Task 1: Tell me about the stock exchange George: I'm supposed to give a presentation on the stock exchange, but I don't yet know a thing bout it. Could you give me some tips? Diana: The problem with you is that you' ve skipped too many classes. Now, let me give you a few tips. First of all, you need to define the stock exchange. It's an organization of brokers and investment bankers. In Europe it is often called a bourse George: Could you tell me more about it? Like, how does it work? Diana: It provides facilities for the trading of company stocks, mainly the location and the record-keeping devices George: Can I go and trade there? Diana: It depends. You have to be a member of the exchange before you can buy and sell shares here. They call it having"a seat on the exchange George: Something they use the term"stock market Diana: Well, the trading of stock on stock exchanges is called the stock market George: How can a company be listed on the stock exchange? Diana: It has to meet certain requirements. To be listed on the New York Stock Exchange last year for example, a company had to have issued at least a million shares of stock worth $16 and had to have had more than 2.5 million net George: Wow, thats a huge sum! Small companies havent got a chance Diana: Big companies have more influence on the stock prices after all George: I see what you mean Stock exchange a thil ome tips define investment bankers Europe member stock market requirements a million shares net income Task 2: Stockbroker helps Mr Junkie to short Script ABC stock reached$155.“$l55” for a stock that should be valued at$l00.Wow!“That'sit”I said to myself. " It's time I make a decision. Im going to short that stock. " I thought to myself, This stock is overvalued It cant remain at the present level for long. This means money in the So I phoned my broker I want to place a trade. I want to short 1, 500 shares of ABC I'm sorry, Mr Junkie, he said, "I can't process that for you Your account is cash account. You need a margin account to short a stock. I can send you the application form or you nearest financial institution to fill out the forms The minute I got of the phone, I heard out the door because time is money. I ran to the financial institution to fill out the form and sent it to the broker by express mail service. Next morning ITask 1: Tell me about the stock exchange. Script George: I’m supposed to give a presentation on the stock exchange, but I don’t yet know a thing about it. Could you give me some tips? Diana: The problem with you is that you’ve skipped too many classes. Now, let me give you a few tips. First of all, you need to define the stock exchange. It’s an organization of brokers and investment bankers. In Europe it is often called a bourse. George: Could you tell me more about it? Like, how does it work? Diana: It provides facilities for the trading of company stocks, mainly the location and the record-keeping devices. George: Can I go and trade there? Diana: It depends. You have to be a member of the exchange before you can buy and sell shares there. They call it having “a seat” on the exchange. George: Something they use the term “stock market”. Diana: Well, the trading of stock on stock exchanges is called the stock market. George: How can a company be listed on the stock exchange? Diana: It has to meet certain requirements. To be listed on the New York Stock Exchange last year, for example, a company had to have issued at least a million shares of stock worth＄16 and had to have had more than ＄2.5 million net income. George: Wow, that’s a huge sum! Small companies haven’t got a chance. Diana: Big companies have more influence on the stock prices after all. George: I see what you mean. Stock exchange a thing some tips define investment bankers Europe a member stock market requirements a million shares net income Task 2: Stockbroker helps Mr. Junkie to short Script ABC stock reached＄155. “＄155” for a stock that should be valued at＄100. Wow! “That’s it,” I said to myself. “It’s time I make a decision. I’m going to short that stock.” I thought to myself, “This stock is overvalued. It can’t remain at the present level for long. This means money in the bank.” So I phoned my broker. “I want to place a trade. I want to short 1,500 shares of ABC. “I’m sorry, Mr. Junkie,” he said, “I can’t process that for you. Your account is cash account. You need a margin account to short a stock. I can send you the application form or you nearest financial institution to fill out the forms.” The minute I got of the phone, I heard out the door because time is money. I ran to the financial institution to fill out the form and sent it to the broker by express mail service. Next morning I