{"id":1752,"date":"2026-02-27T06:13:06","date_gmt":"2026-02-27T06:13:06","guid":{"rendered":"https:\/\/roeh.kr\/?p=1752"},"modified":"2026-02-27T06:14:13","modified_gmt":"2026-02-27T06:14:13","slug":"1752","status":"publish","type":"post","link":"https:\/\/roeh.kr\/index.php\/2026\/02\/27\/1752\/","title":{"rendered":""},"content":{"rendered":"\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\uc6d4 30% \ubaa9\ud45c\uc758 \u201c\uc22b\uc790 \uaddc\uce59 \uc138\ud2b8(\ud544\uc218)\u201d<\/h2>\n\n\n\n<p>\uc6d4 30%\ub294 \uc218\uc775 \ubaa9\ud45c\ubcf4\ub2e4 <strong>\uc190\uc2e4 \ubc29\uc5b4 \uaddc\uce59\uc774 \ud575\uc2ec<\/strong>\uc774\uc5d0\uc694.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A) \uc6d4 \uc190\uc2e4 \ud55c\ub3c4(\ud544\uc218)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc6d4 \ucd5c\ub300\uc190\uc2e4(MDD limit): <strong>-10%<\/strong> (\uc774 \uc774\uc0c1\uc774\uba74 \uadf8 \ub2ec \ud2b8\ub808\uc774\ub529 \uc911\ub2e8\/\uc0ac\uc774\uc988 \ucd95\uc18c)<\/li>\n\n\n\n<li>\uc6d4 -6% \ub3c4\ub2ec \uc2dc: <strong>\ud3ec\uc9c0\uc158 \uc0ac\uc774\uc988 50%\ub85c \ucd95\uc18c<\/strong><\/li>\n\n\n\n<li>\uc6d4 -10% \ub3c4\ub2ec \uc2dc: <strong>\uac70\ub798 \uc911\ub2e8<\/strong><\/li>\n<\/ul>\n\n\n\n<p>(\uc6d4 30% \ubaa9\ud45c\ub97c \uc138\uc6e0\uc73c\uba74, \ubc18\ub300\ub85c \u201c\uc6d4 -10%\u201d \uac19\uc740 \ubc29\uc5b4\uc120\ub3c4 \uac19\uc774 \ubc15\uc544\uc57c \ud569\ub2c8\ub2e4.)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"text-decoration: underline;\">B) \ud2b8\ub808\uc774\ub4dc\ub2f9 \uacc4\uc88c \ub9ac\uc2a4\ud06c(r)<\/span><\/h3>\n\n\n\n<p>\uc6d4 30%\ub97c \ub178\ub9b0\ub2e4\uba74 \ud604\uc2e4\uc801\uc73c\ub85c:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ubcf4\uc218\ub3c4 \uc544\ub2c8\uace0, \uc0dd\uc874\uae4c\uc9c0 \uace0\ub824\ud55c \u201c\ucd5c\uc18c \uacf5\uaca9\u201d: <strong>r = 1.0% ~ 2.0%<\/strong><\/li>\n\n\n\n<li><span style=\"text-decoration: underline;\">\uc9c4\uc9dc \uc6d4 30%\ub97c \uc218\ud559\uc801\uc73c\ub85c \ub9de\ucd94\ub824\uba74: \ubcf4\ud1b5 <strong>r = 2.0% ~ 4.0%<\/strong> (\ub9e4\uc6b0 \uacf5\uaca9)<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">C) \uc5f0\uc18d \uc190\uc2e4(\ub85c\uc9d5 \uc2a4\ud2b8\ub9ad) \ucc28\ub2e8<\/h3>\n\n\n\n<p>\uc2b9\ub960 50%\uc5ec\ub3c4 \uc5f0\uc18d \uc190\uc2e4\uc740 \ud754\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc5f0\uc18d <strong>3\ud68c \uc190\uc808<\/strong>: \ub2e4\uc74c 3\ud68c\ub294 <strong>\uc0ac\uc774\uc988 50%<\/strong><\/li>\n\n\n\n<li>\uc5f0\uc18d <strong>5\ud68c \uc190\uc808<\/strong>: \ub2f9\uc77c\/\ub2f9\uc8fc \uac70\ub798 \uc911\ub2e8<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"text-decoration: underline;\">3) \ud3ec\uc9c0\uc158 \ud06c\uae30(\ube44\uc911)\ub294 \u201c\uc2a4\ud0d1 \ud3ed\u201d\uc73c\ub85c \uacc4\uc0b0\ud55c\ub2e4<\/span><\/h2>\n\n\n\n<p>\ube44\uc911(\ud3ec\uc9c0\uc158 \uc0ac\uc774\uc988)\uc740 \uac10\uc774 \uc544\ub2c8\ub77c \uacf5\uc2dd\uc73c\ub85c\uc694:<\/p>\n\n\n\n<p><math xmlns=\"http:\/\/www.w3.org\/1998\/Math\/MathML\" display=\"block\"><semantics><mrow><mtext>\ud3ec\uc9c0\uc158\ube44\uc911<\/mtext><mo stretchy=\"false\">(<\/mo><mi>w<\/mi><mo stretchy=\"false\">)<\/mo><mo>=<\/mo><mfrac><mrow><mtext>\ud2b8\ub808\uc774\ub4dc\ub2f9&nbsp;\uacc4\uc88c\ub9ac\uc2a4\ud06c<\/mtext><mo stretchy=\"false\">(<\/mo><mi>r<\/mi><mo stretchy=\"false\">)<\/mo><\/mrow><mrow><mtext>\uc2a4\ud0d1\ud3ed<\/mtext><mo stretchy=\"false\">(<\/mo><mi>s<\/mi><mo stretchy=\"false\">)<\/mo><\/mrow><\/mfrac><\/mrow><annotation encoding=\"application\/x-tex\">\ud3ec\uc9c0\uc158\ube44\uc911(w) = \\frac{\ud2b8\ub808\uc774\ub4dc\ub2f9\\ \uacc4\uc88c\ub9ac\uc2a4\ud06c(r)}{\uc2a4\ud0d1\ud3ed(s)}<\/annotation><\/semantics><\/math><\/p>\n\n\n\n<p>\ud3ec\uc9c0\uc158\ube44\uc911(w)=\uc2a4\ud0d1\ud3ed(s)\ud2b8\ub808\uc774\ub4dc\ub2f9\u00a0\uacc4\uc88c\ub9ac\uc2a4\ud06c(r)\u200b<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"text-decoration: underline;\">r: \uacc4\uc88c \ub300\ube44 \uc190\uc2e4 \ud5c8\uc6a9(\uc608: 1.5% = 0.015)<\/span><\/li>\n\n\n\n<li><span style=\"text-decoration: underline;\"><strong>s: \uc9c4\uc785\uac00 \ub300\ube44 \uc190\uc808\ud3ed(\uc608: 8% = 0.08)<\/strong><\/span><\/li>\n<\/ul>\n\n\n\n<p>\uc608\uc2dc:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>r = <strong>1.5%<\/strong>, s = <strong>8%<\/strong> \u2192 w = 0.015\/0.08 = <strong>18.75% \ube44\uc911<\/strong><\/li>\n\n\n\n<li>r = <strong>2.0%<\/strong>, s = <strong>10%<\/strong> \u2192 w = <strong>20.0% \ube44\uc911<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"text-decoration: underline;\">\ub2f9\uc2e0 \ud604\uc7ac \ud3ec\uc9c0\uc158\uc5d0 \ub300\uc785(\ud604\uc7ac \ube44\uc911 3.18%)<\/span><\/h3>\n\n\n\n<p>\ub9cc\uc57d \uc2a4\ud0d1\ud3ed\uc744<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>s = **10%**\ub85c \ub454\ub2e4\uba74, \uacc4\uc88c \ub9ac\uc2a4\ud06c\ub294: <strong>3.18% \u00d7 10% = 0.318%<\/strong><\/li>\n\n\n\n<li>s = **15%**\uba74: <strong>0.477%<\/strong><\/li>\n\n\n\n<li>s = **20%**\uba74: <strong>0.636%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\uc989 \uc9c0\uae08 3.18% \ube44\uc911\uc740 \u201c\uc6d4 30% \ubaa9\ud45c\u201d \uad00\uc810\uc5d0\uc11c\ub294 <strong>\ub108\ubb34 \uc791\uc544\uc11c \ubaa9\ud45c \ub2ec\uc131\uc774 \uad6c\uc870\uc801\uc73c\ub85c \uc5b4\ub824\uc6b4 \uc0ac\uc774\uc988<\/strong>\uc785\ub2c8\ub2e4(\ub300\uc2e0 \uc0dd\uc874\uc5d0\ub294 \uc720\ub9ac).