Fernando Zapatero

Boston University - Questrom School of Business

595 Commonwealth Avenue

Boston, MA MA 02215

United States

SCHOLARLY PAPERS

38

DOWNLOADS
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Top 8,883

in Total Papers Downloads

9,592

SSRN CITATIONS
Rank 12,903

SSRN RANKINGS

Top 12,903

in Total Papers Citations

84

CROSSREF CITATIONS

32

Scholarly Papers (38)

1.

No Max Pain, No Max Gain: Stock Return Predictability at Options Expiration

Boston University Questrom School of Business Research Paper No. 4140487
Number of pages: 62 Posted: 27 Jun 2022 Last Revised: 09 Nov 2023
Ilias Filippou, Pedro Angel Garcia-Ares and Fernando Zapatero
Washington University in St. Louis - John M. Olin Business School, Instituto Tecnológico Autónomo de México (ITAM) and Boston University - Questrom School of Business
Downloads 1,330 (28,116)

Abstract:

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Max Pain, stock price pressure, manipulation, option expiration

2.

Betting on the Likelihood of a Short Squeeze

Number of pages: 62 Posted: 31 Oct 2023
Ilias Filippou, Pedro Angel Garcia-Ares and Fernando Zapatero
Washington University in St. Louis - John M. Olin Business School, Instituto Tecnológico Autónomo de México (ITAM) and Boston University - Questrom School of Business
Downloads 885 (50,252)

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Short Squeeze, Anomalies, Limits to Arbitrage, Options

3.

Analytic Pricing of Employee Stock Options

Number of pages: 43 Posted: 03 Nov 2004
Jaksa Cvitanic, Fernando Zapatero and Zvi Wiener
California Institute of Technology - Division of the Humanities and Social Sciences, Boston University - Questrom School of Business and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 750 (62,961)
Citation 12

Abstract:

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Employee stock options, early exercise, analytic formula

4.

A Tale of Two Types: Generalists vs. Specialists in Asset Management

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 26 Oct 2015 Last Revised: 29 Apr 2021
Rafael Zambrana and Fernando Zapatero
University of Notre Dame - Mendoza College of Business and Boston University - Questrom School of Business
Downloads 631 (78,373)
Citation 12

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Mutual fund, Institutional investors, Human capital, Specialist, Generalist, Market timing, Stock picking.

5.

Asset Pricing Implications of Benchmarking: A Two-Factor CAPM

European Journal of Finance Vol.9, p. 343-357, August 2003
Number of pages: 18 Posted: 17 Oct 2003 Last Revised: 17 Mar 2015
Juan-Pedro Gomez and Fernando Zapatero
IE Business School - IE University and Boston University - Questrom School of Business
Downloads 518 (100,370)
Citation 15

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Asset pricing, benchmark portfolio, relative performance

6.

Demand for Lotteries: The Choice between Stocks and Options

Number of pages: 79 Posted: 11 Aug 2017 Last Revised: 28 Sep 2022
Ilias Filippou, Pedro Angel Garcia-Ares and Fernando Zapatero
Washington University in St. Louis - John M. Olin Business School, Instituto Tecnológico Autónomo de México (ITAM) and Boston University - Questrom School of Business
Downloads 463 (114,967)
Citation 3

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Lottery-payoffs, Option Trading, Lottery Stocks

7.

Clinging Onto the Cliff: A Model of Financial Misconduct

USC Marshall School of Business Research Paper Sponsored by iORB, No. Forthcoming, Boston University Questrom School of Business Research Paper Forthcoming, Boston Univ. School of Law Research Paper Forthcoming
Number of pages: 52 Posted: 01 Feb 2022 Last Revised: 16 Aug 2022
AJ Chen, Suk Lee and Fernando Zapatero
University of Southern California - Marshall School of Business, University of Southern California, Marshall School of Business and Boston University - Questrom School of Business
Downloads 406 (134,000)

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Financial Misconduct, Skewness Seeking Behavior, Financial Reporting, Accounting Fraud, White-collar Crime, Binomial Martingales, Becker Model of Crime

Competition or Spillover? Star Analyst Co-coverage and Firms’ Information Environment

