A company has organized a prediction market allowing its employees to bet on the success or failure of company initiatives. One security sold by the prediction market is a bet that a new product will be ready to go to market on schedule. Employees who purchase this security will receive $$100$ on the date the new product is meant to go to market if it is indeed ready by then, and $$0$ otherwise.

At present, the security is selling at a price of $$45.$ This means that the company's employees think the product has a:

$\mathrm{a.\; 5}\mathrm{.}5\%$ chance of being ready on schedule.

$\mathrm{b.\; 4}5\%$ chance of being ready on schedule.

$\mathrm{c.\; 5}5\%$ chance of being ready on schedule.

$\mathrm{d.\; 9}5\mathrm{.}5\%$ chance of being ready on schedule.

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