<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\uc57d\uac04 \ubcf4\uc218\uc801\uc73c\ub85c \uac00\ub294\uac8c \ub0ab\ub2e4.<br>r = 0.1~1% \uc218\uc900.<br>\uc6d4 \ub204\uc801\uc190\uc2e4 -4%\uc77c\ub54c \uc0ac\uc774\uc988 50% -6%\uc77c\ub54c \uc2e0\uaddc\ub9e4\uc218 \uc911\ub2e8(\uad00\ub9dd, \ubcf5\uae30)<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\uc120\ud0dd\uc9c0 A: \ud604\uc7ac\uac00 \uae30\uc900 -8% \uc2a4\ud0d1<\/p>\n\n\n\n<p>\uc2a4\ud0d1 \ud130\uc9c0\uba74 \ucd1d \ud3ec\ud2b8 \uae30\uc5ec \uc190\uc2e4(\ub300\ub7b5): <strong>-0.7407529411764705%p<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\uc2a4\ud0d1\uac00: <strong>26,496<\/strong> (= 28,800 \u00d7 0.92)<br>\uc885\ubaa9 \ucd94\uac00 \ud558\ub77d: <strong>-8%<\/strong><br>\ud3ec\ud2b8 \ucd94\uac00 \uc190\uc2e4 \uae30\uc5ec: <strong>-0.254%p<\/strong> (= 3.18% \u00d7 8%)<br><span style=\"text-decoration: underline;\">\ud604\uc7ac \ud3ec\ud2b8 \uc190\uc2e4 \uae30\uc5ec(\uc774\ubbf8 \ubc1c\uc0dd): <strong>-0.486%p<\/strong><\/span><\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">4) \uc6d4 30% \ubaa9\ud45c\uba74, \uc775\uc808\/\uc190\uc808\ub3c4 \u201cR \uae30\uc900\u201d\uc73c\ub85c \uace0\uc815\ud574\uc57c \ud568<\/h2>\n\n\n\n<p>\ubcc0\ub3d9\uc131 \ud070 \uc885\ubaa9\uc5d0\uc11c \ud754\ud788 \uc4f0\ub294 \uc22b\uc790 \ud15c\ud50c\ub9bf:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc190\uc808: <strong>-1R<\/strong> (\uc608: -8% \ub610\ub294 -10%)<\/li>\n\n\n\n<li>1\ucc28 \uc775\uc808: <strong>+1R<\/strong> (\uc608: +8% \ub610\ub294 +10%)\uc5d0\uc11c <strong>\uc808\ubc18 \ub9e4\ub3c4<\/strong><\/li>\n\n\n\n<li>2\ucc28 \uc775\uc808: <strong>+2R<\/strong> (\uc608: +16% \ub610\ub294 +20%)\uc5d0\uc11c <strong>\ub098\uba38\uc9c0 \uccad\uc0b0<\/strong><\/li>\n\n\n\n<li>\ud2b8\ub808\uc77c\ub9c1 \uc2a4\ud0d1: +1R \uc774\ud6c4\uc5d4 <strong>\uc9c4\uc785\uac00(\ubcf8\uc804) \ub610\ub294 \uc9c1\uc804 \uc800\uc810 \ud558\ud5a5 \uc774\ud0c8<\/strong> \uc2dc \ucef7<\/li>\n<\/ul>\n\n\n\n<p>\uc774\ub807\uac8c \ud574\uc57c \u201c\uae09\ubc18\ub4f1\u201d\ub3c4 \uba39\uace0, \u201c\uae09\ub77d\u201d\ub3c4 \ud1b5\uc81c\ub429\ub2c8\ub2e4.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">5) \ub108\uc758 \uc9c8\ubb38\uc5d0 \ub300\ud55c \uacb0\ub860(\uae09\ubc18\ub4f1 \ub178\ub9bc\uc774 \ub354 \ub0ab\ub098?)