Question: Caleb buys a(n) 6.22% corporate bond with a current yield of 8.11%. When he sells the bond one year later, the current yield on the

Caleb buys a(n) 6.22% corporate bond with a current yield of 8.11%. When he sells the bond one year later, the current yield on the bond is 6.05%. How much did Caleb make on this investment?

The amount Caleb made on this investment is $___

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