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WAEC Commerce 2013 Question 9

Question 9

Stock Exchange

If a share is quoted ex-div, it means the new buyer would

  1. A.get the next dividend.
  2. B.not get the next dividend.
  3. C.get a fixed dividend.
  4. D.not get any dividend.
Show the answer and explanation

Answer: B (not get the next dividend.)

Explanation

Ex-div (without dividend) means the coming dividend stays with the seller.