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Which of the following factor will affect the dividend policy of the firm? 1. Insufficiency of cash 2. Firms contractual obligation 3. Ratio of debt

Which of the following factor will affect the dividend policy of the firm?
1. Insufficiency of cash
2. Firms contractual obligation
3. Ratio of debt to equity.
4. Business cycle considerations
Select the correct answer from the options given below.
(A) 1 and 3 only
(B) 2 and 4 only
(C) 2, 3 and 4
(D) 1,2, 3 and 4

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