is”If I purchase a corportate bond,do I have to hold it until thematueity date?”The answer is no.Bonds are bought and sold daily on____39_____securities exchanges.However,if your bond does not have____40_____that make it attractive to other investors, you may be forced to sell your bondat a____41____i.e., a price less than the bond’s face value. But if your bond is highly valued by otherinvestors, you may be able to sell it at a premium, i.e., a price above itsface value. Bond prices gcncrally____42____ inversely (相反地)with current market interest rates. Asinterest rates go up, bond pnccs tall, and vice versa (反之亦然).Thus, like all investments,bonds have adegree of risk.
The second question is “How can I ___43_______ the investment risk of a particular bondissue?” Standard & Poor’s and Moody’s Investors Service rate the level of risk of many corporateand government bonds. And ____44______, the higher the market risk of a bond,the higher the interest rate. Investors willinvest in a bond considered risky only if the _____45_____return is highenough.
注意:此部分试题请在答题卡2上作答。
A) advantages I) fluctuate
B) assess J) indefinite
C) bother K) insured
D) conserved L) major
E) deduction M) naturally
F) discount N) potential
G) embarrass 0) simultaneously
H) features
Section B
Directions:In this section,youare going to read a passage with ten statments attached to it.each statementcontains information given in one of the paragraphs.identify the paragraph fromweich the information is derived.you may choose a parpgraph more than once.eachparagraph is marked with a letter.answer the questions by marking thecorresponding letter on answer sheet 2.
lessons from a Feminist Paradise
[A]On the surface,Sweden appearsto be a feminist paradise.Look at any global survey of gender equality andSweden will be near the top.Family-friendly policies are its norm-with 16months of paid parental leave,special protections for part-time workers,and state-subsidizedpreschools where,according to a government website,"gender-awarenesseducation is increasingly common."due to an unfficial