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有一笔国债,5年期,溢价20%发行,票面利率10%,单利计息,到期一次还本付清,其到期收益率是()。
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投资一笔国债5年期平价发行票面利率12.22%单利计息到期收取本金和利息则该债券的投资收益率是
9%
11%
10%
12%
有一笔国债5年期平价发行票面利率12.22%单利计息到期一次还本付息到期收益率复利按年计息是
9%
11%
10%
12%
有一笔国债5年期平价发行票面利率12.22%单利计息到期一次还本付息其到期收益率是
9%
11%
10%
12%
有一笔国债3年期溢价10%发行票面利率为8%如果单利计息到期一次还本付息复利按年计息其到期收益率是
4.38%
4.24%
4.08%
3.96%
有一笔国债5年期平价发行票面利率12.21%单利计息到期一次还本付息其持有到期年均收益率是
11%
12%
9%
10%
有一笔国债5年期溢价20%发行票面利率10%单利计息到期一次还本付息其到期收益率是
4.23%
5.23%
4.57%
4.69%
有一笔国债5年期平价发行票面利率为12.22%单利计息到期一次还本付息到期收益率复利按年计息是
9%
11%
10%
12%
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Fromthehealthpointofviewwearelivinginamarvelousage.Weareimmunizedfrombirthagainstmanyofthemostdangerousdiseases.Alargenumberofoncefatalillnessescannowbecuredbymoderndrugsandsurgery.Itisalmostcertainthatonedayremedieswillbefoundforthemoststubbornremainingdiseases.Theexpectationoflifehasincreasedenormously.Butthoughthepossibilityoflivingalongandhappylifeisgreaterthaneverbeforeeverydaywewitnesstheincredibleslaughterofmenwomenandchildrenontheroads.Manversusthemotorcar!Itisanever-endingbattlewhichmanislosing.Thousandsofpeopleovertheworldarekilledorhorriblykilledeachyearandwearequietlysittingbackandlettingithappen.Ithasbeenrightlysaidthatwhenamanissittingbehindasteeringwheelhiscarbecomestheextensionofhispersonality.Thereisnodoubtthatthemotorcaroftenbringsoutaman’sveryworstqualities.Peoplewhoarenormallyquietandpleasantmaybecomeunrecognizablewhentheyarebehindasteering-wheel.Theysweartheyareill-manneredandaggressivewillfulastwo-year-oldsandutterlyselfish.Alltheirhiddenfrustrationsdisappointmentsandjealousiesseemtobebroughttothesurfacebytheactofdriving.Thesurprisingthingisthatsocietysmilessobenignlyonthemotoristandseemstocondonehisbehaviour.Everythingisdoneforhisconvenience.Citiesareallowedtobecomealmostuninhabitablebecauseofheavytraffic;townsaremadeuglybyhugecarparks;thecountrysideisdesecratedbyroadnetworks;andthemassannualslaughterbecomesnothingmorethanastatistictobeconvenientlyforgotten.Itishightimeaworldcodewerecreatedtoreducethissenselesswasteofhumanlife.Withregardtodrivingthelawsofsomecountriesarenotoriouslylaxandeventhestrictestarenotstrictenough.Acodewhichwasuniversallyacceptedcouldonlyhaveadramaticallybeneficialeffectontheaccidentrate.Hereareafewexamplesofsomeofthethingsthatmightbedone.Thedrivingtestshouldbestandardizedandmadefarmoredifficultthanitis;allthedriversshouldbemadetotakeatesteverythreeyearsorso;theageatwhichyoungpeopleareallowedtodriveanyvehicleshouldberaisedtoatleast21;allvehiclesshouldbeputthroughstringentannualtestsforsafety.Eventhesmallestamountofalcoholinthebloodcanimpairaperson’sdrivingability.Presentdrinkinganddrivinglawswheretheyexistshouldbemademuchstricter.Maximumandminimumspeedlimitsshouldbeimposedonallroads.GovernmentsshouldlaydownsafetyspecificationsformanufacturersashasbeendoneintheUSA.Alladvertisingstressingpowerandperformanceshouldbebanned.Thesemeasuresmaysoundinordinatelyharsh.Butsurelynothingshouldbeconsideredassevereifitresultsinreducingtheannualtollofhumanlife.Afteralltheworldisforhumanbeingsnotmotorcars.WhichofthefollowingisNOTmentionedasawayagainsttrafficaccidents
