Which of the following returns is consistent with contractual cash flows that are SPPI?

1. Return for passage of time.
2. Return for the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.
3. Return for the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset.
4. Return for amounts to cover expenses and a profit margin.

Group of answer choices

I and IV only

II and III only

I, II, III and IV

I, II and III only