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given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 9.4 % 9.6 % Yield on intermediate-grade corporate bonds
given the following data on bond yields:
This Year | Last Year | ||||||
Yield on top-rated corporate bonds | 9.4 | % | 9.6 | % | |||
Yield on intermediate-grade corporate bonds | 11.9 | 11.4 | |||||
a. Calculate the confidence index this year and last year. (Round your answers to 3 decimal places.)
Confidence Index | |
This year | |
Last year | |
b. Is the confidence index rising or falling?
multiple choice
-
Rising
-
Falling
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