You hold a well-diversified portfolio of stocks with a market value of $6 million. The portfolios beta is 3. You decide to set a hedge using the S&P 500 futures to decrease your exposure to the market risk down to beta=1.7. The multiplier is $250 and the futures price is currently 3,873. When the futures expire one year later, the S&P 500 index has increased by 10%. Please, find the holding period rate of return on your hedged portfolio. Do not round the number of contracts to the nearest integer. Use the assumptions described in class. State your answer as a percentage with 3 digits after the decimal point.