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11-42 The condition of no arbitrage profits implies that profits cannot be made without taking some risk.
Conglomerate
A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks bound together by a matrix of finer particles and cement.
Marine Conditions
Environmental factors pertaining to the ocean or sea, including salinity, temperature, and ecosystems.
Nonmarine Conditions
Environmental or geological conditions that occur in areas not influenced by the sea, often referring to freshwater or terrestrial habitats.
Coral Reef
Underwater ecosystems characterized by reef-building corals. These structures provide habitat for a diverse range of marine species and are important for coastal protection.
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