[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-deriv_prac-20-038":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-20-038","20",38,"當投資人買入股價選擇權之賣權時，股價變動的方向何者對其有利？",[13,14,15,16],"股價大漲","股價下跌","股價持平","不一定",1,"衍生性商品概論","賣權買方取得的是「以履約價賣出標的」的權利，股價跌得越低，用高於市價的履約價出脫就越划算，內含價值等於履約價減去股價，因此股價下跌對其有利，選 (B)。這也是持有現股的投資人常買進賣權替部位買保險的原因：股價下跌時賣權的獲利可以抵銷現股的損失，而最大損失就是期初付出的權利金。(A) 股價大漲時賣權淪為價外，到期毫無價值，買方認賠權利金。(C) 股價持平不動，賣權會隨到期日接近而流失時間價值，同樣不利。(D) 有利的方向是確定的，並非不一定。","easy",[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？",26,1785157763568]