Question: Given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 9.4% (this year) 9.9% (last year) Yield on intermediate-grade
Given the following data on bond yields:
This Year Last Year Yield on top-rated corporate bonds 9.4% (this year) 9.9% (last year)
Yield on intermediate-grade corporate bonds 11.9 (this year) 11.4 (last year)
A. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.) This year? Last year?
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