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eBook Chapter 12 Financial Planning Exercise 8 Calculating expected return on a stock The price of Applied Adhesives, Inc. is now $50. The company pays no dividends. Adam Gardner expects the price 4 years from now to be $78.68 per share. Should Adam buy Applied Adhesives if he wants a 14% rate of return? Round the answer to two decimal places. Select- because the rate of return of the stock discussed is % TWS No