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For the objective of determining the period of time being when compared for hazard totally free return and threat quality, investment decision life of the venture must be viewed as. Mainly because lodging property, like motels, had lengthy beneficial lives, return on extended-time period govt bonds need to be used for lodging calculations, which ought to be within the time period 1926 to 1987 (exhibit five of the case) as this effectively displays the bottom line nature of return which has a long lasting see such as all abnormalities all through this era.
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