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Question：41 * u F9 T% B- J( M
There are at least four factors that contribute to a firm’s profitability and pricing decisions. All of the following are factors that firms consider when establishing their pricing practices EXCEPT:
$ L0 ~8 n; X* X% M9 ?: YA)product segmentation.# F! R6 w: g, Y; e* f
B)ease of entry into the industry.
3 k/ e) T! R1 L5 b* B" d) ^1 RC)degree of industry concentration.
% C" \: L. I. s- y3 S& CD)product demographics.
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Question：42
+ W/ O2 b' h" ?# q6 [* P; `Jax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?1 [8 W/ k" r5 y" r
A)$39.47.
8 k, e2 X# n5 {- yB)unable to determine value using Gordon model.
3 V8 Y0 V# y# f% C4 cC)$53.32.: H/ W0 Y) f8 O0 k
D)$58.24.
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3 T+ k m* `; J' ?9 G( s- x% P: SQuestion：43
$ L b( f/ ?# L; a) aThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
" j) M6 F& K' s) }6 t6 N2 k" AA)earnings before interest and taxes (EBIT) less taxes., r8 z; W8 J: j7 H8 {
B)after-tax interest and net borrowing.
9 E% b3 R) e+ N5 r+ XC)before-tax interest and net borrowing.
( s: w @& v# J8 lD)capital expenditures.
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$ p. d0 k. G; Z" Z$ FQuestion：443 H# ]9 F) c& Z! j; C( `! ~
Good Sports, Inc., (GSI) has a leading price to earnings (P/E) ratio of 12.75 and a 5-year consensus growth rate forecast of 8.50 percent. What is the firm’s P/E to growth (PEG) ratio?2 D4 Q& `2 g5 V' B
A)0.67.
) |1 E m0 Q% Z" tB)150.00.
8 I0 _6 d0 T7 N, h l5 s, Q8 c$ fC)6.67.% [8 z9 P$ D1 @& c; u8 d5 ]/ c6 G
D)1.50.
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Question：45
0 R7 o, _! E4 g5 g# W) ]8 m: k3 ~A method commonly used to normalize earnings is the method of:1 e/ \7 _! u$ o: i4 ^% r0 ^* Y
A)average return on assets.
4 i2 |' t, X5 ]/ z' B* A2 h' \B)historical average earnings per share (EPS).4 y7 \2 f/ \! B4 W
C)comparables.4 S* g4 j* s' s3 U
D)forecasted fundamentals.
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
