Question: Problem 4 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 4 Intro A GM and a Ford bond both have

Problem 4 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 7%, while Ford has a coupon rate of 5.7%. 18 | Attempt 1/10 for 10 pts. Part 1 The GM bond trades at 90.31 (percent of par). What is the yield to maturity (YTM)? 3+ decimals Submit - Attempt 1/10 for 10 pts. Part 2 What should be the price of the Ford bond (in $)? 0+ decimals Submit

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