Question: Caleb buys a(n) 11.74% corporate bond with a current yield of 5.07%. When he sells the bond 1 year later, the current yield on the

Caleb buys a(n) 11.74% corporate bond with a current yield of 5.07%. When he sells the bond 1 year later, the current yield on the bond is 5.87%.

How much did Caleb make on this investment?

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