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For the purpose of deciding the period of time to generally be as opposed for threat absolutely free return and risk quality, investment decision lifetime of the challenge ought to be thought of. Since lodging property, like hotels, had prolonged valuable lives, return on long-time period govt bonds really should be used for lodging calculations, which should be through the time period 1926 to 1987 (exhibit five on the case) as this effectively displays The underside line mother nature of return using a lasting perspective like all abnormalities throughout this era.

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