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

Kakashi_8

Question：41
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:
A)product segmentation.
B)ease of entry into the industry.
C)degree of industry concentration.
2 N% I8 @& H- ED)product demographics.

7 [! _, c3 E) o  YQuestion：42
9 O+ u2 N) K8 w  Y4 b6 J% KJax, 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?
/ ^0 a5 o- l; YA)$39.47.
B)unable to determine value using Gordon model.
C)$53.32.
' |  s5 B& r  V, N9 o" S5 {D)$58.24.

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9 b8 y( I% D" A# i- t( }; Q/ v* }Question：43
6 l7 J# g% b5 [% v  wThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
$ \' |, @! d4 W3 m+ v) x% ]" xA)earnings before interest and taxes (EBIT) less taxes.
0 p! }- p# \: P$ z5 F6 j$ \: G. I# oB)after-tax interest and net borrowing.
* }) w  E) d6 @+ E/ ~: AC)before-tax interest and net borrowing.
D)capital expenditures.

Question：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.
5 c1 a+ ?4 G: ^2 h0 {, XB)150.00.
0 e! _" x5 O" w7 WC)6.67.
! Y% E- Q) i) L  KD)1.50.

& j) h7 q! E, DQuestion：45
A method commonly used to normalize earnings is the method of:
( R8 V1 L  y  u; I( d3 x& q. kA)average return on assets.
4 n& w/ u1 @8 H6 iB)historical average earnings per share (EPS).
' V, z2 x% n6 f# P9 `: x1 g+ \, {% DC)comparables.
D)forecasted fundamentals.
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Kakashi_8

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