[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-20-040":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-20-040","20",40,"某券商發行了一個 1 年期結構型債券，發行價為 94%，該債券到期償還金額 = 面額 × [1+95% × Max(0,台灣加權指數年成長率-20%)]，若投資人購買上述債券，1 年後的年報酬率至少會是多少？",[13,14,15,16],"6.00%","5.00%","6.38%","5.26%",2,"衍生性商品概論",1,"求最低報酬要抓最壞情境：公式裡的 Max(0， 指數成長率−20%)，只要一年內台股漲幅未超過 20% 就等於 0，到期只拿回面額 100%，這是保本的底線。投資人用 94% 的價格買進、一年後領回 100%，報酬率＝(100−94)÷94＝6.38%，故選 (C)。(A) 6.00% 是把 6% 的價差直接除以面額 100，分母沒用實際投入的 94。(B) 5.00% 與 (D) 5.26% 則是把發行價誤當 95% 計算，與 94% 不符。折價發行本身就鎖住最低收益，選擇權只是額外的向上參與。","medium",[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？",26,1785157763580]