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Caleb buys a(n) 8.75% corporate bond with a current yield of 5.60%. When he sells the bond one year later, the current yield on the
Caleb buys a(n) 8.75% corporate bond with a current yield of 5.60%. When he sells the bond one year later, the current yield on the bond is 6.60%.
How much did Caleb make on this investment?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
