Babe-In Corporation issues both debt securities and equity securities. Which of the following statements is true? Select one: a. Interest paid on the debt securities is deductible in the determination of taxable income. b. Dividends paid on the equity securities are deductible in the determination of taxable income. c. Babe-In's board of directors is required by law to pay a quarterly dividend to the stockholders. d. (All of the above statements are true)