[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-deriv_prac-20-037":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-20-037","20",37,"下列何種市場行情的變動會使投資人產生或有損失？",[13,14,15,16],"賣出買權，現貨價格下跌","賣出賣權，現貨價格下跌","買入買權，現貨價格上升","賣出賣權，波動率下降",1,"衍生性商品概論","或有損失指的是部位在特定行情下會被迫承擔的潛在虧損，關鍵在「賣方」這個角色：收了權利金就有無條件履約的義務。(B) 賣出賣權的人必須在買方行使時以履約價買進標的，現貨價格跌得越深，買進後的帳面虧損越大，理論上可以一路虧到標的價格歸零，故選它。(A) 賣出買權碰上現貨下跌，買方不會行使權利，賣方安穩賺走權利金。(C) 買入買權遇到現貨上升正是預期中的有利情境，可以獲利了結。(D) 賣出賣權時波動率下降會使選擇權價值縮水，對收權利金的賣方有利，可低價買回平倉。","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？",26,1785157763562]