Suppose you purchased 1,500 shares of Pan Am Airlines at the beginning of the year for $19.85. By the end of the year, the stock price had appreciated to $24.76. At the end of the year, Pan Am paid a dividend of $1.47 per share. Calculate your capital gain on this investment over the year.

What was your capital gain on this investment over the year? ___% (Round to two decimal places.)