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 $6\mathrm{.}3\%,$ while Ford has a coupon rate of $5\mathrm{.}3\%.$

Attempt $1/10$ for $9\mathrm{.}6$ pts$.$

Part $1$

The GM bond trades at $90\mathrm{.}47($percent of par$).$ What is the yield to maturity $($YTM$)?$

$3+$ decimals

Attempt $1/10$ for $9\mathrm{.}6$ pts$.$

Part $2$

What should be the price of the Ford bond $($in $$)?$