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

Kakashi_8

Question：41
( e) o+ h" p. Q- 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:
  L, u4 y$ I$ qA)product segmentation.
B)ease of entry into the industry.
( m& }% @& ^& CC)degree of industry concentration.
D)product demographics.

) \, J9 M% P9 O& O+ G: aQuestion：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?
A)$39.47.
' v. e% K' j3 A4 l$ p6 N) d' CB)unable to determine value using Gordon model.
' e8 `# F7 A4 P' W( _3 F! e2 vC)$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:
A)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
# V+ g5 ~" N% L% JC)before-tax interest and net borrowing.
D)capital expenditures.

6 k& ]2 z0 x8 @! ]/ |+ r9 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?
* [# q% `# H* _" s/ ?* i! VA)0.67.
B)150.00.
) {+ V  f; y* e& BC)6.67.
, N/ U$ i  L+ w. }D)1.50.
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! K! u, }$ z. h% v% |Question：45
/ Q& Y8 b* r4 V; ZA method commonly used to normalize earnings is the method of:
1 r4 l) J3 c* BA)average return on assets.
B)historical average earnings per share (EPS).
$ X% x; E: W6 g- kC)comparables.
D)forecasted fundamentals.

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Kakashi_8

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