Hooper Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have an 8% annual coupon rate and were issued one year ago at their par value of $1,000 , but due to changes in interest rates, the bond's market price has fallen to $901.40 The capital gains yield last year was - 9.86%
For the coming year, what is the expected capital gains yield? Round your answer to two decimal places.