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If we say the bonds of Harding Company have a yield to maturity that is 250 basis points over Treasuries, and the relevant Treasury rate
If we say the bonds of Harding Company have a yield to maturity that is 250 basis points over Treasuries, and the relevant Treasury rate is 4%, what is the yield to maturity on Harding Company's bonds?
a. 4.0%
b. 2.5%
c. 6.5%
d. 65.0%
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