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Use the following data on bond yield: This Year 4.18 6.1 Last Year 7.1% 10.0 Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds

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Use the following data on bond yield: This Year 4.18 6.1 Last Year 7.1% 10.0 Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds a. Calculate the change in the confidence index from last year to this year. (Round your answers to 3 decimal places.) Confidence Index This year Last year b. Is the confidence index rising or falling? Rising Falling

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