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For the objective of analyzing the time period for being in comparison for hazard cost-free return and risk premium, financial commitment life of the task must be considered. Mainly because lodging property, like inns, experienced prolonged practical life, return on extensive-phrase government bonds ought to be employed for lodging calculations, which should be through the time period 1926 to 1987 (show 5 of the case) as this correctly reflects The underside line character of return using a long lasting see like all abnormalities through this period.

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