[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-1-023":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","c4",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-115-1-023","115-1",23,"當價差超過何種成本時，通常價差交易便很可能有獲利空間？",[13,14,15,16],"融資成本","倉儲成本","商品購買成本","持有成本",3,"投機性期貨交易與價差交易",1,"價差交易(此處指跨月正逆價差或現貨與期貨間的套利)是否有利可圖，關鍵在於現貨與期貨、或不同月份之間的價差，是否大到足以覆蓋把商品持有到交割所需付出的持有成本。持有成本是一個總括概念，涵蓋資金的融資利息、實體商品的倉儲費、保險等各項花費;唯有當價差超過完整的持有成本，扣掉這些費用後才會留下淨利潤、產生套利空間，故(D)持有成本正確。(A)融資成本與(B)倉儲成本都只是持有成本的個別組成項目，單看其中一項並不足以作為完整的獲利判準。(C)商品購買成本是取得現貨的本金支出，並非用來衡量價差是否划算的比較基準，故皆不選。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-011","在正向市場下，某交易人在 CBOT 市場發現 3 月份和 5 月份的玉米期貨間的價差過大，應該如何交易才能獲利？",11,{"id":28,"question":29,"qno":30},"futures_prac-114-3-012","同上題，此價差交易是何種類？",12,{"id":32,"question":33,"qno":34},"futures_prac-114-3-013","同上題，若此交易人在價差為 12 美分／每英斗作此價差交易，而在價差為 7 美分／每英斗把他的部位做結清，則此交易人的損益為多少？",13,{"id":36,"question":37,"qno":38},"futures_prac-114-3-030","如何利用期貨契約提高系統性風險？",30,{"id":40,"question":41,"qno":42},"futures_prac-114-3-036","分析市場間價差交易時重視的是：",36,{"id":44,"question":45,"qno":46},"futures_prac-114-3-038","兀鷹價差（Condor Spread）交易會使用幾個月份之期貨？",38,1787293966313]