Consider the following simplified APT model:

Factor	Expected Risk Premium (%)
Market	6.9
Interest rate	.4
Yield spread	4.3

	Factor Risk Exposures
	Market	Interest Rate	Yield Spread
Stock	(b1)	(b2)	(b3)
P	.9	1.3	.3
P2	1.0	0	.3
P3	.3	1.4	1.3

Calculate the expected return for each of the stocks shown in the table above. Assume r_f = 3.7%. (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	%