Which of the following is NOT a correct statement? 1.5 Mal Please choose "All statements are correct" if all other statements (except this one) are correct. O a. Equity securities have no fixed matun te O b. DDM cannot be applied to firms without any expected dividend payments. O c. All statements are correct. O d. Interest payments are a legal obligation of the firm only after the board of directors declares them. O e. DDM cannot be used when the firm's growth rate equals the investor's required rate of return on t stock. Which of the following is NOT a correct statement? 1.5 Mal Please choose "All statements are correct" if all other statements (except this one) are correct. O a. Equity securities have no fixed matun te O b. DDM cannot be applied to firms without any expected dividend payments. O c. All statements are correct. O d. Interest payments are a legal obligation of the firm only after the board of directors declares them. O e. DDM cannot be used when the firm's growth rate equals the investor's required rate of return on t stock