Calculate the yearly interest income of each bond

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Calculate the yearly interest income of each bond on the basis of its coupn rate and the number of bonds that Mark could buy with his $20,000.

Bond A: Coupon rate 6% annually

Purchased from $20,000 are 25

Bond B: Coupon rate 14% annually

Purchased from $20,000 are 18

Reference no: EM13880148

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