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Is MS Works adequate?

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I am buying a new Dell laptop and it comes with MS Works as standard. I wondered if that would be adequate, it will be suitable for me because I am not working anymore and so do not need the facilities offered by Word. However can you download and read documents that others have composed in Word with Works? I expect to be able to do it the other way around i.e. Word can open a Works document (well I think so!).
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