Question
Using the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 5.1 % 8.1 % Yield on intermediate-grade corporate bonds
Using the following data on bond yields:
| This Year | Last Year | |||
| Yield on top-rated corporate bonds | 5.1 | % | 8.1 | % |
| Yield on intermediate-grade corporate bonds | 7.1 | % | 10.1 | % |
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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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
