A treasury bond with a time to maturity of 5 years and a coupon rate of 3% is trading at par. Suppose you are considering investing in a 5- year bond issued by GE, a rm that is under nancial distress, with a coupon rate of 3% (paid annually). Should this GE bond trade at a premium, at par, or at a discount? Should this GE bonds YTM be higher or lower than 3%? Explain.