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Playas That Receive Most of Their Water from Surface Runoff

question 59

Essay

Playas that receive most of their water from surface runoff typically have a smooth clay surface, sometimes called a(n)_______________, that is hard when dried out by the desert sun but extremely gooey and slippery when wet. (two words)


Definitions:

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to measure the return on investment for bonds.

8 ½% Bond

A bond that pays an annual interest rate of 8.5% to its holders.

Yield to Maturity

The total return expected on a bond if held until it matures, considering both interest payments and the capital gain or loss.

Bonds

Long-term notes that are bought and sold on the open market, much like stocks.

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