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WAEC Commerce 2015 Question 35

Question 35

Stock Exchange

When shares are sold 'ex-div' it means the

  1. A.buyer is entitled to the next dividend.
  2. B.shares are sold at par.
  3. C.Shares are sold above par.
  4. D.seller has right to the next dividend.
Show the answer and explanation

Answer: D (seller has right to the next dividend.)

Explanation

Ex-div (without dividend) means the buyer does not get the next dividend; it stays with the seller.