Question: Why is it difficult to construct bond market index? ( 1 5 marks ) What is the ideal investment strategy through business cycles? ( 1

Why is it difficult to construct bond market index? (15 marks)
What is the ideal investment strategy through business cycles? (15 marks)
[Use the content of FINAN302 to answer above questions with detailed elaborations. Keep the format reader-friendly (20% of the full marks). For example, use bullet points and highlights to structure your answers.]

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