I think it is 'B' expectations not certainity , so should use 'would'
For using that/of, i think it is more of a usage issue.
Intense expectations that he would win.
I dont' have high expectations of him.
Q38:
Retail sales rose 8/10 of 1 percent in August, intensifying expectations that personal spending in the July-September quarter more than doubled that of the 1.4 percent growth rate in personal spending for the previous quarter.
A. that personal spending in the July-September quarter more than doubled that of
B. that personal spending in the July-September quarter would more than double
C. of personal spending in the July-September quarter, that it more than doubled
D. of personal spending in the July-September quarter, more than doubling that of
E. of personal spending in the July-September quarter, that it would more than double that of
what is correct expectaions that/of

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