[{"data":1,"prerenderedAt":43},["ShallowReactive",2],{"q-sitca_invest-115-2-036":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","c2",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sitca_invest-115-2-036","115-2",36,"如果經理人員要深入瞭解屬下所提出淨現值為正的投資計畫，則最應：",[13,14,15,16],"要求屬下作預測時不能有任何錯誤","要求屬下再計算內部報酬率","找出淨現值為正的原因","檢查屬下有無計算錯誤",2,"貨幣時間價值與利率",1,"淨現值為正代表預期報酬超過資金成本,但在競爭市場中超額報酬不會憑空出現,必然來自某種可持續的競爭優勢,例如技術領先、成本結構或通路。經理人該追問的是「這個正數從哪裡來」,說不出經濟上的理由,多半是現金流量預測太樂觀或折現率設得太低,數字再漂亮也不可信,故 (C) 正確。(A) 要求預測毫無誤差並不可行,未來現金流量本質上就帶有不確定性。(B) 內部報酬率只是同一組現金流量的另一種表達,對互斥計畫還可能誤導,再算一次不增加資訊。(D) 檢查計算錯誤只是基本核對,抓不出「假設不合理」這種真正的風險。","medium",[23,27,31,35,39],{"id":24,"question":25,"qno":26},"sitca_invest-114-3-022","理論上，證券價格的變動和利率的變動之間的關係為：",22,{"id":28,"question":29,"qno":30},"sitca_invest-115-2-008","投資人承作 20 天期附買回交易，利率為 1%，成交金額 1,000,000 元，扣繳稅率為 10%，則 20天後附條件交易到期金額為：",8,{"id":32,"question":33,"qno":34},"sitca_invest-115-2-038","在作資本預算決策時，攸關的稅率應為：",38,{"id":36,"question":37,"qno":38},"sitca_invest-115-2-048","關於投資計畫投資成本之決定，下列何者不正確？",48,{"id":40,"question":41,"qno":42},"sitca_invest-115-2-049","下列何者是在學理上採用租賃較佳的理由？",49,1785904155845]