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

Kakashi_8

Question：41
$ z( U' P5 P$ CThere 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:
2 s1 y9 f4 s; C5 NA)product segmentation.
& \8 t9 D! x+ ]B)ease of entry into the industry.
C)degree of industry concentration.
' t& _' V% `/ Y6 sD)product demographics.
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/ L: `3 n8 `- x+ o: ^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?
A)$39.47.
B)unable to determine value using Gordon model.
; [/ s: F, `+ s/ s& A8 nC)$53.32.
D)$58.24.
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0 U0 q. H9 K6 |) e+ EQuestion：43
) Z# m! k& Y2 F% 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.
5 o  v! y( b4 o- P9 uB)after-tax interest and net borrowing.
: e( v3 x* R9 q- tC)before-tax interest and net borrowing.
7 v; B# O# N2 vD)capital expenditures.

  g8 S2 y  r( v6 w% jQuestion：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?
4 t+ _9 n. E+ h) ?A)0.67.
) X) M; N$ _- jB)150.00.
% v1 K# y0 W$ LC)6.67.
& t/ b! `3 p- ^D)1.50.

Question：45
) e3 ^2 C) H# c) MA method commonly used to normalize earnings is the method of:
. x" q, b( x% n6 Q8 R4 q% @& VA)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
. w; p2 d& y; e  l" VD)forecasted fundamentals.
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Kakashi_8

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