A stable dividend policy would most commonly imply:

a.a high price/earnings ratio.

b.increasing dividends per share.

c.a stable dividend yield.

d.stable dividend payments per share.

e.stable earnings per share.

Which of the following shouldNOTbe considered as part of "cash and cash equivalents"?

a.Cash restricted for retirement of bonds

b.Highly liquid investments

c.Cash on hand

d.Certificates of deposit

e.Investments in short-term securities (maturity = 3 months or less)