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Chartered Financial Analyst Level 2

Chartered Financial Analyst Level 2

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An analyst gathers the following information about a company:

Year 1Year 2Year 3Year 4
Book value per share$40.00$42.00$45.00$48.00
ROE12.00%7.62%12.89%8.33%

Over the 4-year period, the normalized EPS by the method of average ROE is closest to:

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