Question: Caleb buys a(n) 9.67% corporate bond with a current yield of 9.79%. When he sells the bond one year later, the current yield on the

Caleb buys a(n) 9.67% corporate bond with a current yield of

Caleb buys a(n) 9.67% corporate bond with a current yield of 9.79%. When he sells the bond one year later, the current yield on the bond is 7.51%. 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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