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

Kakashi_8

Question：41
* l* d3 i' c9 pThere 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.
& T' ~& k9 |2 GB)ease of entry into the industry.
) O$ `! Y6 |+ U; qC)degree of industry concentration.
/ Y( u0 l+ F* K8 PD)product demographics.
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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?
9 C% S3 C* X" R2 F; {A)$39.47.
B)unable to determine value using Gordon model.
C)$53.32.
D)$58.24.
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Question：43
1 s( g3 s+ g& P: z% b- YThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
A)earnings before interest and taxes (EBIT) less taxes.
" k. o8 @% R7 W4 O# H  F5 S* h( x- NB)after-tax interest and net borrowing.
0 U2 j1 q9 g. B: h" v7 I2 }5 ?C)before-tax interest and net borrowing.
D)capital expenditures.
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4 ]' H/ A# o1 e0 ~1 FQuestion：44
, I0 t1 k  o. Q% TGood 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?
+ G, A: G% _8 l5 a0 n; w2 m6 @A)0.67.
B)150.00.
C)6.67.
' k, |* Z* e6 Z; {6 }9 O' DD)1.50.

Question：45
: ?! W0 _  x  C; b9 _: mA method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
1 k% h4 I- F# z: uC)comparables.
D)forecasted fundamentals.



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Kakashi_8

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