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During the past year, the rates of return of the following investment vehicles were as follows: Bonds fund 7%, Canadian equity fund 3%, US equity

During the past year, the rates of return of the following investment vehicles were as follows: Bonds fund 7%, Canadian equity fund 3%, US equity fund 9%, Money markets -1%. What was the overall return rate on Dannys portfolio if his savings were: 20% in bonds fund, 40% in Canadian equity fund, 20% in US equity fund, and the rest in money markets.

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