Question
Using the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 4 % 7 % Yield on intermediate-grade corporate bonds
Using the following data on bond yields:
| This Year | Last Year | |||
| Yield on top-rated corporate bonds | 4 | % | 7 | % |
| Yield on intermediate-grade corporate bonds | 6 | % | 9 | % |
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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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
