[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-18-050":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-18-050","18",50,"選擇權的 Vega 風險是指下列何者？",[13,14,15,16],"選擇權標的物變動一單位時，選擇權權利金將會變動的幅度","因選擇權的 Delta 變動所形成的風險","選擇權標的物的現貨價格波動程度 1%時，選擇權權利金變動的幅度","當到期日逐日逼近時，選擇權權利金降低的幅度",2,"衍生性商品概論",1,"Vega 衡量的是選擇權權利金對「波動率」的敏感度，也就是標的現貨價格的波動程度每變動一個百分點時，權利金會跟著變動多少，故 (C) 正確。因為買方的損失以權利金為上限、獲利空間卻很大，波動變大對買權與賣權都有利，所以買方部位的 Vega 為正、賣方為負。(A) 描述的是 Delta，衡量標的價格變動一單位對權利金的影響。(B) 是 Gamma，衡量 Delta 本身的變動速度。(D) 是 Theta，也就是時間價值隨到期日逼近而流失的速度。四個希臘字母各盯一個變數，別互相張冠李戴。","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？",26,1785157762260]