优先股是公司在筹集资金时.PPT

Unit 2 Speaker: Li Ping Introduction to stock market investment Term explanation Bear Market （熊市）: A falling market in which bears would prosper. Blue Chip （蓝筹股）: Term for the most highly regarded shares. Originally an American term, from the highest value poker chip. Broker （股票经济人）: A London Stock Exchange member firm, which provides advice and dealing services to the public and which can deal on its own account. Bull Market（牛市）: A rising market in which bulls would prosper. Term explanation Price / Earnings Ration (P/E Ratio) 市盈率: The P/E ratio is a measure of the level of confidence investors have in a company (rightly or wrongly). Generally, the higher the figure, the higher the confidence. It is worked out by dividing the current share price by the last published earnings per share which is net profit divided by the number of ordinary shares. Rights Issue （附加股）: An invitation to existing shareholders to purchase additional shares in the company. Term explanation White Knight （白衣骑士）: A company which rescues another company which is in financial difficulty, especially one which saves a company from an unwelcome take-over bid. Yield (投资收益): The return earned on an investment taking into account the annual income and its present capital value. There are a number of different types of yield, and in some cases different methods of calculating each type. Term explanation Offer （报价）: The prices at which the market maker will sell shares to investors. Option （期权）: The right (but not the obligation) to buy or sell a particular futures at a specific price (strike price) on or before a certain expiration date. Cf. Future (期货) comparison Term explanation Preference Shares （优先股）: These are normally fixed-income shares whose holders have the right to receive dividends before ordinary shareholders but after debenture and loan stock holders have received their interest. Common stock (普通股) 普通股是指在公司的经营管理和盈利及财产的分配上享有普通权利的股份，代表满足所有债权偿付要求及优先股东的收益权与求偿权要求后对企业盈利和剩余财产的索取权，它构成公司资本的基础，是