On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $264,000.

Question:

On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $264,000. At the end of May 2017, Simon sold one of the stocks, which had a beginning-of-year value of $26,300, for $31,500. 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 $12,500 during the year. On December 31, 2017, Simon's portfolio had a market value of $250,000. 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 (Measure the amount of withdrawn funds at their beginning-of-year value.)

Stocks
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A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...