[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_invest-115-2-013":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-115-2-013","115-2",13,"發行 10 年到期的公債，票面利率為 8%，目前之到期殖利率為 12%，若利率維持不變，則一年後此債券之價格將：",[13,14,15,16],"上漲","下跌","不變","無法判定",0,"債券投資與評價",1,"票面利率 8% 低於到期殖利率 12%，代表這是一張折價債券，目前市價低於面額。債券到期時必定按面額償還，因此在殖利率維持不變的前提下，折價債券的價格會隨著到期日逼近而逐步向面額靠攏，也就是往上漲，一年後價格會比現在高，故選 (A)。這種單純因時間經過而產生的價格移動，稱為拉回面額效應，是折價債券報酬的重要來源。反之，票面利率高於殖利率的溢價債券，價格會隨時間下跌回到面額。(B) 方向相反；(C) 只有票面利率等於殖利率的平價債券才會維持不變；(D) 題目條件已足以判斷。","medium",[23,26,30,34,38,42],{"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":41},"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？",8,{"id":43,"question":44,"qno":45},"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？",9,1785904143947]