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Under IFRS 9 Financial Instruments which of the following should be held at fair value? 1. An interest rate swap 2. 7% 2020 bonds acquired

Under IFRS 9 Financial Instruments which of the following should be held at fair value? 1. An interest rate swap 2. 7% 2020 bonds acquired with the intention to hold to maturity 3. An investment in the ordinary shares of Milk Plc 4. An investment in a convertible loan note

1 only

2 only

All of the above

1, 3 and 4

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