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Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Barney have assed the following probability distribution to the rate

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Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Barney have assed the following probability distribution to the rate of return on Phoenix stock one year from now: Rate of Retur -20% Probability 0.25 0% 0.30 -20% 0.25 0.20 +40% Assuming that Phoenix is not expected to pay any dividends during the coming year. a) Determine the expected rate of return on Phoenix Stock b) Determine the standard deviation of possible rates of return on Phoenix stock For the toolbar, press ALT-F10 PE ALTF10 (Mac). BIUS Paragraph Ar 14px AM 2 TXO a + 1 2 A D E B De 3 BE

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