Which would be an appropriate investment for temporarily idle corporate cash that will be used to pay quarterly dividends three months from now?
a) A long-term AAA-rated corporate bond with a current annual yield of 9.4 percent.
b) A 30-year Treasury bond with a current annual yield of 8.7 percent.
c) Ninety-day commercial paper with a current annual yield of 6.2 percent.
d) Common stock that has been appreciating in price 8 percent annually, on average, and paying a quarterly dividend that is the equivalent of a 5 percent annual yield.
