An investor purchased $8,000 worth of shares in a REIT. These shares accounted for 40% of the investors total portfolio. After one year, the value of these shares increased to $9,000. The investor also received dividend payments worth $600 during this year.

(a) What was the holding period return (HPR) for the REITs shares during the year?

(b) If the investor had only one other asset during the year that had a HPR of 30%, what was the HPR for the investors total portfolio during the year?