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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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