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Problem 17 Intro A GM and a Ford bond both have 4 years to maturity, a $1,000 par value, a BB rating and pay interest

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Problem 17 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 6.2%, while Ford has a coupon rate of 5.3%. Part 1 Attempt 1/5 for 10 pts. The GM bond trades at 92.65 (percent of par). What is the yield to maturity (YTM)? | 3+ decimals Submit

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