Thinking about a Nexus

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http://forums.androidcentral.com – So I am thinking about buying this Nexus phone from eBay to play around with. I have a question though. I already own a Nexus 7 and is it possible to install my purchased apps on both the Nexus 7 and the Galaxy Nexus phone? Sorry if that's a simpleton question, I'm kinda new to Android. (HowTos)