Suppose the market follows a Fama-French Three-factor model (FF3), where the market has expected return of 0.06, E(r_hml) is 0.08, and E(r_smb) is 0.2. Suppose a stock has market beta of 1.2, HML beta of 1, and SMB beta of 1.5. Given the risk-free rate is 0.03, what is the expected return of this stock?

		0.446
		0.346
		0.452
		0.482
		0.416