3. 當投資人願意以9萬元於現在買入一分割公債,於5年到期後,收到本金10萬元時,請問此投資人所買入之分割公債,其簡單年平均報酬率約為多少?(不考慮利息再投資收益)
(A)2.00%
(B)2.22%
(C)2.50%
(D)2.55%

24. What is the fourth sentence of the reorganized paragraph?(A) The growing global interdependence calls for a generation of individuals who can engage in global problemsolving and participate simultaneously in local, national, and global life.(B) Contemporary societies are marked by new global trends-economic, cultural, technological, and environmental shifts that are part of a rapid wave of globalization.(C) They develop and use this expertise as they investigate such issues, recognizing multiple perspectives,communicating their views effectively, and taking action to improve the world.(D) They can use the big ideas, tools, methods, and languages that are central to any discipline (mathematics, literature,history, science, and the arts) to engage the pressing issues of our time.(E) Globally competent individuals are aware, curious, and interested in learning about the world and how it works.

25. What is the fifth sentence of the reorganized paragraph?(A) The growing global interdependence calls for a generation of individuals who can engage in global problemsolving and participate simultaneously in local, national, and global life.(B) Contemporary societies are marked by new global trends-economic, cultural, technological, and environmental shifts that are part of a rapid wave of globalization.(C) They develop and use this expertise as they investigate such issues, recognizing multiple perspectives,communicating their views effectively, and taking action to improve the world.(D) They can use the big ideas, tools, methods, and languages that are central to any discipline (mathematics, literature,history, science, and the arts) to engage the pressing issues of our time.(E) Globally competent individuals are aware, curious, and interested in learning about the world and how it works.

1. 依現行分割公債之交易制度,投資人買賣分割公債,其券戶開立之規定為何?(A)應於中央銀行核准之清算銀行開立公債券戶(B)應於任何銀行開立公債券戶(C)可使用買賣股票相同之集保帳戶(D)應重新開立一集保帳戶,與股票戶分開

2. 下列信用評等之債券,何者為垃圾債券?(A) BB+(B) BBB-(C) BBB(D) BBB+

4. 美國政府公債期貨中 Treasury bond futures 之最小計價變動單位?(A)1/32(B)1/16(C)1/10(D)1/8

5. 我國某公債之發行票面利率為1.875%,數月後該公債之增額發行,截標利率為2.06%,試問該增額發行 之公債,票面利率應訂為多少? (A)2.06% (B)2.125% (C)1.875% (D)2.0%

6. 下列有關我國期貨交易所公債期貨交割價款之計算公式,何者正確?(A)交割價款=最後結算價×可交割標的之轉換因子+應計利息一利息累計稅款(B)交割價款=最後結算價+可交割標的之轉換因子+應計利息-利息累計稅款(C)交割價款=最後結算價×可交割標的之轉換因子一應計利息+利息累計稅款(D)交割價款=最後結算價+可交割標的之轉換因子+應計利息+利息累計稅款

7. 某債券自營商持有市值20億元之債券,Duration為7.5,另最便宜可交割債券(CTD)之Duration為8.0, 目前我國公債期貨報價為112,因預期未來利率走高,擬採期貨避險,將投資組合之目標Duration 降至接近0,則該自營商應賣出多少口期貨(每口期貨交易標的之面額為500萬元)? (A)357 (B)335 (C)381 (D)322

8. 下列有關債券期貨功能之敘述,何者正確?(A)可作為避險工具(B)可做為調整債券投資組合存續期間之工具(C)活絡冷門券期次之交易,建構合理殖利率曲線 (D)以上皆是

9. 財政部國庫署於94年7月發行之公債,為第一期可分割之公債,公債分割後在次級市場係採百元價格交易,假設投資人現在以8萬元買入,五年後到期面額為10萬元之分割公債,請問其現在的百元價格為? (A)125元 (B)100元 (C)80元 (D)以上皆非