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You bought a $1,000 face value Morris County, NJ 10-year bond with equal annual amortization. a. How much principal will you receive each year? b.

You bought a $1,000 face value Morris County, NJ 10-year bond with equal annual amortization.

a. How much principal will you receive each year?

b. If the coupon rate is 4.5 %/year, how much interest will you receive in year 1 and year 2?

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