Only for Michelle Kasyoki

profileamjad55
wb5ntp257662-6.pdf

Proofed Paper: ntp257662 - Sat Sep 2 0:12:40 EDT 2017

3DSHU�7LWOH� $PMDG�$OHQ]L 1R��RI�3DJHV� ����SDJHV 3DSHU�6W\OH� 0/$ 3DSHU�7\SH� &RPSDULVRQ 7DNHQ�(QJOLVK" <HV (QJOLVK�DV�6HFRQG�/DQJXDJH" <HV )HHGEDFN�$UHDV� 7RSLF�'HYHORSPHQW��:RUG�&KRLFH 3DSHU�*RDOV� ,�GR�QRW�NQRZ�ZKDW�WR�ZULWH�KHUH��SHUKDSV�WKH�QH[W�WLPH�,�ZLOO�

3URRILQJ�6XPPDU\� *UDGH����

+HOOR��$PMDG��7KDQN�\RX�IRU�VXEPLWWLQJ�\RXU�SDSHU��3OHDVH�UHIHU�WR�\RXU�*UDGLQJ�5XEULF�IRU�IXUWKHU�H[SODQDWLRQ�RI�WKHVH� FRPPHQWV�DQG�DVVHVVPHQWV���

:ULWLQJ��0HHWV�([SHFWDWLRQV

,GHDV�DUH�ZHOO�RUJDQL]HG��7UDQVLWLRQ�VHQWHQFHV�HIIHFWLYHO\�FRQQHFW�RQH�LGHD�WR�WKH�QH[W��7KH�HVVD\�LV�IUHH�RI�W\SRV�DQG� JUDPPDWLFDO�HUURUV�

(FRQRPLF�$QDO\VLV��1HHGV�,PSURYHPHQW

7KH�FDXVH�RI�WKH�GLIIHUHQFH�EHWZHHQ�WKH�WZR�FRQFOXVLRQV�LV�LQFRUUHFWO\�UHSRUWHG��7KH�H[SODQDWLRQ�RI�ZK\�WKH�WZR�FRQFOXVLRQV� GLIIHU�ODFNV�VXIILFLHQW�GHWDLO��7KH�FDXVHV�RI�WKH�FKDQJH�LQ�WKH�UDFLDO�FRPSRVLWLRQ�RI�WKH�&36�DUH�LQFRPSOHWHO\�RU�LQDFFXUDWHO\� H[SODLQHG��7KH�FDXVHV�RI�ELDV�WRZDUG�ORZHU�DYHUDJH�ZDJHV�LQ�%RUMDVಬ�VDPSOH�DUH�LQFRPSOHWHO\�RU�LQFRUUHFWO\�H[SODLQHG��

,I�WKLV�LV�\RXU�ILUVW�WLPH�VXEPLWWLQJ�WKLV�DVVLJQPHQW��\RX�KDYH�D�FKDQFH�WR�UHYLVH�DQG�UHVXEPLW�WKLV�SDSHU�EDVHG�RQ�WKH� IHHGEDFN�WKDW�KDV�EHHQ�SURYLGHG��+RZHYHU��LI�WKLV�LV�\RXU�VHFRQG�VXEPLVVLRQ��WKLV�LV�\RXU�ILQDO�JUDGH��7KDQN�\RX�IRU�XVLQJ� 1HW7XWRU��DQG�KDYH�D�JUHDW�GD\�

page 1 / 4

Proofed Paper: ntp257662 - Sat Sep 2 0:12:40 EDT 2017

*RRG�DQDO\VLV�

page 2 / 4

Proofed Paper: ntp257662 - Sat Sep 2 0:12:40 EDT 2017

*RRG�REVHUYDWLRQV��$UH� WKHUH�DQ\�RWKHU�IDFWRUV�WKDW� WKH�&36�VXUYH\�JLYHV�WR� H[SODLQ�WKH�FKDQJH�LQ�WKH� UDFLDO�FRPSRVLWLRQ"

:HUH�WKHUH�DQ\�RWKHU�IDFWRUV�WKDW� ZHUH�PHQWLRQHG�WKDW�FRXOG�FRQWULEXWH� WR�WKH�GLIIHUHQFHV�LQ�WKH�VWXGLHV"

+RZ�LV�WKLV�FDVH"

page 3 / 4

Proofed Paper: ntp257662 - Sat Sep 2 0:12:40 EDT 2017

Powered by TCPDF (www.tcpdf.org)

page 4 / 4