[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-19-058":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-19-058","19",58,"甲銀行以 5 元的權利金賣出一檔台積電的歐式買權給投資人，其履約價格為 120 元，買權到期時，台積電股價為 123元，在不考慮貨幣的時間價值下，請問甲銀行在此檔買權的損益為何？",[13,14,15,16],"賠 2 元","賠 5 元","賺 2 元","賺 5 元",2,"衍生性商品概論",1,"賣出買權的損益結構是：先把權利金收進來，之後若買方履約就得認賠內含價值，因此最大獲利就是權利金，下檔風險則無上限。到期時股價 123 元高於履約價 120 元，買方當然履約，銀行須付出 123−120＝3 元的價差；扣掉一開始收到的 5 元權利金，銀行損益＝5−3＝賺 2 元，選 (C)。賣方的損益兩平點在 120＋5＝125 元，股價要漲過 125 元銀行才真的開始虧錢，123 元尚未越過這條線。(B) 賠 5 元、(D) 賺 5 元分別是把權利金全賠或全數留下；(A) 賠 2 元則是買方的損益，方向剛好相反。","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？",26,1785157763103]