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Use the following data on bond yield: This Year Last Year Yield on top-rated corporate bonds 4.4 % 8.7 % Yield on intermediate-grade corporate bonds
Use the following data on bond yield:
This Year | Last Year | ||||||
Yield on top-rated corporate bonds | 4.4 | % | 8.7 | % | |||
Yield on intermediate-grade corporate bonds | 6.4 | 10.2 | |||||
a. Calculate the change in the confidence index from last year to this year. (Round your answers to 3 decimal places.)
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