[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_finance-114-3-045":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-114-3-045","114-3",45,"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)：",[13,14,15,16],"大於 0","小於 0","等於 0","資料不足，無法判斷",1,"財務預測、成長與企業評價","β值反映個股報酬與市場報酬變動的關聯方向與幅度。題意指出市場報酬為正時該股報酬皆為負、市場為負時該股皆為正，代表兩者走勢完全相反、呈負相關，以個股對市場迴歸所得的斜率必為負值，故(B)小於0正確。(A)大於0代表兩者同向變動，與題意相反；(C)等於0代表個股與市場報酬無關聯（如接近無風險或完全避險的部位）；(D)資料不足並不成立，因題目已明確描述完全反向的對應關係，足以判定β為負。此類負β資產通常具有反景氣、可分散風險與避險的特性。","easy",[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-114-3-043","下列何者會增加可轉換公司債的價值？",43,{"id":39,"question":40,"qno":41},"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":43,"question":44,"qno":45},"sec_sr_finance-114-3-046","一投資方案的資金成本是：",46,1787293960183]