88 . Phoenix Company common stock is currently selling for $20 per share . Security analysts at Smith Blarney have assigned the following probability distribution to the price of ( and rate of return on ) Phoenix stock one year from now ." Price Rate of Return Probability $16 - 20% 0. 25 20 090 0. 30 24 + 2090 0 . 25 28 + 4090 0. 20 Assuming that Phoenix is not expected to pay any dividends during the coming year , determine* the expected rate of return on Phoenix Stock . 9/08 a . D . 090 C . 1090 40%/0