[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:
% o# J9 n) c5 o  jA)product segmentation.
- f- @+ w* F" Q. JB)ease of entry into the industry.
2 s6 D. u; H, E. D9 m- UC)degree of industry concentration.
7 l# \, T$ O4 a. _4 RD)product demographics.

& a2 T# p/ v) j" iQuestion：42
Jax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?
+ h3 n% V* c5 r$ m, u+ U3 c& p. H7 RA)$39.47.
! y  _8 ^) [$ F5 KB)unable to determine value using Gordon model.
0 o. a- U9 D( c7 z4 T% pC)$53.32.
" V9 `7 G, a  q" f" Z3 xD)$58.24.
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Question：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
, T0 Y0 i4 q$ ^4 AA)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
! O% N$ j4 F$ a9 Q; z6 O( t. E! wD)capital expenditures.
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" T$ ~7 u. o6 f% A  d) hQuestion：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.
. }; f! A, \/ [2 E  OB)150.00.
C)6.67.
D)1.50.
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$ W; H0 J& D7 G! F% |2 SQuestion：45
A method commonly used to normalize earnings is the method of:
3 y0 I' G2 G# N4 B2 S, B1 wA)average return on assets.
B)historical average earnings per share (EPS).
# d* ^8 P3 D" b% p4 q: o3 h* K' FC)comparables.
D)forecasted fundamentals.
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Kakashi_8

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