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ABC Corp. has decided to invest $24,500 in a portfolio with an expected return of 9 percent and invest $10,000 in a risk-free asset that

ABC Corp. has decided to invest $24,500 in a portfolio with an expected return of 9 percent and invest $10,000 in a risk-free asset that he expects to return 3.6 percent. What rate of return is he expecting on this portfolio?

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