Select the event that would be included in the expected return on Nestle stock?

a. The chief financial officer of Nestle unexpectedly resigned.

b. The labor union representing Nestle's employees unexpectedly called a strike.

c. This morning, Nestle confirmed that its CEO is retiring at the end of the year as was anticipated.

d. The price of Nestle stock suddenly declined in value because researchers accidentally discovered that one of the firm's products can be toxic to household pets.

e. The board of directors made an unprecedented decision to give sizeable bonuses to the firm's internal auditors for their efforts in uncovering wasteful spending.