Once the Board of Directors declare dividend payout to be made to shareholders on record as of the date of record, it becomes

A$)$ An asset of the firm.

B$)$ An investment which the firm can cash out once there is capital appreciation.

C$)$ An option which can be traded on the equities market.

D$)$ An obligation and or a liability which cannot be easily cancelled.

E$)$ None of the above.

All of the below can be classified to be characteristics of an equity market as discussed in class. Identify amongst the below which of them is not a characteristic of an equity market?

A$)$ Meeting point where issuers and buyers of stocks in the matket economy converges.

B$)$ An avenue where firms are able to raise capital to finance their operations.

C$)$ A meeting place where investors have an opportunity to own an equity stake in a company seeking capital infusion.

D$)$ A market that trades fixed income securities like government bonds which enables investors to earn regular income on the security issued by the issuer.

E$)$ None of the above.

In the equity securities market, the issuer of the security issues shares to the investor to raise capital whilst the investor also

A$)$ Lends cash to the issuer and obtains an equity stake in the issuer's company.

B$)$ Donates an asset to the issuer and acquires a claim on the issuer's company.

C$)$ Lends cash and acquires a claim in the issuer's company.

D$)$ Donates cash for a future minority interest.

E$)$ None of the above