15. Security analysts have assigned the following probability distribution to the required rate of return on Phoenix stock one year from now: Rate of Retum Probability --20% 0.25 10 0.30 +20% 0.25 +40% 0.20 Determine the expected rate of return on Phoenix Stock. a. 8% b. 0% (C) 11% d. 40% -200.25)+ 10(.30) +200.25) +406.20 -5.00 + 3.0 +5.00 +8.00 = 17