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

Kakashi_8

Question：41
6 \+ M: K( C. v. Q' f. y1 lThere 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.
C)degree of industry concentration.
- a4 K# h+ Y9 Z  S7 l" q0 R' ^D)product demographics.

Question：42
5 h7 z& h+ |' k' H) f3 T' j+ x; GJax, 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.
6 G, ?3 Q; {) Z" FB)unable to determine value using Gordon model.
C)$53.32.
3 d3 D* d2 s& F  ]6 n- m# e* v" v! yD)$58.24.
/ {$ F6 X; b5 i9 _( _3 W# i* z

Question：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
% V8 g/ V  p$ O" s( {4 E# NA)earnings before interest and taxes (EBIT) less taxes.
# t& p& i! i. w1 mB)after-tax interest and net borrowing.
4 u+ S& {' {" U  Q; @. o, qC)before-tax interest and net borrowing.
# T$ Y: t, d) d# V9 s  OD)capital expenditures.
$ i" G% P; P5 U
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.
B)150.00.
" [8 C% v& _- C- CC)6.67.
D)1.50.
5 g6 a2 t5 X& A: Y: _& t
Question：45
A method commonly used to normalize earnings is the method of:
" E$ Z. J# T$ K6 k6 [! AA)average return on assets.
0 r( ^: a4 M  qB)historical average earnings per share (EPS).
! |; ?; z; W& |7 h+ }C)comparables.
; {; R; w, h/ F& f5 W7 e5 UD)forecasted fundamentals.
' e2 U+ `, k. z! [9 M* P' ?% K
2 E/ R! r! n6 P/ N
* J0 V; R% {4 P/ n

Kakashi_8

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