[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:
A)product segmentation.
; f6 I/ w- S. n0 o( [5 @- d! mB)ease of entry into the industry.
: s# h6 i% q3 g3 K" H5 A) ZC)degree of industry concentration.
D)product demographics.

! ^& W) L7 z! K# S: U1 P0 |' p% oQuestion：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.
B)unable to determine value using Gordon model.
$ a7 z' l' O' o! f* j0 z7 z$ \2 JC)$53.32.
D)$58.24.

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Question：43
1 b6 t, ?  L2 LThe 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.
; |! i( Y3 I* a, B: Q! gC)before-tax interest and net borrowing.
D)capital expenditures.
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4 e' U9 k: G% [2 EQuestion：44
4 ?  _* h5 ?( r) ~8 n2 yGood 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?
( [) @! v( e/ f9 {; D1 D0 uA)0.67.
B)150.00.
  E$ Z  _1 c. K! {C)6.67.
D)1.50.

8 H2 q0 F5 R6 E; JQuestion：45
A method commonly used to normalize earnings is the method of:
0 }  ^; G/ T$ r1 j4 R5 WA)average return on assets.
B)historical average earnings per share (EPS).
& Z( I( `* X! `7 h0 r/ ~' cC)comparables.
D)forecasted fundamentals.

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Kakashi_8

答案和解答详解如下：
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