Which of these statements are correct?

When an acquiring firm is making the decision whether to offer cash or stock for a target, it should be more inclined to offer cash if

1. The stock market is in a bubble
2. There is a higher level of confidence in the acquisition creating value
3. The acquiring firm has relatively low debt-to-equity ratios
4. The target is largerGroup of answer choices

2 and 3 only

1 and 3 only

1 and 2 only

3 and 4 only

1 and 4 only