On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $ 262,000. At the end of May 2017, Simon sold one of the stocks, which had a beginning-of-year value of $26,600, for $31,200. 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 $ 12,100during the year. On December 31, 2017, Simon's portfolio had a market value of $ 249,000. Find the HPR on Simon's portfolio during the year ended December 31, 2017.

(Measure the amount of withdrawn funds at their beginning-of-year value.)