A share is bought for $12 and no dividends are expected to be paid over the next year. The price in one years time is forecast to be:

$10 with probability 15%

$13 with probability 25%

$15 with probability 60%

What is the expected return (capital gain) on this share?

Select one:

a. 18.58%

b. 24.58%

c. 17.58%

d. 14.58%