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Use the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds ThisYear4.4%6.4%LastYear7.4%9.4% Required: a. Calculate the confidence index this

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Use the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds ThisYear4.4%6.4%LastYear7.4%9.4% Required: a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.) b. Is the confidence index increasing or decreasing? Increasing Decreasing

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