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: Option A
Explanation
Cum divl; (of share purchases) with a dividend about to be paid.
When the buyer of an existing share is to receive the pending dividend, the price is
Cum divl; (of share purchases) with a dividend about to be paid.