Question: Use the following statements to answer this question: 1. Dividends are a legal obligation of the firm. 2. Dividends are a legal obligation of the

Use the following statements to answer this question:
1. Dividends are a legal obligation of the firm.
2. Dividends are a legal obligation of the firm after the board
of directors declares them.
3. Interest / coupon payments are a legal obligation of the firm.
4. Interest / coupon payments are a legal obligation after the board of directors declares them.
O a. Both 2 and 4 are correct
O b. Only 1 is correct
O c. Only 4 is correct
O d. Both 2 and 3 are correct
o e. Only 2 is correct
O f. Both 1 and 2 are correct
O g.Only 3 is correct

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