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

Kakashi_8

Question：41
" c0 F) B4 i! {$ _1 R) Q% o; 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:
A)product segmentation.
B)ease of entry into the industry.
. G! F. S! {5 v" R/ PC)degree of industry concentration.
( Z/ j' [0 W2 C7 v6 SD)product demographics.
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Question：42
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?
7 W4 [% {7 o# G) M& v+ TA)$39.47.
+ \6 _+ n* ?. YB)unable to determine value using Gordon model.
C)$53.32.
D)$58.24.

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  E- t/ v$ }) L0 i% b, V' e9 oQuestion：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.
C)before-tax interest and net borrowing.
% n/ C# |' r$ e, u8 j: p: cD)capital expenditures.

% R! \3 v, b2 p! J( {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?
A)0.67.
B)150.00.
C)6.67.
D)1.50.
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Question：45
) T0 x, O, @# D2 @A method commonly used to normalize earnings is the method of:
* C1 G& }. L' y: F' QA)average return on assets.
  ?' k) _6 E. X% e1 F  U* `B)historical average earnings per share (EPS).
C)comparables.
D)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：
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