Number of pages: 40 Posted: 22 Apr 2014 Last Revised: 17 Feb 2023
Gil Aharoni, Joshua Shemesh and Fernando Zapatero
University of Melbourne, Monash University - Department of Banking and Finance and Boston University - Questrom School of Business
Downloads 306 (181,261)

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star analysts, tournament incentives, forecast error, earnings predictability, firms’ information environment

Competition or Spillover? Star Analyst Co-Coverage and Firms’ Information Environment

Boston University Questrom School of Business Research Paper No. 4701390
Number of pages: 40 Posted: 20 Jan 2024
Gil Aharoni, Joshua Shemesh and Fernando Zapatero
University of Melbourne, Monash University - Department of Banking and Finance and Boston University - Questrom School of Business
Downloads 47 (740,815)

Abstract:

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Star analysts, tournament incentives, forecast error, earnings predictability, firms' information environment

9.

The Representative Agent of an Economy with External Habit-Formation and Heterogeneous Risk-Aversion

The Review of Financial Studies, August 2010.
Number of pages: 45 Posted: 18 Mar 2008 Last Revised: 10 Jan 2018
Costas Xiouros and Fernando Zapatero
BI Norwegian Business School and Boston University - Questrom School of Business
Downloads 343 (161,647)
Citation 17

Abstract:

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Heterogeneous preferences, general equilibrium, closed-form expression

10.

Asset Pricing Implications of Heterogeneous Investment Horizons

Number of pages: 58 Posted: 25 May 2021 Last Revised: 10 Nov 2023
Idan Hodor and Fernando Zapatero
Monash University and Boston University - Questrom School of Business
Downloads 310 (179,991)

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Performance Window, Short-term Investment Horizon, Heterogeneous Agents, Asset Management, Benchmarking

11.

Riding the Bubble with Convex Incentives

Marshall School of Business Working Paper No. FBE 06.14
Number of pages: 53 Posted: 25 Jul 2014 Last Revised: 16 Apr 2018
Juan M. Sotes-Paladino and Fernando Zapatero
Universidad de los Andes, Chile and Boston University - Questrom School of Business
Downloads 287 (195,236)
Citation 7

Abstract:

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money management, convex incentives, benchmarking, mispricing

12.

Impact of Government Grants on Venture Capital Funding of Deep Technology University Spinoffs

Number of pages: 42 Posted: 19 Feb 2020 Last Revised: 02 Nov 2021
Andrea Belz, Alexandra Graddy-Reed and Fernando Zapatero
University of Southern California - Viterbi School of Engineering, Sol Price School of Public Policy University of Southern California and Boston University - Questrom School of Business
Downloads 283 (198,021)
Citation 3

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university spinoffs, venture capital, I-Corps, SBIR

13.
Downloads 271 (206,951)
Citation 2

Executive Stock Options as a Screening Mechanism

Number of pages: 30 Posted: 24 Jun 2005 Last Revised: 20 Feb 2012
Abel Cadenillas, Jaksa Cvitanic and Fernando Zapatero
University of Alberta - Department of Mathematical and Statistical Sciences, California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - Questrom School of Business
Downloads 160 (337,242)
Citation 1

Abstract:

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Executive Stock Options, Incomplete Information

Executive Stock Options as a Screening Mechanism

Number of pages: 31 Posted: 04 Mar 2005
Abel Cadenillas, Fernando Zapatero and Jaksa Cvitanic
University of Alberta - Department of Mathematical and Statistical Sciences, Boston University - Questrom School of Business and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 111 (450,636)
Citation 2

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Executive stock options, optimal compensation

14.

