \u0627\u0644\u0645\u0646\u0638\u0645\u0627\u062a \u0627\u0644\u062a\u064a \u064a\u064f\u0633\u0645\u062d \u0644\u0647\u0627 \u0628\u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u062a\u062f\u0631\u064a\u0628 \u0639\u0644\u0649 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u0625\u0635\u062f\u0627\u0631 \u0648\u062d\u062f\u0627\u062a PDUs \u0644\u062a\u0644\u0628\u064a\u0629 \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0627\u0644\u0645\u0633\u062a\u0645\u0631 \u0627\u0644\u062a\u064a \u064a\u062d\u062a\u0627\u062c\u0647\u0627 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0639\u062b\u0648\u0631 \u0639\u0644\u0649 \u0645\u0642\u062f\u0645\u064a \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0627\u0644\u0645\u0633\u062c\u0644\u064a\u0646 (R.E.P.s) \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u0627\u062a \u0648\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a PDU.
\n\u0627\u0644\u0641\u0639\u0627\u0644\u064a\u0627\u062a \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a\u0629 \u064a\u0642\u062f\u0645 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0623\u064a\u0636\u0627\u064b \u0641\u0639\u0627\u0644\u064a\u0627\u062a \u062a\u0639\u0644\u064a\u0645\u064a\u0629 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u0641\u0631\u0648\u0639 \u0627\u0644\u0645\u062d\u0644\u064a\u0629. \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0627\u0646\u0636\u0645\u0627\u0645 \u0625\u0644\u0649 \u0641\u0631\u0639\u0643 \u0627\u0644\u0645\u062d\u0644\u064a \u0648\u0627\u0644\u0645\u0634\u0627\u0631\u0643\u0629 \u0641\u064a \u0641\u0639\u0627\u0644\u064a\u0627\u062a\u0647\u0645. \u0633\u062a\u0643\u0633\u0628\u0643 \u0647\u0630\u0647 \u0627\u0644\u0641\u0639\u0627\u0644\u064a\u0627\u062a \u0648\u062d\u062f\u0627\u062a PDUs \u0623\u064a\u0636\u064b\u0627.
\n\u0627\u0644\u0646\u062f\u0648\u0627\u062a \u0647\u0646\u0627\u0643 \u0628\u062f\u064a\u0644 \u0622\u062e\u0631 \u0644\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629: SeminarsWorld Virtual. \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0627\u0646\u0636\u0645\u0627\u0645 \u0625\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0641\u0631\u0635 \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a\u0629 \u0627\u0644\u0645\u0628\u0627\u0634\u0631\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0648\u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a PDUs. \u0644\u062f\u064a\u0647\u0645 \u0642\u0627\u0639\u062f\u0629 \u0645\u0639\u0631\u0641\u064a\u0629 \u0645\u0648\u0633\u0639\u0629 \u0648\u0645\u0633\u062a\u0645\u0631\u0629. \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0627\u062e\u062a\u064a\u0627\u0631 \u0645\u0646 \u0628\u064a\u0646 \u0623\u0643\u062b\u0631 \u0645\u0646 60 \u0646\u062f\u0648\u0629. \u064a\u0645\u0643\u0646\u0643 \u0627\u062e\u062a\u064a\u0627\u0631 \u0627\u0644\u062d\u0644\u0642\u0627\u062a \u0627\u0644\u062f\u0631\u0627\u0633\u064a\u0629 \u0627\u0633\u062a\u0646\u0627\u062f\u0627\u064b \u0625\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u062a\u0646\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0645\u062c\u0627\u0644\u0627\u062a. \u062a\u062a\u0631\u0627\u0648\u062d \u0647\u0630\u0647 \u0627\u0644\u062d\u0644\u0642\u0627\u062a \u0627\u0644\u062f\u0631\u0627\u0633\u064a\u0629 \u0645\u0646 \u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629 \u0625\u0644\u0649 1-4 \u0623\u064a\u0627\u0645.
