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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 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 5.3%.

YTM=0.084

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- Attempt 1/5 for 10 pts. Part 2 What should be the price of the Ford bond (in $)? 0+ decimals Submit

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