On July 3, 2009, Devin Purchased 100 Shares of CDEF

question 49

Multiple Choice

On July 3, 2009, Devin purchased 100 shares of CDEF stock at a cost of $30 per share. His commission was $29. He sold his shares on July 6, 2011, at a price of $45 per share less another $29 commission. During the time he held the stock, he earned dividends of $2.50 per share. What was his total return on his investment?

• A) $250
• B) $1,492
• C) $1,692
• D) $1,721
• E) $1,750

---

Definitions:

Crime In Progress

A crime that is currently happening or underway.

Gratuitous Promise

A pledge or promise made without expecting anything in return, often lacking legal enforceability.

Reasonable Price

refers to a price that is fair and sensible in the context of the market value of a good or service, taking into consideration factors like cost, demand, and quality.

Breach Of Contract

The failure to perform as specified in a contract, without lawful excuse, by one or more of the parties involved.