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 $5\mathrm{.}1\%.$

Part $1$

The GM bond trades at $96\mathrm{.}63($percent of par$).$ What is the yield to maturity $($YTM$)?$

Try again