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A GM and a Ford bond both have 4 years to maturity, a $ 1 , 0 0 0 par value, a BB rating and

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 6.2%, while Ford has a coupon rate of 5.4%.The GM bond trades at 93.29(percent of par). a.) What is the yield to maturity (YTM)? b.)What should be the price of the Ford bond (in $)?

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