PEN-pals... I'm critiquing a report establishing development mitigation fees that are in part based on long-term returns to a public investment annuity fund. Can anyone point me to a chart or table showing average annual effective yields for a variety of financial instruments including US Treasuries, munis, and high grade corporate bonds? Also is the assumption of a 6.11% return in perpetuity for a relatively conservative investment fund optimistic?
Thanks Alex
