[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-futures_prac-115-2-049":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"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":17,"explanation":19,"difficulty":20},"futures_prac-115-2-049","115-2",49,"某農夫在 6 月時預測 9 月時至少可以收成 50,000 英斗黃豆，為了防止黃豆價格下降，決定賣黃豆期貨避險，價格為 7.35 美元／英斗。等到 9 月收成時，以每英斗 6.85 美元賣給當地穀倉，並於 6.90 美元／英斗平倉黃豆期貨，則農夫的淨銷售價應為每英斗多少美元？",[13,14,15,16],"6.4","7.3","6.85","6.9",1,"避險交易","賣出避險的淨銷售價，等於現貨售價加計期貨部位損益。農夫 6 月以 7.35 美元／英斗放空黃豆期貨，9 月以 6.90 美元平倉，期貨端獲利 7.35 － 6.90 ＝ 0.45 美元／英斗；現貨端以 6.85 美元／英斗賣給穀倉。合計淨銷售價為 6.85 ＋ 0.45 ＝ 7.30 美元／英斗，故選(B)。以 50,000 英斗計，期貨獲利 0.45 × 50,000 ＝ 22,500 美元，大致補回現貨跌價的損失。(C)只看現貨、漏掉期貨獲利；(D)是期貨平倉價，非銷售所得；(A)則把期貨獲利誤當損失反扣。","medium",[22,26,30,34,38,42],{"id":23,"question":24,"qno":25},"futures_prac-114-3-006","下列敘述哪一項是正確的？",6,{"id":27,"question":28,"qno":29},"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":31,"question":32,"qno":33},"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":35,"question":36,"qno":37},"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":39,"question":40,"qno":41},"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":43,"question":44,"qno":45},"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：",31,1785904152170]