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On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $253,000. At the end of May 2017, Simon sold
On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $253,000. At the end of May 2017, Simon sold one of the stocks, which had a beginning-of-year value of $26,600, for $31,900. 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 $12,200 during the year. On December 31, 2017, Simon's portfolio had a market value of $245,000. Find the HPR on Simon's portfolio during the year ended December 31, 2017 (Measure the amount of withdrawn funds at their beginning-of-year value.) Simon's portfolio HPR during the year ended December 31, 2017, is % (Round to two decimal places.)
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