[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-18-029":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"deriv_prac","衍生性金融商品銷售人員資格測驗——衍生性金融商品概論與實務","c1",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"deriv_prac-18-029","18",29,"某一股票基金與股票指數期貨的相關係數為 0.825，股票基金的標準差為 0.4，股票指數期貨的標準差為 0.3，請問在風險最小化之避險比率為何？",[13,14,15,16],"0.9","1","1.1","1.2",2,"衍生性商品概論",1,"風險最小化避險比率的公式是相關係數乘以現貨標準差、再除以期貨標準差，代表每一單位現貨部位要用多少單位期貨去對沖。代入數字：0.825 × 0.4 ÷ 0.3 ＝ 1.1，故選 (C)。直覺上，基金的波動度 0.4 高於指數期貨的 0.3，一比一對沖並不夠，需要放大期貨部位；但兩者連動不完美，相關係數只有 0.825，又要把倍數往回收一些，兩股力量相抵後落在略高於 1 的水準。(B) 1 是誤以為一比一避險即可。(A) 0.9 與 (D) 1.2 都無法由題目給的三個數字組合推導出來，屬單純干擾。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"deriv_prac-18-017","δ(Delta)變動所引發選擇權價值變動的風險，係指下列何者？",17,{"id":28,"question":29,"qno":30},"deriv_prac-18-018","結算前風險可以區分為現有違約風險及潛在違約風險，關於違約風險，下列敘述何者錯誤？",18,{"id":32,"question":33,"qno":34},"deriv_prac-18-022","臺灣市場上所稱之「連動債」或「結構債」，其本質係屬於下列何者？",22,{"id":36,"question":37,"qno":38},"deriv_prac-18-024","台灣的某家進口廠商預期在 3 個月後須支付一筆歐元 100,000，在無做任何避險交易下，廠商所擔心的是，屆時台幣將會作何變化？",24,{"id":40,"question":41,"qno":42},"deriv_prac-18-025","「利率上限」(interest rate cap)簡稱為 Cap，以下敘述何者為正確？",25,{"id":44,"question":45,"qno":46},"deriv_prac-18-026","證券商與銀行可以利用「資產交換」的方式，將可轉換公司債分解成哪兩大部分？",26,1785157762021]