填空题

A. advantages B. assess C. bother D. conserved
E. deduction F. discount G. embarrass H. features
I. fluctuate J. indefinite K. insured L. major
M. naturally N. potential O. simultaneously
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 31 such as tax-free interest. Some may even be 32 . Corporate bonds are a bit more risky.
Two questions often 33 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 34 securities exchanges. However, if your bond does not have 35 that make it attractive to other investors, you may be forced to sell your bond at a 36 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 37 inversely with current market interest rates. As interest rates go up, bond prices tall, and vice versa. Thus, like all investments, bonds have a degree of risk.
The second question is "How can I 38 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 39 , the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the 40 return is high enough.