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For the purpose of identifying the period to be in contrast for possibility absolutely free return and danger high quality, investment decision life of the challenge should be viewed as. Since lodging property, like resorts, had extended helpful lives, return on extended-term federal government bonds ought to be utilized for lodging calculations, which must be from your period 1926 to 1987 (exhibit 5 of your case) as this successfully displays The underside line nature of return that has a long run look at together with all abnormalities all through this era.
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