Exactly one year ago, Harv bought 500 shares of Primer Corp stock for $22.75 per share. He plans on selling all of the shares today at the current market price of $26.50 per share. Over the last year, Primer Corp. paid out dividends of $1.75 per share on its common stock. What is Harvs holding period return for the year on Primer Corp. stock? Submit your answer as a percentage and round to two decimal places.