[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-115-2-048":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-115-2-048","115-2",48,"投資計畫採還本法評估其可行性，下列何者為其缺點？",[13,14,15,16],"未考慮投資規模及還本後的現金流量","未考慮風險","未考慮貨幣時間價值","選項(A)(B)(C)皆是",3,"財務預測、成長與企業評價",1,"還本法只計算累積現金流入回收原始投資所需的年數,年數愈短愈好,這種算法一次犯了三個毛病,故 (D) 正確。(A) 只看回收速度、不看投資規模,也不理會回收之後的現金流量——快速回本但之後沒有進帳的案子,可能反而勝過回收稍慢卻長期穩定獲利的案子。(B) 沒有任何機制反映風險高低,高風險與低風險的計畫只要回收年數相同就被視為一樣好。(C) 把第一年的 1 元與第五年的 1 元當成等值直接相加,未經折現,忽略貨幣時間價值。因此它只適合當流動性的輔助指標,決策仍應以淨現值法為主。","easy",[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)：",45,1785904146283]