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

Kakashi_8

Question：41
There 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 }$ \- n1 \! C% mA)product segmentation.
) y( i' L* ~. U% H6 k7 {# lB)ease of entry into the industry.
0 o' F4 b& ?# O+ tC)degree of industry concentration.
D)product demographics.

3 N( Q7 X0 O* n; ]! WQuestion：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?
* W7 u& a2 v* g8 u; IA)$39.47.
7 h7 J+ Z2 j* S: ^B)unable to determine value using Gordon model.
) X7 i' _% \+ P9 c" W5 I! wC)$53.32.
D)$58.24.


  m/ L5 [) [( D" o# J8 p$ JQuestion：43
% e  N8 ]+ X* u8 Y2 Q' m, vThe 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.
* M4 h: y$ b8 VB)after-tax interest and net borrowing.
* S4 ?7 b2 x  A$ EC)before-tax interest and net borrowing.
1 F+ y+ U" h5 ^$ s# [D)capital expenditures.
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Question：44
$ V  A) r; h) ~5 P' i+ rGood 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.
, Z4 a. W1 ?. s: _2 f+ OB)150.00.
C)6.67.
D)1.50.

2 w, x9 l- v5 S0 HQuestion：45
. N* j* N" {1 e6 UA method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
; y! _% b) K. C& p. P+ y- h- a3 nD)forecasted fundamentals.

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Kakashi_8

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