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What is the yield to maturity on a $1,000 par value 6? percent Hilton Corporation bond if the investor buys the bond at the following market prices? Assume the coupon is paid annually and the bond matures in 15 years
What is the yield to maturity on a $1,000 par value 6? percent Hilton Corporation bond if the investor buys the bond at the following market prices? Assume the coupon is paid annually and the bond matures in 15 years.
a.$1,250.00
b.$1,000.00
c.$911.50
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