Question: Use the following data on bond yield: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 4.5% 6.5 Last Year 8.7% 10.3

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 4.5% 6.5 Last Year 8.7% 10.3 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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