Consider the following simplified APT model:

Factor	Expected Risk Premium (%)
Market	6.3
Interest rate	.5
Yield spread	4.9

	Factor Risk Exposures
	Market	Interest Rate	Yield Spread
Stock	(b1)	(b2)	(b3)
P	1.1	1.9	.3
P2	1.3	0	.4
P3	.3	.6	.9

Calculate the expected return for each of the stocks shown in the table above. Assume r_f = 4.8%. (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	%