Consider the following multifactor (APT) model of security returns for a particular stock. Factor Risk Premium Factor Inflation Industrial production oil prices Factor Beta 0.9 0.4 0.2 55 8 3 a. If T-bills currently offer a 9% yield, find the expected rate of return on this stock if the market views the stock as fairly priced. (Do not round intermediate calculations, Round your answer to 1 decimal place.) Expected rate of return b. Suppose that the market expects the values for the three macro factors given in column 1 below, but that the actual values turn out as given in column 2. Calculate the revised expectations for the rate of return on the stock once the "surprises become known (Do not round intermediate calculations. Round your answer to 1 decimal place.) Expected Factor Value Actual Value Inflation 8# Industrial production 7 10 oil prices 90 6 0 Expected rate of retum 96