Piper invested $7,400 in a Certificate of Deposit, $4,980 in a corporate bond, $5,100 in a common stock, and $6,350 in a preferred stock, The COD has a rate of return of 3.4%; the corporate bond is 5.8%; the common stock’s rate of return is –1.9%; and the preferred stock has a rate of return of 4.6%. What is Piper’s weighted mean rate of return?
4.60%
3.90%
2.98%
3.09%

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\(\dfrac{Sum\;of\;all\;returns}{Sum\;of\;all\;imvestments} = ??\)

\[$7,400 + $4,980 + $5,100 + $6,350 / 3.4% + 5.8% + -1.9% + 4.6%\]

?? What is that?
What is the return AMOUNT on the COD?

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