[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-114-3-008":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"futures_prac","期貨商業務員資格測驗——期貨交易理論與實務","c3",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-114-3-008","114-3",8,"最小風險避險比例（最佳避險比例）的估計式為 h，例如 h＝－0.5，試問「－」符號之意義為何？",[13,14,15,16],"表示期貨部位與現貨部位相反","表示賣空期貨契約","表示期貨部位將產生虧損","表示買進期貨契約",0,"避險交易",1,"最小風險避險比例h係由現貨與期貨價格變動迴歸的斜率Cov(ΔS,ΔF)\u002FVar(ΔF)估得,其正負號代表兩者的連動方向。h=−0.5表示期貨部位須與現貨部位「反向」建立(現貨為多則放空期貨、現貨為空則作多期貨),且每單位現貨僅需0.5單位期貨,方能抵銷風險,故(A)正確。(B)負號僅表方向,若現貨為空頭反而要買進期貨,並非一定賣空;(C)負號與期貨端是否虧損無關,避險本就靠一端虧損抵另一端獲利;(D)同理不必然是買進。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-006","下列敘述哪一項是正確的？",6,{"id":28,"question":29,"qno":30},"futures_prac-114-3-007","券商若發行指數型認購權證（Call Warrant），可在指數上漲時如何操作指數期貨避險？",7,{"id":32,"question":33,"qno":34},"futures_prac-114-3-009","智利礦商賣出銅期貨避險，何者會造成避險的不完全？",9,{"id":36,"question":37,"qno":38},"futures_prac-114-3-010","某廠商必須進口小麥，為了避險買進了 10 口小麥期貨，每口契約規格為 5,000 蒲氏爾(Bushels)。若基差由+40 美分放大為+60 美分，則避險的損益為何？",10,{"id":40,"question":41,"qno":42},"futures_prac-114-3-031","臺灣企業在瑞士發行以美元 SOFR 計息的浮動利率美元債券，如要確定每次付息的新臺幣金額，該企業應操作：",31,{"id":44,"question":45,"qno":46},"futures_prac-114-3-032","小華預期股票市場將上漲，同時預期一部分股票將下跌，小華應如何降低此部分股票對於賺取市場上漲報酬的負面影響？",32,1787293965421]