SECTION A In this section you will hear a
mini-lecture. You will hear the lecture ONCE ONLY. While listening to the
lecture, take notes on the important points. Your notes will not be marked, but
you will need them to complete a gap-filling task on ANSWER SHEET ONE after the
mini-lecture. Use the blank paper for note taking. Now listen to
the mini-lecture.
The Stock Market When a new company is
organized and shares are sold, it is not hard to determine the value of each
share: all the shares together represent the total value of the
company. Ⅰ. The best way to explain how the stock market
works. To imagine you form a company to
produce a soda with 4 friends: 1) putting in $600
together for the expenses involved in--the (1) of the
(1) ______. company;
2) stating every
(2) represents $10 of the present value of the company;
(2) ______. 3) owning a share signifies--a
part owner of the company.
Ⅱ. Stock price increases when (3) is good and the
value of the company (3) ______.
jumps.
1) the (4) $600 invested →
$1,800 in value at present
(4) ______. 2) $10per share
originally→ (5) each currently
(5)
______. Ⅲ. Stock price falls when business is worse and the
value of the company drops.
1) (6) of $1,800 → a low point of $300
(6) ______.
2) $30 per share → $5 per share
IV. How to buy stocs
1) to find a (7) buying and selling stock for
other people; (7)
______. 2) the stockbroker’s entering a stock
market;
3) the stockbroker’s inquirement of other brokers
about your buying;
4) the stockbroker’s (8)
of the stock purchase;
(8) ______.
5) to pay the bill --the amount of purchase & the
stockbroker’s (9) (9)
______. You have to pay the broker whenever he
buys and sells for you, (10) (10)
______. each time you sell stock and sometimes when you buy. You may also pay
a small fee to the owners of the place where the stock is bought or
sold.