[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-19-034":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-19-034","19",34,"如預期市場利率即將走升，應該如何操作？",[13,14,15,16],"賣出利率上限選擇權(Cap)","買入利率下限選擇權(Floor)","買入利率上限選擇權(Cap)","賣出利率下限選擇權(Floor)",2,"衍生性商品概論",1,"利率上限選擇權讓買方在市場利率高於履約利率時向賣方收取差額，等於替浮動利率負債的利息成本加上一層天花板。預期利率走升時買進 Cap，付出權利金換取上檔保護，利率真的漲上去就靠選擇權的收益抵銷增加的利息支出；萬一沒漲，損失也僅止於權利金，方向與風險都掌握得住。(A) 賣出 Cap 是在利率上漲時付錢給對手，方向完全相反且潛在損失沒有上限；(B) 買入 Floor 在利率跌破履約利率時才獲利，適合預期利率下跌或用來保護浮動利率資產；(D) 賣出 Floor 只在利率不跌時賺取權利金，押的是不跌而非上漲。","easy",[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？",26,1785157762820]