[{"data":1,"prerenderedAt":35},["ShallowReactive",2],{"q-sitca_invest-114-3-050":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sitca_invest","投信投顧業務員資格測驗——證券投資與財務分析","c8",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sitca_invest-114-3-050","114-3",50,"下列何種情況會使決策者遞延一項淨現值為正的投資計畫?",[13,14,15,16],"無風險利率下降","投資計畫未來價值之不確定性減少","投資計畫未來價值之不確定性增加","投資計畫在初期產生之現金流入很大",2,"衍生性金融商品(期貨與選擇權)",1,"(C) 正確。依實質選擇權觀念,未來價值不確定性愈高,「等待」所含的選擇權價值愈大,即使 NPV 為正也可能值得遞延以獲取更多資訊。(A) 利率下降與 (B) 不確定性減少都降低等待價值,促使儘早投資;(D) 初期現金流入大代表早投資的機會成本高,更不該遞延。","hard",[23,27,31],{"id":24,"question":25,"qno":26},"sitca_invest-114-3-025","小花購買了履約價為 0.60 美元，每單位 0.06 美元權利金的加幣賣權，並假設每口選擇權合約規模為 50,000 加幣(單位)，購買當時的即期匯率為 0.61 美元，試計算每口選擇權的時間價值：",25,{"id":28,"question":29,"qno":30},"sitca_invest-114-3-048","下列何種金融工具不會改變一公司的資本結構?",48,{"id":32,"question":33,"qno":34},"sitca_invest-115-1-022","假設蓮花公司股價收盤為 38 元，其認購權證的價格為 6.4 元，行使比率為 1.2，則隔一交易日蓮花公司認購權證的最大漲幅為：",22,1784190278120]