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Question：41
+ Y4 Q7 a" P; j" {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:
- O8 d0 X2 q8 C, r" g. `& ~# A3 XA)product segmentation.
) Q3 F5 Z/ h6 L& B3 a* lB)ease of entry into the industry.2 W) `- v( l/ `. d
C)degree of industry concentration.
9 E$ Z0 f6 D8 a: Y) }& C" X2 E- |D)product demographics.
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Question：42
" i7 q4 }# t* G* J9 @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?9 t! b3 `: E% A6 {1 g! q1 j6 M
A)$39.47.
/ V2 A3 r8 ?& w# E! M8 sB)unable to determine value using Gordon model.
# e. C# }: o1 d4 j. {7 m Q6 [: \C)$53.32.
* G: M2 Y0 q* P2 Q3 l. A2 t' ` E, ]D)$58.24.
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$ g, t/ m" \! o+ p& S* }3 e; yQuestion：43 ' I4 B3 R0 ?# N- F m) z
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
$ c3 f8 S. z' L0 s0 ~A)earnings before interest and taxes (EBIT) less taxes.
8 s& m. S7 k+ f: A" H& q* N+ eB)after-tax interest and net borrowing.( r% q/ P4 K) o* R8 j
C)before-tax interest and net borrowing.
d* W; G1 J! F- m+ KD)capital expenditures., w& O4 O4 ~9 L5 @; y
# [2 j7 Q1 X% v& M, |; e/ ]Question：44
: Y* d2 _( i( k% m6 eGood 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?5 q5 L+ X @* D" q: \" H
A)0.67.+ l( u& ]8 c) i' f
B)150.00., y7 I* B9 j+ p# o6 a/ |7 i
C)6.67.
3 t* e5 r! m7 |* ~* LD)1.50.
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Question：45
; V- `; r1 ^4 \1 OA method commonly used to normalize earnings is the method of:
+ H3 A2 D/ G" [' ~0 v' W% x7 SA)average return on assets.
+ |& q5 K# s+ ~B)historical average earnings per share (EPS).9 C' {4 z5 S7 E% k- c
C)comparables.
" w- F" v2 C. c* A( J. d6 A: zD)forecasted fundamentals." C) _) n3 b+ W* e
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
