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The net profit for Katy Limited increased from $10,000 to $20,000. The financial advisor of the firm believes that new investors would buy the shares
The net profit for Katy Limited increased from $10,000 to $20,000. The financial advisor of the firm believes that new investors would buy the shares of the company if the analytical report emphasizes on the percentage change in net profit to be 100% instead of just mentioning the absolute increase of $10,000 in net profit. Explain with not more than 80 words why the advisor may have such belief.
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