Question: Caleb buys a(n) 6.99% corporate bond with a current yield of 6.41%. When he sells the bond one year later, the current yield on the

 Caleb buys a(n) 6.99% corporate bond with a current yield of

Caleb buys a(n) 6.99% corporate bond with a current yield of 6.41%. When he sells the bond one year later, the current yield on the bond is 5.65%. How much did Caleb make on this investment? The amount Caleb made on this investment is $ (Round to the nearest cent) Caleb buys a(n) 6.99% corporate bond with a current yield of 6.41%. When he sells the bond one year later, the current yield on the bond is 5.65%. How much did Caleb make on this investment? The amount Caleb made on this investment is $ (Round to the nearest cent)

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