完形填空题

Text Stock

Nowadays, corporations usually need a large amount of capital for the __1____ of their production and business but their own funds are far from __2___. It is the stock issuance that makes it possible for them to fill up the gap.

The stocks are mainly issued through a special market in a way similar to that of bond issuance. Buyers will obtain a kind of stock bills by providing their funds to the issuing corporation. But the relationship between a stock-issuer and its buyers is obviously different from that between a bond-issuer and its buyers. For a bond, it is establishing a debtor-creditor relationship between the __3___, who should pay on time the bond ___4___ and interest, and the buyers, who will receive such repayment. But for a stock, it is an ownership certificate, which means that the buyer has become one of the members in possession of the corporation (issuer)’s ___5___ and his share is equal to the face value of the stock he has purchased. In addition, there is no term for a stock, so in no circumstance can a buyer __6____ his investment from the stock except his reselling it in a secondary market or his claiming indemnity from the corporation when it is facing __7__. What he can get annually is only the dividends and bonus drawn from the profit produced by the stock in which he has invested.

When a stock has been issued in the primary market and become negotiable for free purchase and resale in the secondary market, its price will __8____from its original face value and __9__ up and down along with the market tone. If there are more purchases than sales on it, which render its price up, it is called “__10__ Market”; if on the contrary , it is called “Bear Market” .

1. A. boost B. beginning C. purchasing D. presenting

2. A. loss B. adequate C. effective D. large

3. A. buyer B. issuer C. man D. person

4. A. money B. currency C. principal D. principle

5. A. goods B. values C. properties D. shipment

6. A. revoke B. draw C. withdrawal D. withdraw

7. A. boom B. bankrupt C. bankruptcy D. apartment

8. A. depart B. divide C. differ D. render

9. A. do B. fluctuate C. fill D. share

10. A. Bear B. Cat C. Bull D. Cow

参考答案：

(1-5)ABBCC (6-10)DCABC