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Itwasthesummerof1965.DeLucathen17visitedPeterBuckafamilyfriend.BuckaskedDeLucaabouthisplansforthefuture.I’mgoingtocollegebutIneedawaytopayforitDeLucarecallssaying.BucksaidYoushouldopenasandwichshop.Thatafternoontheyagreedtobepartners.Andtheysetagoal.toopen32storesintenyears.AfterdoingsomeresearchBuckwroteacheckfor$1000.DeLucarentedastorefront店面inConnecticutandwhentheycouldn’tcovertheirstart-upcostsBuckkickedinanother$1000.Butbusinessdidn’tgosmoothlyastheyexpected.DeLucasaysAftersixmonthsweweredoingpoorlybutwedidn’tknowhowbadlybecausewedidn’thaveanyfinancialcontrols.AllheandBuckknewwasthattheirsaleswerelowerthantheircosts.DeLucawasmanagingthestoreandgoingtotheUniversityofBridgeportatthesametime.BuckwasworkingathisdayjobasanuclearphysicistinNewYork.They’dmeetMondayeveningsandbrainstormideasforkeepingthebusinessrunning.Weconvincedourselvestoopenasecondstore.WefiguredwecouldtellthepublicWearesosuccessfulweareopeningasecondstore.Andtheydid-inthespringof1966.Stillitwasalotoflearningbytrialanderror.Butthepartnerslearn-as-you-goapproachturnedouttobetheirgreateststrength.EveryFridayDeLucawoulddrivearoundandhand-deliverthecheckstopaytheirsuppliers.Itprobablytookmetwoandahalfhoursanditwasn’tnecessarybutasaresultthesuppliersgottoknowmeverywellandthepersonalrelationshipsestablishedreallyhelpedoutDeLucasays.Andhavingagoalwasalsoimportant.Therearesomanyproblemsthatcangetyoudown.YoujusthavetokeepworkingtowardyourgoalDeLucaadds.DeLucaendedupfoundingSubwaySandwichthemultimillion-dollarrestaurantchain.Whatcanwelearnabouttheirfirstshop
Mymotherfeltpleasedwithherselfbecauseshe______myfathertogiveupsmoking.
Whenyouthinkofthetremendoustechnologicalprogresswehavemadeit’samazinghowlittlewehavedevelopedinotherrespects.WemayspeakcontemptuouslyofthepooroldRomansbecausetheyrelishedtheorgiesofslaughterthatwentonintheirarenas.Wemaydespisethembecausetheymistookthesegoings-onforentertainment.Wemayforgivethemcondescendinglybecausetheylived2000yearsagoandobviouslyknewnobetter.Butareourfeelingsofsuperiorityreallyjustified.AreweanylessbloodthirstyWhydoboxingmatchesforinstanceattractsuchuniversalinterestDon’tthespectatorswhoattendthemhopetheywillseesomeviolenceHumanbeingsremainasbloodthirstyasevertheywere.TheonlydifferencebetweenourselvesandtheRomansisthatwhiletheywerehonestenoughtoadmitthattheyenjoyedwatchinghungrylionstearingpeopleapartandeatingthemalivewefindallsortsofsophisticatedargumentstodefendsportswhichshouldhavebeenbannedlongago;sportswhicharequiteasbarbarousassaypublichangingsorbearbaiting.Itisreallyincrediblethatinthisdayandageweshouldstillallowhuntingorbull-fightingthatweshouldbepreparedtositbackandwatchtwomenbattereachothertopulpinaboxingringthatweshouldberelativelyunmovedbythesightofoneoranumberofracingcarscrashingandburstingintoflames.Letusnotdeceiveourselves.Anytalkofthesportingspiritissheerhypocrisy.Peopletakepartinviolentsportsbecauseofthehighrewardstheybring.Spectatorsarewillingtopayvastsumsofmoneytoseeviolence.Aworldheavy-weightchampionshipmatchforinstanceisfront-pagenews.Millionsofpeoplearedisappointedifabigfightisoverintworoundsinsteadoffifteen.Theyfeeldisappointmentbecausetheyhavebeendeprivedoftheexquisitepleasureofwitnessingprolongedtortureandviolence.WhyshouldwebanviolentsportsifpeopleenjoythemsomuchYoumaywellask.Theanswerissimpletheyareuncivilized.Forcenturiesmanhasbeentryingtoimprovehimselfspirituallyandemotionally—admittedlywithlittlesuccess.Butatleastwenolongertoleratethesightofmadmenbeingcoopedupincagesorpublicfloggingsofanyofthecountlessotherbarbaricpracticeswhichwerecommoninthepast.Prisonsarenolongerthegrimforbiddingplacestheyusedtobe.Socialwelfaresystemsareinoperationinmanypartsoftheworld.Bigeffortsarebeingmadetodistributewealthfairly.Thesechangeshavecomeaboutnotbecausehumanbeingshavesuddenlyandunaccountablyimprovedbutbecausepositivestepsweretakentochangethelaw.Thelawisthebiggestinstrumentofsocialchangethatwehaveanditmayexertgreatcivilizinginfluence.Ifwebanneddangerousandviolentsportswewouldbemovingonestepfurthertoimprovingmankind.Wewouldrecognizethatviolenceisdegradingandunworthyofhumanbeings.Thepurposeoftheauthorinwritingthispassageis______.
Inspiteofyourlivingsofarawaywebothhopeverymuch______.
Theprisonerofwarwishedtobe______.Tenyearslaterhe______freeandre-gainedhis
Howshouldoneinvestasumofmoneyintheseclaysofinflation通货膨胀Leftinabankitwillhardlykeepitsvaluehoweverhightheinterestrateis.OnlyabravemanoraveryrichonedarestobuyandsellontheStockMarket.Todayitseemsthatoneofthebestwaystoprotectyoursavingsandevenincreaseyourwealthistobuybeautifulobjectsfromthepast.HereIamgoingtooffersomeadviceoncollectingantiqueclockswhichIpersonallyconsiderareamongthemostinterestingofantiques.Isometimeswonderwhatabeingfromanotherplanetmightreportbackaboutourwayoflife.TheplanetEarthisruledbyamysteriouscreaturethatsitsorstandsinaroomandmakesastrangetickingsound.Ithasafacewithtwelveblackmarksandtwohands.Mencandonothingwithoutitspermissionanditfastensitsyoungroundpeople’swristssothateverywheremengotheyarestillunderitscontrol.ThiscreatureistherealmasterofEarthandmenareitsslaves.Whetherornotweareslavesoftimetodaydependsonourcultureandpersonalitybutitisbelievedthatmanyyearsagokingskeptspecialslavestotellthetime.Certainmenwereverycleveratmeasuringthetimeofdayaccordingtothebeatingoftheirownhearts.Theyweremadetostandinafixedplaceandeveryhourorsowouldshoutthetime.Soitseemsthatthefirstclockswerehumanbeings.Howevermenquicklyfoundmoreconvenientandreliablewaysoftellingthetime.Theylearnedtousetheshadowscastbythesun.Theymarkedthehoursoncandlesusedsandinhour-glassesandinventedwater-clocks.Indeedanyseriousstudentofantiquesshouldspendasmuchtimeaspossiblevisitingpalacesstatelyhomesandmuseumstoseesomeofthefinestexamplesofclocksfromthepast.Antiqueclockscouldbeveryexpensivebutoneofthejoysofcollectingclocksisthatitisstillpossibletofindquitecheaponesforyourownhome.AfterallifyouaregoingtoberuledbythetimewhynotinvestinairantiqueclockandperhapsmakeafutureprofitAccordingtothepassagecollectingantiqueclocks______.
