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1.) The stock of Enigma Limited can best be modeled by a three-factor APT model. The risk-free rate is 4%, the expected return on the

1.) The stock of Enigma Limited can best be modeled by a three-factor APT model. The risk-free rate is 4%, the expected return on the first factor is 7%, the expected return on the second factor is 13%, and the expected return on the third factor is 13%. If bi1 = 0.9, bi2 = 0.6, and bi3 = 0.3. What is Enigmas required return in percent?

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