Cum div differs from ex div in that, the later
COMMERCE
JAMB 2014
Cum div differs from ex div in that, the later
- A. entitles the purchaser to recieve a company's current dividend
- B. entitles the vendor to recieve a company's current dividend
- C. confirms a purchase or sale made on behalf of a share holder
- D. is a document used to transfer ownership of shares
Correct Answer: A. entitles the purchaser to recieve a company's current dividend
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