Question
1. Describe the cash conversion cycle 2. Identify the types of financial markets 3. Discuss why a health care organization would use the financial markets
1. Describe the cash conversion cycle
2. Identify the types of financial markets
3. Discuss why a health care organization would use the financial markets (hint: hospitals usually do not have sufficient cash on hand for large capital projects)
4. Calculate the total amount of interest (not PV of the interest) a non-profit hospital will need to pay on a 10 year 1 million dollar bond that pays and an annual interest rate of 3.5% (interest payments paid one time at the end of each year till maturity). The interest is paid in a lump sum at the end of each year and the principal is payable along with the last interest payment (e.g $1,035,000 is payable at the end of year 10).
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