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

Kakashi_8

Question：41
7 L1 i5 ], ]$ E& Z2 n6 z- M( YThere 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.
% _1 n( h. B) hB)ease of entry into the industry.
, v0 F  h0 ?1 T' j5 y5 h# tC)degree of industry concentration.
! N. w( Z1 a" j; W6 PD)product demographics.
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* k( W% j% o# E$ g0 K5 P, DQuestion：42
; b  V! l' k4 q" a& r; oJax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?
# W' g$ x! y$ AA)$39.47.
" f. ~& _- Y3 x3 N* @B)unable to determine value using Gordon model.
! ~/ w5 ]9 e. q# Z- F) v9 ^+ {C)$53.32.
D)$58.24.
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% W, Q0 h, ]1 d& uQuestion：43
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.
B)after-tax interest and net borrowing.
# x- @. j4 w) g; l7 `C)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?
( c% m$ |# X7 c- ^* G5 iA)0.67.
% G& u- M6 }+ h' {0 }B)150.00.
C)6.67.
D)1.50.

) E, [" {, ^! @6 ?Question：45
A method commonly used to normalize earnings is the method of:
* p5 ?# @: ?+ D" o+ L, f* dA)average return on assets.
. i" e( G  q# J; j+ EB)historical average earnings per share (EPS).
0 m' K/ J" O! e( V7 A: jC)comparables.
D)forecasted fundamentals.
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Kakashi_8

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