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For the purpose of pinpointing the period to become in contrast for chance free return and chance premium, investment lifetime of the venture must be regarded. Since lodging assets, like inns, had extensive practical lives, return on extensive-term governing administration bonds really should be utilized for lodging calculations, which really should be in the period 1926 to 1987 (exhibit 5 on the case) as this efficiently displays the bottom line character of return by using a long term perspective which include all abnormalities throughout this era.
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