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Question：41
, p. ^% \- N8 ~( ^+ u* K) TThere 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:
" F, F, B) t2 b; d6 D3 T$ F3 CA)product segmentation.
9 y( C+ r1 Z* e, O* ^/ fB)ease of entry into the industry.
3 X7 |, L6 B& E+ U- cC)degree of industry concentration.
/ F, e( _6 A5 x& OD)product demographics.
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Question：42 ! {7 a) |: i! `& u+ H# ~! j [8 _4 v
Jax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?1 p$ R4 j D8 @( R# z
A)$39.47.2 B% D3 ]7 W, U; O! @+ }
B)unable to determine value using Gordon model.* i6 W* C# o+ T$ Q
C)$53.32.6 K, y! ~, J" o; t$ @! I# z
D)$58.24.! }" G E- g o7 P# J$ y- ~
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6 B! t; D% u# RQuestion：43 4 \* j8 ]: X* |- I6 s" ]
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
9 B; d- O" R" [* F& EA)earnings before interest and taxes (EBIT) less taxes.
) q* R, M1 s% w5 [+ t0 ]B)after-tax interest and net borrowing.
% J3 g; }: N2 sC)before-tax interest and net borrowing.
# C8 Z2 F1 i4 G$ S& Y: BD)capital expenditures.4 \. S3 f, b6 u' v P8 ^. n( t
& c6 V: N1 ^1 V# A& R; d* T1 E4 o/ [Question：44
# w4 u/ B0 J* k( I6 V+ N! L+ bGood 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?& e8 U4 ^$ I# `
A)0.67.
' C2 x/ A W8 W9 E0 r6 A8 eB)150.00.
& q1 U( O- Q* @2 v, H/ YC)6.67.) I7 z; @( t4 A+ }
D)1.50.
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' q# [- P0 o h9 tQuestion：45/ Q1 |, E3 O1 _& ]8 r8 \2 d, J7 W
A method commonly used to normalize earnings is the method of:
9 w8 [/ h5 E. E4 f9 I, ]' HA)average return on assets.
) \" W% |, }" o. CB)historical average earnings per share (EPS).
# k% K ]; m5 B' @C)comparables., U6 k5 o' T8 j/ S/ t. h
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
