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For the objective of figuring out the interval to become when compared for hazard totally free return and danger quality, expenditure life of the undertaking really should be considered. Mainly because lodging belongings, like motels, had prolonged handy lives, return on extended-phrase government bonds needs to be utilized for lodging calculations, which needs to be from the time period 1926 to 1987 (exhibit five of the case) as this effectively displays The underside line mother nature of return which has a long lasting check out together with all abnormalities in the course of this period.
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