Calculate kim investment return

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Reference no: EM131798288

Kim Baek invested $20,000 for a year in corporate bonds. Each bond sold for $1,000 and earned a coupon payment of $80 each during the year. The price of the bond at the end of the year has dropped to $980.

a. Calculate Kim's investment return.

b. Calculate Kim's total dollar gain or loss on his investment.

Reference no: EM131798288

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