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Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 4.3% 6.3 Last Year 8.6% 10.2

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Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 4.3% 6.3 Last Year 8.6% 10.2 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? O Rising O Falling

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