Question: Given the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 9.2% 11.7 Last Year 9.4% 11.2

Given the following data on bond yields: Yield on top-rated corporate

Given the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 9.2% 11.7 Last Year 9.4% 11.2 a. Calculate the confidence index this year and last year. (Round your answers to 3 decimal places.) Confidence Index This year Last year b. Is the confidence index rising or falling? Rising O Falling

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