Question: Given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 9.4% 9.6 % Yield on intermediate-grade corporate bonds 11.9

Given the following data on bond yields:

This Year Last Year
Yield on top-rated corporate bonds 9.4% 9.6 %
Yield on intermediate-grade corporate bonds 11.9 11.4

a.

Calculate the confidence index this year and last year.

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