~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
<br />EXHIBIT 2 Page 3-
<br />$22,000,000
<br />CERTIFICATES OF PARTICIPATION
<br />MA ION OUNTY, OREGON JECT) 1998 SERIES A
<br />~ PROOF OF BOND YIELD REPORT _
<br />BOND YIELD : 4.832636507t
<br />ENDING NE/MATURINGED T OMPONENfSE
<br />12/16/96 -42,323.33 42,323.33(1)
<br />12/16/98 134,000.00 -134,000.00(3)
<br />12/16/98 -22,000,000.00 22,000,000.00(4)
<br />12/16/98 74,933.40 -74,933.40(2)
<br />06/O1/99
<br />12/O1/99
<br />06/O1/00
<br />i2/oi/oo
<br />06/O1/O1 580,000.00
<br />12/O1/O1
<br />06/O1/02 600,000.00
<br />12/O1/02
<br />06/O1/03 625,000.00
<br />12/O1/03
<br />650,000.00
<br />675,000.00
<br />700,000.00
<br />730,000.00
<br />760,000.00
<br />795,000.00
<br />830,000.00
<br />865,000.00
<br />905,000.00
<br />945,000.00
<br />990,000.00
<br />1,035,000.00
<br />1,085,000.00
<br />1,140,000.00
<br />1,190,000.00
<br />1,250,000.00
<br />1,310,000.00
<br />1,375,000.00
<br />1,445,000.00
<br />i_azn.ooa.oo
<br />166,61V.U-/ ~i,eaa,na~.»
<br />(1) ACCRUED INTEREST
<br />((3) BONDIINSURAN E DISCOUNT
<br />(4~ PRINCIPAL AMOUNT OF THE CERTIFICATES
<br />PRESENT PRESENT
<br />VALUE FACTOR VALUE
<br />.000000000
<br />.ooooo0000
<br />.000000000
<br />.000000000
<br />.978351550
<br />.955269205
<br />.932731445
<br />.910725421
<br />.889236586
<br />.868258693
<br />.847773780
<br />.827772170
<br />.808242460
<br />.789173517
<br />.770554468
<br />.752374701
<br />.734623851
<br />.717291798
<br />.700368662
<br />.683844796
<br />.667710778
<br />.651957412
<br />.636575717
<br />.621556924
<br />.606892470
<br />.592573997
<br />.578593340
<br />.564942531
<br />.551613786
<br />.536599508
<br />.525892277
<br />.513484849
<br />.501370150
<br />.489541275
<br />.477991480
<br />.466714180
<br />.455702946
<br />.444951502
<br />.434453717
<br />.424203608
<br />.414195331
<br />.404423180
<br />.394881584
<br />.385565104
<br />.376468429
<br />~.367586372
<br />~.358913871
<br />~.350445980
<br />~.342177874
<br />~.334104838
<br />i.326222270
<br />i.318525675
<br />i.311010668
<br />4L~.7L3..l.J
<br />-134,000.00
<br />22,000,000.00
<br />-74,933.40
<br />21,833,389.93
<br />
<br />PRINCIPAL ENTERED
<br />INTEREST ADJUSTMENTS
<br />TOTAL PRESENT
<br />VALUE FACTOR
<br />PRESENT VALUE
<br /> 1.000000000
<br /> 1.0~~000~00
<br /> 1.000000000
<br /> 1.000000000
<br /> 507,880.00 507,880.00
<br />00
<br />507
<br />880 0.978351550
<br />0.955269205 496,885.19
<br />485,162.12
<br /> 507,880.00
<br />680.00
<br />507 ,
<br />.
<br />507,880.00 0.932731445 473,715.65
<br /> ,
<br />507,880.00 507,880.00
<br />00
<br />087
<br />880
<br />1 0.910725421
<br />0.889238566 462,539.23
<br />967,384.87
<br />580,000.00 507,880.00
<br />00
<br />497
<br />005 ,
<br />.
<br />,
<br />497,005.00 0.868258693 431,528.91
<br />600,000.00 ,
<br />.
<br />497,005.00 1,097,005.00
<br />00
<br />455
<br />485 0,847773780
<br />0.827772170 930,012.08
<br />401,846.14
<br />625,000.00 485,455.00
<br />485,455.00 .
<br />,
<br />1,110,455.00
<br />111
<br />25
<br />473 0.808242460
<br />0.789173517 897,516.88
<br />373,366.87
<br />650,000.00 473,111.25
<br />473,111.25 .
<br />,
<br />1,123,111.25 0.770554468
<br />752374701
<br />0 865,418.39
<br />80
<br />053
<br />346
<br />675,000.00 459,948.75
<br />459,948.75 459,948.75
<br />1,134,948.75 .
