Modulational and decay instabilities driven by pump Langmuir waves are investigated using a nonlinear dispersion equation that incorporates both classes of instability simultaneously, along with the effects of finite bandwidth of the pump. A rational-function approximation of the plasma density response is then introduced to convert this equation into polynomial form. The resulting equation is used to explore the five instability types: decay, modulational, subsonic modulational, supersonic modulational, and modified decay. Growth rates, corresponding wave numbers, stability boundaries, and instability thresholds for the various instabilities are obtained analytically and verified numerically. In the case of a monochromatic pump the results generalize and clarify the limits of validity of many results in the literature. For broadband pumps, existing results for the growth rate of decay instabilities are reproduced, and it is confirmed that broadband modulational and subsonic-modulational interactions are necessarily stable. New results for the behavior of supersonic modulational instabilities are found, and it is also shown that both supersonic modulational and modified decay instabilities have random phase counterparts, the former conclusion contrasting with implications in the literature. The parameter-space transition between modulational and decay instability classes is found to be much sharper than between instability types within either of these classes.