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Key words and phrases for annotations(in passive)The development analyzed The process studied The problems examined The tendencies investigated The experience traced The results of is described The data in smth (also ) given The analysis for are shown The approaches defined The attempts determined The present condition compared and The basic aspects contrasted The reasons considered The research under consideration The main directions presented The requirements outlined The specific features explained The distinctions proposed The modern state systematized The objective reflected The measures The significance stressed The importance for emphasized The role of smth revealed The nature smth is substantiated The essence are proved The necessity in grounded The influence on The dependence 3. Questions for reasoning and discussion. 1. As interest rates in the market change over time, the market price of bonds rises and falls. The change in the value of bonds due to changes in interest rates is a risk incurred by bond investors. What is this risk called? 2. In addition to Treasury securities, some agencies of the government issue bonds. List three such agencies, and state what the funds raised by the bond issues are used for. 3. A call provision on a bond allows the issuer to redeem the bond at will. Investors do not like call provisions and so require higher interest on callable bonds. Why do issuers continue to issue callable bonds anyway? 4.What is a sinking fund? Do investors like bonds that contain this feature? 5. What is the document called that lists the terms of a bond? 6. Describe the two ways whereby capital market securities pass from the issuer to the public.
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