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Question：41
6 ` _) L; o9 RThere 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. R0 t3 ~7 J
A)product segmentation., t+ h; n1 A8 B6 b* I
B)ease of entry into the industry.
- h R( O9 }, `C)degree of industry concentration.
m8 z3 l1 c7 O2 PD)product demographics.
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! j/ C0 @3 y$ c) c' P7 q( Y1 xQuestion：42 + e( O/ Y: T' c' m5 }* s: I
Jax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?/ {1 k0 P2 y% W5 Z3 p$ @4 G
A)$39.47.$ Z+ d& e5 T6 ?7 } b, H! o3 Z
B)unable to determine value using Gordon model.2 Q; m. S$ M+ ]: V
C)$53.32.
9 z* W- [# c$ L% ~. o1 e' m/ rD)$58.24.) l$ L/ q' k+ u6 K7 r
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Question：43
% B, s1 ?/ y3 e) h* x1 [The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:8 |7 N7 [; y) o
A)earnings before interest and taxes (EBIT) less taxes.! ^3 W6 @+ r0 D9 a3 r
B)after-tax interest and net borrowing.+ M1 Z& z8 l) d6 p9 ~: |5 D: c
C)before-tax interest and net borrowing." e0 J, N. j2 z1 e3 e5 d' }
D)capital expenditures.$ R" U9 {( o3 D1 T
% q7 m q9 J8 Q8 KQuestion：448 k C) G& q, j: T
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?4 O' M1 u4 n; h* w. q0 N1 z
A)0.67.
( z/ G4 r F+ t$ z) \- jB)150.00.
, C! _% ]* z4 E+ GC)6.67.
5 A( M. E/ L6 f2 Q. z, h$ y% cD)1.50.
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2 ^+ l l9 H! \! G& uQuestion：45
- I9 p! g3 g0 J" [( t4 n4 XA method commonly used to normalize earnings is the method of:
( t" T5 {9 ]- {6 ?3 ~0 x; B1 cA)average return on assets.
! r7 S7 o$ v9 U# mB)historical average earnings per share (EPS).0 _% @7 `6 s. p W( a8 a
C)comparables.$ A* M, u( @+ [- m* e! @2 u! e
D)forecasted fundamentals.0 ^) F; g7 L; x1 P" I- C( P0 D% f
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
