Colwyn buys a 10% corporate bond with a current yield of 6%. When he sells the bond

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Colwyn buys a 10% corporate bond with a current yield of 6%. When he sells the bond 1 year later, the current yield on the bond is 7%. How much did Col make on this investment?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

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

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Question Posted: Apr 28, 2015 03:45 AM

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Colwyn buys a 10% corporate bond with a current yield of 6%. When he sells the bond

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Fundamentals of Investing

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