Which of the following is true about corporate cash dividends?

		Dividends are a legal obligation because the market reacts negatively to dividend cuts and omissions.
		"Dividends are tax deductible, which is a significant advantage of equity financing."
		"Dividend cuts are positively accepted by the market, since they usually signal that the firm has ample growth opportunities and needs to reinvest its earnings."
		"Unlike interest payments on debt, dividends are not tax deductible."