Labor Income, Relative Wealth Concerns, and the Cross-section of Stock Returns

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, AFA 2009 San Francisco Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 46 Posted: 05 Mar 2008 Last Revised: 17 Mar 2015
Juan-Pedro Gomez, Richard Priestley and Fernando Zapatero
IE Business School - IE University, Norwegian Business School and Boston University - Questrom School of Business
Downloads 263 (213,181)
Citation 5

Abstract:

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Labor income risk, relative wealth concerns, local risk hedging, negative risk premium

15.
Downloads 258 (217,342)
Citation 2

Uncertainty and Dispersion of Opinions

Number of pages: 56 Posted: 15 Mar 2010 Last Revised: 28 Mar 2023
Min S. Kim and Fernando Zapatero
Boston University and Boston University - Questrom School of Business
Downloads 258 (216,232)
Citation 4

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uncertainty, dispersion, forecasts, relative performance evaluation, stock recommendation

Rational Bias and Herding in Analysts' Recommendations

Posted: 03 Dec 2009 Last Revised: 14 Sep 2011
Min S. Kim and Fernando Zapatero
Boston University and Boston University - Questrom School of Business

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stock recommendation, bias, herding, relative performance evaluation

16.

Disagreement, Information Quality and Asset Prices

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 103 Posted: 04 Dec 2019 Last Revised: 11 Dec 2023
Costas Xiouros and Fernando Zapatero
BI Norwegian Business School and Boston University - Questrom School of Business
Downloads 252 (222,477)

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Asset Prices, Heterogeneous Expectations, Information Quality, Habit-Formation Preferences

17.

Rolling the Skewed Die: Economic Foundations of the Demand for Skewness and Experimental Evidence

Boston University Questrom School of Business Research Paper Forthcoming
Number of pages: 46 Posted: 10 May 2018 Last Revised: 17 Oct 2022
Andreas Aristidou, Aleksandar Giga, Suk Lee and Fernando Zapatero
affiliation not provided to SSRN, University of Southern California, University of Southern California, Marshall School of Business and Boston University - Questrom School of Business
Downloads 237 (236,265)
Citation 2

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endogenous demand for skewness, utility function, aspiration, status

18.

Carrot and Stick: A Role for Benchmark-Adjusted Compensation in Active Fund Management

Number of pages: 73 Posted: 26 Sep 2016 Last Revised: 06 May 2022
Juan M. Sotes-Paladino and Fernando Zapatero
Universidad de los Andes, Chile and Boston University - Questrom School of Business
Downloads 235 (238,190)
Citation 2

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Portfolio delegation, benchmarking, fulcrum fees, asymmetric information, passive management

Heterogenous Peer Effects: How Community Connectivity Affects Car Purchases

Number of pages: 40 Posted: 10 Apr 2011 Last Revised: 16 Feb 2023
Joshua Shemesh, Fernando Zapatero, Yves Zenou and Yves Zenou
Monash University - Department of Banking and Finance, Boston University - Questrom School of Business and Stockholm UniversityMonash University - Department of Economics
Downloads 197 (280,077)
Citation 1

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conspicuous consumption, neighbor effects, population density, tight-knit community

Heterogenous Peer Effects: How Community Connectivity Affects Car Purchases

Number of pages: 40 Posted: 04 Aug 2022
Joshua Shemesh, Yves Zenou, Yves Zenou and Fernando Zapatero
Monash University - Department of Banking and Finance, Stockholm UniversityMonash University - Department of Economics and Boston University - Questrom School of Business
Downloads 30 (874,420)

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conspicuous consumption, neighbor effects, population density, tight-knit community

Heterogenous Peer Effects: How Community Connectivity Affects Car Purchases

CEPR Discussion Paper No. DP17306
Number of pages: 43 Posted: 27 May 2022
Joshua Shemesh, Fernando Zapatero, Yves Zenou and Yves Zenou
Monash University - Department of Banking and Finance, Boston University - Questrom School of Business and Stockholm UniversityMonash University - Department of Economics
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Conspicuous consumption, neighbor effects, Population density, tight-knit community

Supply Shortages in Sell-Side Analyst Coverage

Number of pages: 56 Posted: 05 Nov 2014 Last Revised: 06 Feb 2023
Marco A. Navone and Fernando Zapatero
Finance Discipline Group - UTS Business School and Boston University - Questrom School of Business
Downloads 126 (409,265)

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Financial Analysts, Career Concerns, soft-dollar agreement.

