Aliyu bought 100 shares at the stock market through a stockbroker. He was told the…

Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu
  • A.
    is entitled always to a cumulative dividends accruing from the shares
  • B.
    is entitled to the next dividends due to the shares
  • C.
    will not be entitled to the next dividends due to the shares
  • D.
    still owes N3 on the shares which will be subtracted from the dividends
Correct Answer: Option B
Explanation
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