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

Kakashi_8

Question：41
$ y' p2 i% g" Z( w1 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* \0 z1 p1 b+ [B)ease of entry into the industry.
C)degree of industry concentration.
$ n4 j( k; o) `' KD)product demographics.
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Question：42
; a; a4 h7 R# B3 DJax, 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?
- ?8 U5 e' O! l/ J% ^  VA)$39.47.
B)unable to determine value using Gordon model.
* t+ G4 g- k) s8 p, zC)$53.32.
D)$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:
A)earnings before interest and taxes (EBIT) less taxes.
1 {* D  x! @& K/ G( w8 u) gB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
7 }# p. B! O5 D2 M' Q5 nD)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.
& Y) Y1 f0 F* V+ d, Z! U5 u; }B)150.00.
; i) m& [6 Q5 R# [, _, J% fC)6.67.
) j7 A. {  F$ }6 O* K) ID)1.50.
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/ P) z5 ]# d; }, n& IQuestion：45
A method commonly used to normalize earnings is the method of:
A)average return on assets.
& l" V* H5 |( O" d! U- L# IB)historical average earnings per share (EPS).
5 e% n8 O% R) w7 oC)comparables.
8 ?# z! z  v; _6 i: \8 |& X6 U3 z5 ID)forecasted fundamentals.


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Kakashi_8

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