题目内容
（请给出正确答案）
(d) Estimate by how much the bid might be increased without the shareholders of Paxis suffering a fall in their expected wealth, and discuss whether or not the directors of Paxis should proceed with the bid. (5 marks)
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更多“（d) Estimate by how much the b…”相关的问题
A.expect
B.estimate
C.overestimate
Which of the following correctly reflects what this change represents and how it should be applied？
A.It is a change of accounting policy and must be applied prospectively
B.It is a change of accounting policy and must be applied retrospectively
C.It is a change of accounting estimate and must be applied retrospectively
D.It is a change of accounting estimate and must be applied prospectively
Building a house costs quite a lot of money. Suppose you plan to build a house. Your first step will be to find a right piece of land. Your choice will depend on many different things. You will probably try to find a sunny place, with pleasant surroundings(环境)near shops and bus stops, not too far from your friends and the place where you work.
Next you will find a good builder, and together with the builder you will work out a plan. The builder will draw the plan. It will show the number of rooms, their position and size, and other parts, which must be noticed, such as windows, doors, and electric outlets.The builder will work out how much money is needed to build your house. He will work out the cost of the wood, bricks, the glass, and everything else that must be used in building the house. Later on, when he starts to build, this estimate(预算)must be corrected and revised(修订). His estimate is based on existing prices, but prices of such things may change, and many other things may happen between the time when he makes the estimate and the time when he builds the house.
When the builder gives his estimate, you may wish to change your plan. (You may also wish to change your builder, if his estimate is too high!) You may find that the house you wanted at first costs too much, or that you can spend a little more and add something to your plan. The builder's estimate depends on the plan, but the final plan depends on the builder's estimate.
21. The best title of this passage is().
A. Building a House Costs Much Money
B. Estimate Is Important
C. Planning a House
22. The first thing for a person to build a house is().
A. to get as much money as possible
B. to find a suitable piece of land
C. to work out a plan
23. The phrase”draw a plan”in this passage means().
A. making a picture of a building or a room
B. making a plan
C. working out a plan
24. When the builder starts to build a house, his estimate will have to be corrected and revised because().
A. it is wrongly worked out by a workman
B. the future owner of the house thinks the estimate is so high that he cannot afford the building
C. the prices of building materials and the expenses(费用)of labor may be different from the original prices and expenses
25. What is the relationship(关系)between the estimate and the plan？
A. The plan depends on the estimate.
B. The plan has nothing to do with the estimate.
C. The estimate and the plan depend on each other.
阅读理解：阅读下面的短文，根据文章内容从A、B、C三个选项中选出一个最佳选项。
Building a house costs quite a lot of money.Suppose you plan to build a house.Your first step will be to find a right piece of land.Your choice will depend on many different things.You will probably try to find a sunny place, with pleasant surroundings(环境) near shops and bus stops, not too far from your friends and the place where you work.
Next you will find a good builder, and together with the builder you will work out a plan.The builder will draw the plan.It will show the number of rooms, their position and size, and other parts, which must be noticed, such as windows, doors, and electric outlets.The builder will work out how much money is needed to build your house.He will work out the cost of the wood, bricks, the glass, and everything else that must be used in building the house.Later on, when he starts to build, this estimate(预算)must be corrected and revised(修订).His estimate is based on existing prices, but prices of such things may change, and many other things may happen between the time when he makes the estimate and the time when he builds the house.
When the builder gives his estimate, you may wish to change your plan.(You may also wish to change your builder, if his estimate is too high!)You may find that the house you wanted at first costs too much, or that you can spend a little more and add something to your plan.The builder's estimate depends on the plan, but the final plan depends on the builder's estimate.
1.The best title of this passage would be “
A.Building a House Costs Much Money
B.Estimate Is Important
C.Planning a House
2.The first thing for a person to build a house is
A.to get as much money as possible
B.to find a suitable piece of land
C.to work out a plan
3. The phrase “draw a plan” in this passage means
A.making a picture of a building or a room
B.making a plan
C.working out a plan
4.When the builder starts to build a house, his estimate will have to be corrected and revised because
A.it is wrongly worked out by a workman
B.the future owner of the house thinks the estimate is so high that he cannot afford the building.
C.The prices of building materials and the expenses(费用)of labor may be different from the
original prices and expenses
5.What is the relationship(关系)between the estimate and the plan？
A.The plan depends on the estimate.
B.The plan has nothing to do with the estimate.
C.The estimate and the plan depend on each other.
阅读文章，回答下列各题： A lot ofpeople don’t want to talk about their age，especially(尤其是)womenover 30．The thought of grow—ing older is a painful(痛苦的)one and most of US，ifpossible，would like to have nothing to do with it．However，getting older is a thing that happens to all of US．As a result，many people work hard to keep young．So the lastthing they want is for someone to askthe question，“How old are you？” Peoplemay answer this question like：“How old do you think I am？”“30 something．I’min my thirties．Let’s just leave it at that．…‘I can’t remember．…Oh，don’t ask me that．…“A lot older than what lwould like tobe．” However，if you really want to knowsomeone’s age，this is how you could find out the answer．First you estimate(估计)their age．Then you subtract(减去)ten years from thatestimation．Certainly you will get a big smilefrom thatperson who will also say．“Wow．Youare my best friend．I’m 38 already．Can you believe it？”You，ofCOUrSe,，say，“N0．I reallyCall’t．You’re,joking．You don’tlook a day over 28．” Most of men are pleased totell others how old they are．
A.Right．
B.Wrong．
C.Doesn’t Say．
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)
What is the 'biggest city in the world？ That is, (21) city has the largest population？ This seems like (22) question to answer, but actually it isn't.
It's actually rather difficult to say which cities (23) the largest. There are two reasons for this difficulty. First of all, it isn't easy to determine a city's boundaries, that is, where a city ends. Nowadays, nearly all cities have a large (24) area around them. So when we talk about the population of a city, we often mean the population of the whole metropolitan area around the city. That means that it's difficult to determine what the population of a city is because it's difficult to define what a city is.
The second reason that it is difficult to 25 the population of different cities is this: it is almost impossible to get (26) about the population of all cities for the same year. For example, we might get an estimate of New York's population in 1979 and an (27) of Mexico City's population in 1981. So we real ly can't compare the numbers because the information is for (28) different years. And the population of cities changes rather quickly, especially in some cases. For example, the population of Jakarta, Indonesia, may increase by 5% each year, so the population figure will change rather quickly.
So we can say that these are our two (29) for comparing the populations of cities: one, it's difficult to determine the (30) of a city, and two, it is difficult to get accurate information.
21. A. what
B. which
C. where
D. how
A.estimated
B. count
C. calculate
D. estimate
A.grant
B.estimate
C.council
D.check
