2. 职称英语
  3. For investors who desire low risk and guaranteed income, U. S. government bon

For investors who desire low risk and guaranteed income, U. S. government bon

游客2023-08-24  31
问题    For investors who desire low risk and guaranteed income, U. S. 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【C1】______such as tax-free interest. Some may even be【C2】______. Corporate bonds are a bit more risky.
   Two questions often【C3】______first-time corporate bond investors. The first is "If I purchase a corporate bond, do I have to hold it until the maturity date?" The answer is no. Bonds are bought and sold daily on【C4】______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【C5】______that make it attractive to other investors, you may be forced to sell your bond at a【C6】______, i. e. , a price less than the bond’s face value. But if your bond is highly valued by other investors, you may be able to sell it at a premium, i. e. , a price above its face value. Bond prices generally【C7】______inversely(相反地)with current market interest rates. As interest rates go up, bond prices fall, and vice versa(反之亦然). Thus, like all investments, bonds have a degree of risk.
   The second question is "How can I【C8】______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【C9】______, the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the【C10】______return is high enough.
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 O)simultaneously
H)features [br] 【C9】
选项
答案 M
解析 该空格位于And和逗号之间，是一个独立的成分，由此推断应填入一个副词。根据句意，此处承接上一句，故答案为M)naturally“当然，自然而然地”。此处不存在同时性的问题，故排除备选副词simultaneously“同时地”。
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