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Stephen holds his portfolio 80% in securities that have good income distribution with high payout ratio, and 20% in securities that have medium-term capital gain.

Stephen holds his portfolio 80% in securities that have good income distribution with high payout ratio, and 20% in securities that have medium-term capital gain. He tells you that his investment objective is to earn high fund growth in a 5-year holding period. As an investment advisor, analyze whether he could achievement his investment objective over the holding period, and provide recommendation to him

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