[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-114-3-046":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-114-3-046","114-3",46,"一投資方案的資金成本是：",[13,14,15,16],"一個經過充分分散風險投資組合的期望報酬率","投資方案貸款的利率","投資人要求與該投資方案風險類似證券之期望報酬率","銀行基本放款利率",2,"財務預測、成長與企業評價",1,"投資方案的資金成本應理解為機會成本，即投資人若把資金投入風險相當的其他證券所能要求或期望獲得的報酬率，反映的是承擔該案風險所需的補償，故(C)正確。(B)投資方案貸款的利率與(D)銀行基本放款利率，只是資金來源中負債成本的一部分，未涵蓋股東權益的必要報酬，也未針對該案的特定風險；(A)充分分散風險投資組合的期望報酬，對應的是市場整體或分散後的一般報酬，並未反映該投資方案本身的個別風險水準。三者都不夠完整，唯有『風險類似證券之期望報酬率』能貼切表達資金成本的機會成本本質，故不選其餘。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"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":28,"question":29,"qno":30},"sec_sr_finance-114-3-022","回收期限法（Payback Period Rule）：",22,{"id":32,"question":33,"qno":34},"sec_sr_finance-114-3-024","下列何者不影響每期淨現金流量？",24,{"id":36,"question":37,"qno":38},"sec_sr_finance-114-3-043","下列何者會增加可轉換公司債的價值？",43,{"id":40,"question":41,"qno":42},"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":44,"question":45,"qno":46},"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)：",45,1787293960212]