2. Read the text again and match the English collocations on the left to their Russian equivalents on the right.

1) part ownership of a company	a) получать фиксированный дивидент
2) stockholders	b) первичный рынок
3) securities	c) внебиржевой рынок
4) government bonds	d) долевое владение компанией
5) equity	e) номинальная цена акции
6) ordinary shares	f) зависеть от спроса и предложения
7) to receive a fixed dividend	g) акционеры
8) to go bankrupt	h) автоматизированные системы торгов
9) to go into liquidation	i) акционерный капитал
10) primary market	j) назначать цену
11) оver-the-counter (OTC) markets	k) прекратить существование
12) nominal value of a share	m) ценные бумаги
13) to depend on supply and demand	n) производить торги
14) automatic trading systems	o) обыкновенные акции
15) quote bid	p) государственные облигации
16) to sell at a profit	q) произвести выпуск новых акций
17) spread	r) размещать заявки о покупке и продаже акций
18) mark-up	s) сделать отчет по результатам комплексной проверки
19 to place buying and selling orders	t) процентная надбавка
20) to produce a due diligence report	u) обанкротиться
21) to produce a prospectus	v) гарантировать выпуск акций
22) to make a flotation	w)предоставлять проспект
23) to underwrite the stock issue	x) разница между доходностью акций

3. Read the text again and decide whether the statements are true (t) or false (f).

1. New companies can apply to join a stock exchange. (T/F)

2. Investment banks sometimes have to buy some of the stocks in an IPO. (T/F)

3. The due diligence report is produced by the company’s own accountants. (T/F)

4. The dividend paid on preference shares is variable. (T/F)

5. If a company goes bankrupt, the first investors to get any money back are the holders of preference shares. (T/F)

6. Stocks that have already been bought at least once are traded on the primary market. (T/F)

7. NASDAQ and the AIM have more regulations than the New York Stock Exchange and the London Stock Exchange. (T/F)

8. The market price of stocks depends on how many buyers and sellers there are. (T/F)

9. Automatic trading systems do not require market makers. (T/F)

10. Market makers make a profit from the difference between their bid and offer prices. (T/F)

4. Match the following words in the box with their definitions below.

bankrupt going public flotation liquidation prospectus preference shares stock exchange to underwrite market price investors primary market nominal value secondary market ordinary shares

1. a document describing a company and offering stocks for sale

2. a market on which companies’ stocks are traded

3. buyers of stocks

4. changing from a private company to a public one, quoted on a stock exchange on a stock exchange

5. the first sale of a company’s stocks to the public

6. to guarantee to buy newly issued shares if no one else does

7. shares that pay a guaranteed dividend

8. the most common form of shares

9. insolvent, unable to pay debts

10. the sale of the assets of a failed company

11. the price written on a share, which never changes

12. the marker on which shares can be re-sold

13. the price at which a share is currently being traded

14. the market on which new shares are sold