Can iPhone 5 be used as a Mobile Hotspot?

Currently I have a Droid 2. I find myself using my Mobile Hotspot feature a lot. My upgrade is coming soon. I'm stuck between getting a new droid and an iPhone and a deciding factor is the Mobile Hotspot feature. Can anyone shed a little light? I will almost exclusively be using this hotspot for my MacBook Pro.

Yes I can be used as a hotspot.

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