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3. Joe McDonald is an analyst for an investment banking organisation that offers both underwriting and brokerage services. Joc states: 'I can see how ratio

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3. Joe McDonald is an analyst for an investment banking organisation that offers both underwriting and brokerage services. Joc states: 'I can see how ratio analysis and valuation help me do fundamental analysis, but I don't see the value of doing business strategy or accounting analysis. Can you explain to him how business strategy analysis and accounting analysis could be potentially useful? (10 marks)

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