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An investment firm has a portfolio consisting of three stocks: Stock X , Stock Y , and Stock Z . The firm invested $ 5

An investment firm has a portfolio consisting of three stocks: Stock X, Stock Y, and Stock Z. The firm invested $50,000 in Stock X, $30,000 in Stock Y, and $20,000 in Stock Z. Over a year, the returns on these stocks were 8%,10% and 12% respectively. Calculate the weighted average return for the portfolio and interpret the results in terms of the firms investment performance.

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