On January 1, 2020, Simon Love’s portfolio of 15 common stocks had a market value of $264,000. At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,300, for $31,500. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $12,500 during the year. On December 31, 2020, Simon’s portfolio had a market value of $250,000. Find the HPR on Simon’s portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.)