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elena55 [62]
3 years ago
5

Given the following data on bond yields:

Business
1 answer:
Alexandra [31]3 years ago
4 0

Answer:

Explanation:

a) Confidence index=Yield on top-rated corporate bonds/ Yield on intermediate-grade corporate bonds

This year=9.3%/11.8%=0.788

Last Year=9.8%/11.3%=0.8673

b) From the calculations we can see that confidence index is decreasing from 0.8673 to 0.788.

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