English Reader. Мишустина В.Д. - 46 стр.

      b) in order to sell their shares …- для того, чтобы продать свои акции…

     Формула:     in order to + V1

      - in order to pay its debts …;
      - in order to invest money …;
      - in order to lower the price …;
      - in order to raise funds …;
      - in order to issue a bond.

     12.1.4 Просмотрите текст и найдите предложения со следующими словами
и словосочетаниями, попытайтесь перевести эти предложения без словаря:

     A certain amount of money; in the international bond markets; The borrower, or
issuer, of a bond; to calculate the interest; bond prices; a low-coupon bond; rise above
face value to 105 per cent; Bonds, especially government bonds.

      Текст
      Unlike a stock, which represents the risk and rewards of ownership in a
company, a bond is simply a loan agreement that says: "I, the borrower, agree to pay
to you, the bondholder, a certain amount of money at a certain time in the future".
      Although almost anyone can issue a bond, large institutions such as
governments and corporations are the most common borrowers in the international
bond markets. Instead of relying on any one bank to lend them money, they issue
bonds to raise large sums of funds, often in global issues of securities that are sold to
banks and other investors around the world.
      A bond is basically an IOU, a piece of paper giving the holder the right to
receive a specific amount of money at a specific time. The borrower, or issuer, of a
bond has two obligations. First, the issuer has to pay back the original amount
borrowed, called the principal. Second, the borrower needs to pay interest
periodically, to reward those who buy the bond as an investment. These interest
payments are also called coupons in reference to the little pieces of paper attached to
bonds before the electronic markets made such paper transactions unnecessary.
      In order to determine the value of a bond, it is necessary to calculate the interest
paid over the bond's life and compare this with other interest-bearing investments in
the international marketplace.
      Bond prices are constantly raised and lowered to reflect the market. Essentially,
bonds follow interest rates. A bond paying a relatively low rate of interest, therefore,
will be sold at a discount when higher-interest bonds are issued. A low-coupon bond,
for example, may have to be sold for 95 percent of its face value, or redemption
value, in order to make it attractive enough to compete with other bonds. In paying
less for a bond, the buyer receives a higher return, or yield, on the amount invested.
Like a playground seesaw, when one goes up, the other goes down.
      Likewise, when interest rates fall, the prices of existing bonds rise. In a period of
declining interest rates, a relatively high-coupon bond would see its price increase,
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