WAEC Commerce 2015 Objective — Question 35
Question 35 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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When shares are sold 'ex-div' it means the
- A. buyer is entitled to the next dividend
- B. shares are sold at par
- C. shares are sold above par
- D. seller has right to the next dividendCorrect
Explanation
Ex-div means dividend excluded; thus, the seller has the right to take the next dividend before the buyer can be entitled to subsequent dividends.
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