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Question：41 / b' W4 W! V: h$ N8 K
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:4 {# `* a( {: _5 ]; S4 `" N. e
A)product segmentation.; I/ M1 r$ }* D% f! M1 E B7 A
B)ease of entry into the industry.
* w' r5 @# D4 U3 f: U/ s+ E: GC)degree of industry concentration.$ P. X' s) v, M$ u5 M
D)product demographics.5 p9 [! y* s; Z
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Question：42
4 l. V! K8 H7 I+ C$ e1 oJax, 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?9 h) N- W0 z, r5 |0 W# I2 y4 e
A)$39.47.$ q4 T, H. r* a5 ^
B)unable to determine value using Gordon model.4 R' ^0 F. f5 `" o" [6 @" B
C)$53.32.
7 o6 R* [( B( K6 Y. u( ~D)$58.24.5 s) x, j x& V2 W" a
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9 W7 U1 J6 q1 \& d6 Q6 rQuestion：43 - J" r% m5 d2 f2 _" Q+ c
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
' ?3 `2 R4 l+ c6 ~9 }( B1 ?A)earnings before interest and taxes (EBIT) less taxes.! }, `# Z6 T# {: ]% ~- n
B)after-tax interest and net borrowing.
& g% x# |5 Z7 Z& s8 B/ K- i5 yC)before-tax interest and net borrowing.) A2 F9 G% E9 N, Q
D)capital expenditures.
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6 T, g7 u, X3 ^+ I( a6 I, e! U" PQuestion：44. _0 v% b' ?* x
Good Sports, Inc., (GSI) has a leading price to earnings (P/E) ratio of 12.75 and a 5-year consensus growth rate forecast of 8.50 percent. What is the firm’s P/E to growth (PEG) ratio?
# w' X" g& i- t9 ?8 P" UA)0.67., i* F T& m5 }
B)150.00.' d( |1 j$ W; L/ `
C)6.67.
: W; u u( u) V8 bD)1.50.+ W: T3 o7 r+ s7 v( N6 e
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Question：45 b( d6 P7 U5 M+ R0 j3 y7 C
A method commonly used to normalize earnings is the method of:: }1 z1 E' W2 p" x) n6 k
A)average return on assets.2 b" n3 a- z2 N2 l; d
B)historical average earnings per share (EPS).* m. K+ h6 ?6 T' z
C)comparables.
( |9 z$ W3 ` z; o: eD)forecasted fundamentals.# ` L1 S' A8 e' N
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+ V6 j3 Z6 [, ~* R+ [7 p& g3 r) Z, ]! q$ e
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发表于 2015-7-16 14:07:08
楼主
发表于 2015-7-22 09:26:11
