What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 15%

The expected return on stock is 30%

Explanation:

Growth rate = Return on Equity * Retention ratio

Growth rate = Return on Equity * (1- Payout ratio)

Growth rate = 25% * (1 - 0.40)

Growth rate = 0.25 * 0.60

Growth rate =  0.15

Growth rate =  15%

Hence, Expected return = Dividend return + Growth rate

Expected return = 15% + 15%

Expected return = 30%

Therefore, the expected return on stock is 30%

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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