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      Question

      The 'Record Date' declared by a company is used to

      determine:
      A The date of the Board meeting Correct Answer Incorrect Answer
      B The shareholders eligible to receive dividends Correct Answer Incorrect Answer
      C The date of issue of the dividend warrant Correct Answer Incorrect Answer
      D The financial year-end Correct Answer Incorrect Answer
      E The date of the AGM Correct Answer Incorrect Answer

      Solution

      The Record Date is a specific date fixed by a company to determine which shareholders are eligible to receive a dividend or to participate in a corporate action like a bonus issue. The company's share register is frozen on this date to make the determination.

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