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
- is entitled always to a cumulative dividends accruing from the shares
-
is entitled to the next dividends due to the shares
- will not be entitled to the next dividends due to the shares
- still owes N3 on the shares which will be subtracted from the dividends