Suppose you buy a share for $100 and expect that the price next year will be:

$115 with a probability of 30%

$105 with a probability of 30%

$95 with a probability of 40%.

Assuming that the stock pays no dividend for the next year, then the expected return on your investment expressed as a percentage to 2 decimal place is:

Select one:

a. 8.75%

b. 4.00%

c. 5.00%

d. 5.19%