[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-115-2-041":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_sr_finance","證券商高級業務員資格測驗——證券投資與財務分析(試卷「財務分析」)","c10",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_sr_finance-115-2-041","115-2",41,"甲公司去年度的銷售金額$40,000,000，其毛利率為 40%，若今年度估計銷售金額將成長 10%，其它毛利率及成本費用數字均不變，則其稅後淨利率有何變化？",[13,14,15,16],"將成長 10%","將成長 4%","成長將大於 10%","成長將小於 10%",2,"財務預測、成長與企業評價",1,"毛利率固定 40%,銷售由 4,000 萬增為 4,400 萬,毛利同步增為 1,760 萬,多出 160 萬;而成本費用的「數字」不變,是固定金額,不隨營收放大。淨利=毛利−固定費用,分子同樣多 160 萬,但淨利的基數比毛利小,成長率=160÷(1,600−費用)必然大於 160÷1,600=10%,故 (C) 正確。以固定費用 800 萬為例,淨利由 800 萬增為 960 萬,成長 20%,費用愈重放大愈明顯。(A) 10% 只有成本費用也等比成長才成立;(B) 4% 無對應算式;(D) 方向相反。","hard",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_sr_finance-114-3-021","假設負債的利率為 15%，稅率為 17%，則在計算融資租賃價值時應用的折現率為多少？",21,{"id":28,"question":29,"qno":30},"sec_sr_finance-114-3-022","回收期限法（Payback Period Rule）：",22,{"id":32,"question":33,"qno":34},"sec_sr_finance-114-3-024","下列何者不影響每期淨現金流量？",24,{"id":36,"question":37,"qno":38},"sec_sr_finance-114-3-043","下列何者會增加可轉換公司債的價值？",43,{"id":40,"question":41,"qno":42},"sec_sr_finance-114-3-044","一般來說，我們會用統計上的迴歸方法來估計：",44,{"id":44,"question":45,"qno":46},"sec_sr_finance-114-3-045","假設某一股票之報酬率在市場報酬率為正時，其皆為負，且市場報酬率為負時，它皆為正，則此股票的β 值(Beta)：",45,1785904146164]