1. Laser Care Hospital is looking to raise tax-exempt municipal funds in the bond market. As an issuer of the bond, which of the following is not a part of the bond process that Laser Care Hospital will go through?

   a. Laser Care Hospital will contact a financial advisor.

   b. The financial advisor will work with Laser Care Hospital to structure the bond and prepare the data.

   c. A bond underwriter will bring the bonds to market.

   d. Laser Care Hospital will make the required payments

2. Holston Medical Hospital is a non-profit hospital that provides a variety of medical services for the local community. Holston Medical Hospital is not chartered as a hospital authority. The hospital is researching bond options since they want to expand into other local communities. Which of the following will not be available to Holston Medical Hospital?

   a. Section 501(c)(3) of the Internal Revenue Code

   b. Tax-exempt bond

   c. Build America Bond

   d. Industrial Development Revenue Bond

3. Joey Reynolds wants to estimate the approximate number of years required for a health care investment to double. The annual interest rate of the investment Joey is researching is 12%. Using the rule of 72 how many years will it take for the investment to double?

   a. 5

   b. 4

   c. 6

   d. 8

Answer rating: 100% (QA)

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