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Given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 8.1% 8.6% Yield on intermediate-grade corporate bonds 10.6 10.1
| Given the following data on bond yields: |
|
| This Year | Last Year |
| Yield on top-rated corporate bonds | 8.1% | 8.6% |
| Yield on intermediate-grade corporate bonds | 10.6 | 10.1 |
|
| ||
| 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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