Calculate the confidence index this year and last, Financial Management

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Calculate the confidence index this year and last

Given the following data on bond yields: This Year Last Year Yield on top-rated corporate bonds 9.6 % 10.1 % Yield on intermediate-grade corporate bonds 12.1 11.6 a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.) Confidence Index This year Last year b. Is the confidence index increasing or decreasing? Increasing Decreasing,

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