问题 多项选择题

2004年1月某企业发行一种票面利率为6%,每年付息一次,期限3年,面值 100元的债券。假设2004年1月至今的市场利率是4%。2007年1月,该企业决定永久延续该债券期限,即实际上实施了债转股,假设此时该企业的每股税后盈利是0.50元,该企业债转股后的股票市价是22元。请根据以上资料回答下列问题:

在债券发行时如果市场利率高于债券票面利率,则( )。

A.债券的购买价高于面值

B.债券的购买价低于面值

C.按面值出售时投资者对该债券的需求减少

D.按面值出售时投资者对该债券的需求增加

答案

参考答案:B,C

解析: 如果市场利率高于债券票面利率,债券只能折价发行,因而出现B情况,同时由于有了B,就会出现C,即高价发行时需求会减少。

单项选择题

When I first entered university, my aunt, who is an English professor, gave me a new English dictionary. I was (16) to see that it was an English-English dictionary, also known as a monolin-gual dictionary. (17) it was a dictionary intended for non—native learners, none of my classmates had one (18) , to be honest, I found it extremely (19) to use at first. I would look up words in the dictionary and (20) not fully understand the meaning, I was used to the (21) bilingual dic-tionaries, in which the words are (22) both in English and Chinese, I really wondered why my aunt (23) to make things so difficult for me. Now, after studying English at university for three years, I (24) that monolingual dictionaries are (25) in learning a foreign language.

As I found out, there is (26) often NO perfect equivalence(对应) between two (27) in two language. My aunt even goes so far as to (28) that a Chinese "equivalent" can never give you the (29) meaning of a word in English! (30) , she insisted that I read the definition(定义) of a word in a monolingual dictionary (31) I wanted to get a better understanding of its meaning. (32) , I have come to see what she meant.

Using a monolingual dictionary for learners has helped me in another important way. This dictionary uses a(n) (33) number of words, around 2,000, in its definitions. When I read these definitions, I am (34) exposed to (接触)the basic words and learn how they are used to explain objects and ideas. (35) this, I can express myself more easily in English.

22()

A. explained

B. expressed

C. described

D. created

单项选择题