You purchase a stock today for $32.38. You think a similar risk investment should earn 11.6%. You plan to hold the stock for 3 years. If you sell the stock for $40.00, would you reach your required investment goal?
No; you earned 7.3% which is lower than the required 11.6%.
No; selling a stock is never a good idea.
Yes; you earned 15.4% which is greater than 11.6%.
Yes; you sold it for $8 dollars more than the price you bought it