For Dividends,the Date of Record Is the Date

question 78

Multiple Choice

For dividends,the date of record is the date:

• A) The market price of the shares drops due to the dividend.
• B) On which the list of shareholders is prepared.
• C) The dividend is actually paid.
• D) The dividend is announced.

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Definitions:

Single Rate

A fixed interest rate that remains constant throughout the term of the loan or investment.

Discount

A reduction applied to the regular price of goods or services, usually offered to encourage purchase or reward customers.

Series

A sequence of numbers or terms that follow a specific pattern.

Outstanding Balance

Outstanding balance refers to the amount of money that is still owed on a loan or credit account at any given time.