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lilricemunch lilricemunch
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A month ago
Use the following two statements to answer this question:
I) Dividends are a legal obligation of the firm.
II) Interest payments are a legal obligation of the firm only after the board of directors declares them.

▸ I and II are correct.

▸ I and II are incorrect.

▸ I is correct, II is incorrect.

▸ I is incorrect, II is correct.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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kimtrankimtran
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A month ago
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lilricemunch Author
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A month ago
Just got PERFECT on my quiz
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Helped a lot
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2 hours ago
this is exactly what I needed
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