25 The passage is taken out from a paper on _____.
(A) the difficulty of speaking English
(B) the use of foreign language
(C)the tests of speaking ability
(D) the structures of stories

21 (A) conservative (B) connubial (C) consequent (D) conspicuous

22 The author writes the passage to _____. (A) explain how to control the difficulty of speaking tasks (B) show how to design narration with pictures (C) provide advice for reducing the complexity of story events (D) describe what individuals can do in distinguishing characters of a story

23 According to the passage, what kind of stories are easier to understand? (A) Stories that present clear pictures (B) Stories that have identifiable characters (C) Stories that talk about familiar people (D) Stories that involve more factors

24 According to the passage, which of the following statements is true? (A) The more individuals involved in a story, the more difficult it is to distinguish them. (B) Learners who have a good command of language perform well in speaking. (C) Spatial structures also represent the complexity of language in a story. (D) Stories about boys and girls have become increasingly popular among young readers.

1. 下列敘述何者正確？ Ⅰ.投資組合之預期報酬率可由個別股票預期報酬率之加權平均求算而得；Ⅱ. 投資組合之貝它係數可由個別股票貝它係數之加權平均求算而得；Ⅲ.投資組合之報酬率標準差可由個別股票報酬率標準差之加權平均求算而得(A)僅Ⅰ、Ⅱ對 (B)僅Ⅱ、Ⅲ對 (C)僅Ⅰ、Ⅲ對 (D)Ⅰ、Ⅱ、Ⅲ均對

2. 某一可轉換公司債每張面額 12 萬元，市價目前為 16 萬元，若轉換價格為 40 元，其標的股票市價為 50 元，則每張可轉換公司債可換得多少標的股票？ (A)2400股(B)3000 股 (C)3200 股 (D)4000 股

3. 下列何者不是執行期貨「避險功能」？(A)種植黃豆的農夫在收割期三個月前，怕黃豆價格下跌，賣出黃豆期貨(B)玉米進口商在買進現貨同時，賣出玉米期貨(C)投資外國房地產前，因怕本國貨幣貶值，賣出本國貨幣期貨(D)預期股市下跌，賣出股價指數期貨

4. 當選擇權的隱含波幅呈現「微笑」狀時，其代表： Ⅰ.價內選擇權波動幅度較大；Ⅱ.價外選擇權波 動幅度較大；Ⅲ.價平選擇權波動幅度較大(A)Ⅰ、Ⅱ對 (B)Ⅱ、Ⅲ對 (C)Ⅰ、Ⅲ對 (D)Ⅰ、Ⅱ、Ⅲ皆對

5. 下列敘述中，何者最正確？ (A)資本資產定價模式為單一變數模式，並未考慮風險(B)市場模式(market model)必須以期望值來計算(C)戈登模式(Gordon model)假設每期股利的發放金額相同(D)套利定價模式是敘述如何利用價差來套利的模式

6. 申請為興櫃股票之發行公司，須符合哪些條件？ Ⅰ.申請之發行公司成立需滿 3 年；Ⅱ.持股 1,000-50,000 股之記名股東人數≧300 人，且所持股份總合計佔發行股份總額的 10%以上或逾 500萬股；Ⅲ.已經申報上市（櫃）輔導；Ⅳ.經二家以上證券商書面推薦(A)Ⅰ、Ⅲ (B)Ⅲ、Ⅳ (C)Ⅰ、Ⅳ (D)Ⅰ、Ⅱ、Ⅲ