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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 Attempt 1/2 for 5 pts. The GM bond trades at 94.68 (percent of par). What is the yield to maturity (YTM)? Part 2 Attempt 1/2 for 5 pts. What should be the price of the Ford bond (in S)

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