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Question：41
5 V" U u. f& g$ b' zThere 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:
! z1 M/ d) U$ r& D6 ]4 U3 AA)product segmentation.
7 {% |& S8 O! ?0 V6 t4 XB)ease of entry into the industry.
1 g7 p$ q0 M, M: I; e' k$ o% DC)degree of industry concentration.5 m0 k: v3 n; n0 Z J
D)product demographics.0 K) x' D, \$ i/ Q
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Question：42
8 r, j2 z. o$ y5 j. H! d0 kJax, 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?2 W9 W+ @4 G; P( F2 ~4 K% L
A)$39.47./ H; u& l" r% z7 \9 ~6 I) X
B)unable to determine value using Gordon model.' I, h, N- _1 _* d! |( ^, k, F
C)$53.32.2 n0 L/ G0 L4 y; M5 d4 y
D)$58.24.$ A' v K4 v' N7 E1 r$ l2 l
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. u# s0 T! B) P5 Q1 `1 lQuestion：43 ; N5 _9 `9 ?! H( K
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
. G# s& b8 b5 W) v3 _5 U+ ~A)earnings before interest and taxes (EBIT) less taxes.
$ x/ K* u2 }2 e% ?- t( o/ {/ {B)after-tax interest and net borrowing.
9 ?% ~ d: m% i8 [C)before-tax interest and net borrowing.8 e. C3 z# F0 `: ?# z. B8 o
D)capital expenditures.
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Question：44
F. h: Z! O8 [/ G+ r* O% EGood 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?4 |( i2 o' ]+ T8 U1 @& Q/ D
A)0.67.5 n C6 x1 J6 D5 ]' y4 b4 U
B)150.00.
1 Z, L! z6 j0 _ mC)6.67.5 D+ h6 ]2 f6 n2 y: A6 \8 A- b, n
D)1.50.3 Z5 l) b+ D# e* T
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Question：45
% E, t1 [4 {2 u3 {A method commonly used to normalize earnings is the method of:8 O0 W% { \9 n. `$ \6 l
A)average return on assets.# M7 w" ]* i* h J4 c g' `& [% O
B)historical average earnings per share (EPS).
; ?( k" G; L! V/ [2 u" EC)comparables.
6 i, O* y& U; kD)forecasted fundamentals.7 {: a2 U- o1 i" S/ h, i
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
