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May 14, 2024 

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NDP: The abbreviation for net domestic product, which is the total market value of all final goods and services produced within the political boundaries of an economy during a given period of time, usually a year, after adjusting for the depreciation of capital. Net domestic product, usually abbreviated NDP, is one of five key National Income and Product Accounts measures reported regularly (every three months) by the Bureau of Economic Analysis. The other four measures are gross domestic product, national income, personal income, and disposable income. Net domestic product has largely replaced a comparable term, net national production.

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CURRENT YIELD: The yield or return on a financial asset calculated as the annual rate of return on the purchase price. The current yield is not necessarily equal to the yield to maturity or the coupon rate. For example a $100,000 corporate bond with a 5% coupon rate that is purchased at a discount of $95,000 has a current yield of 5.26%.

     See also | yield | rate of return | coupon rate | yield to maturity | interest rate | maturity | premium | discount | par value | present value |


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FALLACY OF MASS APPEAL

The logical fallacy of arguing that something is "correct" or "true" because a majority of the population thinks so. This is commonly used by both advertisers and politicians. Just because something is popular, does not mean it is "right." In fact, a cynic might argue that being popular probably makes it "wrong."

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Today, you are likely to spend a great deal of time searching for a specialty store wanting to buy either storage boxes for your winter clothes or several magazines on time travel. Be on the lookout for the last item on a shelf.
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The 22.6% decline in stock prices on October 19, 1987 was larger than the infamous 12.8% decline on October 29, 1929.
"I don't know the key to success, but the key to failure is trying to please everybody. "

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