An analyst feels that Brown Companys earnings and dividends will grow at 25% for two years, after which growth will fall to a constant rate of 6%. If the projected discount rate is 10%, and Browns mos

An analyst uses a stock screener and selects the following metrics from his equity universe:

·price-to-equity ratio lower than the median P/E

·price-to-book value ratio lower tha

A、Value investors

B、Growth investors

C、Market-oriented investors

How does Kamp say he feels about having his wife working for the company？

A．Embarrassed that people know about it.

B．Certain that she is better than other consultants.

C．Afraid that people will misunderstand her role in the company.

D．Confident he can defend her contributions to the company.

How does Kent say he feels about having his wife working for the company？

A．embarrassed that people know about it

B．certain that she is better than other consultants

C．afraid that people will misunderstand her role in the company

D．confident he can defend her contribution to the company

听力原文： One reason is that people become addicted to cigarettes. To be addicted means that your body comes to need them. The addictive substance in cigarettes is nicotine. When people smoke, the nicotine goes right into the blood stream and makes people feel relaxed. A smoker's body gets accustomed to the nicotine and if he stops smoking he feels nervous. Many smokers try to stop smoking but because of the addiction to nicotine they feel so uncomfortable that they often find it too difficult to stop.

Another reason is that people simply enjoy smoking. For many people, having a cigarette means taking a break. For some people smoking becomes part of certain social rituals, for example, the cigarette after dinner. Many people enjoy smoking because it gives them something to do with their hands. Reaching for a cigarette and lighting it are especially comforting in situations where a person feels tense.

Many people also like the taste of tar in cigarettes. However, it is the tar that causes cancer. While governments and health experts have tried to get people to give up smoking entirely, cigarette manufacturers have tried to keep selling them by producing cigarettes with less tar. Many people in western countries have welcomed these cigarettes since they find it hard to stop smoking but want to reduce the risk to their health.

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A．Because their bodies get accustomed to the nicotine.

B．Because they have nothing to do in their spare time.

C．Because they want to do something different form. others.

D．None of the above.

likes the most：phoning investor managers on a Saturday or Sunday when he’s working on a report and facing a deadline．In Japan，placing a work call to someone on the weekend“feels like entering someone’s house with your shoes on，”says Naya，chief analyst at Ichiyoshi Research Institute in Toky0．So last year，Naya started asking his questions via messages on Facebook．While a telephone call seems intrusive，he says，a Facebook message“feels more relaxed．” Many Japanese have become fans of Mark Zuckerberg’s company in the past year．It’s taken a while：Even as Facebook took off in India，Indonesia，and other parts of Asia，it’s been a laggard in Japan since its local—language version debuted in 2008．The site faced cultural obstacles in a country where people historically haven’t been comfortable sharing personal information，or even their names，on the Internet．Homegrown rivals such as community website operator Mixi and online game portals such as DeNA allow their users to adopt pseudonyms． The Japanese are overcoming their shyness，though．In February，Facebook had 13．5 million unique users，up from 6 million a year earlier．That puts Facebook in the N0．1 position in Japan for the first time，ahead of Twitter and onetime leader Mixi．“Facebook didn，t have a lot of traction in Japan for the longest time，”says Arvind Rajan，Asia—Pacific managing director for LinkedIn，which entered the Japanese market last October and hopes to emulate Facebook’s recent success．“They really did turn the corner，”he says．Rajan attributes the change in attitude to the March 11，20 11，earthquake and tsunami．During the crisis and its aftermath，sites such as Facebook helped parents and children locate each other and allowed people post and find reliable information．“The real—name case has been answered．”says Rajan．“People are getting it now．” Japanese see Facebook as a powerful business t001．The real—name policy makes the site a good place to cultivate relationships with would_be partners．As more companies such as retailers Uniqlo and Muji turn to Facebook to reach Japanese consumers，the Silicon Valley company is benefiting from a virtuous cycle，says Koki Shiraishi，an analyst in Tokyo with Daiwa Securities Capital Markets．“It’s a chicken—and—egg thing：If everyone starts using it，then more people start using it．” As a result of Facebook’s rise．investors have soured on some of its rivals：DeNA’s stock price has dropped 24 percent in the past year，and Mixi’s has fallen 38 percent.Growth at Twitter--which also entered Japan in 2008--has stagnated，and the San Francisco company has partnered with Mixi to do joint marketing．Twitter Japan country manager James Kondo says there’s no reason to worry．Japan’s social networking scene“is a developing thing，”he says．“We，re not in a flat market where everyone is competing for a share of a fixed pie．” Hiroshi Naya takes a fancy to Facebook because_______．

