[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-114-3-009":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-114-3-009","114-3",9,"智利礦商賣出銅期貨避險，何者會造成避險的不完全？",[13,14,15,16],"當銅現貨與銅期貨的相關係數為 1 時","避險後，基差沒有變動","期貨契約規格固定","若可以買到所需要的銅期貨數量",2,"避險交易",1,"完全避險要求期貨部位能與現貨曝險在數量、時間、品質上完全對應。期貨契約規格是標準化、固定的，每口的數量與交割品質都由交易所統一訂定，礦商實際持有的銅現貨數量往往無法剛好等於契約規格的整數倍，會殘留一個無法被期貨對沖掉的數量缺口，導致避險不完全，故(C)正確。(A)現貨與期貨相關係數為1，代表兩者價格完全同向連動、對沖效果最佳，反使避險更完全。(B)避險後基差沒有變動，表示沒有基差風險，同樣讓避險趨於完全。(D)能買足所需口數代表數量能對應，也有利於完全避險。三者皆非造成不完全的原因。","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-114-3-008","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？",8,{"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？",32,1787293965448]