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Using the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 4.2 % 7.2 % Yield on intermediate-grade corporate bonds

Using the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 4.2 % 7.2 % Yield on intermediate-grade corporate bonds 6.2 % 9.2 % a. Calculate the confidence index this year and last year.

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