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part 1: the GM bond trades at 96.59(percent of par). what is the yield to maturity (YTM)? part 2: What should be the price of

part 1: the GM bond trades at 96.59(percent of par). what is the yield to maturity (YTM)?

part 2: What should be the price of the Ford bond

(in $)?

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 6.4%, while Ford has a coupon rate of 5.9%

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