[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:
A)product segmentation.
B)ease of entry into the industry.
C)degree of industry concentration.
$ @; _5 ]9 }: RD)product demographics.
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Question：42
$ u1 ^# E: A. dJax, 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)$53.32.
8 W8 O0 p% l1 f1 g$ a# D( x# ND)$58.24.
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Question：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
; ^' X" ]. g  U. ^6 oA)earnings before interest and taxes (EBIT) less taxes.
/ K8 p; k; n1 D- `4 P5 ~B)after-tax interest and net borrowing.
+ h4 F/ j9 X- B( u$ q. H; rC)before-tax interest and net borrowing.
+ h8 C# q: V) X2 O8 P% Z# ED)capital expenditures.

Question：44
3 D( C: e- X" H+ y* }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?
9 R. y* S& `! n8 b8 _0 \' m* v5 i0 lA)0.67.
' t4 p/ m: W8 x& OB)150.00.
$ j2 B: b5 I  ]& oC)6.67.
9 }- e4 t. C% w  ^+ O( hD)1.50.
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Question：45
( X  P% i7 p; X/ Y8 R9 I6 `A method commonly used to normalize earnings is the method of:
A)average return on assets.
B)historical average earnings per share (EPS).
C)comparables.
D)forecasted fundamentals.
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Kakashi_8

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