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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%. Part 1 E Attempt 1/10 for 10p The GM bond trades at 94.93 (percent of par). What is the yield to maturity (YTM)? Part 2 Attempt 1/10 for 10p What should be the price of the Ford bond (in \$)

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