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Hi Joe,
You are right about points being points. The key are percentages as you mention but I have found over the years that students generally don't think that way. It amazes me that these higher points get them ramped up so I am more than happy to give larger point values to assignments and tests and the students really like getting their "points".
This is what keeps teaching so interesting, we are always trying to figure out what makes students "tick".
Gary

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