On January 1, Garrity Jones purchased 100 shares of Anchor Concrete's common stock for $80 per share. It is now December 31 of the same year and the market value of the stock is $85 per share. During the year Garrity received dividends that totaled $7 per share.
a. What is the total dollar return that Garrity earned during the year?
b. Compute the yield (percent return) associated with the investment for the year