\n\u062f\u0648\u0631\u0627\u062a \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u064a\u0642\u062f\u0645 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0623\u064a\u0636\u064b\u0627 \u062f\u0648\u0631\u0627\u062a \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0641\u064a \u062c\u0645\u064a\u0639 \u0645\u062c\u0627\u0644\u0627\u062a \u062a\u0637\u0648\u064a\u0631 \u0645\u0647\u0627\u0631\u0627\u062a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0629 CAPM \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0643 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0647\u0630\u0647 \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u062d\u064a\u062b \u064a\u062a\u0645 \u0627\u062d\u062a\u0633\u0627\u0628 \u0647\u0630\u0647 \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0628\u0648\u062d\u062f\u0627\u062a PDUs.
\n\u0627\u0644\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u0623\u0643\u0627\u062f\u064a\u0645\u064a\u0629 \u064a\u0639\u062a\u0645\u062f \u0645\u0631\u0643\u0632 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0623\u064a\u0636\u0627\u064b \u0627\u0644\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u0623\u0643\u0627\u062f\u064a\u0645\u064a\u0629. \u0648\u064a\u062a\u0645 \u062a\u0642\u062f\u064a\u0645 \u0647\u0630\u0647 \u0627\u0644\u0628\u0631\u0627\u0645\u062c \u062f\u0627\u062e\u0644 \u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u0645\u0639\u062a\u0645\u062f\u0629 \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0628\u0643\u0627\u0644\u0648\u0631\u064a\u0648\u0633 \u0648\u0627\u0644\u062f\u0631\u0627\u0633\u0627\u062a \u0627\u0644\u0639\u0644\u064a\u0627 \u0648\u0627\u0644\u062f\u0643\u062a\u0648\u0631\u0627\u0647. \u0644\u0630\u0644\u0643 \u0625\u0630\u0627 \u0643\u0646\u062a \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a\u060c \u0641\u0625\u0646\u0643 \u062a\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629 \u0645\u0639\u062a\u0645\u062f\u0629 \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u062f\u0648\u0631\u0627\u062a.
\n\u0643\u0645\u0627 \u064a\u0639\u062a\u0631\u0641 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0631\u0648\u0639\u0627\u062a (PMI) \u0623\u064a\u0636\u064b\u0627 \u0628\u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0627\u0644\u0631\u0633\u0645\u064a\u0629 \u0645\u0646 \u0645\u0642\u062f\u0645\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u064a\u0646 \u0627\u0644\u0622\u062e\u0631\u064a\u0646. \u0625\u0630\u0627 \u0648\u062c\u062f\u062a \u0628\u0631\u0627\u0645\u062c \u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u062c\u064a\u062f\u0629 \u0645\u0646 \u0645\u0642\u062f\u0645\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u062e\u062a\u064a\u0627\u0631 \u0648\u0643\u0633\u0628 \u0648\u062d\u062f\u0627\u062a PDUs \u0623\u064a\u0636\u064b\u0627.
\n\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0647\u0630\u0647 \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629\u060c \u0633\u062a\u0643\u0633\u0628 \u0648\u062d\u062f\u0629 PDU \u0648\u0627\u062d\u062f\u0629 \u0645\u0642\u0627\u0628\u0644 \u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u0646 \u0627\u0644\u062a\u0639\u0644\u064a\u0645. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0645\u0637\u0627\u0644\u0628\u0629 \u0628\u0648\u062d\u062f\u0627\u062a PDU \u0645\u0642\u0627\u0628\u0644 \u062a\u0644\u0643 \u0627\u0644\u0633\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062a\u0645\u0627\u0634\u0649 \u0645\u0639 \u0645\u062b\u0644\u062b \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0641\u0642\u0637. \u0639\u0644\u0627\u0648\u0629 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0633\u062a\u0643\u0648\u0646 \u0627\u0644\u0648\u062b\u0627\u0626\u0642 \u0645\u0637\u0644\u0648\u0628\u0629 \u0641\u064a \u062d\u0627\u0644\u0629 \u0627\u0644\u062a\u062f\u0642\u064a\u0642. \u062a\u0643\u0641\u064a \u0627\u0644\u0648\u062b\u064a\u0642\u0629 \u0627\u0644\u062a\u064a \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0628\u0645\u062b\u0627\u0628\u0629 \u062f\u0644\u064a\u0644 \u0639\u0644\u0649 \u0645\u0634\u0627\u0631\u0643\u062a\u0643.
