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A horizontal analysis is being conducted with year one as the base year. If year one equals $ 9 0 0 , year two equals

A horizontal analysis is being conducted with year one as the base year. If year one equals $900, year two equals $960, and year three equals $995, the percentage of the base-period for year three is
a.89%
b.100%
c.106%
d.111%
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