1. The purpose of a coordination-of-benefits provision in group health insurance plans is to
a) determine if the calendar-year deductible has been satisfied by the insured.
b) determine which plan pays first if more than one plan covers a loss.
c) determine which health care provider an insured may use for his or her care.
d) determine if the employee is eligible for coverage under the group health plan.
2. O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their coupon rate is 9.25%, they pay interest semiannually, and they sell at a price of $975. What is the bond's nominal yield? (Hint: find the semiannual yield and multiply by two to find the nominal yield).
7.32%
7.71%
8.12%
8.54%
9.51%