\n\u0627\u0644\u062e\u064a\u0627\u0631 2 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0644\u062a\u062c\u062f\u064a\u062f CAPM – \u0627\u062c\u062a\u0645\u0627\u0639\u0627\u062a \u0627\u0644\u0645\u0646\u0638\u0645\u0629
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\n\u0647\u0646\u0627\u0643 \u062e\u064a\u0627\u0631 \u0622\u062e\u0631 \u0644\u0644\u062a\u0623\u0647\u0644 \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a PDU \u0648\u0647\u0648 \u0627\u0644\u0639\u0645\u0644 \u0643\u0645\u062a\u0637\u0648\u0639. \u0648\u064a\u0645\u0643\u0646\u0643 \u062a\u0642\u062f\u064a\u0645 \u062e\u062f\u0645\u0627\u062a\u0643 \u0643\u0645\u062a\u0637\u0648\u0639 \u0625\u0644\u0649 \u0645\u0646\u0638\u0645\u0627\u062a \u063a\u064a\u0631 \u0635\u0627\u062d\u0628 \u0627\u0644\u0639\u0645\u0644 \u0623\u0648 \u063a\u064a\u0631 \u0627\u0644\u0639\u0645\u0644\u0627\u0621. \u0644\u062f\u0649 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0645\u062c\u062a\u0645\u0639 \u0646\u0634\u0637 \u0645\u0646 \u0622\u0644\u0627\u0641 \u0627\u0644\u0645\u062a\u0637\u0648\u0639\u064a\u0646 \u0644\u062f\u0639\u0645 \u0627\u0644\u0645\u0647\u0646\u0629. \u064a\u0645\u0643\u0646\u0643 \u0623\u064a\u0636\u0627\u064b \u0627\u0644\u0627\u0646\u0636\u0645\u0627\u0645 \u0625\u0644\u0649 \u0645\u0639\u0647\u062f \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0643\u0645\u062a\u0637\u0648\u0639. \u064a\u0645\u0643\u0646\u0643 \u0645\u0639\u0631\u0641\u0629 \u0627\u0644\u0645\u0632\u064a\u062f \u0639\u0646 \u0627\u0644\u062a\u0637\u0648\u0639 \u0641\u064a \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u062a\u0643\u0633\u0628\u0643 \u0647\u0630\u0647 \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0623\u064a\u0636\u064b\u0627 \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u0642\u0627\u0628\u0644 \u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629 \u062a\u0642\u0636\u064a\u0647\u0627 \u0641\u064a \u0645\u0634\u0627\u0631\u0643\u0629 \u0627\u0644\u0645\u0639\u0631\u0641\u0629. \u0648\u0628\u0627\u0644\u0645\u062b\u0644\u060c \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0648\u062b\u0627\u0626\u0642 \u0644\u0644\u062a\u062f\u0642\u064a\u0642. \u0648\u0627\u0644\u062a\u064a \u062a\u062a\u0636\u0645\u0646 \u0645\u0644\u0627\u062d\u0638\u0627\u062a \u0648\u062a\u0648\u0627\u0631\u064a\u062e \u0645\u0634\u0627\u0631\u0643\u0627\u062a\u0643.
