[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-114-3-021":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_sr_finance","證券商高級業務員資格測驗——證券投資與財務分析(試卷「財務分析」)","c10",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_sr_finance-114-3-021","114-3",21,"假設負債的利率為 15%，稅率為 17%，則在計算融資租賃價值時應用的折現率為多少？",[13,14,15,16],"2.4%","9.6%","12.45%","20%",2,"財務預測、成長與企業評價",1,"融資租賃在計算租賃資產與負債的現值時，因租賃給付視同具擔保性質的負債支出，且其利息可抵稅，故折現率應採稅後負債利率，公式為負債利率×（1−稅率）。代入本題：15%×（1−17%）＝15%×0.83＝12.45%，故(C)正確。(A)2.4%、(B)9.6%、(D)20%均非以稅後負債成本公式所得：其中(B)屬計算過程中數字的錯置，(A)與(D)並非由本題數據按正確算式導出(本題稅前負債利率為15%、稅後為12.45%)，均應排除。掌握『折現率＝稅後負債成本』是解題關鍵。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_sr_finance-114-3-022","回收期限法（Payback Period Rule）：",22,{"id":28,"question":29,"qno":30},"sec_sr_finance-114-3-024","下列何者不影響每期淨現金流量？",24,{"id":32,"question":33,"qno":34},"sec_sr_finance-114-3-043","下列何者會增加可轉換公司債的價值？",43,{"id":36,"question":37,"qno":38},"sec_sr_finance-114-3-044","一般來說，我們會用統計上的迴歸方法來估計：",44,{"id":40,"question":41,"qno":42},"sec_sr_finance-114-3-045","假設某一股票之報酬率在市場報酬率為正時，其皆為負，且市場報酬率為負時，它皆為正，則此股票的β 值(Beta)：",45,{"id":44,"question":45,"qno":46},"sec_sr_finance-114-3-046","一投資方案的資金成本是：",46,1787293959862]