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A firm is concerned about potential increases in the federal funds rate and their impact on the S&P 500. For a 3-month forecast period, the firm’s economics team estimates the following: A 60% probability that the Federal Reserve will not raise the federal funds rate. A 32% probability that the return on the S&P 500 will be between -10% and +10%. A 38% chance that the return on the S&P 500 will be less than -10%. A 24% joint probability that the return on the S&P 500 will be greater than 10% and that the Federal Reserve will not raise the federal funds rate. Based on the estimates above, given that the Federal Reserve raises the federal funds rate, what is the probability that the return on the S&P 500 is greater than 10%? A 10%. B 15%. C 20%. D 40%.