Intro AGM and a Ford bond both have 4 years to maturity, a $1,000 par...
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Intro AGM 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 6.1%, while Ford has a coupon rate of 6%. Part 1 IB Attempt 1/10 for 10 pts. The GM bond trades at 88.6 (percent of par). What is the yield to maturity (YTM)? 3+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What should be the price of the Ford bond (in $)? 0+ decimals Submit
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