Asked by
Deeana Giroski
on Nov 27, 2024
Verified
Dana believes that a new phone to be sold by Ear Fruit Inc. will become the most popular phone in the market. Dana enters into a contract to buy 500 shares of Ear Fruit stock, anticipating an increase in its value. The phone does not become popular, and the price of the stock does not rise. Dana can recover
A) nothing.
B) the amount of the purchase price.
C) the amount of the purchase price plus the expected increase.
D) the amount of the purchase price plus the unexpected decrease.
Shares
Represents units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.
Popular
The term 'popular' is used to describe something widely liked, admired, or accepted by a large number of people.
- Understand the constraints and relevance of solutions in cases of errors and fraud.
Verified Answer
OI
Learning Objectives
- Understand the constraints and relevance of solutions in cases of errors and fraud.