ABNâs should be executed when: 1  Tests(s) are deemed by the NCD policy as not medically necessary. 2  Screening test(s) that are part of a routine examination where the patient shows no signs nor symptoms of disease. 3  Test(s) that exceed the NCC frequency limits.
Under rules governing municipal bonds, callable premium bonds must be priced to the date resulting in the worst (lowest) yield for the investor. Generally this means that the bonds are priced to the first call date. This is attractive to investors because, in the event the bonds are not called, the yield to maturity will be much higher. Furthermore, in a rising rate environment, premium bonds retain their value better than par or discount bonds.
Municipal bonds are quoted on a yield to maturity basis, which in this example is a 5.25 basis. This means the bond has a yield-to-maturity of 5 1/4%. If the nominal yield (coupon rate) is 4 3/4%, this would mean that the bond would have to be selling at a discount, or below the par value ($1,000).If the yield to maturity is greater than the nominal yield (4 3/4%), the bond sells at a discount.hen a bond is purchased at its par value, the yield to maturity will be the same as the nominal yield or coupon rate. In this example, thecoupon rate is 8.25%. Therefore, the yield-to-maturity would also be 8.25%.