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For the objective of pinpointing the period for being in comparison for threat cost-free return and chance premium, expense lifetime of the challenge need to be thought of. Mainly because lodging property, like resorts, had lengthy practical life, return on long-expression government bonds really should be useful for lodging calculations, which need to be through the period of time 1926 to 1987 (show 5 of your case) as this proficiently demonstrates The underside line nature of return that has a long-lasting watch which includes all abnormalities during this era.

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