rising. It can be an excellent long-term investment, I am sure.

Mary But if I want to sell my shares very soon?

Frank No problem. Undoubtedly you can make a profit on the sale. But it seems to me

you'll want to keep this company in your portfolio.

Mary Thank you for your advice. You are wise as usual.

Frank Well, my advice now is to study the company's Annual Report. You need several

days for that. Then we'll meet and talk again.

Active Vocabulary

a stockbroker біржовий маклер

if it concerns smth якщо мова йдеться про

loan позика

partial owner співвласник

Annual Report річний звіт

to pay dividends платити дивіденди

long-term investment довгостроковий внесок

to make a profit on the sale отримувати прибуток з продажу

Vocabulary Exercises

Exercise 1. Make up a sentence according to the model.

Model: How should the company pay the expenses? (borrow from the

government.

The company should pay the expenses by borrowing from the government.

1. How can we form an equity funding? /issue shares/.

2. How can a business sell more shares of stock? /offer a dividend/.

3. How should we know about the financial state of the company? /look over the Annual Report./

4. How should he invest his savings? /buy common stock/.

5. How should they make people buy their bonds? /increase the interest/.

6. How can this company make a profit? /raise investment capital/.

Exercise 2. Choose the sentence from the dialogue. You need several days for that. Use this structure to respond the following sentences.

Model: It takes a month to sell the bonds.

You need a month to sell the bonds.

1. It will take a half of the year to pay off the debts.

2. It takes her several days to count up net assets.

3. It won't take the company much time to repay the loan.

4. It will take him the rest of his life to learn how to run the corporation.

5. It takes them two days to sell the goods.

6. It will take them much time to decrease the outflow.

7. It will take him a month to raise the capital.

Exercise 3. Answer the questions.

1. What kind of funding is preferable: equity or debt?

2. What shares of what enterprises of your town would you buy? Explain why.

3. Imagine that your business is going to get capital funds by borrowing. What bond

interest would you charge? Explain why.

4. What should you do to produce more inflow of capital?

5. How can you calculate the net assets of your enterprise?

6. What traits of character does a stockbroker need?

Exercise 4. Translate from Ukrainian into English.

1. Нашому підприємству потрібні грошові фонди для покупки обладнання.

2. Я надаю перевагу акціонерному способу утворення грошового фонду підприємства. Він залучає більшу кількість капіталу.

3. Акції й облігації можуть бути уступлені, куплені чи продані.

4. Я хочу купити десятипроцентні облігації.

5. Ми маємо намір виплатити всі борги до початку фінансового року.

6. Ти отримуєш гарний прибуток від продажу цих товарів.

7. Він є співвласником компанії SONY.

8. Покупка акцій цієї компанії – це гарний довгостроковий внесок.

9. Якщо мова йде про мої гроші, я вивчу річний звіт компанії.

Grammar Exercises

Exercise l. Make the sentences negative.

Model: This bank was making loans to corporations during two months last year.

This bank wasn't making loans to corporation during two months last year.

1. They were discussing the роssibility of the purchase of inventory from 5 till 6 p.m. yesterday.

2. He was running the corporation during two months.

3. During our last classes the lecturer was speaking about equity funding.

4. Our accountant was calculating assets liabilities and net worth two days before yesterday.

5. They were electing the new Board of Directors for two hours at their annual meeting.

Exercise 2. Put up four questions of different types (general, special, disjunctive, alternative) to each sentence.

Mоdel: The company was doing extremely well when he was the manager.

1. Was the company doing extremely well when he was the manager?

2. When was the company doing extremely well?

3. The company was doing extremely well when he was the manager,

wasn't it?

4. Was the company doing well or badly when he was the manager of the

company?

1. I was examining the Annual Report when Mr. Stevenson called on me.

2. She was making a profit on the sale of the goods till she could get them.

3. He was holding a position of a stockbroker when I met him last year.

4. The shop was attracting many customers, when it was supplied by famous companies.

5. They were investing money in this business for two years.