新视野大学英语视听说教程版第三册unit10答案.docx
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新视野大学英语视听说教程版第三册unit10答案
BasicListeningPractice
1.Script
W:
Letmerecommendmybrothertoyou.He’sreallydonewellinthestockmarketoverthelastfewyears.
M:
Therealquestionisthis:
Howhaveyoudinebytakinghisadvice?
Q:
Whatdoesthemanmean?
2.Script
M:
ManyinvestorsjumponIPOs,hopingtogetrichbygettingintoastockearlybeforeitgoesup.
W:
Butisn’tthatabitlikebuyingabookwithoutreadingit?
Imean,whatifitdoesn’tgoup?
Q:
Whatisthewoman’sopinion?
3.Script
W:
TheDowwasdownagaintoday.It’shardtomakemoneywhenhighfuelpricesarekillingthestockmarket.
M:
There’sstillmoneytobemade.Ifyouboughtoilfuturesthreemonthsago,you’dbesmilingrightnow.
Q:
Whatcanwelearnfromthedialog?
4.Script
M:
Ican’twaittogetbacktomycomputer.Onlinesharetradinghastotallychangedthestockmarketandthelivesofinvestors.HookuptotheInternetandbeyourownbroker!
W:
Inotherwordsyoucancutoutthemiddlemannow.Forabout$500,youcanopenanaccountandbeginbuyingandsellingsharesfromyourownhome,24hoursaday.
Q:
WhichofthefollowingistrueiftheywanttotradesharesontheInternet?
5.Script
M:
Holdontoyourhat!
We’llberich.I’mbuyingsharesinanewcompany.
M:
Youcan’tbuyIPOsharesunlessyouhaveabigactivewithabroker.Thedayofdot-comfortunesfromIPOsareover.
Q:
Accordingtotheconversation,whatistheconditionforbuyingIPOshares.
ListeningIn
Task1:
Tellmeaboutthestockexchange.
Script
George:
I’msupposedtogiveapresentationonthestockexchange,butIdon’tyetknowathingaboutit.Couldyougivemesometips?
Diana:
Theproblemwithyouisthatyou’veskippedtoomanyclasses.Now,letmegiveyouafewtips.Firstofall,youneedtodefinethestockexchange.It’sanorganizationofbrokersandinvestmentbankers.InEuropeitisoftencalledabourse.
George:
Couldyoutellmemoreaboutit?
Like,howdoesitwork?
Diana:
Itprovidesfacilitiesforthetradingofcompanystocks,mainlythelocationandtherecord-keepingdevices.
George:
CanIgoandtradethere?
Diana:
Itdepends.Youhavetobeamemberoftheexchangebeforeyoucanbuyandsellsharesthere.Theycallithaving“aseat”ontheexchange.
George:
Somethingtheyusetheterm“stockmarket”.
Diana:
Well,thetradingofstockonstockexchangesiscalledthestockmarket.
George:
Howcanacompanybelistedonthestockexchange?
Diana:
Ithastomeetcertainrequirements.TobelistedontheNewYorkStockExchangelastyear,forexample,acompanyhadtohaveissuedatleastamillionsharesofstockworth$16andhadtohavehadmorethan$millionnetincome.
George:
Wow,that’sahugesum!
Smallcompanieshaven’tgotachance.
Diana:
Bigcompanieshavemoreinfluenceonthestockpricesafterall.
George:
Iseewhatyoumean.
StockexchangeathingsometipsdefineinvestmentbankersEuropeamemberstockmarketrequirementsamillionsharesnetincome
Task2:
StockbrokerhelpsMr.Junkietoshort
Script
ABCstockreached$155.“$155”forastockthatshouldbevaluedat$100.Wow!
“That’sit,”Isaidtomyself.“It’stimeImakeadecision.I’mgoingtoshortthatstock.”Ithoughttomyself,“Thisstockisovervalued.Itcan’tremainatthepresentlevelforlong.Thismeansmoneyinthebank.”
SoIphonedmybroker.
“Iwanttoplaceatrade.Iwanttoshort1,500sharesofABC.
“I’msorry,Mr.Junkie,”hesaid,“Ican’tprocessthatforyou.Youraccountiscashaccount.Youneedamarginaccounttoshortastock.Icansendyoutheapplicationformoryounearestfinancialinstitutiontofillouttheforms.”
TheminuteIgotofthephone,Iheardoutthedoorbecausetimeismoney.Irantothefinancialinstitutiontofillouttheformandsentittothebrokerbyexpressmailservice.NextmorningIcalledhim.
“Hello,it’sMr.Junkie.Didyougetmyapplication?
“Yes.”
“Great,IwouldliketoshortABCthen.”
“Oneminuteplease…I’msorry,Mr.Junkie,butyounowneedashorter’saccount.”
“What!
Youmeanthemarginaccountisn’tenough?
”
“No,youalsoneedashorter’saccount.Anyfinancialinstitutionnearbyhastheforms.”
OffIranagain.Icompletedtheformandhadataxidelivertomybroker.IntheafternoonIcalledagain.
“Hello,it’sMr.Junkie.Iwanttoshort1,500sharesofABCat$155.”
Afewmomentslaterheanswered,“Mr.Junkie,Iamsorry,butIdon’tthinkthatispossible.”
“Whynot?
”
“Well,thelasttradewentthroughat$99.”
F1.ThebrokerdidnotbelieveABCstockcouldremainat$155forlong.
T2.Mr.Junkiewantedtoshort1,500sharesofABC.
T.Junkiecouldgetamarginaccountthrougheitherafinancialinstitutionorhisbroker.
T4.Toshortastock,oneneedsbothamarginaccountandashorter’saccount.
