题目内容:
Questions 36 to 45 are based on the following passage.For investors who desire low risk and guaranteed income, US government bonds are a secure investment because these bonds have the financial backing and full faith and credit of the federal government. Municipal bonds, also secure, are offered by local governments and often have____ 36 ___such as tax-free interest. Some may even be____ 37___. Corporate bonds are a bit more risky.
Two questions often ____38 ___first-time corporate bond investors. The first is "If I purchase acorporate bond, do I have to hold it until the maturity date?" The answer is no. Bonds are bought and sold daily on ____39 ___securities exchanges. However, if you decide to sell your bond before its maturity date, you're not guaranteed to get the face value of the bond. For example, if your bond does not have____ 40 ___that make it attractive to other investors, you may be forced to sell your bond at a____ 41 ___,i.e., a price less than the bond's face value. But if your bond is highly valued by other investors, you maybe able to sell it at a premium, i. e., a price above its face value. Bond prices generally ____42 ___inversely (相反地) with current market interest rates. As interest rates go up, bond prices fall, and viceversa (反之亦然). Thus, like all investments, bonds have a degree of risk.
The second question is "How can I ____43 ___the investment risk of a particular bond issue?" Standard & Poor's and Moody's Investors Service rate the level of risk of many corporate and government bonds. And____ 44 ___, the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the ____45 ___return is high enough.
A. advantages
B. assess
C. bother
D. conserved
E. deduction
F. discount
G. embarrass
H. features
I. fluctuate
J. indefinite
K. insured
L. major
M. naturally
N. potential
O. simultaneously
第36题________
参考答案:
答案解析: