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Caleb buys a(n) 11.96% corporate bond with a current yield of 5.28%. When he sells the bond 1 year later, the current yield on the

Caleb buys a(n) 11.96% corporate bond with a current yield of 5.28%. When he sells the bond 1 year later, the current yield on the bond is 4.16%.

How much did Caleb make on this investment? The amount Caleb made on this investment is $

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