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Andreas has invested $ 1 , 0 0 0 in the bond market. At the end of one year, there is a 3 0 %

Andreas has invested $1,000 in the bond market. At the end of one year, there is a 30% chance that his asset will be worth only $800 and a 70% chance that it will be worth $1,200. The expected value of his asset at the end of one year is:
a. $1,000.
b. $1,080.
c. $1,160.
d.
$1,200.
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