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Thanks Colin, I did realise that. It just wasn't relevant to my question to include that detail.

My thinking why Hewitt may double up this way is the same as some people like to see P/E converted to a yield, e.g. p/e of 20 is 5%. Seeing one number conveys the same info to me, but I know others prefer to see both. I was just wondering whether I had missed another point.

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