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An investor has a portfolio of 10 high-grade corporate bonds. Over a period of time, the average yield on the portfolio was 4.76% and the

An investor has a portfolio of 10 high-grade corporate bonds. Over a period of time, the average yield on the portfolio was 4.76% and the yield spread was 122 basis points. What was the confidence index over this period? 52.44% 40.91% 91.22% 79.60%

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