清华大学2007年考博英语真题及答案详解Word下载.docx

清华大学2007年考博英语真题及答案详解Word下载.docx

《清华大学2007年考博英语真题及答案详解Word下载.docx》由会员分享，可在线阅读，更多相关《清华大学2007年考博英语真题及答案详解Word下载.docx（12页珍藏版）》请在冰豆网上搜索。

Directions：

Thereare4readingpassagesinthispartEachpassageisfollowedbysomequestionsorunfin¬

ishedstatements.ForeachorthemtherearefourchoicesmarkedA，B,CandD*YoushoulddecideonthebestchoiceandthenmarkthecorrespondingletterontheAnswerSheetQuestions16to20arebasedonthefoUowingpassage：

Sometimes，overaspanofmanyyears，abusinesswillcontinuetogrow，generatingever-increasinga-mountsofcash，repurchasingstock，payingincreaseddividends，reducingdebt，openingnewstores，expan¬

dingproductionfacilities，movingintonewmarkets，etc.，whileatthesametuneitsstockpriceremainsstagnant（orevenfalls）*

Whenthishappens，theaverageandprofessionalinvestorsaliketendtooverlookthecompanybecausetheybecomefamiliarwiththetradingrange.

Take，forexample，Wal-MartOverthepastfiveyears，theretailingbehemothhasgrownsalesbyover80%,profitsbyover100%，andyetthestockpricehasfallenasmuchas30%duringthattimeframe.Clearly,thevaluationpicturehaschangedAninvestorthatreadtheannualreportbackin2000or2001mighthavepassedonthesecurity，deemingittooexpensivebasedonametricsuchasthepricetoearningsratio.Today，however,theequationiscompletelydifferent~despitethestockprice,Wal-Martis,inessence,tradingathalfitsformerpricebecauseeachshareisbackedbyalargerdividend,twicetheearningspower,morestores，andabiggerinfrastructure.HomeDepotisinmuchthesameboat，largelybecausesomeWallStreetanalystsquestionhowfasttwooftheworld’slargestcompaniescancontinuetogrowbeforetheirsheersizeslowsthemdowntotherateofthegeneraleconomy.

Coca-Colaisanotherexcellentexampleofthisphenomenon.Tenyearsago，in1996,thestocktradedbetweenarangeof$36.10and$54.30pershare.Atthetime,ithadreportedearningspershareof$1.40andpaidacashdividendof$0.50pershare.Corporatepersharebookvaluewas$2.48.Lastyear,thestocktradedwithinarangeof$40.30and$45.30pershare；

squarelyinthemiddleofthesameareaithadbeennearlyadecadeprior!

Yet，despitethestagnantstockprice，the2006estimatesValueLineIn¬

vestmentSurveyestimatesforearningspersharestandaround$2.16（ariseof54%），thecashdividendhasmorethandoubledto$1.20,bookvalueisexpectedtohavegrownto$7.40pershare（againof

nearly300%），andthetotalnumberofsharesoutstanding（未偿付的，未完成的）hasactuallydecreased,from2.481billiontoanestimated2,355billionduetothecompany'

ssharerepurchaseprogram.

16. Thispassageisprobablyapartof •

A. FindHiddenValueintheMarket B.BecomeRicher

C. GetGoodBargains D.IdentifyGoodCompanies

17. Theitalicizedword“stagnant’，（line3，Para.1）canbebestparaphrasedas •

A.prominentB.terribleC.unchangedD.progressingWal-Martisnowtradingatamuchlowerpricebecause .

A. ithasstoredalargequantityofgoods

B. ithasbecomefinanciallymorepowerful

C. ithasbeeneagertocollectmoneytopreventbankruptcy

D. itisagoodwaytocompetewithotherretailingcompanies

19. AllthefollowingaresharedbyWal-MartandCoco-ColaEXCEPT •

A,Thecashdividendhasincreased. B.Theearningpowerhasbecomestronger.

CBothbusinesseshavecontinuedtogrow^D.Thestockpricehasgreatlydecreased

20. Accordingtotheauthor，onehadbetter •

A. buymoreshareswhenthestockpricefallsdown

B. sellouttheshareswhenthestockpricefallsdown

C. dosomeresearchonthevalueofabusinesswhenitsstockpricefallsdown

D. investinthebusinesswhenitsstockpricefallsdown

Questions21to25arebasedonthefollowingpassage：

Today’scollegestudentsaremorenarcissistic（自恋的）andself-centeredthantheirpredecessors,ac¬

cordingtoacomprehensivenewstudybyfivepsychologistswhoworrythatthetrendcouldbeharmfiiltopersonalrelationshipsandAmericansociety.

uWeneedtostopendlesslyrepeating‘You’respecial'

andhavingchildrenrepeatthatback”，saidthestudy’sleadauthor，ProfessorJeanTwengeofSanDiegoStateUniversity,“Kidsareself-centeredenoughal¬

ready“Unfortunately，narcissismcanalsohaveverynegativeconsequencesforsociety,includingthebreakdownofcloserelationshipswithothars”，hesaidThestudyassertsthatnarcissists“aremorelikelytohaveromanticrelationshipsthatareshort-lived，atriskforinfidelity,lackemotionalwarmtb，andtoexhibitorgame-playing，dishonesty,and.over-controllingandviolentbehaviors，，.Twenge,theauthorof“GenerationMe：

WhyToday’sYoungAmericansAreMoreConfident,Assertive,Entitled~andMoreMiserableThanEverBefore”，saidnarcissiststendtolackempathy，reactaggressivelytocriticismandfavorself-promotionoverhelpingothers*

Someanalyst