Question: Problem 17 Intro A GM and a Ford bond both have 4 years to maturity, a $1,000 par value, a BB rating and pay interest

Problem 17 Intro A GM and a Ford bond both have

Problem 17 Intro 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 6.1%, while Ford has a coupon rate of 5.1%. 18 Attempt 175 for 10 pts. Part 1 The GM bond trades at 90.44 (percent of par). What is the yield to maturity (YTM)? 3+ decimals Submit Part 2 - Attempt 1/5 for 10 pts. What should be the price of the Ford bond (in $)? 0+ decimals Submit

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