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Nate purchased interest-bearing security last year, planning to hold it until maturity. He received interest payments, and, to his surprise, a sizable amount of the

Nate purchased interest-bearing security last year, planning to hold it until maturity. He received interest payments, and, to his surprise, a sizable amount of the principal was paid back in the first year. This happened again in year 2. What type of security did Nate purchase?
a. A corporate bond
b. An asset-backed security
c. A high yield junk bond
d. A zero-coupon bond

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