\n\u0647\u0644 \u064a\u0645\u0643\u0646\u0646\u064a \u0627\u0644\u0645\u0637\u0627\u0644\u0628\u0629 \u0628\u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629 \u0645\u0646 CAPM \u0643\u0643\u0633\u0648\u0631 \u0623\u064a\u0636\u064b\u0627\u061f
\n\u064a\u0645\u0643\u0646\u0643 \u0623\u064a\u0636\u064b\u0627 \u0627\u0644\u0645\u0637\u0627\u0644\u0628\u0629 \u0628\u0648\u062d\u062f\u0627\u062a PDU \u0643\u0643\u0633\u0648\u0631 \u062d\u064a\u062b \u0623\u0646\u0647 \u0644\u064a\u0633 \u0625\u0644\u0632\u0627\u0645\u064a\u064b\u0627 \u0623\u0646 \u062a\u0643\u0648\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0641\u0639\u0627\u0644\u064a\u0627\u062a \u0630\u0627\u062a \u0623\u0646\u0634\u0637\u0629 \u0645\u062a\u0639\u062f\u062f\u0629 \u0645\u0646 \u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629. \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0627\u0633\u062a\u063a\u0631\u0642 \u0627\u0644\u0646\u0634\u0627\u0637 90 \u062f\u0642\u064a\u0642\u0629. \u0647\u0630\u0627 \u064a\u0639\u0646\u064a \u0623\u0646\u0643 \u0633\u062a\u062d\u0635\u0644 \u0639\u0644\u0649 1.5 \u0648\u062d\u062f\u0629 PDU \u0644\u0647\u0630\u0627 \u0627\u0644\u0646\u0634\u0627\u0637.
\n\u0623\u0635\u063a\u0631 \u062c\u0632\u0621 \u0645\u0646 \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629 \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0631\u0621 \u0627\u0644\u0645\u0637\u0627\u0644\u0628\u0629 \u0628\u0647 \u0647\u0648 0.25\u060c \u0648\u0647\u0630\u0627 \u064a\u0639\u0643\u0633 \u0641\u062a\u0631\u0629 \u0632\u0645\u0646\u064a\u0629 \u0645\u062f\u062a\u0647\u0627 15 \u062f\u0642\u064a\u0642\u0629 \u0641\u064a \u0646\u0634\u0627\u0637 \u0645\u0624\u0647\u0644 \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0645\u0647\u0646\u064a\u0629. \u062a\u062d\u062a\u0627\u062c \u0641\u0642\u0637 \u0625\u0644\u0649 \u0627\u0644\u062a\u0623\u0643\u062f \u0645\u0646 \u0623\u0646 \u0648\u0642\u062a \u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u062e\u0627\u0635 \u0628\u0643 \u064a\u062a\u0645\u0627\u0634\u0649 \u0645\u0639 \u0648\u062d\u062f\u0629 PDU \u0627\u0644\u062a\u064a \u062a\u0637\u0627\u0644\u0628 \u0628\u0647\u0627 \u0641\u064a CAPM.
