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

Kakashi_8

Question：41
" W8 A" @; }$ o1 FThere 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.
0 F8 M7 i* m9 h- KC)degree of industry concentration.
$ G7 M' C4 v# I' ^' f7 v" G2 wD)product demographics.
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Question：42
9 A% z8 H0 n$ i& e5 B' u7 s8 r1 e2 N7 o' yJax, 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?
/ g1 t5 R8 x+ J% \+ AA)$39.47.
: _6 w6 i0 y; U" K& R4 r. nB)unable to determine value using Gordon model.
C)$53.32.
; ^: ?. w, W! K3 y  X+ X* |D)$58.24.
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Question：43
: R( I) |/ i2 z4 n% j! U7 u' U: AThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
) B! J" {6 q0 G1 o: gA)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
$ x+ |2 F/ B, i$ c: cC)before-tax interest and net borrowing.
" g9 k9 m' o& L0 ~9 c- UD)capital expenditures.
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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?
9 O1 g# i% f. p7 a5 q) f, \& s: u9 eA)0.67.
1 X5 |2 }) \* A5 y1 WB)150.00.
0 s' t; T, s% e+ X, hC)6.67.
D)1.50.

Question：45
3 d5 ~7 S9 V- h6 U# I6 GA method commonly used to normalize earnings is the method of:
$ R+ }2 G: k8 GA)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
2 F. ]+ w$ O( s1 ]8 KD)forecasted fundamentals.
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Kakashi_8

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