14.)

Assume the following data for a stock: Risk-free rate = 4 percent; beta (market) = 0.9; beta (size) = 0.3; beta (book-to-market) = 1.1; market risk premium = 7 percent; size risk premium = 3.7 percent; and book-to-market risk premium = 5.2 percent. Calculate the expected return on the stock using the Fama-French three-factor model.

		11.5 percent
		22.3 percent
		13.1 percent
		24.3 percent
		17.1 percent