Question: Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 4.2% 6.2 Last Year 8.6% 10.0

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

Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 4.2% 6.2 Last Year 8.6% 10.0 a. Calculate the change in the confidence Index from last year to this year. (Round your answers to 3 decimal places.) Answer is not complete. Confidence Index This year Last year b. Is the confidence Index rising or falling? Rising Falling

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