[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-deriv_prac-18-037":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"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":17,"explanation":19,"difficulty":20},"deriv_prac-18-037","18",37,"請問下列何種因素改變將使外匯選擇權之賣權市價（權利金）上升？",[13,14,15,16],"標的物市價上升","市場標的物價格波動程度上升","履約價格降低","契約期間縮短",1,"衍生性商品概論","波動率是唯一對買權與賣權「同向」加分的因子。市場價格波動程度上升，代表到期時標的落在深度價內的機率變大，而選擇權買方最大損失僅限於權利金，上檔獲利卻無上限，這種損益不對稱使得波動變大一定讓權利金上升，賣權也不例外，故 (B) 正確。(A) 標的市價上升會讓賣權更價外，履約機會下降，權利金反而變便宜。(C) 履約價格降低表示賣方能賣出的價格變低，賣權的內含價值與履約機率同時下滑，權利金下跌。(D) 契約期間縮短會使時間價值隨到期日逼近而流失，權利金只會遞減。記住：只有波動率上升是買權賣權通吃的利多。","easy",[22,26,30,34,38,42],{"id":23,"question":24,"qno":25},"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":27,"question":28,"qno":29},"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":31,"question":32,"qno":33},"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":35,"question":36,"qno":37},"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":39,"question":40,"qno":41},"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":43,"question":44,"qno":45},"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？",26,1785157762129]