[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_sr_finance-114-3-049":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-114-3-049","114-3",49,"轉換公司債的價值可視為一般公司債價值加上下列何者為宜？",[13,14,15,16],"買權價值","賣權價值","附認股權證標的股票價值","權證的履約價格",0,"財務預測、成長與企業評價",1,"轉換公司債持有人享有以約定價格將債券轉換為公司股票的權利，這份轉換權在性質上等同於一份買權，也就是買進標的股票的權利，故轉換公司債的價值可視為一般公司債價值加上買權價值，(A)正確。(B)賣權是賣出標的的權利，方向與轉換權相反，不符；(C)附認股權證標的股票的價值是股票本身，並非選擇權的價值，概念層級不同；(D)權證的履約價格只是行使選擇權時的成交條件，屬於一項參數而非一筆可加總的價值。因此加在一般公司債之上最恰當的，正是代表轉換權利的買權價值。","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)：",45,1787293960232]