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Basic Question 11 of 11
A large manufacturing company is in a competitive industry. It has above-average investment opportunities and its return on investments has been above the required rate of return. The firm retains a large portion of earnings to fund its superior investment projects. The company is best characterized as a ______.
B. cyclical company
C. speculative company
A. growth company
B. cyclical company
C. speculative company
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Learning Outcome Statements
describe industry classification methods and compare methods by which companies can be grouped
CFA® 2025 Level I Curriculum, Volume 3, Module 6.