Response to the following problem:
Charlotte bought 2000 shares of the balanced Jolla Fund exactly one year and two days ago for an NAV of $8.60 per share. During the year, the fund distributed investment income dividends of $0.32 per share and capital gains dividends of $0.38 per share. At the end of the year, Charlotte realised $8.75 per share on the sale of all 2000 shares.
Calculate Charlotte's HPR on this transaction.