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

Kakashi_8

Question：41
5 n  \, {# z( _* I; A" NThere 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:
$ u4 v( K" m! u+ H8 p  f, I, QA)product segmentation.
. n6 N6 O# ?! m+ yB)ease of entry into the industry.
C)degree of industry concentration.
% D: ?! l, H& Y4 q. Q) VD)product demographics.

Question：42
! M  m) k, t7 a1 IJax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?
% E( B' l* s0 c7 a$ s" p# cA)$39.47.
B)unable to determine value using Gordon model.
5 a  Z/ l8 @  L: G5 Z. p6 FC)$53.32.
D)$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:
A)earnings before interest and taxes (EBIT) less taxes.
; V* @" k) i2 O9 e% KB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.

Question：44
: ~. o! g/ @: y) t1 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?
9 P$ [9 H8 \. ?, xA)0.67.
2 Q* a# C( P& y0 j. K) ]B)150.00.
! U  c$ Q& {; _7 zC)6.67.
D)1.50.
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Question：45
A method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
. h" D+ J- b6 T4 e9 XC)comparables.
D)forecasted fundamentals.

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Kakashi_8

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