Question: Use the following data on bond yield: This Year Last Year Yield on top-rated corporate bonds 5.9 % 10.1 % Yield on intermediate-grade corporate bonds
Use the following data on bond yield:
| This Year | Last Year | ||||||
| Yield on top-rated corporate bonds | 5.9 | % | 10.1 | % | |||
| Yield on intermediate-grade corporate bonds | 7.9 | 11.9 | |||||
a. Calculate the change in the confidence index from last year to this year. (Round your answers to 3 decimal places.)
Confidence index: This year?
Last Year ?
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