[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_sr_invest-115-1-016":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」)","c1",{"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-115-1-016","115-1",16,"下列何種股價指數最能模擬市場投資組合？",[13,14,15,16],"股價簡單平均","交易量加權股價指數","市場價值加權股價指數","股價幾何平均",2,"投資概論與證券市場",1,"本題問哪一種股價指數最能模擬「市場投資組合」。所謂市場投資組合，是指按各證券市值比重持有全體股票的組合，因此指數的編製方式必須讓每檔股票的權重等於其市值占比。(C) 市場價值加權股價指數正是依各股流通市值大小賦予權重，市值大的公司影響大、市值小的影響小，其權重結構與整體市場一致，最能貼近並模擬市場投資組合，故為正解。(A) 股價簡單平均只是把各股價格相加平均，完全忽略公司市值大小，高價低市值股會被高估。(D) 股價幾何平均同樣不考慮市值，且計算上會系統性低估報酬。(B) 交易量加權是以成交量而非市值為權重，成交量反映短期交易熱度而非公司規模，也無法對應市場組合。關鍵在於「市值加權」才等同市場組合的權重邏輯。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_sr_invest-114-3-003","何種證券之持有人在公司辦理現金增資時，有優先認購新股之權利？甲.認購權證；乙.普通股；丙.認股權證；丁.可轉換公司債",3,{"id":28,"question":29,"qno":30},"sec_sr_invest-114-3-010","在 S&P500 的採樣股中，市值愈大的股票，其價格波動對 S&P500 指數的影響將如何？",10,{"id":32,"question":33,"qno":34},"sec_sr_invest-114-3-028","何者「不是」資本市場之工具？",28,{"id":36,"question":37,"qno":38},"sec_sr_invest-114-3-029","ETN 和 ETF 的比較，下列何者有誤？",29,{"id":40,"question":41,"qno":42},"sec_sr_invest-114-3-030","下列有關優先權特別股的敘述何者有誤？",30,{"id":44,"question":45,"qno":19},"sec_sr_invest-115-1-001","下列有關特別股的敘述何者正確？",1787293958302]