Aliyu bought 100 shares at the stock market through a stockbroker. He was told the
COMMERCE
JAMB 1999
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cumulative. This means that Aliyu
- A. is entitled always to a cumulative dividends accruing from the shares
- B. is entitled to the next dividends due to the shares
- C. will not be entitled to the next dividends due to the shares
- D. still owes N3 on the shares which will be subtracted from the dividends
Correct Answer: B. is entitled to the next dividends due to the shares
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