When the buyer of an existing share is to receive the pending dividend, the price...
COMMERCE
WAEC 2010
When the buyer of an existing share is to receive the pending dividend, the price is
- A. cum div
- B. ex-div
- C. at par
- D. at a discount
Correct Answer: A. cum div
Explanation
Cum divl; (of share purchases) with a dividend about to be paid.
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