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Intro 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

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Intro 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 7%, while Ford has a coupon rate of 5.5%. Part 1 To Attempt 1/5 for 10 pts. The GM bond trades at 96.63 (percent of par). What is the yield to maturity (YTM)? 3+ decimals Submit Part 2 IB Altempt 1/5 for 10 pts. What should be the price of the Ford bond (in $)? O+ decimals Submit

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