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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)
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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Q56: Depleting nutrients in the soil by the