[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_invest-114-3-050":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_sr_invest","證券商高級業務員資格測驗——證券投資與財務分析(試卷「投資學」)","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_invest-114-3-050","114-3",50,"下列哪一種變化不會使買權的價值隨之增加？",[13,14,15,16],"發放股利","無風險利率高","標的物價格波動性高","標的物價格高",0,"選擇權評價與交易策略",1,"(A) 對:買權(call option)的價值受標的價格、履約價、波動率、無風險利率、到期時間與股利等因素影響。當標的股票發放現金股利,除息日股價會向下調整,標的價格降低使買權更趨價外,其價值隨之「減少」,因此發放股利「不會」使買權增值,故 (A) 為正解。(B) 無風險利率愈高,持有買權以較少資金鎖定買進的相對利益增加,買權價值上升;(C) 標的價格波動性愈高,股價向上大漲的機會提高而向下損失有限,對買權有利;(D) 標的價格愈高,買權愈價內、內含價值愈大。此三者皆會使買權增值,故不選。","medium",[23,27,31,35,38,42],{"id":24,"question":25,"qno":26},"sec_sr_invest-115-1-023","假設目前市場上對於 VR(虛擬實境)很看好，所以投資人對於從事 VR 的白水木公司股價看多，如果當你也認同時，請問以下幾種方式，可以讓你獲利？I.買入白水木公司買權；II.買入白水木公司賣權；III.賣出白水木公司買權；IV.賣出白水木公司賣權",23,{"id":28,"question":29,"qno":30},"sec_sr_invest-115-1-026","假設前一營業日 H 公司股價收盤為 30 元，其認購權證之履約價格為 25 元，權利金為 3.5 元，若執行比例為 1.3，請問今天 H 公司權證之最大上漲幅度為：",26,{"id":32,"question":33,"qno":34},"sec_sr_invest-115-1-049","理論上，其他條件不變下，當市場利率下跌則認購權證價格會：",49,{"id":36,"question":37,"qno":10},"sec_sr_invest-115-1-050","小王支付 10 元之權利金買進一賣權，該賣權履約價格為 100 元，請問標的物價格為多少時，才能使小王損益兩平？",{"id":39,"question":40,"qno":41},"sec_sr_invest-115-2-046","有關選擇權之敘述，何者「正確」？",46,{"id":43,"question":44,"qno":45},"sec_sr_invest-115-2-047","某證券公司發行一年期結構型債券(Structured Notes)的贖回金額公式如下：贖回金額＝投資本金×{1＋Max [5%,(10%×S&P500 指數成長率)]}下列有關此債券的敘述，何者為正確？",47,1787293958083]