Consider the three stocks, stock X, stock Y and stock Z, that have the following factor loadings (or factor betas). Stock Factor 1 Loading Factor 2 Loading X -0.55 1.2 Y -0.49 1.44 N 0.35 0.5 The zero-beta return (lo) - 3%, and the risk premia are 11 = 10%, 12 = 8%. Assume that all three stocks are currently priced at $50. Calculate the expected return for stock Y. (Keep 3 decimals)