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SOLUTIONS TO EXERCISES magnanimously prepared by Thi Ngoc Tuan Bui, Leuven SB&E Marian Kane, KBC Bank Fang Liu, Cheung Kong Business School Thi Tuon Van Nguyen, Leuven SB&E 15:01 on 8 March 2009 . 15:01 on 8 March 2009 P. Sercu, K.U.Leuven SB&E fect. If you disagree with an answer shown here, please feel free to mail me at piet.secru@econ

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