2. 外语
  3. For investors who desire low risk and guaranteed income, U. S. government bonds are a secure investment because these bonds have

For investors who desire low risk and guaranteed income, U. S. government bonds are a secure investment because these bonds have

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问题    For investors who desire low risk and guaranteed income, U. S. government bonds are a secure investment because these bonds have the financial backing and full faith and credit of the federal government. Municipal bonds, also secure, are offered by local governments and often have【C1】______such as tax-free interest. Some may even be【C2】______. Corporate bonds are a bit more risky.
   Two questions often【C3】______first-time corporate bond investors. The first is "If I purchase a corporate bond, do I have to hold it until the maturity date?" The answer is no. Bonds are bought and sold daily on【C4】______securities exchanges. However, if you decide to sell your bond before its maturity date, you’re not guaranteed to get the face value of the bond. For example, if your bond does not have【C5】______that make it attractive to other investors, you may be forced to sell your bond at a【C6】______, i. e. , a price less than the bond’s face value. But if your bond is highly valued by other investors, you may be able to sell it at a premium, i. e. , a price above its face value. Bond prices generally【C7】______inversely(相反地)with current market interest rates. As interest rates go up, bond prices fall, and vice versa(反之亦然). Thus, like all investments, bonds have a degree of risk.
   The second question is "How can I【C8】______the investment risk of a particular bond issue?" Standard & Poor’s and Moody’s Investors Service rate the level of risk of many corporate and government bonds. And【C9】______, the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the【C10】______return is high enough.
A)advantages I)fluctuate
B)assess J)indefinite
C)bother K)insured
D)conserved L)major
E)deduction M)naturally
F)discount N)potential
G)embarrass O)simultaneously
H)features
【C1】
选项
答案A
解析 空格位于及物动词have之后，据此推断应填入名词作宾语。根据上下文可知，此处是对“市政债券很安全”这一观点的进一步阐述，且下文提出了tax-free interest“免税利息”，故答案为A)advantages“优点，好处”。备选项里还有deduction“扣除”，discount“折扣”，features“特点，特色”三个名词，前两个与上下文语义不符，后一个过于笼统，故均排除。
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大学英语六级

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