[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-deriv_prac-19-027":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-19-027","19",27,"甲銀行發行以 S&P 500 股價指數為連結標的之 4 年期結構商品，票面利率 2%，每半年付息一次，到期償還金額公式： 面額×〔1 + 92.2%×Max (0, 8.5% - S&P 500 股價指數成長率)〕。到期償還金額公式可以看出，此商品連結的選擇權為：",[13,14,15,16],"買權","賣權","放棄權","轉換權",1,"衍生性商品概論","到期償還的加項為 Max(0， 8.5%−指數成長率)：指數漲得越少甚至下跌，差額越大，領回越多；成長率一旦超過 8.5%，Max 取 0，只拿回面額。以面額一百萬元試算，指數下跌 20% 時領回 1,000,000×〔1＋92.2%×0.285〕＝1,262,770 元；成長率 20% 時只領回面額。這種「標的下跌才有價值、履約點在 8.5%」的損益型態，正是買進賣權的特徵，92.2% 則是參與率。(A) 買權的加項應寫成 Max(0， 指數成長率−履約點)，方向相反；(C)(D) 並非選擇權的多空分類。","medium",[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？",26,1785157762744]