<br />0.734623851
<br />798 .
<br />,
<br />833,760.42
<br />94
<br />991
<br />319
<br />00
<br />700
<br />000 446,111.25
<br />111.25
<br />446 446,111.25
<br />1,146,111.25 0.717291
<br />0.700368662 .
<br />,
<br />802,700.40
<br />,
<br />.
<br />00
<br />000
<br />730 ,
<br />431,586.25
<br />431
<br />586.25 431,586.25
<br />1,161,586.25 0.683844796
<br />0.667710778 295,138.01
<br />775,603.66
<br />.
<br />, ,
<br />256
<br />25
<br />416 416,256.25 0.651957412 271,381.35
<br />760,000.00 .
<br />,
<br />416,256.25 1,176,256.25
<br />25
<br />106
<br />400 0.636575717
<br />0.621556924 748,776.17
<br />248,688.81
<br />795,000.00 400,106.25
<br />400,106.25 .
<br />,
<br />1,195,106.25
<br />00
<br />815
<br />382 0.606892470
<br />0.592573997 725,300.98
<br />226,846.21
<br />' 830,000.00 382,815.00
<br />362,815.00 .
<br />,
<br />1,212,815.00
<br />00
<br />364
<br />555 0.578593340
<br />0.564942531 701,726.68
<br />205,952.62
<br />865,000.00 364,555.00
<br />364,555.00 ,
<br />.
<br />1,229,555.00 0.551613786
<br />538599508
<br />0 678,239.49
<br />866
<br />65
<br />185
<br />905,000.00 345,092.50
<br />345,092.50 345,092.50
<br />1,250,092.50 .
<br />0.525892277
<br />4849 .
<br />,
<br />657,413.99
<br />58
<br />511
<br />166
<br />00
<br />000
<br />945 324,277.50
<br />277.50
<br />324 324,277.50
<br />1,269,277.50 0.51348
<br />0.501370150 .
<br />,
<br />636,377.85
<br />.
<br />, ,
<br />302,306.25
<br />25 302,306.25
<br />306
<br />25
<br />292
<br />1 0.489541275
<br />0.477991480 147,991.39
<br />617,711.38
<br />990,000.00 302,306.
<br />041.25
<br />279 .
<br />,
<br />,
<br />279,041.25 0.466714180 130,232.51
<br />1,035,000.00 ,
<br />279,041.25 1,314,041.25
<br />460
<br />00
<br />254 0.455702946
<br />0.444951502 598,812.47
<br />113,222.36
<br />1,085,000.00 254,460.00
<br />254,460.00 ,
<br />.
<br />1,339,460.00
<br />00
<br />420 0.434453717
<br />424203608
<br />0 581,933.38
<br />896.59
<br />96
<br />1,140,000.00 228,420.00
<br />228,420.00 .
<br />228,
<br />1,368,420.00
<br />060
<br />00
<br />201 .
<br />0.414195331
<br />0.404423180 ,
<br />566,793.17
<br />81,313.32
<br />1,190,000.00 201,060.00
<br />201,060.00 .
<br />,
<br />1,391,060.00
<br />00
<br />00 0.394881584
<br />385565104
<br />0 549,303.98
<br />509.98
<br />66
<br />1,250,000.00 172,500.00
<br />172,500.00 .
<br />172,5
<br />1,422,500.00
<br />0 .
<br />0.376468429
<br />367586372
<br />0 ,
<br />535,526.34
<br />921.58
<br />51
<br />1,310,000.00 141,250.00
<br />141,250.00 141,250.0
<br />1,451,250.00
<br />0 .
<br />0.358913871
<br />350445980
<br />0 ,
<br />520,873.75
<br />023.39
<br />38
<br />375,000.00
<br />1 108,500.00
<br />108,500.00 108,500.0
<br />1,483,500.00 .
<br />0.342177874
<br />8 ,
<br />507,620.88
<br />52
<br />765
<br />24
<br />,
<br />00
<br />000
<br />445
<br />1 74,125.00
<br />125.00
<br />74 74,125.00
<br />1,519,125.00 0.33410483
<br />0.326222270 .
<br />,
<br />495,572.41
<br />.
<br />,
<br />, ,
<br />38,000.00 38,000.00
<br />00
<br />000
<br />558
<br />1 0.318525675
<br />311010668
<br />0 12,103.98
<br />484,554.62
<br />1,520,000.00 38,000.00 .
<br />,
<br />, .
<br />22,000,000.00 16,191,365.00 38,191,365.00 21,833,389.93
<br />ARBITRAGE COMPLIANCE SPECIAI,ISTS, INC.
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