One year ago Joe and Marissa Morini made several large-cap stock investments. They used no margin, and their trading costs were $8 per transaction. Their purchases included the following:

100 shares of Stock A at $26 (annual dividend, $0.16)

100 shares of Stock B at $35 (annual dividend, $0.60)

100 shares of Stock C at $40 (annual dividend, $0.50)

100 shares of Stock D at $15 (no dividend)

The current prices are as follows: Stock A $29, Stock B $33, Stock C $41, and Stock D $18.

a. What was the total start-up cost for the investment portfolio?

b. What is the current value of Morini's portfolio?

c. Calculate the dividend yield and capital gains yield for each of the Morinis' stocks, ignoring transaction costs.

d. Calculate the annual return on the investment for the Morinis/ investment portfolio.