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

Kakashi_8

Question：41
, G6 S' g; k3 JThere 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.
' A$ r5 E. m3 c- QB)ease of entry into the industry.
' k4 Y5 Q, z% l  q8 `2 X' nC)degree of industry concentration.
; M- {0 T& V$ r8 h* MD)product demographics.

% d; r; d- n/ g  M, `1 @) h, L; kQuestion：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?
1 A6 w& ]; @) v8 |; k) Q1 KA)$39.47.
% N. u7 H! ?: IB)unable to determine value using Gordon model.
7 ^5 n1 a! C' w+ S. V1 k; xC)$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:
" z+ |' m! H: D9 WA)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
$ t  X+ G' ^, WC)before-tax interest and net borrowing.
D)capital expenditures.
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Question：44
6 a6 b+ V& r; v: _, o* O/ _+ DGood 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.
" f$ w4 g( l, J) r! d! BC)6.67.
% a  j1 u5 j" u: r! g$ m- I3 ^D)1.50.
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0 h& T, T& o  xQuestion：45
A method commonly used to normalize earnings is the method of:
1 p5 H$ I( e5 u8 @A)average return on assets.
$ n" d* q0 G- s$ m1 W$ o' qB)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：
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