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

Kakashi_8

Question：41
" ^6 c( h+ \2 h$ ^: h/ f' [9 W; }1 R4 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:
9 B4 ?  w( u- K: s" dA)product segmentation.
B)ease of entry into the industry.
C)degree of industry concentration.
$ {3 e8 \, W. X1 s6 L1 k. kD)product demographics.

* ]7 h, C/ e  X: o4 zQuestion：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?
' G) q, z7 Y0 [5 C; ~, Q4 X8 |A)$39.47.
5 m+ W% j  G4 ?" W% z  `% xB)unable to determine value using Gordon model.
7 a& [. X3 A3 Q1 N/ P* qC)$53.32.
8 D; |3 f; O# [- P; LD)$58.24.
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. [( g0 `$ p0 U/ c) AQuestion：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
6 `3 {2 l' _! _& P& z; p. a0 {A)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
/ v. j/ |# X! L/ H( h) P6 XC)before-tax interest and net borrowing.
D)capital expenditures.

, z8 ^6 S! x3 A0 G2 IQuestion：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.
. L% L0 t, L4 k) [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.
D)forecasted fundamentals.
3 c: I2 V, B/ `3 M/ {

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Kakashi_8

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