A Plain Guide to Investment And Finance in Two Parts Pt I Hints to Investors
A Plain Guide to Investment And Finance in Two Parts Pt I Hints to Investors
Thomas Emley Young
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It has already been mentioned that the symbols x d. Or x in. Will at periodical intervals be found attached to the quotation of prices in the official list ; and as the subject is usually perplexing to the investor, and of some practical consequence (at all events in the way of pre- venting a disappointed expectation sometimes entertained) it is desirable to furnish an explicit explanation. COST AND RETURN OF SECURITIES 255 The expression x d. 1 and x in. (the reader remembering that a dividend... is a return upon capital which may vary - from time to time, while interest consists of a Meaning of x div. And fixed uniform sum per cent) simply means that the sale or purchase of the stock so marked is exclusive of the dividend or interest, which has just been, or is about to be, declared (in the former case), or is just due, or is about to become due (in the second instance). If a stock on sale carries with it the full current Meanin of dividend or interest its price is stated to be cum div, or cum (with) dividend or interest.
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