[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:
- v9 o( @: g# lA)product segmentation.
- O$ b* g$ t% t0 N$ c/ k% }& eB)ease of entry into the industry.
3 e' y2 X! G) ?2 PC)degree of industry concentration.
D)product demographics.

Question：42
1 _" y) p/ Y& }. ~9 y7 q$ V  SJax, 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?
' P% g" s6 E1 sA)$39.47.
* E" r; g3 Y! M. ^3 RB)unable to determine value using Gordon model.
C)$53.32.
D)$58.24.
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- ~% t; J: C4 e0 u/ FQuestion：43
/ Q5 M# J' a+ uThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
7 z  ]) O7 k0 R( ]/ cA)earnings before interest and taxes (EBIT) less taxes.
" B9 M) _. o+ Z4 E4 j, P: u0 a+ b5 BB)after-tax interest and net borrowing.
0 X: k4 M; T, BC)before-tax interest and net borrowing.
- y0 f: {% t6 j: wD)capital expenditures.
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Question：44
' U. Z  |% x1 w1 b) CGood Sports, Inc., (GSI) has a leading price to earnings (P/E) ratio of 12.75 and a 5-year consensus growth rate forecast of 8.50 percent. What is the firm’s P/E to growth (PEG) ratio?
A)0.67.
B)150.00.
C)6.67.
D)1.50.
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9 ]7 p2 d9 m$ A4 m/ vQuestion：45
8 q9 v  R+ y8 p( AA method commonly used to normalize earnings is the method of:
- J, a6 J4 ?$ |  c+ S% T3 i7 zA)average return on assets.
% e+ m% e* F' A/ D% fB)historical average earnings per share (EPS).
, M7 G; |; q/ iC)comparables.
9 ?0 h( K5 z: Y  L% ^D)forecasted fundamentals.


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Kakashi_8

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