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

Kakashi_8

Question：41
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:
A)product segmentation.
B)ease of entry into the industry.
C)degree of industry concentration.
D)product demographics.
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/ N! k: b- W) {0 A7 ~Question：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?
8 f" G5 o% N3 n; pA)$39.47.
B)unable to determine value using Gordon model.
& k8 J  \+ c7 y' O' y* iC)$53.32.
6 M& E2 @3 g! \D)$58.24.

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Question：43
& c. L9 n2 \& j% U5 kThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
9 C+ \4 x' Y3 t( N' F6 TA)earnings before interest and taxes (EBIT) less taxes.
4 A; r% z* r! |% B$ ~: AB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.
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) H8 u  F  U6 X* t/ U. @5 l% aQuestion：44
( h4 @  ]% d2 v5 {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?
! k+ p! b7 n$ B7 @9 [A)0.67.
B)150.00.
  B3 ~- t7 P9 ?# D& U0 T, HC)6.67.
! k$ ]9 ?# ]& h% M0 ]% CD)1.50.
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; S/ M: |" ^* nQuestion：45
0 Y( U3 T2 b# |# T: [. |A method commonly used to normalize earnings is the method of:
A)average return on assets.
* B, O$ a7 |. RB)historical average earnings per share (EPS).
C)comparables.
. W$ ~+ a* x$ n' @% e; pD)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：

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