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How many would you like? write an essay on my life The index has back-tracked since hitting 13-year highs inMay and is 5.6 percent off that level as investors wait forcorporate earnings, which are still in downgrade territory, tocatch up with the index's re-rating. The FTSE 100 trades on a12-month forward price-to-earnings ratio around 13 times, aboveits 10-year average.
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