Kim Back Invested $20,000 One Year in Corporate Bonds

question 25

Multiple Choice

Kim Back invested $20,000 one 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 dropped to $980. Which of the following is Kim's investment percent return on each bond?

• A) −2%
• B) 6%
• C) 4%
• D) −6%

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Definitions:

Donation Amounts

The specific quantities or sums of money given as contributions to charitable organizations or causes.

Philanthropy

Voluntary activities and donations aimed at improving the well-being of humanity and addressing social issues.

Prosocial Behavior

Voluntary actions intended to benefit or help others without expecting reward.

Distress

Extreme anxiety, sorrow, or pain, often resulting from situations of stress or trauma.