A.it enables him to reach out to business partners

B.it saves the trouble of face—to—face meeting

C.it flees him from making awkward calls

D.it makes him relaxed to make intrusive remarks

likes the most：phoning investor managers on a Saturday or Sunday when he’s working on a report and facing a deadline．In Japan，placing a work call to someone on the weekend“feels like entering someone’s house with your shoes on，”says Naya，chief analyst at Ichiyoshi Research Institute in Toky0．So last year，Naya started asking his questions via messages on Facebook．While a telephone call seems intrusive，he says，a Facebook message“feels more relaxed．” Many Japanese have become fans of Mark Zuckerberg’s company in the past year．It’s taken a while：Even as Facebook took off in India，Indonesia，and other parts of Asia，it’s been a laggard in Japan since its local—language version debuted in 2008．The site faced cultural obstacles in a country where people historically haven’t been comfortable sharing personal information，or even their names，on the Internet．Homegrown rivals such as community website operator Mixi and online game portals such as DeNA allow their users to adopt pseudonyms． The Japanese are overcoming their shyness，though．In February，Facebook had 13．5 million unique users，up from 6 million a year earlier．That puts Facebook in the N0．1 position in Japan for the first time，ahead of Twitter and onetime leader Mixi．“Facebook didn，t have a lot of traction in Japan for the longest time，”says Arvind Rajan，Asia—Pacific managing director for LinkedIn，which entered the Japanese market last October and hopes to emulate Facebook’s recent success．“They really did turn the corner，”he says．Rajan attributes the change in attitude to the March 11，20 11，earthquake and tsunami．During the crisis and its aftermath，sites such as Facebook helped parents and children locate each other and allowed people post and find reliable information．“The real—name case has been answered．”says Rajan．“People are getting it now．” Japanese see Facebook as a powerful business t001．The real—name policy makes the site a good place to cultivate relationships with would_be partners．As more companies such as retailers Uniqlo and Muji turn to Facebook to reach Japanese consumers，the Silicon Valley company is benefiting from a virtuous cycle，says Koki Shiraishi，an analyst in Tokyo with Daiwa Securities Capital Markets．“It’s a chicken—and—egg thing：If everyone starts using it，then more people start using it．” As a result of Facebook’s rise．investors have soured on some of its rivals：DeNA’s stock price has dropped 24 percent in the past year，and Mixi’s has fallen 38 percent.Growth at Twitter--which also entered Japan in 2008--has stagnated，and the San Francisco company has partnered with Mixi to do joint marketing．Twitter Japan country manager James Kondo says there’s no reason to worry．Japan’s social networking scene“is a developing thing，”he says．“We，re not in a flat market where everyone is competing for a share of a fixed pie．” Hiroshi Naya takes a fancy to Facebook because_______．

A.it enables him to reach out to business partners

B.it saves the trouble of face—to—face meeting

C.it flees him from making awkward calls

D.it makes him relaxed to make intrusive remarks

A.定压运行时≯3％THA/min；

B.定压运行时≯5％THA/min；

C.滑压运行时≯3％THA/min；

D.滑压运行时≯5％THA/min

A．and tha

B．as for

C．whereas

D．on the contrary

A.full of; are

B.full of; is

C.full in; are