[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-1-015":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"futures_prac","期貨商業務員資格測驗——期貨交易理論與實務","c3",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-115-1-015","115-1",15,"交易人持有現貨部位價值 St，同時，賣空等值期貨價格為 Ft。一直持有到期，試問於到期日時，交易人資產價值為何？（其中當時時間為 t，到期日為 T）",[13,14,15,16],"FT","FT－ST","ST－FT","FT＋ST",0,"避險交易",1,"資產=現貨到期值+空頭期貨損益=S_T+(F_t−F_T)。到期時期現收斂F_T=S_T，故=S_T+F_t−S_T=F_t，即當初鎖定的期貨價，選(A)。此即完全避險把價值鎖在F_t，與後續現貨漲跌無關。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-006","下列敘述哪一項是正確的？",6,{"id":28,"question":29,"qno":30},"futures_prac-114-3-007","券商若發行指數型認購權證（Call Warrant），可在指數上漲時如何操作指數期貨避險？",7,{"id":32,"question":33,"qno":34},"futures_prac-114-3-008","最小風險避險比例（最佳避險比例）的估計式為 h，例如 h＝－0.5，試問「－」符號之意義為何？",8,{"id":36,"question":37,"qno":38},"futures_prac-114-3-009","智利礦商賣出銅期貨避險，何者會造成避險的不完全？",9,{"id":40,"question":41,"qno":42},"futures_prac-114-3-010","某廠商必須進口小麥，為了避險買進了 10 口小麥期貨，每口契約規格為 5,000 蒲氏爾(Bushels)。若基差由+40 美分放大為+60 美分，則避險的損益為何？",10,{"id":44,"question":45,"qno":46},"futures_prac-114-3-031","臺灣企業在瑞士發行以美元 SOFR 計息的浮動利率美元債券，如要確定每次付息的新臺幣金額，該企業應操作：",31,1783661236519]