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Section A Directions:In this section, there is a passage with ten blanks,You are required to select One word for each blank from a list of choices given in a word bank following the passage. Read the passage through carefully before making your choices. Each choice in the bamk is identified by a letter.Please mark the corresponding letter for each item on Answer Sheet 2 with a single line through the centre You may not use any of the words in the bank more than once. For investors who desire low risk and guaranteed income,U.S. Government bonds are a secure investment because these bonds have the financial backing and full faith and credit of the federal government.Municipal bonds,also secure,are offered by local governmengts and often have____36______such as tax-free interest.Some may even be ____37______.Corportate bonds are a bit more risky. Two questions often_____38_____first-time corportate bond investors.The first isIf I purchase a corportate bond,do I have to hold it until the matueity date?The answer is no.Bonds are bought and sold daily on ____39_____securities exchanges.However,if your bond does not have____40_____ that make it attractive to other investors, you may be forced to sell your bond at a____41____i.e., a price less than the bonds face value. But if your bond is highly valued by other investors, you may be able to sell it at a premium, i.e., a price above its face value. Bond prices gcncrally____42____ inversely with current market interest rates. As interest rates go up, bond pnccs tall, and vice versa .Thus, like all investments，bonds have a degree of risk. | 
