Question: Use the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 5.5% 7.5% Last Year 8.5%

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

Use the following data on bond yields: Yield on top-rated corporate bonds Yield on intermediate-grade corporate bonds This Year 5.5% 7.5% Last Year 8.5% 10.5% Required: a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.)

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