After successfully completing this program, you will be able to:
• Identify the key characteristics of common investment instruments
• Calculate the yield on those instruments
• Describe regulatory and accounting restrictions on the bank’s investment portfolio
• Identify all of the elements that should be included in the bank’s investment policy and formulate such a policy
• Compare the benefits and risk of various investment strategies
• Evaluate the comparative return of taxable and tax-exempt securities
• Evaluate total return and option-adjusted spreads on instruments with prepayment risk
