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Caleb buys a(n) 6.68% corporate bond with a current yield of 6.49%. When he sells the bond one year later, the current yield on the
Caleb buys a(n) 6.68% corporate bond with a current yield of 6.49%. When he sells the bond one year later, the current yield on the bond is 5.83%. How much did Caleb make on this investment? The amount Caleb made on this investment is $ 1029.28. (Round to the nearest cent.)
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