[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-114-3-048":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-114-3-048","114-3",48,"以下哪種評價方法在評價時會將評價標的決策彈性納入考量？",[13,14,15,16],"傳統淨現值法","成本加成法","實質選擇權法","回收期間法",2,"財務預測、成長與企業評價",1,"實質選擇權法將管理者在未來可依情勢延後投資、擴大規模、縮減或放棄計畫等決策彈性，視同持有一連串選擇權並加以評價，把這份彈性所蘊含的價值納入評估，故(C)正確。(A)傳統淨現值法以既定的現金流量折現，假設方案一旦執行便固定不變、無法中途調整；(D)回收期間法只看回收本金所需的時間長短，同樣未考量彈性；(B)成本加成法僅以成本加上一定利潤來定價，反映的是成本結構而非未來的決策空間。三者都無法捕捉管理彈性的價值，只有實質選擇權法明確將決策彈性納入考量，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)：",45,1787293960228]