You’ve observed the following returns on Yamauchi Corporation’s stock over the past five years: –28.2 percent, 15.8 percent, 34.6 percent, 3.4 percent, and 22.4 percent. The average inflation rate over this period was 3.34 percent and the average T-bill rate over the period was 4.3 percent. a. What was the average real return on the stock?

0.93%

Explanation:

The average real risk free rate is given as:

(1 + R) = (1 + r)(1 +h)

where r= average t-bill rate

where h = average inflation rate

(1 + R) = (1 + r)/(1 +h)

(1 + R) = (1 + 4.3%)/(1 + 3.34%)

(1 + R) = (1 + 0.043)/(1 + 0.0334)

(1 + R) = (1.043)/(1.0334)

(1 + R) = 1.0092897

R = 1.0092897 - 1

R = 0.0092897

R = 0.93%

The average real return on the stock is 0.93%.

the correct answer is:

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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.