<\/h2>\n\n\n\n<p>\uc6d4 30%\ub97c \ubaa9\ud45c\ub85c \ud558\uba74, <strong>\uc804\ub7c9 \ub9e4\ub3c4 \ud6c4 \ub354 \ub0ae\uac8c \uc7ac\uc9c4\uc785<\/strong> \uac19\uc740 \u201c\uc644\ubcbd \ud0c0\uc774\ubc0d\u201d\ubcf4\ub2e4\ub294<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\uc2dc\uc7a5\uc5d0 \ub0a8\uc544\uc788\ub418(\uae09\ubc18\ub4f1 \ucc38\uc5ec)<\/strong><\/li>\n\n\n\n<li>\uc190\uc808 \uae30\uc900\uacfc \uc0ac\uc774\uc988\ub97c <strong>\uacf5\uc2dd\uc73c\ub85c<\/strong> \uad00\ub9ac\ud558\uace0<\/li>\n\n\n\n<li>\uc7ac\uc9c4\uc785\uc740 <strong>\ubd84\ud560 + \uc870\uac74\ubd80<\/strong>\ub85c \uc6b4\uc601<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>=> \uc7a5\uae30\uc801 \uad00\uc810\uc5d0\uc11c \uc774\uac8c \ub9de\ub2e4. \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub0b4\uc5d0\uc11c \ubd80\uc815\uc801 \uc601\ud5a5\uc774 \ucee4\uc9c0\ub294 \uc815\ub7c9\uc801 \uae30\uc900\uc810\uc744 \ucd08\uacfc\ud55c\ub2e4\uba74 \ub9e4\ub3c4\ud558\ub294\uac8c \ub9de\uace0.<br><br>1)\uae30\ub300\uc218\uc775\ub960<br>2)\uc131\ub9bd\ud655\ub960<br>3)\uc131\ub9bd\uae30\uac04<br>4) \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub0b4 \ube44\uc911 \ubc0f \uae30\ub300\uae30\uc5ec\ub3c4.<br>5) \ubd84\ud560 \ub9e4\uc218 \uc9c0\uc810 <br>6) \ubd84\ud560 \ub9e4\ub3c4 \uc9c0\uc810 , \ud639\uc740 \uc9d1\uc911 \ub9e4\ub3c4 \uc9c0\uc810.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc6d4 30% \ubaa9\ud45c\uc758 \u201c\uc22b\uc790 \uaddc\uce59 \uc138\ud2b8(\ud544\uc218)\u201d \uc6d4 30%\ub294 \uc218\uc775 \ubaa9\ud45c\ubcf4\ub2e4 \uc190\uc2e4 \ubc29\uc5b4 \uaddc\uce59\uc774 \ud575\uc2ec\uc774\uc5d0\uc694. A) \uc6d4 \uc190\uc2e4 \ud55c\ub3c4(\ud544\uc218) (\uc6d4 30% \ubaa9\ud45c\ub97c \uc138\uc6e0\uc73c\uba74, \ubc18\ub300\ub85c \u201c\uc6d4 -10%\u201d \uac19\uc740 \ubc29\uc5b4\uc120\ub3c4 \uac19\uc774 \ubc15\uc544\uc57c \ud569\ub2c8\ub2e4.) B) \ud2b8\ub808\uc774\ub4dc\ub2f9 \uacc4\uc88c \ub9ac\uc2a4\ud06c(r) \uc6d4 30%\ub97c \ub178\ub9b0\ub2e4\uba74 \ud604\uc2e4\uc801\uc73c\ub85c: C) \uc5f0\uc18d \uc190\uc2e4(\ub85c\uc9d5 \uc2a4\ud2b8\ub9ad) \ucc28\ub2e8 \uc2b9\ub960 50%\uc5ec\ub3c4 \uc5f0\uc18d \uc190\uc2e4\uc740 \ud754\ud569\ub2c8\ub2e4. 3) \ud3ec\uc9c0\uc158 \ud06c\uae30(\ube44\uc911)\ub294 \u201c\uc2a4\ud0d1 \ud3ed\u201d\uc73c\ub85c \uacc4\uc0b0\ud55c\ub2e4 \ube44\uc911(\ud3ec\uc9c0\uc158 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1752","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/posts\/1752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/comments?post=1752"}],"version-history":[{"count":9,"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/posts\/1752\/revisions"}],"predecessor-version":[{"id":1769,"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/posts\/1752\/revisions\/1769"}],"wp:attachment":[{"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/media?parent=1752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/categories?post=1752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roeh.kr\/index.php\/wp-json\/wp\/v2\/tags?post=1752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}