填空题 There are various types of securities traded on the Stock Exchange, but the true (1) risk maker / risk taker / all risk / is the investor who buys (2) preference shares/cumulative preference shares / ordinary shares/. These shares carry (3) dividend / interest / annuity / which is paid after other securities have been paid if the company makes a profit. When the security is issued it has a (4) nominal value / market value / price value/, but this will change so the investor usually buys it at its (5) market price / par price / premium/.
The investor will not have to pay for security immediately but can wait for (6) three working days/five working days /ten working days / which are called the (7) account / accountant / accounting/. The seller of the shares also has this amount of time to produce them so both buyer and seller can speculate.
Those speculators who think prices will fall are called (8) bulls / bears / stags/. and those who think prices will rise are called (9) bulls /bears / stags/. These types of speculators are not interested in the share"s (10) revenue / interest/profit / but (11) capital wins / capital gains / capital investment/. Sometimes if the expected rise in prices does not happen, then settlement can be (12) carried on / carried out / carried over / to the next period, and this is called (13) contango / backwardation / payment/. Another area of trading which can be used for speculation is the Options Market, where buyers can offer to take shares at a future date at an agreed price on a (14) put option / call option / traded option / or sellers can agreed a future contract on a (15) put option / call option / traded option / basis.