剑桥商务英语-剑桥商务英语高级分类模拟71

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1、剑桥商务英语高级分类模拟71Exercise1Putinthearticlesa,anortheorleaveblankwherenecessary・Debenture-holdersarepaidbeforepreferenceandordinaryshareholdersandifcompanygoesbankrupttheywillhavefirstclaimforrepayment.Ifinvestorhasfixeddebenture,theirinvestmentislinkedtoassetsofcompanyandcompanycannotsellth

2、oseassetswithoutpermissionofinvestor•Onotherhand,floatingdebenturescovercompany1sstockandareissuedbycompanieswhohavefewfixedassetslikelandandmachinery,butholdlargestocksofproducts,wholesalersforexample.Exercise2Whatwouldyourinvestmentsbeifyouwereinthesedifferentsituations?2^Aninvestor,n

3、otworriedaboutrisks,andwillingtospeculateonthemarket.Aninsurancecompanywantingthemostsecure,steadyinvestmentforitspremiums•4、Aninvestorwhowantsacomparativelysafeformofincomebutalsosecuritiesthatcaneasilybetraded•5、Aninvestorwhowantsafixedrateofinterest,butthechoicetochangetoordinaryshar

4、esifhechangeshismind・6、Aninvestorwhowantsaregularrateofinterest,butformoresecuritywantstocontrolofthesaleofassetsifthecompanyhasanydifficulties.7^Aninvestmenttrustwhowanttomakesurethatiftheydonotgetadividendoneyear,theywillgetthatdividendplusthefollowingyearfsdividend.8^Abusinessmantryi

5、ngtosellhisbusinessandconvincingthebuyerthathehasconfidenceinthebusinessheisselling.9、Adiscounthousetraderonlywillingtoinvestinaguaranteedsecurityforthreemonths.Exercise3Choosethecorrecttermsfromthethreealternatives・TherearevarioustypesofsecuritiestradedontheStockExchange,butthetrue10ri

6、skmaker/risktaker/allrisk/istheinvestorwhobuys11preferenceshares/cumulativepreferenceshares/ordinaryshares/.Thesesharescarry12dividend/interest/annuity/whichispaidafterothersecuritieshavebeenpaidifthecompanymakesaprofit.Whenthesecurityisissuedithasa13nominalvalue/marketvalue/pricevalue/

7、,butthiswillchangesotheinvestorusuallybuysitatits14marketprice/parprice/premium/.Theinvestorwillnothavetopayforsecurityimmediatelybutcanwaitfor15threeworkingdays/fiveworkingdays/tenworkingdays/whicharecalledthe16account/accountant/accounting/•Thesellerofthesharesalsohasthisamou