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Problem 9-24 (Algo) Use the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 4.3% 7.3% Yield on intermediate-grade corporate
Problem 9-24 (Algo)
Use the following data on bond yields:
| This Year | Last Year | |
|---|---|---|
| Yield on top-rated corporate bonds | 4.3% | 7.3% |
| Yield on intermediate-grade corporate bonds | 6.3% | 9.3% |
Required:
a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
