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

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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. Only 2 is correct O b. Only 4 is correct Oc. Both 2 and 3 are correct O d. Both 1 and 2 are correct O e. Only 1 is correct Of. Both 2 and 4 are correct Og. Only 3 is correct

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