[LEVEL II 模拟试题] Mock Level II - Question 41-45

Kakashi_8

Question：41
% T. _1 B% [9 V( V: Q9 `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:
* X( ^* j- \! I; RA)product segmentation.
+ P& h* F( V/ r/ `7 F9 WB)ease of entry into the industry.
, L1 l" I- G& w; yC)degree of industry concentration.
D)product demographics.
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Question：42
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?
A)$39.47.
" j4 g! n9 T/ W4 r: i) qB)unable to determine value using Gordon model.
* [( u; c; a$ R( v8 G2 TC)$53.32.
% |4 a' S- ]- A+ mD)$58.24.
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5 t, M6 W, w; o$ V. W: `Question：43
7 \% |6 c" y5 G+ |The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
A)earnings before interest and taxes (EBIT) less taxes.
+ A9 B. ]& F$ j, w8 {B)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.

+ f! |/ s9 W4 Y# E. W8 qQuestion：44
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?
A)0.67.
B)150.00.
C)6.67.
D)1.50.

Question：45
$ w8 g" Z+ {) D4 M# b  F  w6 x* Z/ HA method commonly used to normalize earnings is the method of:
A)average return on assets.
4 S/ s" O  t0 h3 N: H) oB)historical average earnings per share (EPS).
/ ^1 v" w) l9 h$ H9 e6 z& v% MC)comparables.
, K8 N) C' `9 v% r  w" d' P* K) {D)forecasted fundamentals.

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Kakashi_8

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