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Use the following two statements to answer this question: 1) Dividends are a legal obligation of the firm. Interest payments are a legal obligation of

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Use the following two statements to answer this question: 1) Dividends are a legal obligation of the firm. Interest payments are a legal obligation of the firm only after the board of director declares them. 11) O land il are correct. lis incorrect. Il is correct. Olis correct. Il is incorrect. I and II are incorrect

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