[{"data":1,"prerenderedAt":42},["ShallowReactive",2],{"q-sitca_invest-114-3-022":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"sitca_invest","投信投顧業務員資格測驗——證券投資與財務分析","c2",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":17,"explanation":19,"difficulty":20},"sitca_invest-114-3-022","114-3",22,"理論上，證券價格的變動和利率的變動之間的關係為：",[13,14,15,16],"正向相關","負向相關","不相關","不一定",1,"貨幣時間價值與利率","(B) 對:證券的理論價格是未來現金流量按折現率折算的現值,利率(折現率)上升會使各期現金流量的現值下降,故價格與利率呈反向(負向)變動,固定配息的債券最為明顯,存續期間愈長跌幅愈大。(A) 正向相關與折現原理相反;(C) 不相關忽略了利率正是評價公式的分母;(D) 就理論層面而言方向是確定的反向變動,並非不一定。要留意此為理論上的一般性關係,個別股票短期仍可能受基本面主導而背離。","easy",[22,26,30,34,38],{"id":23,"question":24,"qno":25},"sitca_invest-115-2-008","投資人承作 20 天期附買回交易，利率為 1%，成交金額 1,000,000 元，扣繳稅率為 10%，則 20天後附條件交易到期金額為：",8,{"id":27,"question":28,"qno":29},"sitca_invest-115-2-036","如果經理人員要深入瞭解屬下所提出淨現值為正的投資計畫，則最應：",36,{"id":31,"question":32,"qno":33},"sitca_invest-115-2-038","在作資本預算決策時，攸關的稅率應為：",38,{"id":35,"question":36,"qno":37},"sitca_invest-115-2-048","關於投資計畫投資成本之決定，下列何者不正確？",48,{"id":39,"question":40,"qno":41},"sitca_invest-115-2-049","下列何者是在學理上採用租賃較佳的理由？",49,1787293969741]