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10 Use the following data on bond yield: ts Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 5.98 7.9 Last Year

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10 Use the following data on bond yield: ts Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 5.98 7.9 Last Year 10.1% 11.9 02:28:47 a. Calculate the confidence index for last year and this year. (Round your answers Confidence Index Book This year Last year erences b. Is the confidence index rising or falling? Rising Falling

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