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Cum div differs from ex div in that the later - JAMB Commerce 2014 Question

Cum div differs from ex div in that, the later
A
entitles the purchaser to recieve a company's current dividend
B
entitles the vendor to recieve a company's current dividend
C
confirms a purchase or sale made on behalf of a share holder
D
is a document used to transfer ownership of shares
correct option: a
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