[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_invest-115-2-030":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"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」)","c4",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":17,"explanation":19,"difficulty":20},"sec_sr_invest-115-2-030","115-2",30,"公司執行高股票股利政策時，可能會造成怎樣的影響？",[13,14,15,16],"股本不變","盈餘被稀釋","EPS 上升","股本減少",1,"股票評價與基本分析","發放股票股利是把保留盈餘轉為股本，股東拿到的是新股而不是現金，流通在外股數因此增加，但公司的獲利總額並沒有同步成長，每股盈餘被更多的股數分母攤薄，也就是盈餘被稀釋，故選 (B)。(A) 錯誤，盈餘轉增資會使股本膨脹，不可能維持不變。(C) 錯誤，在稅後淨利不變的前提下，股數增加只會讓 EPS 下降而非上升。(D) 錯誤，股本減少發生在辦理減資或註銷庫藏股時，與配發股票股利的方向相反。長期採高股票股利政策的公司，若獲利成長速度追不上股本膨脹速度，EPS 與股價都會承受壓力。","easy",[22,26,30,34,38,42],{"id":23,"question":24,"qno":25},"sec_sr_invest-114-3-015","當國外大型塑膠廠發生火災時，對國內生產同產品之塑膠類股股價的影響為何？",15,{"id":27,"question":28,"qno":29},"sec_sr_invest-114-3-017","其他因素不變下，新臺幣升值會引起進口物價：",17,{"id":31,"question":32,"qno":33},"sec_sr_invest-114-3-018","經濟的「痛苦指數」是指：",18,{"id":35,"question":36,"qno":37},"sec_sr_invest-114-3-019","價值型股票通常具有什麼特性？",19,{"id":39,"question":40,"qno":41},"sec_sr_invest-114-3-034","老王對甲公司與乙公司股票之要求報酬率為 12%，而預期兩股票均可在未來一年發放 2 元之現金股利，而甲公司每年股利可成長 9%，乙公司可成長 8%，則甲股票之價格應較乙股票：",34,{"id":43,"question":44,"qno":45},"sec_sr_invest-114-3-035","在股東權益報酬率(ROE)小於資金成本率(K)且為正數的情況下，當公司把盈餘保留率提高時，下列何者正確？",35,1785904144110]