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ROE from previous periods is not a useful benchmark for predicting future ROE. Which of the following is one of the reasons for this? a.

ROE from previous periods is not a useful benchmark for predicting future ROE. Which of the following is one of the reasons for this?

Firms with a low ROE experience earnings increases.

Firms with a low ROE experience earnings sensitivity.

Firms with a low ROE experience earnings randomly.

None of the above answers.

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