Which Is the Following Statements Is Correct

Multiple Choice

Which is the following statements is correct?

A) The expected return is the return of a security that we compute based on the payoff value that we expect to receive on average.
B) The expected return is the return of a security that we compute based on the future value that we expect to receive on average.
C) The expected return is the return of a security that we compute based on the present value that we expect to receive on average.
D) The expected return is the return of a security that we compute based on the book value that we expect to receive on average.