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

Kakashi_8

Question：41
0 v& F! j1 B8 Z1 m  `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.
  `& O9 L  W" fD)product demographics.
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" @$ E8 p0 ?# u. ?. C0 L* S; {' Z6 |Question：42
& }' f; S; q4 G3 \# BJax, 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?
8 i) C9 C8 k( r* yA)$39.47.
B)unable to determine value using Gordon model.
" s: T3 T2 b% f4 r1 m/ w3 o- q( c' d# j8 MC)$53.32.
D)$58.24.
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5 c* z. R$ p& b1 `; DQuestion：43
- \% |2 {7 d' S) ?The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
: E' [% o) y0 m) \, f+ n: [A)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
% V5 M1 d8 }' _C)before-tax interest and net borrowing.
& M/ z8 G9 x  C; s1 GD)capital expenditures.
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Question：44
) r+ U$ i0 J, @$ Y0 X, KGood 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.
B)150.00.
C)6.67.
D)1.50.
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( r( g6 W. J# R7 mQuestion：45
A method commonly used to normalize earnings is the method of:
A)average return on assets.
& k' W& s" X* AB)historical average earnings per share (EPS).
C)comparables.
. g1 \# d% l9 I: {% T: hD)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：
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