Question: Moving to another question will save this response. Question 13 of 14 Question 13 5 points Phoenix Company common stock is currently selling for S20
Moving to another question will save this response. Question 13 of 14 Question 13 5 points Phoenix Company common stock is currently selling for S20 per share. Security analysts at Smith Barney have assigned the following probability distribution to the rate of return on Phoenix stock one year from now Rate of Return Probability -20% 0.25 0.30 0% +20% 0.25 40% 0.20 Assuming that Phoenix is not expected to pay any dividends during the coming year. a) Determine the expected rate of retum on Phoenix Stock b) Determine the standard deviation of possible rates of return on Phoenix stock
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