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For the goal of deciding the interval to become compared for possibility cost-free return and threat quality, financial investment life of the task ought to be viewed as. Due to the fact lodging belongings, like resorts, had extensive beneficial life, return on prolonged-phrase federal government bonds should be employed for lodging calculations, which really should be from your time period 1926 to 1987 (exhibit five of the case) as this efficiently displays the bottom line mother nature of return by using a long-term perspective which includes all abnormalities all through this period.

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