Question: 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.

Intro A GM and a Ford bond both have 4 years to

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 5.4%. Part 1 The GM bond trades at 95.98 (percent of par). What is the yield to maturity (YTM)? 3+ decimals Submit Part 2 What should be the price of the Ford bond (in $)? No decimals BAttempt 1/5 for 10 pts. Submit Attempt 1/5 for 10 pts.

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