[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-deriv_prac-19-059":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-19-059","19",59,"若 A 公司發行一種浮動利率債券，並向銀行買進「利率上限」(interest rate cap)合約以保護未來利率上漲的風險。已知名目本金是 2,000 萬元，1 年後到期，標的利率是 3M TAIBOR，每 3 個月結算一次，上限利率(cap rate)為 3%。假設 3 個月後，3M TAIBOR 為 3.2%，則銀行應支付多少金額給 A 公司？",[13,14,15,16],"0.8 萬元","1 萬元","1.2 萬元","1.3 萬元",1,"衍生性商品概論","利率上限實質上是一連串的利率買權：只有在結算日參考利率高於上限利率時，賣方（銀行）才依超出部分補償買方，等於替浮動利率負債的利息成本加上天花板。3 個月後 3M TAIBOR 為 3.2%，高於上限利率 3%，超出 0.2 個百分點；每 3 個月結算一次，計息期間 3\u002F12 年，補償金額＝2,000 萬×(3.2%−3%)×3\u002F12＝10,000 元，即 1 萬元，選 (B)。(A)(C)(D) 都無法由名目本金、利率差與計息期間推得。最常見的失分點是忘了乘 3\u002F12——報價利率是年率，季結算必須折算。","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？",26,1785157763113]