Caleb buys an 8.75% corporate bond with a current yield of 5.6%. When he sells the bond

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Caleb buys an 8.75% corporate bond with a current yield of 5.6%. When he sells the bond 1 year later, the current yield on the bond is 6.6%. How much did Caleb make on this investment?

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Fundamentals Of Investing

ISBN: 9780134083308

13th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Dec 15, 2016 09:28 AM

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Caleb buys an 8.75% corporate bond with a current yield of 5.6%. When he sells the bond

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Price at 56 yield 87500056 156250 Price at ...View the full answer

Fundamentals Of Investing

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