Answer is complete but not entirely correct. Confidence index 75.610 x correct for the work you have completed so far. It does not indicate completion Baa-rated bonds currently yield 7%, while Aa-rated bonds yield 6%. Suppose that due to an increase in the expected inflation rate, the yields on both bonds increase by 1.2%. a. Calculate the new confidence index? (Round your answer to 3 decimal places.) b. Would this be interpreted as bullish or bearish by a technical analyst? Bullish Bearish Retur h