1a. Tarea purchased 10 triple tax-free municipal bonds with a par value of $1,000 each and a coupon rate of 4% with a maturation date of 2032. The municipal bond coupons pay out semiannually, what interest payment should Tarea expect to receive on all 10 bonds in total every 6 months for the next 12 years?

1b. what are the annual federal tax consequences for Tarea on the interest earned from the tax-free municipal bonds if she is in the 35% tax bracket?