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After analysing several companies, you decided to invest in the shares of the following companies (expected returns are in the parentheses): $40,000 in Firm A

After analysing several companies, you decided to invest in the shares of the following companies (expected returns are in the parentheses): $40,000 in Firm A (10%), $20,000 in Firm B (7%), and $25,000 in Firm C (12%). Compute the expected return of your portfolio.

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