[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-2-016":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-115-2-016","115-2",16,"在逆向市場下，採取多頭避險，若基差絕對值變大，則：",[13,14,15,16],"期貨部位的獲利＜現貨部位的損失","期貨部位的獲利＞現貨部位的損失","期貨部位的獲利＝現貨部位的損失","選項(A)(B)(C)皆非",0,"避險交易",1,"逆向市場中現貨價高於期貨價，基差（現貨減期貨）為正值，絕對值變大即基差走擴，代表現貨相對期貨變得更貴。採多頭避險者手上是買進的期貨、未來還要買現貨，現貨變貴造成的成本增加大於期貨部位所賺的錢，兩邊無法完全抵銷，因此期貨部位的獲利小於現貨部位的損失，答案為 (A)。(B) 是基差縮小時才會出現的結果。(C) 只有基差完全不變的完美避險才成立。(D) 既然 (A) 已正確描述，即不應選此項。","hard",[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：",31,1785904151864]