新视野大学英语视听说教程版第三册Unit10答案含听力原文.doc

Basic Listening Practice1. ScriptW: Let me recommend my brother to you. Hes really done well in the stock market over the last few years.M: The real question is this: How have you dine by taking his advice?Q: What does the man mean?2. Script M: Many investors jump on IPOs, hoping to get rich by getting into a stock early before it goes up.W: But isnt that a bit like buying a book without reading it? I mean, what if it doesnt go up?Q: What is the womans opinion?3. Script W: The Dow was down again today. Its hard to make money when high fuel prices are killing the stock market.M: Theres still money to be made. If you bought oil futures three months ago, youd be smiling right now.Q: What can we learn from the dialog?4. Script M: I cant wait to get back to my computer. Online share trading has totally changed the stock market and the lives of investors. Hook up to the Internet and be your own broker!W: In other words you can cut out the middle man now. For about 500, you can open an account and begin buying and selling shares from your own home, 24 hours a day.Q: Which of the following is true if they want to trade shares on the Internet?5. Script M: Hold onto your hat! Well be rich. Im buying shares in a new company.M: You cant buy IPO shares unless you have a big active with a broker. The day of dot-com fortunes from IPOs are over.Q: According to the conversation, what is the condition for buying IPO shares. 1.D 2.C 3.A 4.B 5.CListening In Task 1: Tell me about the stock exchange.ScriptGeorge: Im supposed to give a presentation on the stock exchange, but I dont yet know a thing about it. Could you give me some tips?Diana: The problem with you is that youve skipped too many classes. Now, let me give you a few tips. First of all, you need to define the stock exchange. Its an organization of brokers and investment bankers. In Europe it is often called a bourse.George: Could you tell me more about it? Like, how does it work?Diana: It provides facilities for the trading of company stocks, mainly the location and the record-keeping devices.George: Can I go and trade there?Diana: It depends. You have to be a member of the exchange before you can buy and sell shares there. They call it having “a seat” on the exchange.George: Something they use the term “stock market”.Diana: Well, the trading of stock on stock exchanges is called the stock market.George: How can a company be listed on the stock exchange?Diana: It has to meet certain requirements. To be listed on the New York Stock Exchange last year, for example, a company had to have issued at least a million shares of stock worth16 and had to have had more than 2.5 million net income.George: Wow, thats a huge sum! Small companies havent got a chance.Diana: Big companies have more influence on the stock prices after all.George: I see what you mean.Stock exchange a thing some tips define investment bankers Europe a member stock market requirements a million shares net incomeTask 2: Stockbroker helps Mr. Junkie to short Script ABC stock reached155. “155” for a stock that should be valued at100. Wow! “Thats it,” I said to myself. “Its time I make a decision. Im going to short that stock.” I thought to myself, “This stock is overvalued. It cant remain at the present level for long. This means money in the bank.”So I phoned my broker.“I want to place a trade. I want to short 1,500 shares of ABC.“Im sorry, Mr. Junkie,” he said, “I cant process that for you. Your account is cash account. You need a margin account to short a stock. I can send you the application form or you nearest financial institution to fill out the forms.”The minute I got of the phone, I heard out the door because time is money. I ran to the financial institution to fill out the form and sent it to the broker by express mail service. Next morning I called him. “Hello, its Mr. Junkie. Did you get my application?“Yes.”“Great, I would like to short ABC then.”“One minute pleaseIm sorry, Mr. Junkie, but you now need a shorters account.”“What! You mean the margin account isnt enough?”“No, you also need a shorters account. Any financial institution nearby has the forms.”Off I ran again. I completed the form and had a taxi deliver to my broker. In the afternoon I called again.“Hello, its Mr. Junkie. I want to short 1,500 shares of ABC at 155.”A few moments later he answered, “Mr. Junkie, I am sorry, but I dont think that is possible.”“Why not?”“Well, the last trade went through at 99.”F 1. The broker did not believe ABC stock could remain at 155 for long.T 2. Mr. Junkie wanted to short 1,500 shares of ABC.T 3.Mr. Junkie could get a margin account through either a financial institution or his broker.T 4. To short a stock, one needs both a margin account and a shorters account.F 5. Mr. Junkie asked a taxi driver the forms for a margin account to the broker.Task 3: Who am I if I own stocks?Script When a person buys stocks in a company, that person becomes a shareholder in that company. Stockholder is another name for shareholder. A shareholder can also be called an investor of the company. When that company makes money, which can also be called earned income or profit, the value of the companys stock often increases. Thats because more people may become interested in investing in the company. Sometimes, shareholders receive a dividend, which is part of the companys earned incomes, in the form of a cash payment.Some people try to make money by buying and selling stocks. Stock prices can move up and down. Shareholders may make money or lose money by selling stocks that they own, depending on whether the price has gone up or down since they bought their shares. A companys stock price may be affected by market or economic conditions. For example, lets