inal lyr EPS growth Source: S&P, Deutsche Bank Real lyr EPS growth Figure 45: Rolling 3yr and 10yr Real EPS growth -20% -10% 0% 10% 20% 30% Median Rolling Real EPS Growth: 1960-1993: 3yr CAGR 1.2%; 10yr CAGR: 1.9% 1994- 2013: 3yr CAGR 7.3% ; 10yr CAGR: 5.4% -20% -10% 0% 10% 20% 30% Rolling 3 yr Real EPS CAGR