CERTYNEX IFRS ACADEMY

A fund holds bonds issued by Castelle, traded daily in an active market accessible to the fund. Which of these inputs is Level 1 for measuring those bonds?

The price of a bond from another issuer, with the same rating and maturity, in an active market.

The average sector yield, computed by the fund from the prices of several issuers.

The unadjusted quoted price of the Castelle bond held, at the measurement date.

A value estimated by the fund from its own yield curve, to avoid quotation differences.