[{"data":1,"prerenderedAt":218},["ShallowReactive",2],{"past-sec_sr_invest-115-1":3},{"examName":4,"questions":5},"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」)",[6,11,16,20,25,29,33,38,42,47,51,55,59,63,67,71,75,80,85,90,94,98,103,108,112,116,120,124,128,133,137,141,145,149,153,157,161,165,169,173,177,181,185,189,194,198,202,206,210,214],{"id":7,"qno":8,"question":9,"chapter":10},"sec_sr_invest-115-1-001",1,"下列有關特別股的敘述何者正確？","投資概論與證券市場",{"id":12,"qno":13,"question":14,"chapter":15},"sec_sr_invest-115-1-002",2,"假設小何所擁有的資金在過去一年賺取了 8%的名目利率，該期間通貨膨脹率為 4%，請問小何的實際購買力成長了多少？","貨幣時間價值與利率理論",{"id":17,"qno":18,"question":19,"chapter":10},"sec_sr_invest-115-1-003",3,"某甲半年前買進了廣達股票 1 張，每股成本為 100 元，持股期間獲發股票股利 5 元，目前股價為120 元，請問這半年以來某甲的投資報酬率為多少？(忽略交易成本)",{"id":21,"qno":22,"question":23,"chapter":24},"sec_sr_invest-115-1-004",4,"下列何者列有對債權人較為有利之條款？甲.可轉換公司債；乙.可贖回公司債；丙.附認股權公司債","債券投資與評價",{"id":26,"qno":27,"question":28,"chapter":24},"sec_sr_invest-115-1-005",5,"甲、乙兩種具有相同票面利率，面額及到期殖利率之中央政府債券，目前均屬溢價債券，若甲債券尚餘 4 年到期，乙債券尚餘 2 年到期，則：",{"id":30,"qno":31,"question":32,"chapter":24},"sec_sr_invest-115-1-006",6,"一般而言，公司債贖回條款(call provision)中的贖回溢價(call premium)距到期日愈近會：",{"id":34,"qno":35,"question":36,"chapter":37},"sec_sr_invest-115-1-007",7,"道氏理論中，告訴投資人主要的市場趨勢方向，是以下列何者來表達？","技術分析",{"id":39,"qno":40,"question":41,"chapter":24},"sec_sr_invest-115-1-008",8,"假設某甲買了一張三年期的抗通膨指數債券(TIPS)，票面金額 1,000 美元、債息率為 3%，若三年的通貨膨脹率分別為 10%、5%、3%，請問第一年某甲可得到的債息為多少美元？",{"id":43,"qno":44,"question":45,"chapter":46},"sec_sr_invest-115-1-009",9,"甲公司每年固定配發現金股利 4 元，不配發股票股利，其股票必要報酬率為 10%，若其貝它係數為1.1，在零成長之股利折現模式下，其股價應為：","股票評價與基本分析",{"id":48,"qno":49,"question":50,"chapter":46},"sec_sr_invest-115-1-010",10,"某股票在除權交易日前一天收盤價為 100 元，若盈餘轉增資配股率 15%，資本公積轉增資配股率10%，則除權參考價為：",{"id":52,"qno":53,"question":54,"chapter":37},"sec_sr_invest-115-1-011",11,"技術指標在 0 至 100 之間，會有死角（或鈍化）現象產生，但下列何者沒有此現象？",{"id":56,"qno":57,"question":58,"chapter":37},"sec_sr_invest-115-1-012",12,"所謂量價背離，指下列何項？",{"id":60,"qno":61,"question":62,"chapter":37},"sec_sr_invest-115-1-013",13,"下列有關葛蘭碧在 OBV 分析中提出的原則，何者錯誤？",{"id":64,"qno":65,"question":66,"chapter":46},"sec_sr_invest-115-1-014",14,"以會計之保守原則，下列何者較適合用來衡量股價是否低估？",{"id":68,"qno":69,"question":70,"chapter":46},"sec_sr_invest-115-1-015",15,"哪一比率常被認為是影響股票報酬率的基本面因素？甲.本益比；乙.淨值市價比；丙.