Question: I need help solving this problem A GM and a Ford bond both have 4 years to maturity, a $1,000 par value, a BB rating

I need help solving this problem

A GM and a Ford bond both have 4 years to maturity, a $1,000 par value, a BB rating and pay interest semiannually. GM has a coupon rate of 6.3%, while Ford has a coupon rate of 5.5%. Part 1 (1) Attempt 2/10 for 10 pts. The GM bond trades at 90.47 (percent of par). What is the yield to maturity (NTM)? Part 2 1. Attempt 2/10 for 10 pts. What should be the price of the Ford bond (in \$)

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