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  3. caleb buys a(n) 7.24% corporate bond with a curren

Caleb buys a(n) 7.24% corporate bond with a current yield of 6.75%. When he sells...

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Caleb buys a(n) 7.24% corporate bond with a current yield of 6.75%. When he sells the bond one year later, the current yield on the bond is 4,58%. How much did Caleb make on this investment? The amount Caleb made on this investment is $ (Round to the nearest cent.)

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