Match the factors affecting dividend decision with their impact:

  Factor Affecting Dividend Decision   Impact
A Stability of Earnings i Earnings must be legally distributable under the Companies Act
B Shareholder Preferences ii Regular income expectations from investors
C Growth Opportunities iii Consistent profits allow predictable dividend policies
D Legal Constraints iv Retention of earnings to fund expansion

1
A-i, B-iii, C-ii, D-iv
2
A-ii, B-iii, C-i, D-iv
3
A-iv, B-i, C-ii, D-iii
4
 A-iii, B-ii, C-iv, D-i

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