根据《证券法》规定，公开发行公司债券，发行人累计债券余额不超过公司净资产的 （)。

Part V Writing (30 minutes)

Directions: For this part，you are allowed thiety minutes to write a com position on the topic： The Tape Recorder

Ⅵ. Writing (25 points)

Directions: For this part, you are supposed to write a composition Health in 100-120 words based on the following topic sentences. Remember to write it clearly.

(1) Health is the foundation of one's future success.

(2) How can you have good health？

(3) In a word, nothing is more valuable than health.

Part Ⅴ Writing (30 minutes)

Directions:For this part,you are allowed thirty minutes to write a composition on the topic It Pays to Be Honest.You should write at least 120 words according to the outline given below in Chinese:

1.当前社会上存在着许多不诚实的现象

2.诚实利人利己，做人应该诚实

It Pays to Be Honest