Four years ago, David Robertson purchased 200 shares of Harrison Microchips. At the time, each share of Harrison Microchips was selling for $40. He also paid a $22 commission when the shares were purchased. Now, four years later, he has decided it’s time to sell his investment. Harrison Microchips’s share price when sold was $52.50. In addition, he paid a $34 commission to sell his shares. He also received total dividends of $2.20 per share over the four-year investment period.

1. What was the total return for Mr. Robertson’s investment?

2. What is the annualized holding yield for his investment?