MurielAliisthelandlordofa______brownstoneapartmentbuildinginBrooklyn.
Howshouldoneinvestasumofmoneyintheseclaysofinflation通货膨胀Leftinabankitwillhardlykeepitsvaluehoweverhightheinterestrateis.OnlyabravemanoraveryrichonedarestobuyandsellontheStockMarket.Todayitseemsthatoneofthebestwaystoprotectyoursavingsandevenincreaseyourwealthistobuybeautifulobjectsfromthepast.HereIamgoingtooffersomeadviceoncollectingantiqueclockswhichIpersonallyconsiderareamongthemostinterestingofantiques.Isometimeswonderwhatabeingfromanotherplanetmightreportbackaboutourwayoflife.TheplanetEarthisruledbyamysteriouscreaturethatsitsorstandsinaroomandmakesastrangetickingsound.Ithasafacewithtwelveblackmarksandtwohands.Mencandonothingwithoutitspermissionanditfastensitsyoungroundpeople’swristssothateverywheremengotheyarestillunderitscontrol.ThiscreatureistherealmasterofEarthandmenareitsslaves.Whetherornotweareslavesoftimetodaydependsonourcultureandpersonalitybutitisbelievedthatmanyyearsagokingskeptspecialslavestotellthetime.Certainmenwereverycleveratmeasuringthetimeofdayaccordingtothebeatingoftheirownhearts.Theyweremadetostandinafixedplaceandeveryhourorsowouldshoutthetime.Soitseemsthatthefirstclockswerehumanbeings.Howevermenquicklyfoundmoreconvenientandreliablewaysoftellingthetime.Theylearnedtousetheshadowscastbythesun.Theymarkedthehoursoncandlesusedsandinhour-glassesandinventedwater-clocks.Indeedanyseriousstudentofantiquesshouldspendasmuchtimeaspossiblevisitingpalacesstatelyhomesandmuseumstoseesomeofthefinestexamplesofclocksfromthepast.Antiqueclockscouldbeveryexpensivebutoneofthejoysofcollectingclocksisthatitisstillpossibletofindquitecheaponesforyourownhome.AfterallifyouaregoingtoberuledbythetimewhynotinvestinairantiqueclockandperhapsmakeafutureprofitThepurposeofthepassageis______.
