Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
Методичка_нов.doc
Скачиваний:
0
Добавлен:
01.03.2025
Размер:
1.58 Mб
Скачать

3. Translate into English:

  1. Вони не змогли зробити цього, як планували

раніше.

  1. Компанія виплатила дивіденди, як зазвичай, на

початку року.

  1. Повідомлення про підвищення ціни цих акцій була

для багатьох подібно грому.

  1. Наскільки я знаю, це один з найбільших

комерційних банків країни.

4. Match the Ukrainian and English equivalents:

shares

ordinary share

deferred ordinary share

preference share

cumulative preference share

participating preference share

fixed rate

divisible

stock

акції

привілейована акція

звичайна акція

привілейована акція участі

акціонерний капітал

фіксований курс

той, що ділиться

кумулятивна привілейована акція

відстрочена звичайна акція

акціонерний капітал

5. Complete the sentences with the following words:

ordinary, shares, preference, stocks

1) The capital of a limited company is divided into ...

2) The two main types of shares are: ... shares and ...shares.

3) ... shares carry no fixed rate of dividend but receive a

dividend dependent on the profit of the company.

4)... shares carry a fixed rate of dividend.

5) When shares are grouped into units of 100 they are

called ...

6. Write down answers to the following questions:

1) What are the usual values of

shares?

______________________

2) Are shares divisible?

______________________

3) Are deferred shares similar to

ordinary or preference shares?

______________________

4) Are stocks divisible?

______________________

5) Can fractions of stocks be

bought or sold?

______________________

7. Sum up what the text said about:

ordinary shares

preference shares

stocks

8. Explain the difference between the terms stocks and shares. Text 2: Company finance

A company's share capital is often referred to as equity capital. Part of the company's profit is paid to shareholders as a dividend according to the number of shares they own. If shareholders sell their shares they get more or less than the face value. It depends on the fact if the company is doing well or badly.

If the company needs to raise more capital for expansion it might issue new shares. Often it gives existing shareholders the right to buy these new shares at a low price. This is called rights issue.

If the company wants to turn some of its profit into capital or capitalise some of its profit it can issue new shares at no cost to the existing shareholders. This issue is called bonus or capitalisation issue. Companies often issue such shares instead of paying dividends to the shareholders.

A business must be supplied with finance at the moment it requires it. If there is a regular inflow of receipts from sales and a regular outflow of payments for the expenses of opera­tion there are no serious problems. But in many cases a considerable time must elapse between expenditure and the receipt of income. It is the purpose of financial institutions to assist in the financing of business during this interval. Business companies turn to the capital market and the commercial banks to assist them.