財(cái)經(jīng)英語(yǔ) unit Bonds and shares學(xué)習(xí)教案

1、會(huì)計(jì)學(xué)1財(cái)經(jīng)財(cái)經(jīng)(cijng)英語(yǔ)英語(yǔ) unit Bonds and shares第一頁(yè)，共19頁(yè)。CColumn B1 par valueA. 上市股票2 over- the-counter marketB. 中國(guó)證券監(jiān)管委員會(huì)3 listed sharesC. 牛市與熊市4 government bondsD. 票面價(jià)值5 bulls and bearsE. 短期證券6 preference stockF. 國(guó)庫(kù)券7 buying long and selling shortG. 優(yōu)先股8 the State Council Securities Policy CommitteeH. 場(chǎng)外

2、交易市場(chǎng) Keys：1. D 2. H 3 A 4. F 5. C 6. G 7. E 8. B第1頁(yè)/共19頁(yè)第二頁(yè)，共19頁(yè)。Task 2Scan Passage A and find the answers to the following questions.1. What is the national debt ?The national government,all debt is defined to include all interest-bearing obligationsof the federal government, along with certain non

3、interest obligations that are of minor importance.2. At what time may the holders of long-term bonds holders suffer great capital loss ?When the holders choose to convert his bond into cash prior to its maturity date. 第2頁(yè)/共19頁(yè)第三頁(yè)，共19頁(yè)。Task 3Read Passage A and judge whether the following statements a

4、re TURE or FALSE. Put a tick () in the related box.STATEMENTSTRUEFALSE 1The series E Saving Bonds are marketable.2If the interest rates keep rising , the long-term treasury bonds holders will not suffer capital loss.3Long-term securities normally sell at higher interest rates than treasury bills.4Be

5、cause short-term interest rates are lower than long-term rates, these rates can be issued at higher cost to the government.5Short-term bills are highly liquid6The important categories of the national debt are bonds, notes, certificates and bills.7The holders of long-term bonds could never suffer gre

6、at capital loss.8Government bonds are long-term, treasury notes are medium-term and treasury bills are short-term .第3頁(yè)/共19頁(yè)第四頁(yè)，共19頁(yè)。Task 4Match each of the terms in Column A with its appropriate definition in column B. Column A Column B1. interest rate2. government bonds3. interest-bearing obligatio

7、ns4. treasury note5. cash balance6. financial institution7. treasury bill8. interest returna. short-term debtb. financial setupc. medium-term securityd. interest-paying bondse. interest paid for the money borrowedf. long-term bondsg. balance in coin or notesh. earnings from lending money第4頁(yè)/共19頁(yè)第五頁(yè)，

8、共19頁(yè)。1 The national debt is defined to include (1) (2) . 2 The issue of currency is not included _ _ 3 Long-term government bonds are issued by (1) for (2) . 4 Medium-tern notes are (1) between (2) . 5 Short-term bills are issued for Task 5Complete the following note-taking according to Passage Abon

9、dsnotes and billsin the figures for the national debt. the federal government periods of longer than 5 years securities carrying maturity 1 and 5 yearsperiods of 90 to 180 days.第5頁(yè)/共19頁(yè)第六頁(yè)，共19頁(yè)。Task 6Fill in the blanks with the words or expressions given below. Change their forms where necessary.be

10、subjected to convert into interest be protected against take a risk of at a discount quote substitution an aggregative sense debt1The loan was made at 6 percent .2Of course, he will loss when the stock price goes down.3At what rates can the government securities dollars?4The shares are on the stock

11、exchange at page 80.5These securities serve as for cash in asset holdings of individuals. interestquotedtake a risk ofbe converted intosubstitutions第6頁(yè)/共19頁(yè)第七頁(yè)，共19頁(yè)。6You have to buying a lot lottery tickets.7Children should any forms of ill-treatment.8 Treasury bills are usually marketed . 9We must

12、cut down expenses or we will getting into .10 , the interest rate of long-term government bonds is higher than short-term bills.In an aggregative sensebe subjected to be protected againstat a discountdebt be subjected to convert into interest be protected against take a risk of at a discount quote s

13、ubstitution an aggregative sense debt第7頁(yè)/共19頁(yè)第八頁(yè)，共19頁(yè)。Task 7Complete the following sentences by translating the parts given in Chinese.1.The national debt includes all interest -bearing obligations of the government,2. .此外，還有某些不重要的不付息債務(wù)(zhiw).3.The national debt is an alternative to finance fiscal(財(cái)

14、政的) expenditures 4. .通過(guò)發(fā)行公債.5.3. government securities can be issued . 以稍低的成本 . along with certain noninterest obligations that are of minor importanceby issuing / floating bondsat a lower cost 第8頁(yè)/共19頁(yè)第九頁(yè)，共19頁(yè)。in the term of investment projectalthough the continuous increase of national debt in 196

15、0s - 1970s 第9頁(yè)/共19頁(yè)第十頁(yè)，共19頁(yè)。 Debentures(債券(zhiqun)and unsecured notes can be discerned other forms of debt finance in that these funds are sought from the public at large. In contrast, other forms of debt finance need the company to approach individual leading institutions to obtain the funds. As wi

16、th a public issue of shares, raising finance through a debenture or note issue requires the preparation of a prospectus. Leader will be advised about the term and conditions of the issue, the maturity date and interest rates.Task 8 Translate the following paragraphs into Chinese.Paragraph 1第10頁(yè)/共19頁(yè)

17、第十一頁(yè)，共19頁(yè)。 債券和無(wú)擔(dān)保證券可以和其他的債務(wù)形式區(qū)分開(kāi)來(lái),因?yàn)檫@些基金一般來(lái)源于公眾。相比之下,其他形式的債務(wù)融資需要公司去接觸借貸機(jī)構(gòu)以獲取資金。正如公開(kāi)發(fā)行股票一樣,通過(guò)債券或發(fā)行紙幣的方式籌措資金需要準(zhǔn)備一份招股(zho g)說(shuō)明書(shū)。借貸者將得知債券發(fā)行的條款,到期日和利率。第11頁(yè)/共19頁(yè)第十二頁(yè)，共19頁(yè)。Paragraph 2 Interest is usually a fixed sum calculated on the par or nominal value of the security and will be paid throughout the term

18、 of the issue, without regard to changes in the market rates of interest. The amount regularly paid as interest is known as the “coupon rate”, which will be close to the market or effective rate of interest at the time of issue. Interest rates may fluctuate over the term of issue. When these changes

19、 occur, the market will discount future“coupon rate” payments at the markets required rate of return to determine the price of the security. This required rate of return is called the “yield to maturity”.第12頁(yè)/共19頁(yè)第十三頁(yè)，共19頁(yè)。第13頁(yè)/共19頁(yè)第十四頁(yè)，共19頁(yè)。1.The securities exchanges provide a meeting place for . 2

20、. A bull refers to .3. Bears refer to .4. Buying long means 5. Selling stock refer to . Task 9 Complete the following statements according to Passage B. the transactions of buying and selling stocks an investor who expects stock prices to rise those investors who expect stock prices to decline buyin

21、g stock for the purpose of reselling it at a higher price. selling stock that you do not own with the intention of replacing it later at a lower price 第14頁(yè)/共19頁(yè)第十五頁(yè)，共19頁(yè)。Task 10 Rearrange the following sentences to show the procedure of purchasing stock. The beginning sentence has been given to help you( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )73824615第15頁(yè)/共19頁(yè)第十六頁(yè)，共19頁(yè)。Task 11 Translate the following from English into Chinese or vice versa.1stock transactions2the stock market3quote a price4bears mark