If the Hazard Rate Is $$\lambda = 0.2$$ ,The Risk-Free Rate Is Zero,then If the Price of a Rate

Multiple Choice

If the hazard rate is $$\lambda = 0.2$$ ,the risk-free rate is zero,then if the price of a one-year $100 face value discount bond is $85,then what is the expected recovery rate $$\phi$$ on default of the bond?

A) 17%
B) 24%
C) 40%
D) 55%