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Dana Believes That a New Phone to Be Sold by Ear

Question 53

Multiple Choice

Dana believes that a new phone to be sold by Ear Fruit Inc. will become the most popular phone in the global 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.

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