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a) Describe the objectives of an Investment Policy Statement and how the objectives may vary by investors, use examples where possible. (15 marks) b) What

a) Describe the objectives of an Investment Policy Statement and how the objectives may vary by investors, use examples where possible. (15 marks)

b) What are the main factors that affect the prices of bonds trading in the secondary market? Give examples of how these factors may have affected prices in the past or may do so in the future.(20 marks)

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