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更多“普通股票（common stocks)”相关的问题
A．True
B．False
The ability of a bond issuer to service its debt refers to______.
A．the issuer's agreement to convert the bond into common stocks at the bondholder's request
B．the issuer's willingness to issue a new bond whenever an existing bond is either lost or destroyed
C．the issuer's readiness to fix the coupon rate whenever interest rates are falling
D．the capacity of the issuer to make timely interest payments and repay the bond's principal on the scheduled maturity date
Preferred stocks are similar to bonds in that they have stated face values (often 100) and a specified dividend payment (similar to a bond's coupon). They differ from bonds because they do not have a scheduled maturity date and because yearly dividends may remain unpaid for a few years without forcing the issuer into bankruptcy. Common stocks have no specified yearly cash payments or maturity date. These securities have an infinite life on which cash will be earned only if the issuer has satisfactory profits. Because the cash returns on bonds are the most certain, they are viewed as the least risky investment and provide the lowest expected rate of return. Preferred stocks are viewed as more risky than bonds and less risky than common stocks. Common stocks are the most risky and provide the largest expected returns.
A secondary market is where ______.
A．the original security issuers sells their securities.
B．the original lender trade securities with other people.
C．loans are borrowed and paid with interest.
D．bond and stocks are traded by the original borrowers and leaders.
•Read the article below about the functions of money.
•Choose the best word to fill each gap from A, B, C or D.
•For each Question 21-30, mark one letter (A, B, C or D) on your Answer Sheet.
Money serves primarily as a medium of exchange --the function performed by money in facilitating exchange and eliminating the need for a barter system. Rather than follow the complicated process of (21) wheat directly for gasoline or clothing (the barter system), a farmer can sell the wheat and use the (22) from the sale to make other purchases.
Money also (23) as a unit of account-the common denominator for measuring the (24) of all products and services. A new car is worth, say, $9,500, a certain cut of beef $4, and a 40-yard-line ticket to a football (25) $ 20. Using money as a common denominator aids in comparing widely different products and services.
Finally, money acts as a temporary (26) . of value--a way of keeping accumulated wealth until it is needed to make new (27) . Wealth can also be held in the form. of stocks and bonds, real estate, antiques, works of art, houses, precious gems, or any other kind of valuable goods. The (28) of storing value in goods other than money is that they often produce additional income in the form. of dividends, interest payments, rent, or increases in value. For example, paintings by Renoir, Monet, and Van Gogh have greatly (29) in value over the past 20 years. But money offers one substantial advantage as a store of value. It is highly liquid. An asset is said to be liquid if it can be obtained and (30) quickly and easily.
(21)
A．buying
B．trading
C．purchasing
D．getting
？Read the article below about the securities exchange.
？Choose the best sentence to fill in each of the gaps.
？For each gap 8-12, mark one letter(A-G)on your Answer Sheet.
？Do not use any letter more than once.
The Securities Exchange
When people buy stock, most do so through one of the securities exchanges or marketplaces for stocks and bonds. These marketplaces are commonly called "stock exchanges" and they provide a meeting place for both the buyer and seller. To understand why such securities or stock exchanges are important in the purchase and sale of stocks and bonds, consider what would happen if you, and everyone who wanted do buy (or sell) securities, had to find your own buyer (or seller). If the market is going down the only way to recover your investment is to hang on to the stock and wait for it to come back. More importantly, how would you find out who is interested in selling that stock to you (or buying it from you)？ In order to handle this marketing problem, securities exchanges sprung up. These exchanges are nothing more than locations where stocks are bought and sold. And since there is a common meeting place for there (or send their representatives). The result is a very systematic market process, where transations are handled in an orderly manner and the operations are both supervised and regulated by law. (8) Buying and Selling Securities
The general approach in buying and selling securities, regardless of the exchange where they are purchased, is basically the same, We provide a general picture of how security transactions take place; and for a fuller understanding, we will discuss some of the important terminology and functions of security trading. (9)
How would you go about buying stock in a major corporation？ It's really quite simple. First, you would decide what you want to buy—such as 100 shares of IBM. (10)
Assuming your broker works for a major stock brokerage, the order would be telephoned directly to a company clerk on the floor of the New York Stock Exchange. The clerk would hand the order to a member of the Exchange who is a partner in the brokerage. This individual would then go to the appropriate locale on the trading floor and ask for the latest quote on IBM. Let us say it is "70 to a quarter." (11)
If your broker wants, a sale can be struck at ＄ 70.25 since the order calls for a purchase at the current market price. More likely, however, your broker will bid ＄ 70.125 and hope to save you one eighth of a point or ＄ 12.50. And it is likely that another broker with an order to sell will show up and accept the bid of ＄ 70 1/8. The two brokers will then initial each other's sales orders and see that the transaction is relayed to the exchange employee known as the reporter. The reporter sees that the sale is reported and a few minutes later it will come out on the ticker tape.
Bulls and Bears
What does "a bull" mean？ It is a term that is used to refer to an invester who expects prices to rise.
(12) Of course, the market will not always rise. Sometimes stocks drop and remain low for extended periods of time. Those investors who expect stock prices to decline are known as "bears." During the Great Depression, the bears made a great deal of money. While the bulls were "buying long" the bears were "selling short."
A How would you know what a fair price for the security is？
B This means that someone is currently bidding "＄ 70 for the stock and another party is willing to sell at ＄ 70.25."
C How stocks are actually purchased
D "Bulls" buy in anticipation of the market going up.
E In this way, the buyer (or seller) is ensured that the best price is secured and they are not shortchanged or cheated in any way.
F&nbs
回答题
Text 2
Chicago"s Children"s Hospital is the lucky receiver of a surprise $18 million gift from Gladys Holm. She once was a secretary who never earned more than $15，000 a year and never marrieD.She lived alone in a small flat in Chicago， and was a volunteer at the Children"s Hospital. She was called the "Teddy Bear Lady" because she brought toy animals to sick children on her regular visits. But Miss Holm， who died in 1996 at the age of 86， was also a long-time buyer of stocks （股票）. Over the years， she saved money that rose up to $18 million， which she left to the Children"s Hospital. It was the largest single donation in the hospital"s ll5-year history. The hospital president， Jan Jennings， was shocked when she heard the news. "When Miss Holm"s lawyer called to tell me how much that money was， I asked him to repeat it， since I was certain I had miss heard"
Why did Gladys Holm feel so strongly about the Children"s Hospital？ Jennings said the hospital first touched Miss Holm"s heart nearly 50 years ago， when doctors there saved the life of her friend"s daughter. She never forgot" the happiness she felt all those years ago.
Holm"s gift will he devoted to heart disease research. People at the hospital said they regretted that-they couldn"t thank Miss Holm for the surprising gift.
According to the text， Miss Holm built up her fortune by. 查看材料
A.playing Teddy Bear Lady
B.working as a secretary
C.helping in the hospital
D.buying stocks
