The expected return on a share of ExxonMobil stock in the U.S. is 7.6% while the expected return on a share of Royal Dutch Shell stock is 8.8% in the Netherlands. The pure rate of return is 2% in both countries and the risk premium is 3% for each company's stock.

A. What is the long-term expected inflation rate in the U.S. if the multiplicative form of the Fisher model is used in making the calculation? (Please carry your final answers out to 2 decimal places.)

B. What is the long-term expected inflation rate in the Netherlands, if the multiplicative form of the Fisher model is used in making the calculation? (Please carry your final answers out to 2 decimal places.)