Question: P 1 0 . 1 0 Caleb buys an 8 . 7 5 % corporate bond with a current yield of 5 . 6 %

P10.10 Caleb buys an 8.75% corporate bond with a current yield of 5.6%. When he sells the bond one year later, the current yield on the bond is 6.6%. How much did Caleb make on this investment?

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