Quick Mart has been paying a quarterly dividend of $1.20 a share. Which of the following are valid reasons for the firm to reduce or eliminate these dividends?

I. The firm is on the verge of violating a bond restriction. II. The firm wants to save cash for an acquisition with a 40 percent premium. III. The firm can raise new capital easily at a very low cost. IV. Congress just changed the tax laws eliminating all taxes on capital gains.