All else constant, the cash flow to stockholders: Multiple Choice Decreases when the cash flow from assets increases. Decreases when the dividends per share are decreased. Decreases as the common stock account balance decreases. Remains unchanged when the firm repurchases shares of outstanding stock. Decreases when a firm decreases its degree of financial leverage. Free cash flow is best described as: Multiple Choice Free cash flow is also referred to as cash flow from assets. Dividends paid out by a firm less net new equity raised. The net difference between total assets and total liabilities. A firm's interest payments to creditors less net new borrowings. The difference of cash flow to bondholders and shareholders Which of the following are characteristics of a liquid asset? Multiple Choice Include the firm's shares and bonds. There is a significant loss in value if sold. Can be converted into cash quickly, with little or no loss in value, and generally earn low returns. Provide high yields. Are highly specialized equipment