Question: Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Last Year Year 5.0% 9.2% 7.0

Use the following data on bond yield: Yield on top-rated corporate bonds

Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Last Year Year 5.0% 9.2% 7.0 10.9 a. Calculate the change in the confidence index from last year to this year. (Round your answers to 3 decimal places.) This year Confidence Index Last year b. Is the confidence index rising or falling? O Rising O Falling

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