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For the objective of deciding the time period to be compared read the full info here for hazard free of charge return and threat top quality, financial investment lifetime of the undertaking need to be regarded. For the reason that lodging assets, like inns, had very long valuable life, return on lengthy-phrase federal government bonds must be useful for lodging calculations, which really should be from the period of time 1926 to 1987 (exhibit 5 on the case) as this correctly demonstrates The underside line nature of return that has a long-term perspective together with all abnormalities throughout this period.
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