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

Kakashi_8

Question：41
, k; E/ \) r% x7 k0 O" dThere 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:
A)product segmentation.
B)ease of entry into the industry.
8 v9 J5 U0 B; A. Z# EC)degree of industry concentration.
D)product demographics.

Question：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?
$ h6 L+ B- S2 y2 I  o+ r$ pA)$39.47.
0 c0 ]% ]4 s3 q+ X! PB)unable to determine value using Gordon model.
C)$53.32.
! C" W2 y4 i; W2 `! yD)$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:
6 G3 v! q2 |8 T7 y" f5 T  eA)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.
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7 P3 S; x5 z: }) Y! e( uQuestion：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.
B)150.00.
C)6.67.
) Q7 o8 m& t) ~5 Q& Y" BD)1.50.

Question：45
6 M2 V$ z4 L9 b( |8 k: C0 ^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.
D)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：
. B1 a' F  ~. U- E$ K, H4 h
2 D) O9 C6 \1 P1 P" u

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