[LEVEL II 模拟试题] Mock Level II - Question 41-45

Kakashi_8

Question：41
$ M  E3 X" U5 i& u; QThere 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:
  M; N8 j+ y5 }A)product segmentation.
B)ease of entry into the industry.
6 O6 S2 \5 W1 M% o& w) ^$ [0 mC)degree of industry concentration.
D)product demographics.

# Y4 ?! C& a- SQuestion：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)$39.47.
5 r- _6 `9 C% u0 U9 e) r$ L) }. IB)unable to determine value using Gordon model.
6 y8 j* x+ W; z9 o5 c+ `C)$53.32.
; Q- u% ^! H' S( N. |D)$58.24.


Question：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
! ]/ q6 {. Q# y( h$ eA)earnings before interest and taxes (EBIT) less taxes.
7 q8 r& Z6 d6 `1 i1 n* k* ]* m. vB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
: R; v# B( o) w7 F! s) I$ o1 ^, G, Q+ CD)capital expenditures.

Question：44
. Q# x( Y+ B& s2 G5 Y+ T6 R7 {: C7 |1 UGood 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.

' a& Z+ M9 U% N7 B3 p6 K! eQuestion：45
5 w3 v' h1 W4 |: O4 n0 {A method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
- F3 ^$ Z1 d& q) I! _D)forecasted fundamentals.

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Kakashi_8

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