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Fromthehealthpointofviewwearelivinginamarvelousage.Weareimmunizedfrombirthagainstmanyofthemostdangerousdiseases.Alargenumberofoncefatalillnessescannowbecuredbymoderndrugsandsurgery.Itisalmostcertainthatonedayremedieswillbefoundforthemoststubbornremainingdiseases.Theexpectationoflifehasincreasedenormously.Butthoughthepossibilityoflivingalongandhappylifeisgreaterthaneverbeforeeverydaywewitnesstheincredibleslaughterofmenwomenandchildrenontheroads.Manversusthemotorcar!Itisanever-endingbattlewhichmanislosing.Thousandsofpeopleovertheworldarekilledorhorriblykilledeachyearandwearequietlysittingbackandlettingithappen.Ithasbeenrightlysaidthatwhenamanissittingbehindasteeringwheelhiscarbecomestheextensionofhispersonality.Thereisnodoubtthatthemotorcaroftenbringsoutaman’sveryworstqualities.Peoplewhoarenormallyquietandpleasantmaybecomeunrecognizablewhentheyarebehindasteering-wheel.Theysweartheyareill-manneredandaggressivewillfulastwo-year-oldsandutterlyselfish.Alltheirhiddenfrustrationsdisappointmentsandjealousiesseemtobebroughttothesurfacebytheactofdriving.Thesurprisingthingisthatsocietysmilessobenignlyonthemotoristandseemstocondonehisbehaviour.Everythingisdoneforhisconvenience.Citiesareallowedtobecomealmostuninhabitablebecauseofheavytraffic;townsaremadeuglybyhugecarparks;thecountrysideisdesecratedbyroadnetworks;andthemassannualslaughterbecomesnothingmorethanastatistictobeconvenientlyforgotten.Itishightimeaworldcodewerecreatedtoreducethissenselesswasteofhumanlife.Withregardtodrivingthelawsofsomecountriesarenotoriouslylaxandeventhestrictestarenotstrictenough.Acodewhichwasuniversallyacceptedcouldonlyhaveadramaticallybeneficialeffectontheaccidentrate.Hereareafewexamplesofsomeofthethingsthatmightbedone.Thedrivingtestshouldbestandardizedandmadefarmoredifficultthanitis;allthedriversshouldbemadetotakeatesteverythreeyearsorso;theageatwhichyoungpeopleareallowedtodriveanyvehicleshouldberaisedtoatleast21;allvehiclesshouldbeputthroughstringentannualtestsforsafety.Eventhesmallestamountofalcoholinthebloodcanimpairaperson’sdrivingability.Presentdrinkinganddrivinglawswheretheyexistshouldbemademuchstricter.Maximumandminimumspeedlimitsshouldbeimposedonallroads.GovernmentsshouldlaydownsafetyspecificationsformanufacturersashasbeendoneintheUSA.Alladvertisingstressingpowerandperformanceshouldbebanned.Thesemeasuresmaysoundinordinatelyharsh.Butsurelynothingshouldbeconsideredassevereifitresultsinreducingtheannualtollofhumanlife.Afteralltheworldisforhumanbeingsnotmotorcars.Whatdoestheauthorthinkofsocietytowardmotorists
Hurryupandyouwon’tcatchthetrain.
Itwasthesummerof1965.DeLucathen17visitedPeterBuckafamilyfriend.BuckaskedDeLucaabouthisplansforthefuture.I’mgoingtocollegebutIneedawaytopayforitDeLucarecallssaying.BucksaidYoushouldopenasandwichshop.Thatafternoontheyagreedtobepartners.Andtheysetagoal.toopen32storesintenyears.AfterdoingsomeresearchBuckwroteacheckfor$1000.DeLucarentedastorefront店面inConnecticutandwhentheycouldn’tcovertheirstart-upcostsBuckkickedinanother$1000.Butbusinessdidn’tgosmoothlyastheyexpected.DeLucasaysAftersixmonthsweweredoingpoorlybutwedidn’tknowhowbadlybecausewedidn’thaveanyfinancialcontrols.AllheandBuckknewwasthattheirsaleswerelowerthantheircosts.DeLucawasmanagingthestoreandgoingtotheUniversityofBridgeportatthesametime.BuckwasworkingathisdayjobasanuclearphysicistinNewYork.They’dmeetMondayeveningsandbrainstormideasforkeepingthebusinessrunning.Weconvincedourselvestoopenasecondstore.WefiguredwecouldtellthepublicWearesosuccessfulweareopeningasecondstore.Andtheydid-inthespringof1966.Stillitwasalotoflearningbytrialanderror.Butthepartnerslearn-as-you-goapproachturnedouttobetheirgreateststrength.EveryFridayDeLucawoulddrivearoundandhand-deliverthecheckstopaytheirsuppliers.Itprobablytookmetwoandahalfhoursanditwasn’tnecessarybutasaresultthesuppliersgottoknowmeverywellandthepersonalrelationshipsestablishedreallyhelpedoutDeLucasays.Andhavingagoalwasalsoimportant.Therearesomanyproblemsthatcangetyoudown.YoujusthavetokeepworkingtowardyourgoalDeLucaadds.DeLucaendedupfoundingSubwaySandwichthemultimillion-dollarrestaurantchain.Whatcontributemosttotheirsuccessaccordingtotheauthor
Howshouldoneinvestasumofmoneyintheseclaysofinflation通货膨胀Leftinabankitwillhardlykeepitsvaluehoweverhightheinterestrateis.OnlyabravemanoraveryrichonedarestobuyandsellontheStockMarket.Todayitseemsthatoneofthebestwaystoprotectyoursavingsandevenincreaseyourwealthistobuybeautifulobjectsfromthepast.HereIamgoingtooffersomeadviceoncollectingantiqueclockswhichIpersonallyconsiderareamongthemostinterestingofantiques.Isometimeswonderwhatabeingfromanotherplanetmightreportbackaboutourwayoflife.TheplanetEarthisruledbyamysteriouscreaturethatsitsorstandsinaroomandmakesastrangetickingsound.Ithasafacewithtwelveblackmarksandtwohands.Mencandonothingwithoutitspermissionanditfastensitsyoungroundpeople’swristssothateverywheremengotheyarestillunderitscontrol.ThiscreatureistherealmasterofEarthandmenareitsslaves.Whetherornotweareslavesoftimetodaydependsonourcultureandpersonalitybutitisbelievedthatmanyyearsagokingskeptspecialslavestotellthetime.Certainmenwereverycleveratmeasuringthetimeofdayaccordingtothebeatingoftheirownhearts.Theyweremadetostandinafixedplaceandeveryhourorsowouldshoutthetime.Soitseemsthatthefirstclockswerehumanbeings.Howevermenquicklyfoundmoreconvenientandreliablewaysoftellingthetime.Theylearnedtousetheshadowscastbythesun.Theymarkedthehoursoncandlesusedsandinhour-glassesandinventedwater-clocks.Indeedanyseriousstudentofantiquesshouldspendasmuchtimeaspossiblevisitingpalacesstatelyhomesandmuseumstoseesomeofthefinestexamplesofclocksfromthepast.Antiqueclockscouldbeveryexpensivebutoneofthejoysofcollectingclocksisthatitisstillpossibletofindquitecheaponesforyourownhome.AfterallifyouaregoingtoberuledbythetimewhynotinvestinairantiqueclockandperhapsmakeafutureprofitWhichofthefollowingisNOTmentionedasawaytomeasurethetime
Whenyouthinkofthetremendoustechnologicalprogresswehavemadeit’samazinghowlittlewehavedevelopedinotherrespects.WemayspeakcontemptuouslyofthepooroldRomansbecausetheyrelishedtheorgiesofslaughterthatwentonintheirarenas.Wemaydespisethembecausetheymistookthesegoings-onforentertainment.Wemayforgivethemcondescendinglybecausetheylived2000yearsagoandobviouslyknewnobetter.Butareourfeelingsofsuperiorityreallyjustified.AreweanylessbloodthirstyWhydoboxingmatchesforinstanceattractsuchuniversalinterestDon’tthespectatorswhoattendthemhopetheywillseesomeviolenceHumanbeingsremainasbloodthirstyasevertheywere.TheonlydifferencebetweenourselvesandtheRomansisthatwhiletheywerehonestenoughtoadmitthattheyenjoyedwatchinghungrylionstearingpeopleapartandeatingthemalivewefindallsortsofsophisticatedargumentstodefendsportswhichshouldhavebeenbannedlongago;sportswhicharequiteasbarbarousassaypublichangingsorbearbaiting.Itisreallyincrediblethatinthisdayandageweshouldstillallowhuntingorbull-fightingthatweshouldbepreparedtositbackandwatchtwomenbattereachothertopulpinaboxingringthatweshouldberelativelyunmovedbythesightofoneoranumberofracingcarscrashingandburstingintoflames.Letusnotdeceiveourselves.Anytalkofthesportingspiritissheerhypocrisy.Peopletakepartinviolentsportsbecauseofthehighrewardstheybring.Spectatorsarewillingtopayvastsumsofmoneytoseeviolence.Aworldheavy-weightchampionshipmatchforinstanceisfront-pagenews.Millionsofpeoplearedisappointedifabigfightisoverintworoundsinsteadoffifteen.Theyfeeldisappointmentbecausetheyhavebeendeprivedoftheexquisitepleasureofwitnessingprolongedtortureandviolence.WhyshouldwebanviolentsportsifpeopleenjoythemsomuchYoumaywellask.Theanswerissimpletheyareuncivilized.Forcenturiesmanhasbeentryingtoimprovehimselfspirituallyandemotionally—admittedlywithlittlesuccess.Butatleastwenolongertoleratethesightofmadmenbeingcoopedupincagesorpublicfloggingsofanyofthecountlessotherbarbaricpracticeswhichwerecommoninthepast.Prisonsarenolongerthegrimforbiddingplacestheyusedtobe.Socialwelfaresystemsareinoperationinmanypartsoftheworld.Bigeffortsarebeingmadetodistributewealthfairly.Thesechangeshavecomeaboutnotbecausehumanbeingshavesuddenlyandunaccountablyimprovedbutbecausepositivestepsweretakentochangethelaw.Thelawisthebiggestinstrumentofsocialchangethatwehaveanditmayexertgreatcivilizinginfluence.Ifwebanneddangerousandviolentsportswewouldbemovingonestepfurthertoimprovingmankind.Wewouldrecognizethatviolenceisdegradingandunworthyofhumanbeings.TheauthormentionstheoldRomans______.
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Itwasthesummerof1965.DeLucathen17visitedPeterBuckafamilyfriend.BuckaskedDeLucaabouthisplansforthefuture.I’mgoingtocollegebutIneedawaytopayforitDeLucarecallssaying.BucksaidYoushouldopenasandwichshop.Thatafternoontheyagreedtobepartners.Andtheysetagoal.toopen32storesintenyears.AfterdoingsomeresearchBuckwroteacheckfor$1000.DeLucarentedastorefront店面inConnecticutandwhentheycouldn’tcovertheirstart-upcostsBuckkickedinanother$1000.Butbusinessdidn’tgosmoothlyastheyexpected.DeLucasaysAftersixmonthsweweredoingpoorlybutwedidn’tknowhowbadlybecausewedidn’thaveanyfinancialcontrols.AllheandBuckknewwasthattheirsaleswerelowerthantheircosts.DeLucawasmanagingthestoreandgoingtotheUniversityofBridgeportatthesametime.BuckwasworkingathisdayjobasanuclearphysicistinNewYork.They’dmeetMondayeveningsandbrainstormideasforkeepingthebusinessrunning.Weconvincedourselvestoopenasecondstore.WefiguredwecouldtellthepublicWearesosuccessfulweareopeningasecondstore.Andtheydid-inthespringof1966.Stillitwasalotoflearningbytrialanderror.Butthepartnerslearn-as-you-goapproachturnedouttobetheirgreateststrength.EveryFridayDeLucawoulddrivearoundandhand-deliverthecheckstopaytheirsuppliers.Itprobablytookmetwoandahalfhoursanditwasn’tnecessarybutasaresultthesuppliersgottoknowmeverywellandthepersonalrelationshipsestablishedreallyhelpedoutDeLucasays.Andhavingagoalwasalsoimportant.Therearesomanyproblemsthatcangetyoudown.YoujusthavetokeepworkingtowardyourgoalDeLucaadds.DeLucaendedupfoundingSubwaySandwichthemultimillion-dollarrestaurantchain.DeLucaopenedthefirstsandwichshopinorderto______.
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