say that BCD Enterprises is a software company that has introduced a new video game into the market. If that game is a hit, sales of the video game could boost the companys earnings. Because of the potential for BCD Enterprises to grow, its stock may be viewed as an attractive investment and its stock price may go up as more people buy its shares. On the other hand, lets say the video game that BCD Enterprises introduced is a flop. Or, it could be a good time, but BCD introduced it at a time when people are spending less on leisure products, and hardly anyone is buying the game. So its reported that BCD is losing money because of this new product. Then the stock price for BCD Enterprises may go down if a number of shareholders decide to sell their shares.1. What is the passage mainly concerned with?C) The influence of shareholders buying and selling on a company.2. Which of the following is NOT the same as a shareholder?B) A person selling shares on behalf of others.3. What may affect a companys stock price?D) All of the above.4. According to the passage, which of the following is true if a companys product is good?A) The companys stock price may go up.5. Why does the speaker mention BCD Enterprises? D) BCD is used as an example to illustrate the stock market principlesSpeaking Out MODEL 1 The stock market is driven by fear and greed.Chris: Nora!Nora: Hey Chris. Why the big grin? You look like the cat that swallowed the canary.Chris: Even better. An uncle I hardly knew passes away and left an inheritance of 100,000. So now Im thinking of making some investments.Nora: Good idea, thouh it would be more fun if we spent it together. What sort of investment do you have in mind?Chris: The stock market is looking attractive. Its been a bear market for several years now, and I think stock prices are pretty depressed.Nora: The decling market has investors depressed,too.Chris: But all things work in cycles. A bear market will eventually be followed by a bull market.Nora: Thats sure. Ive been reading that investors are coming back to the market, and that will drive up the value of stocks.Chris: I believe the market is picking up.Nora: But theres still a risk. Wars, weather problemsall these impact incestors confidence. Chris: I know what you mean. The stock market is driven by fear snd greed. When investors are cinfident od making of a fortune, they buythats greed at work.Nora: But along comes something to shake their confidenceChris: Like a rise in interest rates, for example, and bingo, they become afraid that they might lose their shares, so they pull out of the market.Now Your TurnA: Ive saved a lot of money over the past years, and now Id like to invest it for a profit.B: What sort of investment do you have in mind?A: The stock market is looking attractive. Its been a bear market for several years now, and I think stock prices are pretty depressed.B: The falling market has discouraged many investors.A: But all things work in cycles. A bear market will eventually be followed by a bull market.B: Thats true. When the market does touch its bottom, itll rebound.A: I hope the investors will soon come back to the market and drive it up.B: But therere still risks. Wars, weather problemsall these affect buyers confidence. Were not sure if the market has reached its bottom.A: The bear market has lasted over four years; I think its time for it to pick up.B: Its really hard to say. The Japanese stock market has had a bear run of about ten years.A: Really?B: And when NASDAQ fell from 5,000 points to 3,000 points, some people believe it was a golden opportunity to enter the market. Then the market plunged.A: So the stock market is really risky. I may lose money.B: And maybe even your shirts.A: Well, perhaps Id better put my money on the bank.The stock has to be launched.Helen: You know, this has been a privately owned company since we first opened last year and, to be honest with you, Im inclined in keeping in that way.Bill: But the market is changing rapidly, and we need to think long term and take proactive measure; otherwise, well find ourselves behind the competition.Helen: Thats a good point; perhaps I should be more openminded about this.Bill: Dont you think youre a little short of funds at the moment?Helen: Thats true.Bill: You simply cant afford to upgrade your facilities without considerable outside investment. The bank wont lend you the money.Helen: I havent tried it.Bill: Even if it did, the interest rate for that much capital would be more we could afford. Im convinced, the only way to generate the funds we need is to go public.Helen: What should I do then?Bill: A consultant will be coming in next week to explain the registration procedure for an IPO.Helen: Thats great because I want to have a thorough understanding of what this entails before any decisions are made.Bill: The important point is that you have to demonstrate youre financially qualified to be listed on the stock market.Now Your TurnA: Mr. Smith, though your company has grown fast few years, the market is changing the rapidly. So you need to think the long term and take proactive measures; otherwise, youll find it behind the competition.B: Youre quite right, but can you be more specific about what we must do?A: Dont you think your company is a bit short of funds to expand production at the moment.B: Thats right.A: You simply cant afford to upgrade your facilities without large external investments.B: Perhaps I have to borrow money from the bank.A: It wont lend you so much money.B: I havent tried it.A: Even if you got a loan, the interest rate for large sum would be more than you can afford. Im convinced, the only way to gather funds you need is to go to public.B: What should I do then?A: Let me explain the requirements for