Varitox Berhad is a biotechnology firm that is about to announce the results of its clinical trials of a potential new vaccine for Covid-19. If the trials are successful, Varitox stock will be worth RM80 per share. However, if the trials are not successful, then Varitox Berhad's stock will only be worth RM12 per share. If on the morning that the announcement is scheduled, Varitox stock is trading for RM60.96, then the probability that investors place on the trials being successful areclosest to:

Select one:

A.48%

B.50%

C.60%

D.72%