Suppose the risk-free rate is 4%. Suppose that the expected market risk premium is 5%, the excess return of a stock for a small firm over that of a stock for a large firm is 3%, the excess return of a stock for a firm with a high book-market value over that of a stock for a firm with a high book-market value is 4%. Suppose that company XYZ has the following exposures: (10 points)

Market factor: 1.2

Size factor: .7

Book-market factor: .9

Find the expected return for Stock XYZ.