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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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91417528

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