list is assigned to &$item$&, in turn, and <&'string3'&> is expanded for each of
them. The result of that expansion is assigned to &$value$& before the next
iteration. When the end of the list is reached, the final value of &$value$& is
list is assigned to &$item$&, in turn, and <&'string3'&> is expanded for each of
them. The result of that expansion is assigned to &$value$& before the next
iteration. When the end of the list is reached, the final value of &$value$& is