大学核心商务英语读写教程3课件陆军 ISBN9787811349207PPTUnit 3.ppt

Objectives The stock of a business is divided into shares, the total of which must be stated at the time of business formation. Given the total amount of money invested in the business, a share has a certain declared face value, commonly known as the par value of a share. The par value is the de minimis (minimum) amount of money that a business may issue and sell shares for in many jurisdictions and it is the value represented as capital in the accounting of the business. In other jurisdictions, however, shares may not have an associated par value at all. Such stock is often called non-par stock. Shares represent a fraction of ownership in a business. Theme of the Text Text A introduces the stock trading basics. Starting from the explanation to stock, it explains the reasons for companies to issue stocks and investors to buy stocks. Then stock exchanges are introduced where investors can buy and sell stocks. And from the comparison of stocks and other savings investment, it is said that stock investment is risky while profitable. The NYSE is operated by NYSE Euronext, which was formed by the NYSEs 2007 merger with the fully electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall Street and is composed of four rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building. With offices in 23 countries and a history that dates back?150 years, Standard Poor’s is known to investors worldwide as a leader of financial-market intelligence. Most notably, it is known as an independent provider of credit ratings. Standard Poor’s is also widely known for maintaining one of the most widely followed indices of large-cap American stocks: the SP 500. Moodys Corporation is the holding com