[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_invest-114-3-022":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_sr_invest","證券商高級業務員資格測驗——證券投資與財務分析(試卷「投資學」)","c7",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_sr_invest-114-3-022","114-3",22,"請問零β（zero-beta）證券的期望報酬是：",[13,14,15,16],"市場報酬率","零報酬率","負的報酬率","無風險利率",3,"資本資產訂價模式與套利訂價理論",1,"(D) 對：零β證券與市場報酬毫無連動(系統風險為零)，依 CAPM，期望報酬＝rf＋0×(Rm−rf)＝rf，故其期望報酬等於無風險利率。(A) 市場報酬率對應 β＝1；(B)(C) 零報酬或負報酬並非 β＝0 的結論，投資人仍應獲得無風險利率的補償。","hard",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_sr_invest-114-3-020","假設稻禾公司目前的股價為 200 元，預期一年後可漲至 222 元，無風險利率為 2%，該股票β值(Beta)為 1.5，則市場投資組合之預期報酬率應為多少？",20,{"id":28,"question":29,"qno":30},"sec_sr_invest-114-3-023","哪一項「不是」資本市場理論的基本假設？",23,{"id":32,"question":33,"qno":34},"sec_sr_invest-114-3-024","下列對市場投資組合之描述，何者「正確」？甲.其β值(Beta)等於 1；乙.其期望報酬率較任何個別證券低；丙.其報酬率標準差較任何個別證券低；丁.其包含了市場上所有的證券",24,{"id":36,"question":37,"qno":38},"sec_sr_invest-114-3-045","已知一最適風險投資組合，其期望報酬率為 12%，標準差為 26%，若無風險利率為 5%，請問其最適（feasible）資本市場線的斜率約為？",45,{"id":40,"question":41,"qno":42},"sec_sr_invest-114-3-046","某證券之期望報酬率為 12.5%，β值為 1.15。若市場組合期望報酬率為 10%，無風險利率為5%，則根據 CAPM 模式，此證券為：",46,{"id":44,"question":45,"qno":46},"sec_sr_invest-114-3-047","由無風險利率和風險溢酬組成，描述預期報酬率和多個因子存在線性關係的理論是：",47,1783661229377]