If P percent of 20 is Q , then P =？A.Q/20B.Q/5C.5QD.10QE.20Q

A．Gradually I lost more of my hearing until I was 80 percent deaf, as I currently remain

B．Soon I lost 20 percent of my hearing after I moved to where I’m living today

C．Several days later, I had only 20 percent hearing

D．Today I have only 80 percent hearing to do deejay jobs

A.Increase.

B.Decrease.

C.Remainthesame.

flation is 3 percent. Compute the P/E ratio of the firm under the following situations: a. The firm has a full inflation flow-through. b. The firm can pass only 40 percent of inflation through its earnings. c. The firm cannot pass any inflation through its earnings. d. What pattern do you observe from your answers to items (i) through (iii)？

paper, and I wanted to inquire about your bulk rates.

M: For the white paper, we offer a 10 percent discount, so that would be $50 per ream. For the colored paper, we offer a 20 percent discount. It would be $65 per ream.

W: But I called Super Warehouse, and their prices are $40 for the white and $55 for the color.

M: Hmm, I'll beat those prices by 5%, if you'll order from us.

What is the relationship between the two speakers？

A．Employer-employee

B．Supplier-customer

C．Professor-student

D．Shopper-cashier

s coupon to the file cabinet, please.

W Actually, the coupon automatically applies to the most expensive item on your bill. I scan it after I've scanned all your purchases, and it automatically chooses the item.

M Oh, good. I just wanted to make sure it wouldn't be applied to the paper or the scissors or anything like that.

W Nothing to worry about. Okay, your coupon gives you $16 off the file cabinet and your total comes to $105.75. How would you like to pay for that？

What is learned about the coupon？

A．It expires after 60 days.

B．It has a $50 limit.

C．It can be used only at the downtown store.

D．It gives a 20 percent discount on one item.

Section B

Directions: In this section, you will hear 3 short passages. At the end of each passage, you will hear some questions. Both the passage and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D.

听力原文： About 70 million Americans are trying to lose weight. That is almost I out of every 3 people in the United States. Some people are on a diet. This means they eat less of cetrain foods, especially fats and sugars. Other people exercise with special equipment, take medicine, or even have operation. Ix) sing weight is hard work, and it can also cost a lot of money. But why do so many people in the United States want to lose weight？

Many people in the United States worry about not looking young and pleasant. For many people, lot king good means being thin. Other people worry about their health. Many doctors say being overweight is not healthy. But. are Americans really fat？ Almost 30 million people in America weigh at least 20 percent more than their proper weight. In fact, the Unites States is the most overweight country in the world.

(27)

A．To eat less fats and sugars.

B．To take much exercise.

C．To have surgery.

D．To work hard.

$1．2 0n its Stock．The growth rate in net income and dividend are both expected to be a constant 7 percent per year,indefinitely．N company has a Beta of 0．8，the risk-free interest rate is 6 percent，and the market risk premium is 8 percent．

P Company is very similar to N company in growth rate，risk and dividend payout rati0．It had 20 million shares outstanding and an earnings of$36 million for the year just ended．

The earnings will increase to$38．5 million the next year．

Requirement：

A．Calculate the expected rate of return on N company’S equity．

B．Calculate N Company’S current price—eaming ratio and prospective price-earning rati0．

C．Using N company’S current price-earning rati0，value P company’S stock price．

D．Using N company’S prospective price-earning rati0，value P company’S stock price．

out 26_________cancer, heart disease or diabetes. More than half of the 3,000 womenquestioned in the 27_________ by Meredith Corporation and NBC Universalwereworded about diet and weight,28 _________ 23 percent who were concerned aboutcancer and 20 percent whowere 29_________ about theircardiovascular health. The women were asked to 30_________ the health issues they were concerned about from a list of 20 problems. The survey showed many women thought theyshould be 31_________, with more than80 percent saying they were overweight. But just 43 percent said they wereexercising at least three times a week, and I 1 percent played team and individual sports. And lessthan two-thirds of all women said they get an annual physical. "These findings should be a wake-upcall to American women everywhere to make their yearly 32_________ without fail and make their ownpersonal health a top 33_________," said Diane Salvatore, editor in chief ofLadies HomeJournal, which is published by Meredith Corp. While the majority of women said theywere overweight,68 percent said they were 34 _________ their identity and development as anindividual. But 40 percent said it was wrong for aman to tell a woman she was overweight. To improve their health,26 percent ofwomen said they took natural herbs and 35_________, while 25 percent bought or adopted a pet, accordingto the survey. Four percent visited a spiritual orreligious leader and one percent went to a hypnotist. 第(26)题__________.

hing I want to look at.

W Tyrone threw them out. Why？ What was it that you were looking for？

M I want a new computer monitor and it looked like CompuZone was selling them for 20 percent off.

W Oh, no. I saw that ad and they're just 20 dollars off. Why don't we check the newspaper？ There might be some good deals in there.

Where most likely are the flyers？

A．In the lounge

B．In the garbage can

C．On the table

D．At Tyrone's office

Section B

Directions: In this section, you will hear 3 short passages. At the end of each passage, you will hear some questions. Both the passage and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D.

听力原文： Time! I think a lot about time. And not just because it's the name of the news organization I work for. Like most working people, I find time or the lack of it a never ending frustration and an unwinnable battle. My everyday is a race against the clock that I never ever seem to win. This is hardly a lonesome complaint. According to the Families and Work Institute's national study of the changing workforce, fifty-five percent of employees say they don't have enough time for themselves, sixty-three percent don't have enough time for their spouses or partners, and sixty-seven percent don't have enough time for their children. It's also not a new complaint. I bet our ancestors returned home from hunting wild animals end gathering nuts end complained about how little time they had to pay in battle scenes on their cave wars. The difference is that the boss of animal-hunting end the head of nut-gathering probably told them to shut up or no survival for you. Today's workers are still demanding control over their time. The difference is today's bosses are listening. I've been reading a report issued today called "when Work Works" produced jointly by three organizations. They set out to find and award the employers who employ the most creative and most effective ways to give their workers flexibility. I found this report worth reading end suggest every boss should read it for ideas.

(27)

A．The lack of time.

B．The quality of life.

C．The frustrations at work.

D．The pressure on working families.