[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-1-020":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-115-1-020","115-1",20,"美商公司預計 5 個月後可收到日圓，公司的內部人員可如何避險？",[13,14,15,16],"買進日圓期貨買權","賣出日圓期貨賣權","買進日圓期貨賣權","買日圓期貨",2,"避險交易",1,"美商公司預計5個月後才會收到日圓，屆時須把日圓換回美元，真正的風險是這段期間日圓相對美元貶值、換得的美元變少。要鎖住最低賣價又保留升值好處，應買進日圓期貨賣權，付出權利金換取「以履約價賣出日圓」的權利，日圓若貶值就履約、鎖定底價，若升值則放棄履約、享受更好匯率，故(C)正確。(A)買進買權保護的是「未來要買日圓、怕日圓升值」的相反情境，與本題持有日圓的需求不符。(B)賣出賣權只是先收權利金、對日圓貶值毫無保護，反而承擔下跌風險。(D)買進日圓期貨是做多日圓,方向與其未來要賣出日圓避貶值的需求相反，故皆不選。","hard",[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-114-3-009","智利礦商賣出銅期貨避險，何者會造成避險的不完全？",9,{"id":40,"question":41,"qno":42},"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":44,"question":45,"qno":46},"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：",31,1787293966256]