公司規模大小",{"id":72,"qno":73,"question":74,"chapter":10},"sec_sr_invest-115-1-016",16,"下列何種股價指數最能模擬市場投資組合？",{"id":76,"qno":77,"question":78,"chapter":79},"sec_sr_invest-115-1-017",17,"在其他條件不變下，根據 CAPM，如果市場所有投資人預期通貨膨脹將會升高，則：","資本資產訂價模式與套利訂價理論",{"id":81,"qno":82,"question":83,"chapter":84},"sec_sr_invest-115-1-018",18,"變異數及貝它係數都可用來衡量風險，兩者不同之處在於：","風險與報酬",{"id":86,"qno":87,"question":88,"chapter":89},"sec_sr_invest-115-1-019",19,"下列敘述何者為非？","效率市場假說與行為財務",{"id":91,"qno":92,"question":93,"chapter":79},"sec_sr_invest-115-1-020",20,"已知某公司股票的β是 1.2，市場預期報酬率是 8%，銀行一年期定存利率是 3%，試問：該股票的風險貼水（risk premium）是多少？",{"id":95,"qno":96,"question":97,"chapter":10},"sec_sr_invest-115-1-021",21,"當 ETF 之市價大於淨值，存在套利機會時，套利者應如何操作？甲.買進一籃子股票；乙.賣出一籃子股票；丙.於市場上賣出 ETF；丁.於市場上買進 ETF",{"id":99,"qno":100,"question":101,"chapter":102},"sec_sr_invest-115-1-022",22,"假設目前臺灣證券交易所股價指數小型期貨（MTX）為 6,500 點，則其一口契約價值為新臺幣：","期貨與遠期契約",{"id":104,"qno":105,"question":106,"chapter":107},"sec_sr_invest-115-1-023",23,"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","選擇權評價與交易策略",{"id":109,"qno":110,"question":111,"chapter":24},"sec_sr_invest-115-1-024",24,"轉換公司債資產交換對證券商的優點，何者正確？甲.活絡證券商資金之運用；乙.承擔發行公司之信用風險以獲取較高收益",{"id":113,"qno":114,"question":115,"chapter":15},"sec_sr_invest-115-1-025",25,"利率期限結構是利用下列何者導出？",{"id":117,"qno":118,"question":119,"chapter":107},"sec_sr_invest-115-1-026",26,"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：",{"id":121,"qno":122,"question":123,"chapter":24},"sec_sr_invest-115-1-027",27,"下列有關公司債之敘述何者正確？",{"id":125,"qno":126,"question":127,"chapter":10},"sec_sr_invest-115-1-028",28,"發行海外存託憑證(Global Depositary Receipts,GDR)會使該公司之淨值總額如何變化？",{"id":129,"qno":130,"question":131,"chapter":132},"sec_sr_invest-115-1-029",29,"有一投資組合過去 10 年的平均年報酬率為 12%，標準差為 50%，無風險利率為 4%，貝他係數為1.2，請試算其夏普指數為多少？","投資績效評估與資產配置",{"id":134,"qno":135,"question":136,"chapter":24},"sec_sr_invest-115-1-030",30,"下列敘述何者正確？",{"id":138,"qno":139,"question":140,"chapter":24},"sec_sr_invest-115-1-031",31,"公司發行債券若欲分期償還債款，可以採行何種方式？甲.發行時訂定分期償還條款；乙.定期自市場中買回部分公司債；丙.設置償債基金",{"id":142,"qno":143,"question":144,"chapter":24},"sec_sr_invest-115-1-032",32,"發行面額$10,000 的 1 年期債券，每半年付息一次，其債息分別依序為$300 和$500，若目前同類型債券之市場殖利率為 10%，則當利率下跌 100bps 時該債券價格變動的金額約為多少？",{"id":146,"qno":147,"question":148,"chapter":24},"sec_sr_invest-115-1-033",33,"若甲公司可轉換公司債之轉換價格為 40 元，而甲公司股票之市價為 60 元，若目前該可轉債之市價為 160,000 元，請問是否有套利空間？",{"id":150,"qno":151,"question":152,"chapter":46},"sec_sr_invest-115-1-034",34,"甲公司股票淨值市價比(book-to-market