Question: Problem 9-24 (Algo) Use the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 4.3% 7.3% Yield on intermediate-grade corporate

Problem 9-24 (Algo)

Use the following data on bond yields:

This Year Last Year
Yield on top-rated corporate bonds 4.3% 7.3%
Yield on intermediate-grade corporate bonds 6.3% 9.3%

Required:

a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.)

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