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Question：41
2 ~7 _$ ^7 S- P- `9 PThere 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:0 g! T/ o1 k4 Z2 |& A
A)product segmentation.6 q* ?* e# W; U f: M5 R
B)ease of entry into the industry.5 S+ X6 ]* z; i: _- |( {
C)degree of industry concentration.
2 ?% W8 w1 Q9 W% G% ^' OD)product demographics.
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Question：42
m8 d1 K( ?+ j2 N7 fJax, Inc., pays a current dividend of $0.52 and is projected to grow at 12 percent. If the required rate of return is 11 percent, what is the current value based on the Gordon growth model?- P0 ?2 N$ W. T& ]; y+ m- m( B
A)$39.47.2 F, @" h, L" P
B)unable to determine value using Gordon model.
, P- ?& O8 _3 p+ [& R% e' vC)$53.32.
9 R: q2 v0 B3 [4 RD)$58.24.) j' V, I1 F5 x2 ~ ?! I
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( K8 G# M# q" \, d$ I# j8 NQuestion：43
+ S4 K# x, x7 CThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:& V o$ F1 v# k% b
A)earnings before interest and taxes (EBIT) less taxes.9 I1 t( } k0 ~) B/ U0 D
B)after-tax interest and net borrowing.
% f8 X* s/ A2 uC)before-tax interest and net borrowing.
/ R5 @( [: ]& TD)capital expenditures.
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Question：44% @- w# [" E) S2 X
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?
3 p& @) F( b: B2 W& D/ SA)0.67.
2 d [' D& T* F+ EB)150.00.
1 U8 e. y; K, s0 m( j% LC)6.67.. _, y/ ?( b2 ?' Z- B: H' x
D)1.50.
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$ n0 D/ B, o f3 a3 e4 [Question：45. K+ U5 {# E3 t6 C9 A
A method commonly used to normalize earnings is the method of:% b5 y; f1 ?4 {1 A6 f
A)average return on assets.
* p: H) o4 k- R1 V1 ~3 l( K$ r/ L0 g/ VB)historical average earnings per share (EPS).4 F2 b, Z, y* Y6 o
C)comparables.- T& y- U' I* D- o
D)forecasted fundamentals.
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
