English Reader. Мишустина В.Д. - 47 стр.

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until its yield is the same as other bonds in the market with similar maturity and
similar risk. A bond's price may even rise above face value, to 105 percent for
example, to make its yield competitive with other bonds in the market.
The interest rate and price of a bond are also determined by its risk - the
likelihood of the investment being repaid. The riskier the bond, the higher the interest
a potential borrower will have to pay to attract investors. Bonds, especially
government bond, are seen to be a relatively safe investment. In the case of a
bankrupt company running out of money to pay bondholders and stockholders, the
bondholders get paid first. A government, in a worst-case scenario, can always pay
off bonds issued in the national currency by simply printing more money.
Bond prices are adjusted constantly, allowing them to compete with other
investments in the global economy, always reflecting the current political, monetary,
and economic environment.
12.1.5
Найдите ответы на следующие вопросы, попытайтесь понять их без
словаря:
What does a loan agreement say?
What are the most common borrowers in the international bond markets?
What is a bond?
How many obligations has the borrower?
What is called the principal?
What is called a coupon?
When will a bond be sold at a discount?
When does the buyer receive a higher return or yield on the amount invested?
12.1.6 Переведите текст со словарём.
12.1.7 Подготовьте контрольное чтение 10 строчек текста.
12.1.8 Подготовьте краткий пересказ текста (4-5 предложений).
13 Текст. What are Eurocurrencies and Eurobonds?
13.1 Задания
13.1.1 Прочтите следующие слова и словосочетания, попытайтесь
запомнить их:
reluctant - делающий что-либо с неохотой
dollar reserves - долларовые запасы
authorities - власти
to keep abroad - хранить за границей
bank account - банковский счёт
47
until its yield is the same as other bonds in the market with similar maturity and
similar risk. A bond's price may even rise above face value, to 105 percent for
example, to make its yield competitive with other bonds in the market.
      The interest rate and price of a bond are also determined by its risk - the
likelihood of the investment being repaid. The riskier the bond, the higher the interest
a potential borrower will have to pay to attract investors. Bonds, especially
government bond, are seen to be a relatively safe investment. In the case of a
bankrupt company running out of money to pay bondholders and stockholders, the
bondholders get paid first. A government, in a worst-case scenario, can always pay
off bonds issued in the national currency by simply printing more money.
      Bond prices are adjusted constantly, allowing them to compete with other
investments in the global economy, always reflecting the current political, monetary,
and economic environment.

    12.1.5 Найдите ответы на следующие вопросы, попытайтесь понять их без
словаря:

     What does a loan agreement say?
     What are the most common borrowers in the international bond markets?
     What is a bond?
     How many obligations has the borrower?
     What is called the principal?
     What is called a coupon?
     When will a bond be sold at a discount?
     When does the buyer receive a higher return or yield on the amount invested?

     12.1.6 Переведите текст со словарём.

     12.1.7 Подготовьте контрольное чтение 10 строчек текста.

     12.1.8 Подготовьте краткий пересказ текста (4-5 предложений).


      13 Текст. What are Eurocurrencies and Eurobonds?

     13.1 Задания

    13.1.1 Прочтите следующие слова и словосочетания, попытайтесь
запомнить их:

     reluctant                               - делающий что-либо с неохотой
     dollar reserves                        - долларовые запасы
     authorities                            - власти
     to keep abroad                         - хранить за границей
     bank account                           - банковский счёт
                                                                                     47