[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_finance-114-3-043":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"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":17,"explanation":19,"difficulty":20},"sec_sr_finance-114-3-043","114-3",43,"下列何者會增加可轉換公司債的價值？",[13,14,15,16],"凍結期間變長","股票價格波動變大","股票股息的發放多","轉換期間短",1,"財務預測、成長與企業評價","可轉換公司債可拆解為一張普通公司債加上一份轉換權，而該轉換權在性質上等同於買進標的股票的買權，其選擇權價值會隨標的股價波動度上升而增加，因為波動越大、未來轉換獲利的機會越高。故(B)股票價格波動變大會提高轉換權價值，進而增加可轉債價值，正確。(A)凍結（閉鎖）期間變長，延後可行使轉換的時點，減損權利價值；(D)轉換期間變短，行使機會的時間窗口縮小，同樣不利；(C)發放較多股票股利通常使股價向下調整、且尚未轉換的持有人無法領息，對轉換人不利。三者都會使可轉債價值下降，故不選。","medium",[22,26,30,34,38,42],{"id":23,"question":24,"qno":25},"sec_sr_finance-114-3-021","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？",21,{"id":27,"question":28,"qno":29},"sec_sr_finance-114-3-022","回收期限法（Payback Period Rule）：",22,{"id":31,"question":32,"qno":33},"sec_sr_finance-114-3-024","下列何者不影響每期淨現金流量？",24,{"id":35,"question":36,"qno":37},"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":39,"question":40,"qno":41},"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":43,"question":44,"qno":45},"sec_sr_finance-114-3-046","一投資方案的資金成本是：",46,1787293960157]