[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-deriv_prac-20-058":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-20-058","20",58,"某一檔債券允許發行銀行於債券發行滿一年之後，可以隨時將債券買回，向投資人買回的金額訂為：債券面額×〔1+4.5%〕。此債券相當於提供給發行銀行一個：",[13,14,15,16],"歐式買權","美式買權","歐式賣權","美式賣權",1,"衍生性商品概論","發行滿一年之後可以隨時買回，兩個關鍵字要分開判讀。買回的權利握在發行銀行手上，可依約定金額取得標的債券，方向是買進，所以是買權；行使時點不限於到期日當天，滿一年後任何時間都能執行，屬於美式，因此這檔可贖回債券等於投資人賣了一個美式買權給發行銀行，故選 (B)。(A) 歐式買權只能在到期日當天執行，與隨時可買回不符。(C)(D) 方向錯誤，賣權是持有者有權把標的賣給對方，若改成投資人有權要求提前贖回，那才是賣權。投資人賣出這個權利，換得的是較高的票面利率。","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？",26,1785157763775]