[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_finance-115-2-045":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-115-2-045","115-2",45,"某投資計畫每年產生稅後盈餘 2,000 萬元，其投資成本為 1 億元，年限為 10 年，無殘值，其會計報酬率為：",[13,14,15,16],"100%","50%","40%","20%",2,"財務預測、成長與企業評價",1,"會計報酬率(平均報酬率)=年平均稅後盈餘÷平均投資額,關鍵在分母是平均投資額而非原始投資。資產逐年折舊,帳面投入由 1 億元遞減至殘值 0,平均只佔用一半資金:(100,000,000+0)÷2=50,000,000,故 20,000,000÷50,000,000=40%,(C) 正確。(D) 20% 是分母直接用原始投資 1 億元(20,000,000÷100,000,000),漏了平均投資的調整;(B) 50%、(A) 100% 均無對應算式。另需留意此法採會計盈餘而非現金流量,又不折現,只能當粗略篩選指標。","medium",[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":10},"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)：",1785904146229]