[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_invest-115-2-046":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」)","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_invest-115-2-046","115-2",46,"有關選擇權之敘述，何者「正確」？",[13,14,15,16],"選擇權的買方須繳交保證金","選擇權的買方風險無限","選擇權之賣方潛在獲利無限","選擇權的買方須繳交權利金",3,"選擇權評價與交易策略",1,"選擇權買方支付權利金，換得將來「要不要履約」的權利，除了付權利金以外沒有其他義務，故（D）正確。（A）錯誤，須繳交保證金的是賣方，因為賣方負有被履約時必須履行的義務，須以保證金確保履約能力，買方無義務自然不必繳。（B）錯誤，買方的最大損失就是已付出的權利金，風險有限，獲利空間卻很大。（C）錯誤，賣方的最大獲利就是收到的權利金，獲利有限；反倒是賣出買權後標的價格上漲沒有上限，賣方的潛在損失才可能無限。權利與義務、權利金與保證金的對應關係，是選擇權最基本也最常考的觀念。","easy",[23,27,31,35,39,42],{"id":24,"question":25,"qno":26},"sec_sr_invest-114-3-050","下列哪一種變化不會使買權的價值隨之增加？",50,{"id":28,"question":29,"qno":30},"sec_sr_invest-115-1-023","假設目前市場上對於 VR(虛擬實境)很看好，所以投資人對於從事 VR 的白水木公司股價看多，如果當你也認同時，請問以下幾種方式，可以讓你獲利？I.買入白水木公司買權；II.買入白水木公司賣權；III.賣出白水木公司買權；IV.賣出白水木公司賣權",23,{"id":32,"question":33,"qno":34},"sec_sr_invest-115-1-026","假設前一營業日 H 公司股價收盤為 30 元，其認購權證之履約價格為 25 元，權利金為 3.5 元，若執行比例為 1.3，請問今天 H 公司權證之最大上漲幅度為：",26,{"id":36,"question":37,"qno":38},"sec_sr_invest-115-1-049","理論上，其他條件不變下，當市場利率下跌則認購權證價格會：",49,{"id":40,"question":41,"qno":26},"sec_sr_invest-115-1-050","小王支付 10 元之權利金買進一賣權，該賣權履約價格為 100 元，請問標的物價格為多少時，才能使小王損益兩平？",{"id":43,"question":44,"qno":45},"sec_sr_invest-115-2-047","某證券公司發行一年期結構型債券(Structured Notes)的贖回金額公式如下：贖回金額＝投資本金×{1＋Max [5%,(10%×S&P500 指數成長率)]}下列有關此債券的敘述，何者為正確？",47,1785904144240]