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HPR provides a useful device for simplifying the complex reality of investment analysis. Although no panacea, it allows an analyst to focus on the most relevant horizon in a given situation and offers a good measure of performance over such a period• HPR provides a useful device for simplifying the complex reality of investment analysis. Although no panacea, it allows an analyst to focus on the most relevant horizon in a given situation and offers a good measure of performance over such a period
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