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

Kakashi_8

Question：41
: Z( g8 u! h# C) u( D- j7 l. y2 AThere 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:
" c6 k, M- @5 `6 G) CA)product segmentation.
B)ease of entry into the industry.
# o  s1 U' v; M' P' yC)degree of industry concentration.
D)product demographics.
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! F$ Z: \" Q; q/ S3 ZQuestion：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.
C)$53.32.
D)$58.24.
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9 p/ o# a9 Z7 \. ~/ [( o: h+ I2 ZQuestion：43
! |# c1 u( ?0 q# @6 S2 }8 FThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
. |  B2 B0 Z4 p9 W/ o& g8 q: tA)earnings before interest and taxes (EBIT) less taxes.
5 _; `+ i5 S9 F. D- N3 WB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.
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Question：44
Good Sports, Inc., (GSI) has a leading price to earnings (P/E) ratio of 12.75 and a 5-year consensus growth rate forecast of 8.50 percent. What is the firm’s P/E to growth (PEG) ratio?
1 X+ v4 m& W) m8 i8 ]$ {! \A)0.67.
B)150.00.
C)6.67.
5 U& _4 E0 v7 w# wD)1.50.
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( Y, v* ^% x6 JQuestion：45
A method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
0 O$ J: ]) W3 v7 h' S  TC)comparables.
D)forecasted fundamentals.
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Kakashi_8

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