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

Kakashi_8

Question：41
; @3 B/ P8 ]7 J+ ~/ m- j5 F1 }1 @5 gThere 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:
! x8 L/ T4 a2 A+ |  l3 AA)product segmentation.
1 A, w2 Y+ d% _! }% ~9 D3 C9 Z0 \/ gB)ease of entry into the industry.
C)degree of industry concentration.
D)product demographics.
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; K* |/ R5 ^% w: J6 C2 R: WQuestion：42
/ X1 l+ N8 J, d0 J  a2 G% i* 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?
A)$39.47.
B)unable to determine value using Gordon model.
C)$53.32.
8 M0 t# \; J# L3 j; t+ XD)$58.24.


Question：43
# ?8 @& L+ c* ?: M3 uThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
% I1 z! ~4 ]1 G/ L9 H' ?, _A)earnings before interest and taxes (EBIT) less taxes.
/ D2 b2 k- T* v, c# G( r4 HB)after-tax interest and net borrowing.
3 Y2 \+ g: G# N  S7 g: Y+ QC)before-tax interest and net borrowing.
D)capital expenditures.

Question：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.
/ x$ v; C) {+ G* z7 H7 EB)150.00.
" N- w* `  s" u* L. ^$ A3 {+ L- WC)6.67.
D)1.50.

# _0 t4 m) s% I" lQuestion：45
A method commonly used to normalize earnings is the method of:
3 A, I+ j, W3 eA)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
- J) s& g) e, G/ lD)forecasted fundamentals.

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Kakashi_8

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