fixed-income-investments-analysis-past-papers
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UPLOADED BY Unknown
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DATE 06 Dec 2025
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SIZE 2.94 MB
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notes
About This Document
Document Type: This is a Past Paper, designed for Reviewing previous question patterns.
Context: Standard material from the 2025 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Attempt these questions under timed conditions to simulate a real exam environment, then check against your notes.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "fixed-income-investments-analysis-past-papers" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
CIFA ADVANCED LEVEL FIXED INCOME INVESTMENTS ANALYSIS MONDAY:18 August 2025. Marks allocated to each question are shown at the end of the question. Do NOT write anything on this paper. QUESTION ONE (a) Outline FOUR credit risk measures of a corporate bond. (4 marks) (b) Evaluate THREE types of fixed income securities available to investors in your country. ’s corporate bond is trading at a coupon rate of 5. The price of the bond is Sh. The bond is callable at par one year and two years from today. To assess the interest rate risk of the corporate bond, an analyst constructed two interest rates trees. The interest rate trees were based on a 10% interest rate volatility assumption and current one year rate of 4%. One tree assuming the benchmark yield curve shifts down by 30 basis points and another tree assuming the benchmark yield curve shifts up by 30 basis points are shown below. The analyst determines that the bond is currently trading at an option-adjusted spread (OAS) of 13.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
CIFA ADVANCED LEVEL FIXED INCOME INVESTMENTS ANALYSIS MONDAY:18 August 2025. Afternoon Paper. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. Show ALL your workings. Do NOT write anything on this paper. QUESTION ONE (a) Outline FOUR credit risk measures of a corporate bond. (4 marks) (b) Evaluate THREE types of fixed income securities available to investors in your country. (c) Juhudi Ltd.’s corporate bond is trading at a coupon...
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