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  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2024-04-25  24
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] 【C7】
选项
答案 I
解析 该空格位于副词generally和副词inversely之间，由此推断应填入动词，且该动词能与介词with搭配使用。根据句意，债券的价格通常与当下市场的利率呈反比波动，故答案为I)fluctuate“波动，起伏”。备选动词中还剩下assess“评定，估算”，embarrass“使局促不安”，均与上下文语义不符，故排除。
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