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A stock has three risk factors with loadings of 1 . 1 5 , 1 and 1 . 2 . The first risk factor is

A stock has three risk factors with loadings of 1.15,1 and 1.2. The first risk factor is the same as the CAPM. The other two factors have risk premia of 3% and 3.2% p.a. respectively. Given that the stock is believed to be fairly priced, has an expected return of 13.3 and the US treasury bill rate is 1.47% p.a., what is the expected return on the market for the coming year?

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