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What was the unexpected contribution of Keith Runcorn and his students to the continental drift controversy?
Effective Yield
A measure of the return on investment, taking into account the effect of compounding interest, unlike the nominal interest rate.
Floating-rate Debt
Debt instruments such as bonds or loans with variable interest rates that adjust periodically based on a benchmark interest rate or index.
Market Rates
Refers to the current interest rate or price available in the marketplace for financial instruments or commodities.
Floating-rate Debt
Floating-rate Debt refers to loans or bonds with a variable interest rate, which adjusts periodically based on a benchmark interest rate or index.
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