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For the goal of deciding the period to be in comparison for hazard free return and threat quality, expenditure lifetime of the venture needs to be viewed as. Mainly because lodging belongings, like inns, had long useful lives, return on extended-time period govt bonds need to be used for lodging calculations, which should be within the interval 1926 to 1987 (exhibit 5 with the case) as this properly displays the bottom line character of return by using a long run see which include all abnormalities throughout this era.

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