The Costaguanan stock market provided a rate of return of 95%. The inflation rate in Costaguana during the year was 80%. In Ruritania the stock market return was 12%, but the inflation rate was only 2%.

a.Calculate the real rate of return for Costaguanan stock market?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b.Calculate the real rate of return for Ruritania stock market?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

c.Which country's stock market provided the higher real rate of return?