ratio)是 5 倍，每股淨值是 20 元，則該股票市價值多少元？",{"id":154,"qno":155,"question":156,"chapter":46},"sec_sr_invest-115-1-035",35,"甲半導體公司每年發放一次股利，已知今年已發放現金股利 10,000 元，股利每年成長率固定為2%，市場對此類股票的必要報酬率為 8%，試問：該公司之股東權益總值應為多少？",{"id":158,"qno":159,"question":160,"chapter":37},"sec_sr_invest-115-1-036",36,"KD 指標中，D 線代表：",{"id":162,"qno":163,"question":164,"chapter":37},"sec_sr_invest-115-1-037",37,"當股價完成上升三角形整理後，通常會：",{"id":166,"qno":167,"question":168,"chapter":37},"sec_sr_invest-115-1-038",38,"漲跌比率 ADR 一般採用 10 日 ADR，其公式為 10 日內股票上漲累計家數（UP），除以 10 日內股票下跌累計家數（DOWN）。當 ADR 為 0.5 時，已知 UP 為 1,600 家時，求 DOWN 為多少家？",{"id":170,"qno":171,"question":172,"chapter":46},"sec_sr_invest-115-1-039",39,"其他因素不變，失業率上升對國內消費需求產生何種影響？",{"id":174,"qno":175,"question":176,"chapter":46},"sec_sr_invest-115-1-040",40,"基本分析常利用下列何種數值來評估普通股的價值？",{"id":178,"qno":179,"question":180,"chapter":10},"sec_sr_invest-115-1-041",41,"在一個固定時點下，日圓及歐元對美元貶值，我國以美元計算之外匯存底將：",{"id":182,"qno":183,"question":184,"chapter":46},"sec_sr_invest-115-1-042",42,"若某公司今年每股稅前盈餘是 10 元，公司所得稅率是 25%，該公司無特別股，已知該公司盈餘保留比率是 30%，則該公司股票今年每股可配多少元現金股利？",{"id":186,"qno":187,"question":188,"chapter":84},"sec_sr_invest-115-1-043",43,"甲證券的報酬率標準差等於 35%，乙證券的報酬率標準差等於 25%，則下列敘述何者正確？",{"id":190,"qno":191,"question":192,"chapter":193},"sec_sr_invest-115-1-044",44,"俊浩將其資金的 35%投資於預期報酬率(expected rate of return)為 0.18 且變異數(variance)為 0.10之風險性資產(risky asset)，剩下的 65%投資於報酬率為 0.04 之國庫券。試問：該投資組合的預期報酬率(expected rate of return)及標準差(standard deviation)各為多少？","投資組合理論(Markowitz)",{"id":195,"qno":196,"question":197,"chapter":79},"sec_sr_invest-115-1-045",45,"依資本市場理論，關於投資組合期望報酬率與風險，下列敘述何者正確？",{"id":199,"qno":200,"question":201,"chapter":10},"sec_sr_invest-115-1-046",46,"有關臺灣 50 單日正向 2 倍證券投資信託基金，以下敘述何者不正確？",{"id":203,"qno":204,"question":205,"chapter":132},"sec_sr_invest-115-1-047",47,"當投資者判斷市場處於空頭行情時，以下哪項策略不適合？",{"id":207,"qno":208,"question":209,"chapter":10},"sec_sr_invest-115-1-048",48,"採定期定額投資共同基金時，下列敘述何者正確？甲.當股價愈高時，可購得之基金單位數愈多；乙.當股價愈高時，可購得之基金單位數愈少；丙.當股價下跌時，可購得之基金單位數愈多；丁.當股價下跌時，可購得之基金單位數愈少",{"id":211,"qno":212,"question":213,"chapter":107},"sec_sr_invest-115-1-049",49,"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：",{"id":215,"qno":216,"question":217,"chapter":107},"sec_sr_invest-115-1-050",50,"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？",1783735641753]