Investment management

QUESTION 6 An investment manager analyses a security and determines that it has three possible return outcomes over the next 12 months; -3.5%, 8.5% and 15.6%, for which she has assigned the following probabilities of occurring; 15%, 65% and 20% respectively. If the security is presently priced at $104.16, to what price does the manager expect to stock to be in 12 months time? O $71.52 $112.62 O $111.31 O 8.1%