Commercial papers are issued for :

15 days to 1 year

The correct answer is option (1) : 15 days to 1 year

Commercial papers are typically issued for :

1. 15 days to 1 year

Commercial papers (CP) are short-term debt instruments that are used by corporations to raise funds to meet short-term financial needs. They are usually issued with maturities ranging from 15 days to 1 year, making them a popular choice for organizations seeking short-term financing.