Equity : Topic test Mckinley

Q.2. While calculating requires return with Fama french method, the risk free rate that has been considered is the short term instead of long term g-sec.

What am I missing? And what should one do in exam?

Yes Fama French uses 3 month T bill as Rf.

Thank you so much. I checked in Wiley, where they hadn’t clarified this!

I think S2000 explained this somewhere.

https://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91341743

Thank you

Is Fama French the only model that uses Short term rate instead of long term rate?

Questions like these to find the nuances are where I see value added in topic tests.