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Using the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 4.6 % 7.6 % Yield on intermediate-grade corporate bonds
Using the following data on bond yields:
| This Year | Last Year | |||
| Yield on top-rated corporate bonds | 4.6 | % | 7.6 | % |
| Yield on intermediate-grade corporate bonds | 6.6 | % | 9.6 | % |
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?
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Increasing
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Decreasing
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Financial Regulation In The Global Economy
Authors: Richard J. Herring , Robert E. Litan
1st Edition
