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Question：41
+ S; y6 j- U. l) kThere 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:
# \. h( m0 D5 ?) e* VA)product segmentation., t L$ ?0 M: F* _- R
B)ease of entry into the industry.
% [( a. e; A4 @7 a, kC)degree of industry concentration.! u/ H1 x! b' T5 w0 E$ M
D)product demographics.
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3 O& s. r, l- t# i5 e+ ?$ PQuestion：42
4 z5 ^. D) _9 YJax, 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?* T, } |- o, j
A)$39.47.
; m! u# @- ?1 `B)unable to determine value using Gordon model.
2 u# v$ r$ q$ Y% PC)$53.32.. L4 h4 O$ G8 i& ~/ z
D)$58.24.3 u2 V3 x W- ]
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Question：43 5 Y& G8 i& F w4 i
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:" A! R. x1 F) v; e
A)earnings before interest and taxes (EBIT) less taxes.
5 O5 k- Y& J8 S5 fB)after-tax interest and net borrowing." n' p: f; _3 C! U m2 u- m* W
C)before-tax interest and net borrowing.
+ J- U- _# i7 V9 X- z- D, j6 ?2 [D)capital expenditures./ ^: j$ T- w! b& V3 z/ E
3 [. Q/ c" Y g3 Z) LQuestion：44- m% Z& ?3 A% p$ o* ?. i
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?
6 ^; ~7 O( u6 M* T& K, f7 QA)0.67.
6 S j3 y( p1 }! jB)150.00., X/ x1 p) e1 r& \: Q4 P: x
C)6.67.
]/ L; N' @0 C# s, l. N7 j8 {D)1.50. I# B6 ^" n/ Y1 c
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Question：45" t! b; e/ k6 C3 L' c
A method commonly used to normalize earnings is the method of:4 ?+ t* D R1 w% p0 ^! C
A)average return on assets.9 i. c' T% f1 G8 B6 \4 w9 H
B)historical average earnings per share (EPS)." C+ D+ p! _ Y( e+ t
C)comparables.2 ]: t7 S* C+ }4 r. Z# _6 _
D)forecasted fundamentals.' p$ M% A2 D: N( s- }
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
