[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:
* Y7 G6 e3 o% N% X3 GA)product segmentation.
1 h: B) Z) v7 \- x8 ^) d0 y9 rB)ease of entry into the industry.
C)degree of industry concentration.
* c9 Y5 g3 p; L, Q( S- F+ HD)product demographics.
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- ~7 t' }$ v3 R- c7 }4 `5 M" cQuestion：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?
$ C- A( z! c" P; A* X) K' VA)$39.47.
9 V  ~; c1 u8 R' t# p  pB)unable to determine value using Gordon model.
C)$53.32.
D)$58.24.


% P1 R. T$ z$ A0 ^, ]9 W' O5 MQuestion：43
! b5 g% P9 K$ dThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
. [& J3 e( z* p4 z( }! KA)earnings before interest and taxes (EBIT) less taxes.
/ |: V! u; K& PB)after-tax interest and net borrowing.
) w0 D" v- b; s) {. u  o  }C)before-tax interest and net borrowing.
D)capital expenditures.
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. T; _  G  t; B* G$ f& s! l( lQuestion：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.
B)150.00.
C)6.67.
) a8 E+ D3 V/ H1 C2 mD)1.50.
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3 q# s* P  T1 x2 AQuestion：45
9 m0 t- K' g2 G9 E' \A method commonly used to normalize earnings is the method of:
9 V8 e: e2 |% @3 t, u: A" vA)average return on assets.
. P, [8 T* G, K' v2 o& DB)historical average earnings per share (EPS).
. h  t" M4 n4 s+ D# nC)comparables.
D)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：

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