an IPO. B: Im all ears. I want to have a thorough understanding of what this entails before I make further decisions.A: The important point is that you have to demonstrate that you are financially qualified to be launched on the stock market. You must show you have a capital of 50 million yuan.B: Our company does have that amount of money. Are there other requirements?A: You have to prove that the company has been making a profit in the past three years. Its also essential that there are no false financial reports.B: Ok, no problem. Ill try to go through the Registration procedure to get our company listed.MODEL 3 Nothing is certain n the stock marketSusan: Hey, Chris, have you read the paper today? Chris: No. why? Whats up?Susan: The store market has dropped again. Chris: Oh, no! Not again! How many points did it lose this time?Susan: One hundred.Chris: Lets seethats a drop of three percent. Well, there goes the money I was going to use to buy a new car. Susan: Before you get upset, I think you should look at the stock listings for today.Chris: What for?Susan: Well, some stocks actually gained, especially telecom stocks.Chris: Let me see that paper. Youre right! My stock went up five percent overnight! Thats great!Susan: For now, anyway. It may plunge tomorrow.Chris: youre right. Im going to call my broker cash in my stocks. Im not taking any more changes with my savings.Susan: Youre wisher than most people I know. Sometimes its better to play it safe.Now Your TurnA: Hey, Jack, I hear you become a millionaire by investing in the stock market. But I always lose money in the market. Can you give me a few tips?B: First of all, lets look at the stock listing in todays newspaper.A: Wow, the stock market dropped again.B: What stock did you buy?A: BCD.B: How many points did it lose this time?A: More than a hundred.B: Lets seeThats a drop of nearly five percent.A: Oh, there goes a lot of my money. Im thinking about pulling out of the market.B: Before you get upset, Id like to give you some advice.A: Whats that?B: Well, the market is cyclical. Through youre losing money now, your stock may gain in future. Personally, I believe your stock is a good one. Youd better keep it until it goes up one day.A: So I cant make money in a short time?B: Lets look at XYZ stock. Its now a junk stock, but its been low for a long time. It may climb up at any moment.A: So, Ill buy it and wait for it to go up.B: And cash in your stock when it reaches a point that is high enough to give you a profit. My basic principle is to buy at the bottom and sell at the peak.A: I see. Ill buy low and sell high. But what if XYZ plunges again after I buy it?B: You have to take changes. Theres always risk in the stock market.Lets Talk Gregory: Ive been thinking about getting into the stock market, but I dont know where to start. What do you know about buying stocks?Sylvia: Well, I have a few investments, so I know a little about it. Now it is probably a good time to invest. The market is low; prices are probably pretty good.Gregory: So you mean its high time to enter the market? What kind of stock do you suggest?Sylvia: I wont recommend any specific stock. You have to make the decision on your own. If you want to make money quickly, you could try speculating.Gregory: What do you mean by speculating?Sylvia: You buy stocks that go up quickly for a fast profit.Gregory: Isnt that risky? Stocks that go up fast also tend to go down fast.Sylvia: You just have to guess how high theyll go, and then sell when you think they are about to come down. If you guess right, you can make lots of money in the blink of an eye. Gregory: But I hear that many people guess wrong. When they think the market is already very low, they start to buy. Then the market continues to drop.Sylvia: In that case you will lose your shirt. But to make money, you have to take changes.Gregory: Hmm, Im not much of a gambler.Sylvia: So you probably want to stick to blue chip stocks for a guarantee return on your investment.Gregory: That sounds right up my alley.Gregory is thinking about getting into the stock market and wants to know how to buy stocks.Sylvia say the market is low, so prices are probably pretty good.Gregory sees it is high time to enter the market.Sylvia Suggest speculating, which means buying stocks that go up quickly and then selling quickly for a fast profit.Gregory finds it risky because stocks that go up fast also tend to go down fast.Sylvia says that he has to guess how high they will go and then sells when he thinks theyre about to come down.Gregory hears that many people guess wrong. When they start to buy, the market continues to drop.Sylvia says that, to make money, he has to take changes.Gregory admits that he is not much of a gambler.Sylvia suggests that he stick to the blue chip stocks for a guaranteed return on his investment.Discussion A: Im renting an apartment. If you go on like this, Ill never have an apartment of my own. So Im thinking buying an apartment, but I dont know whether its good time to invest in property.B: Soon itll be high time to buy houses. Theres been good news for buyers lately.A: Whats it?B: in the light of the speculative investment in real estate, the government has recently issued a number of rules. For example, those who sell newlybought apartment have to pay a tax. So probably fewer people are willing to speculate in the real estate market, and the housing prices will drop.A: I have to wait and see. I would be glad even if the prices just remain stable. Any other good news?B: Some people propose bypassing the real estate developers. They want to pool their funds to build their own apartment buildings. In this way they can cut the costs by a big margin.A: Sounds interesting, though Im not sure if its prac