Why Do Financial Analysts Strive to Be Irrelevant? Career Concerns and Endogenous Coverage Termination

BAFFI CAREFIN Centre Research Paper No. 2015-7, Marshall School of Business Working Paper No. FBE 03.16
Number of pages: 45 Posted: 07 May 2015 Last Revised: 12 Apr 2016
Marco A. Navone and Fernando Zapatero
Finance Discipline Group - UTS Business School and Boston University - Questrom School of Business
Downloads 94 (506,985)

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Financial Analysts, Career Concerns, Idiosyncratic Risk

21.

Asset Pricing Implications of Risk-on and Risk-off Incentives

Boston University Questrom School of Business Research Paper No. 4595963
Number of pages: 58 Posted: 06 Nov 2023 Last Revised: 19 Mar 2024
Idan Hodor and Fernando Zapatero
Monash University and Boston University - Questrom School of Business
Downloads 178 (307,419)

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Market Efficiency, Momentum, Mutual Funds, Time-varying Incentives, Benchmarking

22.

A Class of Quadratic Options for Exchange Rate Stabilization

Number of pages: 24 Posted: 27 Dec 2005
Sangwon Suh and Fernando Zapatero
Bank of Korea and Boston University - Questrom School of Business
Downloads 165 (328,416)

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Foreign exchange intervention, exotic options

23.

A Real Options Methodology for R&D Portfolio Selection and Management: Applications to the NASA SBIR Program

Boston University Questrom School of Business Research Paper No. 3907466
Number of pages: 23 Posted: 20 Aug 2021 Last Revised: 07 Mar 2023
Andrea Belz, Jeremy Eckhause, Richard Terrile and Fernando Zapatero
University of Southern California - Viterbi School of Engineering, RAND Corporation, Government of the United States of America - Jet Propulsion Laboratory and Boston University - Questrom School of Business
Downloads 132 (393,372)

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R&D portfolio, real options, TRL, SBIR, NASA

24.

Mapping the 'Valley of Death': Managing Selection and Technology Advancement in NASA's Small Business Innovation Research Program

Belz, A., Zapatero, F., Terrile, R., Giga, A., Kawas, M. (2019). Mapping the "Valley of Death": Managing Selection and Technology Advancement in NASA's Small Business Innovation Research Program, Transactions in Engineering Management, 10.1109/TEM.2019.2904441, pp. 1-10
Number of pages: 32 Posted: 14 Aug 2018 Last Revised: 13 Jul 2021
University of Southern California - Viterbi School of Engineering, Boston University - Questrom School of Business, Government of the United States of America - Jet Propulsion Laboratory, University of Southern California - Department of Economics and University of Southern California
Downloads 131 (395,726)
Citation 5

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TRL, NASA, SBIR, Entrepreneurship, Innovation, Technology Maturity

25.

Skewness Seeking in a Dynamic Portfolio Choice Experiment

CEPR Discussion Paper No. DP11056, 8th Miami Behavioral Finance Conference 2017
Number of pages: 38 Posted: 27 Jan 2016
University of Southern California - Department of Economics, University of Southern California - Department of Economics, University of Southern California and Boston University - Questrom School of Business
Downloads 121 (420,260)
Citation 2

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laboratory experiment, portfolio allocation, relative performance, skewed asset

26.

Stock and Bond Prices with Disagreement and Habit Formation Preferences

Number of pages: 23 Posted: 19 Mar 2011
Costas Xiouros and Fernando Zapatero
BI Norwegian Business School and Boston University - Questrom School of Business
Downloads 109 (454,440)

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Habit Formation, Disagreement, Heterogeneous Beliefs, Equilibrium

27.

The Term Premium and Endogenous Debt-Maturity Dynamics

Boston University Questrom School of Business Research Paper No. 4282261
Number of pages: 49 Posted: 22 Nov 2022 Last Revised: 07 Dec 2023
Alfredo Ibañez and Fernando Zapatero
Comillas Pontifical University and Boston University - Questrom School of Business
Downloads 102 (476,388)

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Debt Refinancing; Dynamic debt maturity; The Term Premium; Procyclical rollover policies; Short- and long-term debt; Equilibrium and default.

28.

