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Given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 8.8% 9.3% Yield on intermediate-grade corporate bonds 11.3 10.8
| Given the following data on bond yields: |
| This Year | Last Year | |
| Yield on top-rated corporate bonds | 8.8% | 9.3% |
| Yield on intermediate-grade corporate bonds | 11.3 | 10.8 |
| a. | Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.) |
| Confidence Index | |
| This Year | |
| Last Year | |
| b. | Is the confidence index increasing or decreasing? |
|
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Handbook Of High Frequency Trading
Authors: Greg N. Gregoriou
1st Edition
0128022051, 978-0128022054
