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Given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 9.3% 9.8% Yield on intermediate-grade corporate bonds 11.8 11.3
| Given the following data on bond yields: |
| This Year | Last Year | |
| Yield on top-rated corporate bonds | 9.3% | 9.8% |
| Yield on intermediate-grade corporate bonds | 11.8 | 11.3 |
| 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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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
