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"For some eighteen years,Elizabeth's England had been locked in open war with the Spanish empire of Philip II (succeeded by his son,Philip III,in 1598) .In many ways,the conflict was about religion.Protestant England had long feared Spain was marshalling the forces of international Catholicism against it.By 1585,Elizabeth felt compelled to send troops to aid the (largely Protestant) Dutch to prevent the Spanish army completing its conquest of the Low Countries-the obvious base for an assault on England.English anxieties were further heightened by the sizeable Catholic minority among the queen's own subjects and continuing fears they might prove a fifth column for Spain.Philip II was not only determined to crush the English challenge,but was also infuriated by English piracy,not least against Spanish ships and settlements in the New World.The result was Spain's attempt to invade England by sea in 1588-what is today popularly called 'the Spanish Armada.'"
Historian Paul E.J.Hammer,"England on the Eve of Colonization"
-Which of the following accurately explains one of the primary motives for European colonization of the New World in the context of this passage?
Yield To Maturity
The total return anticipated on a bond if it is held until the date it matures, accounting for interest payments and capital gains.
Forward Rate
The predetermined interest rate for a loan or investment that will start in the future, often derived from current yield curves.
Zero-Coupon Bonds
These are bonds that do not pay periodic interest but are issued at a significant discount to their face value, with the full face value being repaid at maturity.
Coupon Rate
The annual interest rate paid by a bond issuer to its holders, expressed as a percentage of the bond's face value.
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