Question: Problem 9-24 Using the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 5.18 7.18 Last Year

Problem 9-24 Using the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 5.18 7.18 Last Year 8.18 10.10 a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.) Confidence Index This year Last year b. Is the confidence index increasing or decreasing? Increasing Decreasing

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