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          Many SN2
              reactions are exergonic
            (ΔG
            < 0), and therefore have early transition
              states. For example, the SN2
              reaction of HO-
            with CH3I is exergonic
            because a carbon-iodine bond
            is replaced by a stronger carbon-oxygen bond.
            The transition
              state resembles HO-
            and CH3I (the reactants)
            more than it resembles CH3OH
            and I- (the products).
            In this transition
              state the oxygen atom has almost a full negative
            charge whereas the iodide atom has only a tiny negative
            charge and the carbon-oxygen bond
            is very incomplete and the carbon-iodine bond
            is almost completely gone. | 
                   
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          Ionization
            of a carbon-leaving
              group bond
            is endergonic
            (ΔG
            > 0) because a carbon-leaving
              group bond
            is lost and no new bond
            is formed, and so this mechanism
            step has a late transition
              state. For example the ionization
            of the carbon-iodine bond
            of tert-butyl
            iodide resembles the tert-butyl
              carbocation and iodide ion
            (the products)
            more than it resembles tert-butyl
            iodide (the reactant).
            In this transition
              state the carbon atom has a nearly full +1 formal
              charge and the iodine atom a nearly full -1 formal
              charge, and the carbon-iodine bond
            is almost completely gone. |