F5.Mr.Junkieaskedataxidrivertheformsforamarginaccounttothebroker.
Task3:
WhoamIifIownstocks?
Script
Whenapersonbuysstocksinacompany,thatpersonbecomesashareholderinthatcompany.Stockholderisanothernameforshareholder.Ashareholdercanalsobecalledaninvestorofthecompany.Whenthatcompanymakesmoney,whichcanalsobecalledearnedincomeorprofit,thevalueofthecompany’sstockoftenincreases.That’sbecausemorepeoplemaybecomeinterestedininvestinginthecompany.Sometimes,shareholdersreceiveadividend,whichispartofthecompany’searnedincomes,intheformofacashpayment.
Somepeopletrytomakemoneybybuyingandsellingstocks.Stockpricescanmoveupanddown.Shareholdersmaymakemoneyorlosemoneybysellingstocksthattheyown,dependingonwhetherthepricehasgoneupordownsincetheyboughttheirshares.Acompany’sstockpricemaybeaffectedbymarketoreconomicconditions.Forexample,let’ssaythatBCDEnterprisesisasoftwarecompanythathasintroducedanewvideogameintothemarket.Ifthatgameisahit,salesofthevideogamecouldboostthecompany’searnings.BecauseofthepotentialforBCDEnterprisestogrow,itsstockmaybeviewedasanattractiveinvestmentanditsstockpricemaygoupasmorepeoplebuyitsshares.Ontheotherhand,let’ssaythevideogamethatBCDEnterprisesintroducedisaflop.Or,itcouldbeagoodtime,butBCDintroduceditatatimewhenpeoplearespendinglessonleisureproducts,andhardlyanyoneisbuyingthegame.Soit’sreportedthatBCDislosingmoneybecauseofthisnewproduct.ThenthestockpriceforBCDEnterprisesmaygodownifanumberofshareholdersdecidetoselltheirshares.
1.Whatisthepassagemainlyconcernedwith?
C)Theinfluenceofshareholders’buyingandsellingonacompany.
2.WhichofthefollowingisNOTthesameasashareholder?
B)Apersonsellingsharesonbehalfofothers.
3.Whatmayaffectacompany’sstockprice?
D)Alloftheabove.
4.Accordingtothepassage,whichofthefollowingistrueifacompany’sproductisgood?
A)Thecompany’sstockpricemaygoup.
5.WhydoesthespeakermentionBCDEnterprises?
D)BCDisusedasanexampletoillustratethestockmarketprinciples
SpeakingOut
MODEL1Thestockmarketisdrivenbyfearandgreed.
Chris:
Nora!
Nora:
HeyChris.Whythebiggrin?
Youlooklikethecatthatswallowedthecanary.
Chris:
Evenbetter.AnuncleIhardlyknewpassesawayandleftaninheritanceof$100,000.SonowI’mthinkingofmakingsomeinvestments.
Nora:
Goodidea,thouhitwouldbemorefunifwespentittogether.Whatsortofinvestmentdoyouhaveinmind?
Chris:
Thestockmarketislookingattractive.It’sbeenabearmarketforseveralyearsnow,andIthinkstockpricesareprettydepressed.
Nora:
Thedeclingmarkethasinvestorsdepressed,too.
Chris:
Butallthingsworkincycles.Abearmarketwilleventuallybefollowedbyabullmarket.
Nora:
That’ssure.I’vebeenreadingthatinvestorsarecomingbacktothemarket,andthatwilldriveupthevalueofstocks.
Chris:
Ibelievethemarketispickingup.
Nora:
Butthere’sstillarisk.Wars,weatherproblems—alltheseimpactincestors’confidence.
Chris:
Iknowwhatyoumean.Thestockmarketisdrivenbyfearsndgreed.Wheninvestorsarecinfidentodmakingofafortune,theybuy—that’sgreedatwork.
Nora:
Butalongcomessomethingtoshaketheirconfidence…
Chris:
Likeariseininterestrates,forexample,andbingo,theybecomeafraidthattheymightlosetheirshares,sotheypulloutofthemarket.
NowYourTurn
A:
I’vesavedalotofmoneyoverthepastyears,andnowI’dliketoinvestitforaprofit.
B:
Whatsortofinvestmentdoyouhaveinmind?
A:
Thestockmarketislookingattractive.It’sbeenabearmarketforseveralyearsnow,andIthinkstockpricesareprettydepressed.
B:
Thefallingmarkethasdiscouragedmanyinvestors.
A:
Butallthingsworkincycles.Abearmarketwilleventuallybefollowedbyabullmarket.
B:
That’strue.Whenthemarketdoestouchitsbottom,it’llrebound.
A:
Ihopetheinvestorswillsooncomebacktothemarketanddriveitup.
B:
Butthere’restillrisks.Wars,weatherproblems—alltheseaffectbuyers’confidence.
We’renotsureifthemarkethasreacheditsbottom.
A:
Thebearmarkethaslastedoverfouryears;Ithinkit’stimeforittopickup.
B:
It’sreallyhardtosay.TheJapanesestockmarkethashadabearrunofabouttenyears.
A:
Really?
B:
AndwhenNASDAQfellfrom5,000pointsto3,000points,somepeoplebelieveitwasagoldenopportunitytoenterthemarket.Thenthemarketplunged.
A:
Sothestockmarketisreallyrisky.Imaylosemoney.
B:
Andmaybeevenyourshirts.
A:
Well,perhapsI’dbetterputmymoneyonthebank.
Thestockhastobelaunched.
Helen:
Youknow,thishasbeenaprivatelyownedcompanysincewefirstopenedlastyearand,tobehonestwithyou,