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For the goal of pinpointing the time period for being in comparison for hazard cost-free return and danger premium, expense life of the undertaking should be deemed. For the reason that lodging property, like motels, had extended practical life, return on very long-expression govt bonds should be used for lodging calculations, which needs to be from the period 1926 to 1987 (show 5 of your case) as this properly displays the bottom line character of return with a long-lasting view like all abnormalities all through this period.
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