[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:
; j: I" ~8 k# O! t: u9 UA)product segmentation.
B)ease of entry into the industry.
  M  P4 C2 b# R: @! BC)degree of industry concentration.
D)product demographics.

6 z6 \# b' M% SQuestion：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?
A)$39.47.
B)unable to determine value using Gordon model.
/ ]" {7 E$ \  N. w- \C)$53.32.
D)$58.24.
+ B+ w9 L; X  k& {8 b! b
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3 V2 F& ^9 m, mQuestion：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
+ f7 g/ i& c" |" s% y$ {9 eA)earnings before interest and taxes (EBIT) less taxes.
( \0 O! H7 r6 g- T: J3 fB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
9 B0 E+ i( T! d) B& @D)capital expenditures.

; h. O* n2 t" z6 X  W5 bQuestion：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.
( ]) H1 z! |- X7 N# T3 QB)150.00.
C)6.67.
/ Z+ Z& r* U/ M0 y2 R8 J+ qD)1.50.
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Question：45
, e  |$ {1 |1 Y' X) o1 v' N% [# GA method commonly used to normalize earnings is the method of:
& i% G' ^+ R1 e) l, t0 h6 h$ J. AA)average return on assets.
, X1 R3 C9 Q5 L% W4 p( w7 ]& fB)historical average earnings per share (EPS).
. c, j2 X) t7 K, NC)comparables.
D)forecasted fundamentals.


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Kakashi_8

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