\n\u0633\u064a\u0627\u0633\u0627\u062a \u062a\u062c\u062f\u064a\u062f \u0648\u062d\u062f\u0629 \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 (PDU) \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0640 CAPM
\n\u0647\u0646\u0627\u0643 \u0628\u0639\u0636 \u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0645\u0647\u0645\u0629 \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0623\u0646 \u062a\u0639\u0631\u0641\u0647\u0627. \u0623\u0648\u0644\u0627\u064b\u060c \u064a\u062c\u0628 \u0623\u0646 \u062a\u0639\u0631\u0641 \u0623\u0646\u0647 \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 (CAPM PDU) \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0628\u0645\u062c\u0631\u062f \u062d\u0635\u0648\u0644\u0643 \u0639\u0644\u0649 \u0634\u0647\u0627\u062f\u0629 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u062b\u0627\u0646\u064a\u064b\u0627\u060c \u0644\u0627 \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0645\u0637\u0627\u0644\u0628\u0629 \u0628\u0648\u062d\u062f\u0627\u062a PDU \u0632\u0627\u0626\u062f\u0629 \u0639\u0646 \u0627\u0644\u062d\u0627\u062c\u0629. \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0630\u0644\u0643\u060c \u0625\u0630\u0627 \u062d\u0635\u0644\u062a \u0639\u0644\u0649 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0637\u0644\u0648\u0628\u0629 \u0641\u064a \u062f\u0648\u0631\u0629 \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u062e\u0644\u0627\u0644 \u0627\u0644\u0633\u0646\u0629 \u0627\u0644\u0623\u062e\u064a\u0631\u0629 \u0645\u0646 \u062f\u0648\u0631\u0629 \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u062a\u0643 \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062d\u062a\u0648\u0649 \u0627\u0644\u0645\u062d\u0644\u064a\u060c \u0641\u064a\u0645\u0643\u0646 \u062a\u0637\u0628\u064a\u0642\u0647\u0627 \u0639\u0644\u0649 \u062f\u0648\u0631\u0629 \u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0627\u0644\u062a\u0627\u0644\u064a\u0629.
\n\u0645\u0627 \u0647\u0648 \u062e\u064a\u0627\u0631 \u0648\u062d\u062f\u0629 PDU \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0627\u0644\u0645\u0646\u0627\u0633\u0628 \u0644\u064a\u061f
\n\u0644\u0642\u062f \u0648\u0641\u0631\u0646\u0627 \u0644\u0643 \u062e\u064a\u0627\u0631\u0627\u062a \u0645\u062e\u062a\u0644\u0641\u0629 \u0644\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u0648\u062d\u062f\u0629 \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM. \u062d\u062a\u0649 \u062a\u062a\u0645\u0643\u0646 \u0645\u0646 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0629 \u062a\u0637\u0648\u064a\u0631 \u0645\u0647\u0646\u064a \u0644\u062a\u062c\u062f\u064a\u062f \u0634\u0647\u0627\u062f\u0629 CAPM \u0644\u0644\u062a\u0623\u0647\u0644 \u0644\u062f\u0648\u0631\u0629 CCR \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0643. \u062a\u0639\u062a\u0645\u062f \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0631\u063a\u0628 \u0641\u064a \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0648\u062d\u062f\u0629 \u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0644\u062a\u062c\u062f\u064a\u062f CAPM \u0639\u0644\u0649 \u0627\u062e\u062a\u064a\u0627\u0631\u0643 \u0648\u062c\u062f\u0648\u0627\u0643\u060c \u0641\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0643\u062a\u0627\u0628\u0629 \u0645\u0642\u0627\u0644 \u0648\u0646\u0634\u0631\u0647 \u0641\u064a \u0648\u0631\u0642\u0629 \u0628\u062d\u062b\u064a\u0629 \u0647\u0648 \u0646\u0634\u0627\u0637 \u0648\u0627\u0633\u0639 \u0627\u0644\u0646\u0637\u0627\u0642 \u0648\u0642\u062f \u0644\u0627 \u062a\u062e\u062a\u0627\u0631 \u062c\u0645\u064a\u0639\u0643\u0645 \u0643\u062a\u0627\u0628\u0629 \u0645\u0642\u0627\u0644 \u0641\u064a \u0645\u062c\u0644\u0629.
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\n\u062a\u0642\u062f\u0645 \u0644\u0643 \u0623\u0643\u0627\u062f\u064a\u0645\u064a\u0629 SPOTO \u062d\u0632\u0645\u0629 \u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0645\u062c\u0627\u0646\u064a\u0629 \u0645\u0646 CAPM PDU \u0648\u062a\u0643\u0633\u0628 \u0633\u0627\u0639\u062a\u064a\u0646 \u0645\u0646 \u0648\u062d\u062f\u0627\u062a PDU \u0645\u062c\u0627\u0646\u064b\u0627. \u0633\u062c\u0651\u0644 \u0627\u0644\u0622\u0646!
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