Optimal Acquisition of a Partially Hedgeable House

Marshall School of Business Working Paper No. FBE 25-09
Number of pages: 31 Posted: 02 Mar 2009 Last Revised: 19 Apr 2009
Coskun Cetin and Fernando Zapatero
California State University, Sacramento and Boston University - Questrom School of Business
Downloads 96 (496,005)

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Stopping Time, Incomplete Markets, Martingale Methods

29.

Uncertainty and Dispersion of Opinions

Number of pages: 60 Posted: 04 Nov 2023
Min Kim and Fernando Zapatero
Boston University and Boston University - Questrom School of Business
Downloads 34 (816,807)

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uncertainty, forecast dispersion, relative performance evaluation, stock recommendation

30.

Risk Aversion in a Dynamic Asset Allocation Experiment

CEPR Discussion Paper No. DP10332
Number of pages: 40 Posted: 23 Jan 2015
University of Southern California - Department of Economics, University of Southern California - Department of Economics, University of Southern California and Boston University - Questrom School of Business
Downloads 2 (1,103,661)
Citation 4
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CRRA, HARA, laboratory experiments, portfolio allocation, risk aversion

31.

Helping the Little Guy: The Impact of Government Awards on Small Technology Firms

J Technol Transf (2021). https://doi.org/10.1007/s10961-021-09859-0
Posted: 18 Oct 2017 Last Revised: 01 Aug 2022
University of Southern California, Sol Price School of Public Policy University of Southern California, University of Southern California - Viterbi School of Engineering, Government of the United States of America - Jet Propulsion Laboratory and Boston University - Questrom School of Business

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Innovation Policy, SBIR, R&D Subsidies, Entrepreneurship

32.

Implications of Keeping up with the Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence

Implications of Keeping-up-with-the-Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence Juan-Pedro Gómez, Richard Priestley and Fernando Zapatero The Journal of Finance Vol. 64, No. 6 (Dec., 2009), pp. 2703-2737
Posted: 03 Feb 2009 Last Revised: 17 Mar 2015
Juan-Pedro Gomez, Richard Priestley and Fernando Zapatero
IE Business School - IE University, Norwegian Business School and Boston University - Questrom School of Business

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Keeping up with the Joneses, restricted market participation, international asset pricing, local risk, global risk

33.

Empirical Performance of Levy Option Pricing Models

Posted: 12 Sep 2008 Last Revised: 21 Sep 2008
Ming Ji and Fernando Zapatero
affiliation not provided to SSRN and Boston University - Questrom School of Business

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Levy Process, Fourier Transform

34.

Analytic Pricing of Employee Stock Options

Review of Financial Studies, Vol. 21, Issue 2, pp. 683-724, 2008
Posted: 26 Jun 2008
Jakaa Cvitani, Zvi Wiener and Fernando Zapatero
affiliation not provided to SSRN, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Boston University - Questrom School of Business

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35.

Dynamic Portfolio Choice with Parameter Uncertainty and the Economic Value of Analysts' Recommendations

The Review of Financial Studies, Vol. 19, Issue 4, pp. 1113-1156, 2006
Posted: 29 Feb 2008
affiliation not provided to SSRN, Boston University - Questrom School of Business, University of British Columbia (UBC) Sauder School of Business and EDHEC Business School

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36.

Optimal Risk Taking with Flexible Income

AFA 2008 New Orleans Meetings Paper
Posted: 09 Mar 2006 Last Revised: 09 Feb 2019
Jaksa Cvitanic, Levon Goukasian and Fernando Zapatero
California Institute of Technology - Division of the Humanities and Social Sciences, Pepperdine University - Business Division and Boston University - Questrom School of Business

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Utility Maximization, Optimal Portfolio Selection, Optimal Effort

37.

On the Recoverability of Preferences and Beliefs

Posted: 16 May 2000
Domenico Cuoco and Fernando Zapatero
University of Pennsylvania - Finance Department and Boston University - Questrom School of Business

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38.

Valuation, Optimal Asset Allocation and Retirement Incentives of Pension Plans

Review of Financial Studies, Vol. 10, No. 3
Posted: 30 Jul 1997
Suresh M. Sundaresan and Fernando Zapatero
Columbia University - Columbia Business School, Finance and Boston University - Questrom School of Business

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