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Question：41
9 \) T* j# q, L- a% FThere 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:
/ p4 Q. I/ [. e3 UA)product segmentation.+ s6 }9 ~# x7 I+ [
B)ease of entry into the industry.
1 s; R( d4 y" R% W$ V8 CC)degree of industry concentration.; N7 k- u$ z' ?9 g
D)product demographics.8 j: B( V6 S, q0 z3 [ K+ r+ A
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Question：42
3 z" o" S+ V7 J/ H8 s4 i' G: GJax, 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?
$ d# _6 ]3 p0 |- O* j' ^8 G3 dA)$39.47.
9 d* R _3 j& @6 n1 ^+ hB)unable to determine value using Gordon model.
8 w% Q" j& _" @5 A# i* n7 e: }* hC)$53.32.. N, q7 {$ H6 ]) T7 ?7 T
D)$58.24.2 }/ }9 Q. f, B3 [' s6 o
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Question：43
^( G" a& n8 X0 H7 |, ^# NThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:, T: K( ^" p+ F1 d1 s6 a2 |
A)earnings before interest and taxes (EBIT) less taxes.7 Z! V3 H9 e- F; d0 G( }" ^9 a
B)after-tax interest and net borrowing.
2 E$ D" }: ], |( S9 N4 f5 T2 GC)before-tax interest and net borrowing.6 [; s; @( Z U) f
D)capital expenditures.. m1 c& H. u5 W
& E/ b" S3 o0 E* w6 DQuestion：44
! B, X8 s& a% v; Z# TGood 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?
2 _/ l c" `* |A)0.67.6 t- G7 s& s7 R
B)150.00.
2 z) v0 `; ? A/ n( ~" [C)6.67.3 [! p1 F2 g9 O" B. V- a. [7 V0 b
D)1.50.
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. z! L! Q" I- [* c$ Z' {" dQuestion：45) v' P- G* B" t. Y) P7 s& X% Z
A method commonly used to normalize earnings is the method of:# E" g4 m+ s8 H, F( Y
A)average return on assets.5 m# b) S% M* u& {7 K- }
B)historical average earnings per share (EPS).
7 w% [2 g" k& _5 m6 M. u% RC)comparables.
$ e0 `( s; _ V- L- t1 b) HD)forecasted fundamentals., _* m% _: A2 T/ N6 y2 X+ J
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
