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The Costaguanan stock market provided a rate of return of 96%. The inflation rate in Costaguana during the year was 80%. In the United States,
The Costaguanan stock market provided a rate of return of 96%. The inflation rate in Costaguana during the year was 80%. In the United States, in contrast, the stock market return was only 16%, but the inflation rate was only 2%. Calculate the real rate of return for both the Costaguana and the United States stock markets. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Real rate of return Costaguana United States Which country's stock market provided the higher real rate of return? Costaguana O United States
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