[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:
. Z/ g) g$ z* o, wA)product segmentation.
& M8 y" ?, ?1 {B)ease of entry into the industry.
( s$ o: Q+ S" F1 b' OC)degree of industry concentration.
D)product demographics.

Question：42
5 `( C- R. T" G2 |* xJax, 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?
A)$39.47.
' Q5 s& S( h# i6 m5 V. L* S' @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:
/ ]7 ~6 v1 J6 X% k( lA)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
9 v2 |  Y, y6 R( B. B8 S) G7 o1 }/ Y- hC)before-tax interest and net borrowing.
D)capital expenditures.

Question：44
4 i, \, E+ E5 t( V* ^8 b: uGood 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* u7 I8 V* p, d! T  Y* Z) WA)0.67.
B)150.00.
C)6.67.
D)1.50.

Question：45
A method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
7 z0 x5 |) K; W/ a' V- `0 t8 KD)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：
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