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

Kakashi_8

Question：41
* I& u8 Z" h" F9 d+ WThere 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.
1 F" \" n5 R& ?5 iD)product demographics.

Question：42
1 h4 Z  C& @" E" f" xJax, 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?
0 B1 m! g. T/ j  T5 [A)$39.47.
B)unable to determine value using Gordon model.
C)$53.32.
D)$58.24.


( H. b5 S' `) ~- O' ]( dQuestion：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
; d" ^- y3 @5 y$ ZA)earnings before interest and taxes (EBIT) less taxes.
B)after-tax interest and net borrowing.
; e' E; m" [0 y& J+ c( m. Q: pC)before-tax interest and net borrowing.
D)capital expenditures.
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! x  V+ o1 _- P! p3 U/ KQuestion：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?
5 @- x: \  J: u2 @A)0.67.
- V- w8 X) ]4 b! ?B)150.00.
C)6.67.
; c  r0 I9 m" ^- ?( r% zD)1.50.
; O6 F9 g- k% i0 k( I9 w6 x4 o0 }
  ?. ?& I' Z2 M' o* S, z0 mQuestion：45
A method commonly used to normalize earnings is the method of:
$ W! t  Q3 A. ~+ ?5 [3 X) xA)average return on assets.
" C+ E) ]2 H5 f3 A  |7 fB)historical average earnings per share (EPS).
C)comparables.
D)forecasted fundamentals.
/ ~% D% q( i8 Z5 p. N- o# J' c

Kakashi_8

答案和解答详解如下：
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