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For the goal of identifying the interval to be in contrast for danger cost-free return and hazard premium, investment decision life of the challenge need to be regarded as. Simply because lodging belongings, like motels, had prolonged helpful lives, return on prolonged-expression federal government bonds need to be used for lodging calculations, which needs to be within the period 1926 to 1987 (show 5 of the case) as this correctly reflects the bottom line nature of return which has a long-term perspective which includes all abnormalities during this era.

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