Consider the following simplified APT model:

Factor	Expected Risk Premium (%)
Market	5.8
Interest rate	.4
Yield spread	4.2

	Factor Risk Exposures
	Market	Interest Rate	Yield Spread
Stock	(b1)	(b2)	(b3)
P	1.6	1.4	.4
P2	1.6	0	.7
P3	.3	1.1	.4

Calculate the expected return for each of the stocks shown in the table above. Assume r_f = 3.8%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Expected return P	____%
Expected return P	____%
Expected return P3	-___%