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Canadian Company reported earnings of $3.53 million at the end on 2019. The companys ROE is 16 percent and it retains 41 percent of its
Canadian Company reported earnings of $3.53 million at the end on 2019. The companys ROE is 16 percent and it retains 41 percent of its earnings. What will be the companys earnings at the end of 2020? (Report your answer in millions, rounded to 2 decimal places and do NOT include the dollar sign for example, do NOT enter 2530000, DO enter 2.53).
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