[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-20-031":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-20-031","20",31,"王小明期初花了 5 元的權利金買入一檔台積電的歐式買權，其履約價格為 120 元，買權到期時，台積電股價為 130元，在不考慮時間價值下，請問王小明在此檔買權的投資損益為何？",[13,14,15,16],"賠 5 元","賠 10 元","賺 5 元","賺 10 元",2,"衍生性商品概論",1,"買權買方的到期損益等於內含價值減去期初付出的權利金。履約價 120 元、到期股價 130 元，買權處於價內，行使權利以 120 元買進、按 130 元市價賣出，內含價值為 130－120 ＝ 10 元；扣掉期初支付的 5 元權利金，淨損益為 10－5 ＝ 5 元，故選 (C)。損益兩平點是 120 ＋ 5 ＝ 125 元，股價要高於此才真正獲利。(A) 賠 5 元是股價跌破履約價、放棄行使時的最大損失。(B) 賠 10 元超過權利金，買方損失有限不可能發生。(D) 賺 10 元漏扣了權利金成本，只算到內含價值。","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？",26,1785157763486]