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Options
- A
between 1 year and 3 years
- B
below 1 year
-
greater than 7 years
Correct answer
- D
6 months and 12 months
Why this is the answer
A Long Duration Debt Scheme is defined as one that invests in debt instruments with a Macaulay duration of more than 7 years. The Macaulay duration measures the weighted average time to receive cash flows from a bond.
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