[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-fin_plan_tools-46-022":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"fin_plan_tools","理財規劃人員專業能力測驗——理財工具","c5",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"fin_plan_tools-46-022","46",22,"假設其他因素固定不變，下列那一項會降低股票之本益比？",[13,14,15,16],"股利率下降","股票的β值下降","利率下降","市場的風險溢酬下降",0,"股票投資",1,"本益比可近似表示為「股利發放率÷(要求報酬率−盈餘成長率)」。(A)股利發放率下降會使分子變小,在其他條件不變下本益比隨之下降,符合題意,正解為(A)。相對地,(B)β值下降、(C)利率下降、(D)市場風險溢酬下降,都會降低投資人對該股票的要求報酬率,使公式分母變小,反而推升本益比,方向與題目要求的「降低」相反。因此唯有從分子端下手的股利發放率下降會壓低本益比,故選(A),其餘三者皆使本益比上升。","hard",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"fin_plan_tools-46-020","台灣股票交易中，下列何者為一般交易與盤後定價交易之最大差別？",20,{"id":28,"question":29,"qno":30},"fin_plan_tools-46-021","下列何項非屬財務比率分析？",21,{"id":32,"question":33,"qno":34},"fin_plan_tools-46-023","有關股票評價之高登模式(Gordon)，下列何者正確？",23,{"id":36,"question":37,"qno":38},"fin_plan_tools-46-024","B 公司今年度每股現金股利 5 元，且股利成長率為 4%，乙股東要求之股票報酬率為 12%，預期每股盈餘 2.5元，依現金股利折現模式計算，其本益比應為何？",24,{"id":40,"question":41,"qno":42},"fin_plan_tools-46-025","依 CAPM 方法，假設某股票之β(Beta)係數為 2，股市的預期報酬率為 15%，無風險利率為 5%，則該股票報酬率為下列何者？",25,{"id":44,"question":45,"qno":26},"fin_plan_tools-47-020","由下往上之股票分析模式主要適用何種市場情況？",1787293949267]