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Marco owns the following portfolio of stocks. What is the expected return on his portfolio? Do not round earlier calculation steps. Express your answer as

Marco owns the following portfolio of stocks. What is the expected return on his portfolio? Do not round earlier calculation steps. Express your answer as a percentage to two decimal places, but do not include the % sign.

Stock Amount Invested Return on Stock (%)
A $ 2,000 --6.7
B $ 12,000 6.8
C $ 5,000 9.7

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