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The price of Outdoor Designs, Inc. is now $60. The company pays no dividends. Fred Gray expects the price 4 years from now to be

The price of Outdoor Designs, Inc. is now $60. The company pays no dividends. Fred Gray expects the price 4 years from now to be $87.85 a share. Should Fred buy Outdoor Designs if he wants a 12% rate of return?

-Select- YES or NO

Thanks.

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