A South Korean electronics company issued bonds denominated in US dollars in the United States and registered with the SEC. These bonds are most likely known as a:
A.foreign bond
B.global bond
C.eurobond
D.空
A.foreign bond
B.global bond
C.eurobond
D.空
A、endogenous ADP released by platelet.
B、ATP released by platelet
C、platelet phospholipids colloidal particles
D、ADP released by the damaged tissue.
A、importing; suffer; benefit
B、importing; improve; harm
C、exporting; suffer; harm
D、importing; suffer; harm
The Spanish case provides arguments both for and against monarchy. When public opinion is particularly polarised, as it was following the end of the Franco regime, monarchs can rise above “mere” politics and “embody” a spirit of national unity.
It is this apparent transcendence of politics that explains monarchs’ continuing popularity polarized. And also, the Middle East excepted, Europe is the most monarch-infested region in the world, with 10 kingdoms (not counting Vatican City and Andorra). But unlike their absolutist counterparts in the Gulf and Asia, most royal families have survived because they allow voters to avoid the difficult search for a non-controversial but respected public figure.
Even so, kings and queens undoubtedly have a downside. Symbolic of national unity as they claim to be, their very history—and sometimes the way they behave today – embodies outdated and indefensible privileges and inequalities. At a time when Thomas Piketty and other economists are warning of rising inequality and the increasing power of inherited wealth, it is bizarre that wealthy aristocratic families should still be the symbolic heart of modern democratic states.
The most successful monarchies strive to abandon or hide their old aristocratic ways. Princes and princesses have day-jobs and ride bicycles, not horses (or helicopters). Even so, these are wealthy families who party with the international 1%, and media intrusiveness makes it increasingly difficult to maintain the right image.
While Europe’s monarchies will no doubt be smart enough to survive for some time to come, it is the British royals who have most to fear from the Spanish example.
It is only the Queen who has preserved the monarchy’s reputation with her rather ordinary (if well-heeled) granny style. The danger will come with Charles, who has both an expensive taste of lifestyle. and a pretty hierarchical view of the world. He has failed to understand that monarchies have largely survived because they provide a service – as non-controversial and non-political heads of state. Charles ought to know that as English history shows, it is kings, not republicans, who are the monarchy’s worst enemies.
21. According to the first two Paragraphs, King Juan Carlos of Spain
A.used turn enjoy high public support
B.was unpopular among European royals
C.cased his relationship with his rivals
D.ended his reign in embarrassment
Which of the following is the best title of the text?A.Carlos, Glory and Disgrace Combined
B.Charles, Anxious to Succeed to the Throne
C.Carlos, a Lesson for All European Monarchs
D.Charles, Slow to React to the Coming Threats
Which of the following is shown to be odd, according to Paragraph 4?
A.Aristocrats’ excessive reliance on inherited wealth
B.The role of the nobility in modern democracies
C.The simple lifestyle of the aristocratic families
D.The nobility’s adherence to their privileges
The British royals “have most to fear” because CharlesA.takes a rough line on political issues
B.fails to change his lifestyle as advised
C.takes republicans as his potential allies
D.fails to adapt himself to his future role
Monarchs are kept as heads of state in Europe mostlyA.owing to their undoubted and respectable status
B.to achieve a balance between tradition and reality
C.to give voter more public figures to look up to
D.due to their everlasting political embodiment
A、yield to maturity on a coupon-paying bond maturing at the end of Year 2
B、yield to maturity on a zero-coupon bond maturing at the end of Year 2
C、coupon rate in Year 2 on a coupon-paying bond maturing at the end of Year 4
D、空
"Rachel Lake is evaluating the potential for bond prices to change given the market discount rate. She derives the following conclusions: Conclusion 1: The convexity effect can be observed as the tendency for bond prices to increase when market discount rates decrease. Conclusion 2: For two bonds offering an identical coupon rate, the maturity effect results in the longer-term bond being more price-sensitive than a shorter-term bond when the change in market discount rates is identical. Lake is most likely correct with respect to:
A、conclusion 1 only.
B、conclusion 2 only.
C、both the conclusions.
D、空
A、recently issued and actively traded government bonds
B、seasoned and actively traded government bonds
C、recently issued and actively traded corporate bond
D、空
A、it has a well-defined yield-to-maturity.
B、it is measured as sensitivity to changes in the yield-to-worst.
C、future cash flows are contingent on the path of future interest rates.
D、空
A、the bond is sold at a price to generate capital gains.
B、the bond is sold at a price on the constant-yield price trajectory.
C、coupon payments are reinvested at a rate higher than the original yield-to-maturity.
D、空
A、yield spread may increase.
B、creditworthiness may decline.
C、issuer is unable to make interest and principal payments on a timely basis.
D、空
A、-62.93 bps
B、-20.75 bps
C、361.88 bps
D、空
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