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Before investing in common stocks, one should be aware of both their advantages and disadvantages. One advantage is their high return on the__47_ amount invested. The average price of all stocks sold on the major stock_48___ can be expected to rise considerably over an __49___ period of time; common stocks of time, common stocks offer an __50__ hedge（防御措施） against long-term inflation. Addtionally, there are tax advantages to invest in common stocks. The income on the capital gain of a common stock held for more than a year is taxed at a much lower rate than ordinary income. The big disadvantage ofcommon stocks is the great risk of price__51_ that must be accepted in return for the chance to realize large gains. Both individual stocks and the market in general__52_ to sudden and steep price falling. These are difficult for the small investors to__53__. Another disadvantage is during periods of high inflation the attractiveness of other forms of investmment, such as time__54_, Thus, during these times the value of common stocks as a hedge aginst inflation is reduced. Oftern,too ,ther current rate of return on common stocks is much lower than the return on the other less risky forms of investment. Although these disadvantages cannot be___55__, they should not blind investors to the advantages of the__56___ chosen common stocks.
A) cautiously B) extraordinary C)deposits D) anticipate E)incline
F) decline G) attractive H) exchanges I) original J)ignored
K) territory L) plentifully M) deficiency N) extensive O) demonstrate
