[{"data":1,"prerenderedAt":45},["ShallowReactive",2],{"q-sec_sr_invest-115-2-008":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」)","c3",{"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-115-2-008","115-2",8,"假設有一債券的存續期間為 10，當時的殖利率(YTM)為 5%，請問當其 YTM 變動 1bp 時，該債券價格變動的百分比為何？",[13,14,15,16],"10%","200%","0.072468%","0.095238%",3,"債券投資與評價",1,"債券價格對殖利率變動的敏感度要用修正後存續期間衡量：修正後存續期間 ＝ 存續期間 ÷（1＋殖利率）＝ 10 ÷ 1.05 ＝ 9.5238。價格變動百分比 ≒ 修正後存續期間 × 殖利率變動幅度，而 1bp（基本點）等於 0.01%，也就是 0.0001，故 9.5238 × 0.0001 ＝ 0.095238%，選 (D)。(A) 10% 是直接把存續期間當成百分比，(B) 200% 量級完全錯誤，兩者都忽略了利率只變動 1bp 這個極小幅度。(C) 0.072468% 不對應本題算式。殖利率上升時價格下跌。","hard",[23,26,30,34,38,41],{"id":24,"question":25,"qno":19},"sec_sr_invest-114-3-001","有關政府債券的敘述，何者「正確」？",{"id":27,"question":28,"qno":29},"sec_sr_invest-114-3-005","影響債券違約風險的描述，何者為「真」？",5,{"id":31,"question":32,"qno":33},"sec_sr_invest-114-3-006","某上市公司最近將其先前所發行之公司債贖回後再發行新債，請問其主要原因可能為何？",6,{"id":35,"question":36,"qno":37},"sec_sr_invest-114-3-007","甲公司發行一永續債券，票面利率為 6%，每張面額 10 萬元，若目前同類型債券可提供7%，請問其發行價格應為：",7,{"id":39,"question":40,"qno":10},"sec_sr_invest-114-3-008","當發行公司預期市場呈下列何種趨勢時，將發行浮動利率債券來籌措資金？",{"id":42,"question":43,"qno":44},"sec_sr_invest-114-3-009","債券組合管理中的免疫策略（Immunization Strategies）可規避何種風險？",9,1785904143883]