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2. 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
2. 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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