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Price per Month # of Shares Client's Cash Total Portfolio Activity Value HPR Share 1 65 100 6,500 2. 64 120 640 7,680 8.31% 3

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Price per Month # of Shares Client's Cash Total Portfolio Activity Value HPR Share 1 65 100 6,500 2. 64 120 640 7,680 8.31% 3 65 120 7,800 1.56% 4 65 120 7,800 0.00% 5 68 90 (2,040) 6,120 6 67 90 6,030 -1.47% Based on the table above, what was the HPR for month 5? That is the months when share price went up from $65 to $68 and it is the month when the client has asked their PM to sell 30 shares at $68 per share (# of shares went down to 90 that months from 120) and has withdrawn the $2,040 proceeds from sale from the account. 0-21.54% O 5.18% O-47.69% O 4.62%

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