The Costaguanan stock market provided a rate of return of 95%. The inflation rate in Costaguana during

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The Costaguanan stock market provided a rate of return of 95%. The inflation rate in Costaguana during the year was 80%. In the United States, in contrast, the stock market return was only 12%, but the inflation rate was only 2%. Which country's stock market provided the higher real rate of return?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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