[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-19-060":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-19-060","19",60,"假設目前股價指數為 7200，一檔與股價指數連結的半年期優利型結構債券，其發行價格為$94.32。如果到期當天股價指數不超過 8000，此債券償還面額為$100，否則償還金額等於$100 × (8000\u002F到期股價指數)。若到期時指數為 8,200，則投資人的年報酬率大約為多少？",[13,14,15,16],"0.87%","2.87%","4.87%","6.87%",3,"衍生性商品概論",1,"這檔優利型結構債券折價發行、到期依指數表現還本，投資人賺的是買價與償還金額的價差。發行價 $94.32，到期指數 8,200 已超過 8,000，保護條款失效，償還金額＝100×(8000÷8200)＝$97.5610。半年期報酬率＝97.5610÷94.32−1＝3.4361%；持有期僅半年，年報酬率＝3.4361%×2≒6.87%，選 (D)。(A) 0.87%、(B) 2.87%、(C) 4.87% 都無法由上述算式導出，與正解只差整數位，屬干擾。另注意：指數越過 8,000 後，償還金額會隨指數上漲而遞減。","hard",[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？",26,1785157763135]