Meaning: 'Draw up' means to prepare or create a plan or document.

Wrong options:

• build in: While 'build in' is a phrasal verb, it does not fit here as it refers to incorporating something as a part of a larger whole, which is not the action needed for creating a plan.
• bring in: 'Bring in' typically means to introduce or involve someone or something, which does not align with the context of formulating a plan.
• gesticulate: 'Gesticulate' means to use gestures, especially while speaking, which is unrelated to the context of planning for investment.

Correct answer: build in

Explanation: The phrase 'build in' refers to incorporating a margin of safety into the investment strategy. It fits grammatically as it indicates an action that complements the planning process.

Meaning: 'Build in' means to incorporate or include something as an essential part of a plan.

Wrong options:

• draw up: 'Draw up' is already used in the first blank and does not fit the context of incorporating a margin of safety.
• bring in: 'Bring in' suggests introducing something but does not convey the idea of incorporating it into a plan, making it unsuitable here.
• gesticulate: 'Gesticulate' is unrelated to the context of investment and does not fit grammatically or contextually.

Correct answer: paying

Explanation: The word 'paying' serves as a gerund that describes the action of distributing dividends. It fits grammatically as it aligns with the structure of the sentence, indicating an ongoing action related to dividends.

Meaning: 'Paying' refers to the act of distributing or giving out dividends to shareholders.

Wrong options:

• draw up: 'Draw up' does not fit here as it relates to planning rather than the action of distributing dividends.
• build in: 'Build in' is about incorporating elements into a plan, which does not relate to the action of paying dividends.
• gesticulate: 'Gesticulate' is unrelated to financial actions and does not fit the context of dividends.