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aleb buys a(n) 6.09 % corporate bond with a current yield of 7.41 %. When he sells the bond one year later, the current yield
aleb buys a(n)
6.09
%
corporate bond with a current yield of
7.41
%.
When he sells the bond one year later, the current yield on the bond is
7.71
%.
How much did Caleb make on this investment?
The amount Caleb made on this investment is
$nothing
.
(Round to the nearest cent.)
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