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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

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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%. The GM bond trades at 94.93 (percent of par). What is the yield to maturity (YTM)? Attempt 1/10 for 10 pts. What should be the price of the ford bond (in \$)

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