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Question：41 / [3 \: V0 P0 U
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:
( D* [5 q1 C9 y# {1 N% |A)product segmentation.
. B! B3 ~2 \$ G1 q9 J F: K; p% z' \2 cB)ease of entry into the industry.: S5 ?2 o5 @; n
C)degree of industry concentration.3 u7 y# A0 C7 L4 A1 j" W& X
D)product demographics., ?5 h9 M; T U8 U6 F- Y- M, T
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Question：42 1 `* T! X9 [7 E' X# s6 k% C5 U* D9 a5 j
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?
- _# ~: ?; W# jA)$39.47.
H1 t b# s; b* D* [ R$ {5 SB)unable to determine value using Gordon model.+ h8 j0 h6 s! z2 N- g
C)$53.32.
* F) ]# R" s; G& ?D)$58.24.2 J) v! G+ R9 S7 C
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Question：43
3 E! k4 w# M8 l* |The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
% S9 x% b( ~- B7 vA)earnings before interest and taxes (EBIT) less taxes.5 b+ i$ W+ F, j7 j1 L2 ] g
B)after-tax interest and net borrowing.
7 m9 d) e) [# S2 fC)before-tax interest and net borrowing.
8 S) R: q% F8 V7 z/ KD)capital expenditures.
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. }( R" Y4 |9 q& ?Question：44
w4 m" z% o& K3 P3 PGood 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?
- N$ R1 I" d, l- A) z5 @A)0.67.7 v9 P M0 l+ }# d! i3 T
B)150.00.3 Z) X$ m. F7 B" X. {; v
C)6.67.4 G) J- h* Z% P1 t1 N( \
D)1.50.: C6 o3 d+ I, B1 \$ R* Z+ h2 b
8 G" D- q4 Z; P: q+ DQuestion：45
2 u* E t7 n* p$ F* v7 bA method commonly used to normalize earnings is the method of:
/ _5 T8 k( ]6 [2 Z7 kA)average return on assets.% a5 D& G! j- i
B)historical average earnings per share (EPS).
7 c2 G+ d" ^( I( B) eC)comparables.0 w, L4 S6 }5 k. V0 E0 x' r) |& t
D)forecasted fundamentals.+ Y: ^! B! `. L z/ D' s
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
