2. Which of the following statements is CORRECT?

a. The more depreciation a firm has in a given year, the higher its EPS, other things held constant.

b. Typically, a firm's DPS should exceed its EPS.

c. Typically, a firm's EBIT should exceed its EBITDA.

d. If a firm is more profitable than average (e.g., Google), we would normally expect to see its stock price exceed its book value per share.

e. If a firm is more profitable than most other firms, we would normally expect to see its book value per share exceed its stock price, especially after several years of high inflation.