Concept:When shares are sold ex-dividend, the buyer does not get the next dividend.
Explanation:Ex-dividend means the share is sold without the right to the upcoming dividend.
The ex-dividend date is normally two business days before the record date.
If a buyer purchases shares on or after the ex-dividend date, they will not receive the next dividend payment.
Instead, the seller keeps the right to that dividend.
If the purchase is made before the ex-dividend date, the buyer would receive the dividend.
So, in an ex-dividend sale, it is the seller who is entitled to the next dividend.
Answer:D. seller has right to the next dividend