---Could I have a refund on this? ---_______.
A、You are good
B、Have a nice day
C、I’m afraid you can’t
D、You can go
A、You are good
B、Have a nice day
C、I’m afraid you can’t
D、You can go
You are a U.S. investor who holds a portfolio of French stocks. The market value of the portfolio is €20 million, with a beta of 1.2 relative to the CAC index. In November, the spot value of the CAC index is 4,000. The exchange rate is $1.1/€. The dividend yield, euro interest rates, and dollar interest rates are all equal to 4 percent (flat yield curves). a. You fear a drop in the French stock market (but not the euro). The size of CAC index contracts is €10 times the CAC index. There are futures contracts quoted with March delivery. How many contracts should you buy or sell to hedge the French stock market risk? b. You are optimistic about the French stock market [different scenario from part (a)] but fear a depreciation of the euro. How many euros should you sell forward? c. You have the following quotes in Chicago on euro options, maturity March. Should you buy or sell calls or puts to insure against currency risk? What is the premium?d. Calculate the result of your strategies (unhedged, hedged with March forward, insured with March options), assuming that your French stock portfolio is still worth €20 million in March. Simulate for different values of the spot €:$ in March, namely, €1 = $1, $1.1, $1.2.
A、A: pay
B、B. bring
C、C. take
D、D. foot
People who repay loans early will get a fairer deal under changes outlined today.
I have heard of the story of the world famous opera singer Tina Kiberg. As a child, Tina was a violinist and spent her free time practicing and practicing. One day she participated in a violin contest and realized that she would never be more than an ordinary violinist and that she enjoyed singing more. She gave up the violin, took up singing and became a leading international opera singer. Her courage to give up is what allowed her to become a world famous opera singer. Now try to guess what these somewhat successful people have in common-Larry Page,Tiger Woods,John McEnroe and John Steinbeck. Yes, they all dropped out of Stanford. Look at many other successful people and I bet their past is also filled with things they did at one time and then gave up. There are a number of cognitive(认知的processes that make it hard for us to leave our present situation and move ) on to something new—evenwhen we feel miserable with the present situation. We think “I’veinvested so much in this already. If I quit,all will have been wasted. M Once we have something,we hate to lose it. Things we don’thave yet don’tcarry the same value. These cognitive thoughts might help explain why people stay stuck in bad jobs, bad marriages, unhappy friendship,etc.
To sum up, sometimes you’vegot to stick with somethings even through tough times but sometimes you have to have the courage to give up. You have to be open to the fact that sometimes giving up is the right way forward.
24.What can be learned about Tina Kiberg?
A.She used to be a violin player
B.Her talent in violin was ignored
C.She was forced to give up the violin
D.She considered herself the best violinist
What is the author’scomment on “givingup”according to the passage? A.It carries little value
B.It leads to hard times
C.It is sometimes a better choice
D.It is always very important to be successful
What do we know about many successful people from Para.2?
A.They felt miserable in universities
B.They were faced with many failures
C.They usually have nothing in common
D.They know well when to give something up
Why are people unwilling to give up according to Para 3? A.Because they have wasted too much
B.Because they stay stuck in bad conditions
C.Because they are afraid of losing what they have
D.Because they feel miserable with the present situation
You are going to hear a passage about high-context culture and low-context culture. Listen carefully and fill in the missing information. 音频3(请将音频调至18秒开始,播放至结束) High-context culture refers to societies or groups where people have close connections over a long period of time. Many 1________ of cultural behavior are not made explicit(明确的) because most members know what to do and what to think from years of 2_________ with each other. High-context culture relies heavily on 3_________, often nonverbal 4________ to maintain social 5_________. It can be found in Asia, most of Latin America, Africa and Middle East countries. Low-context culture refers to societies where people tend to have many connections but of shorter 6________ or for some specific reason. In these societies, cultural behavior and beliefs may need to be 7________ explicitly so that those coming into the cultural environment know how to behave. Low-context culture uses language primarily to express 8________, feelings and ideas as directly as possible. The lowest context cultures are Germany, Britain, the United States, Switzerland and Scandinavian countries. 1.
A、who
B、whom
C、whose
D、that
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