On January 1,

2020,

Simon Love's portfolio of 15 common stocks had a market value of

$258,000.

At the end of May

2020,

Simon sold one of the stocks, which had a beginning-of-year value of

$26,000,

for

$31,600.

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

$11,300

during the year. On December 31,

2020,

Simon's portfolio had a market value of

$240,000.

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(Measure the amount of withdrawn funds at their beginning-of-year value.)