An analyst is evaluating securities in a developing nation where the inflation rate is very high. As a result, the analyst has been warned not to ignore the cross-product between the real rate and inflation. If the real risk-free rate is 6% and inflation is expected to be 8% each of the next 4 years, what is the yield on a 4-year security with no maturity, default, or liquidity risk? (Round answer two decimal places)