Consider the following multifactor (APT) model of security returns for a particular stock.

Factor	Factor beta	Factor risk premium
inflation	1.4	0.03
industrial production	1.4	0.09
oil prices	1.4	0.04

If the T-bill currently offers a 0.03 yield, then find the expected rate of return on this stock, assuming that the market views the stock as fairly priced.