[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.
( z- F: }) B( a/ ~: V  o% a, uB)ease of entry into the industry.
C)degree of industry concentration.
7 o% Q# L( l/ m5 |: f  `1 A0 s' [D)product demographics.

Question：42
. U! P/ z  `# L& o0 \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?
" L" a& h3 H0 ^: z/ ^A)$39.47.
3 r' C- Y. D& Z$ H+ Q7 p! {B)unable to determine value using Gordon model.
C)$53.32.
D)$58.24.
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Question：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
1 f) a8 I4 h' `A)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
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?
! v) ~1 c- {* U2 L6 _8 E  A8 q) vA)0.67.
B)150.00.
C)6.67.
D)1.50.
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Question：45
, W, r, f* B% G  aA method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
) ]5 v  Y# i) l2 t4 lC)comparables.
$ ~3 f9 B  |( sD)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：
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