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In the first two paragraphs, the rhetoric device used in the writing is______.A.paradoxB.a
In the first two paragraphs, the rhetoric device used in the writing is______.
A.paradox
B.analogy
C.metaphor
D.pun
![](https://lstatic.shangxueba.com/jiandati/pc/images/jdt_panel_vip.png)
In the first two paragraphs, the rhetoric device used in the writing is______.
A.paradox
B.analogy
C.metaphor
D.pun
A. $25.23.
B. $27.83.
C. $29.46.
Section B – TWO questions ONLY to be attempted
GNT Co is considering an investment in one of two corporate bonds. Both bonds have a par value of $1,000 and pay coupon interest on an annual basis. The market price of the first bond is $1,079?68. Its coupon rate is 6% and it is due to be redeemed at par in five years. The second bond is about to be issued with a coupon rate of 4% and will also be redeemable at par in five years. Both bonds are expected to have the same gross redemption yields (yields to maturity).
GNT Co considers duration of the bond to be a key factor when making decisions on which bond to invest.
Required:
(a) Estimate the Macaulay duration of the two bonds GNT Co is considering for investment. (9 marks)
(b) Discuss how useful duration is as a measure of the sensitivity of a bond price to changes in interest rates. (8 marks)
SECTION A COMPOSITION (35 MIN)
Some people say that physical exercise should be a required part of every school day. Other people believe that students should spend the whole school day on academic studies. Which opinion do you agree with?
Write on ANSWER SHEET TWO a composition of about 200 words on the following topic:
Physical Exercise Should (Not) Be Done in School
You are to write in three parts:
In the first part, state your point of view on physical exercise in school.
In the second part, give some specific reasons to support your view.
In the last part, bring what you have written to a natural conclusion or a summary.
Marks will be awarded for content, organization, grammar and appropriateness. Failure to follow the above instructions may result in a loss of marks.
SECTION A COMPOSITION (35 MIN)
Recently a Beijing information company did a survey of student life among more than 700 students in Beijing, Guangzhou, Xian, Chengdu, Shanghai, Wuhan, Nanjing and Shenyang. The results have shown that 67 percent of students think that saving money is a good habit while the rest believe that using tomorrow's money today is better. What do you think?
Write on ANSWER SHEET TWO a composition of about 200 words.
You are to write in three parts.
In the first par, state specifically what your opinion is.
In the second part, support your opinion with appropriate details.
In the last part, bring what you have written to a natural conclusion or a summary.
You should supply an appropriate title for your composition.
Marks will be awarded for content, organization, grammar and appropriateness.
Failure to follow the instructions may result in a loss of marks.
Which of the following is the best tide for the passage?
A.Ship Safety Management.
B.Shipwrecks; an Environmental Threat.
C.The Costa Concordia Disaster.
D.The Costa Concordia Salvage.
According to the last paragraph, the author may suggest that______.
A.either of the two partial theories may be correct
B.the new theory has been established to replace the two partial theories
C.the new theory may develop from either of the two partial theories
D.the new theory may combine many of the properties of the two partial theories
A.a coupon bond selling at a discount to par as a result of market yields increasing after the bond was issued.
B.a zero-coupon bond.
C.a coupon bond selling at a premium to par.
A、carrying value.
B、original purchase price.
C、original purchase price value plus the amortized amount of the premium.
D、空
A. 1,557.
B. 1,577.
C. 1,597.
As to a distinct name, all the following are true EXCEPT that __________.
[A] parents who don't choose it might be considered outdated
[B] most parents like to follow the latest trends
[C] every coin has two sides, so is a distinct name
[D] some parents would like to produce one
A、equal percentage price change
B、greater percentage price change
C、smaller percentage price change
D、空
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