[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.
) S' K: o! R% K) X) ?2 X+ O; D& ^( t0 mB)ease of entry into the industry.
C)degree of industry concentration.
8 O' A$ Z9 r( J/ P- aD)product demographics.

Question：42
' N0 ?/ w" L) Y5 P$ ^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)$39.47.
3 k0 i4 e: V! c7 K7 |7 ?, C' K1 {B)unable to determine value using Gordon model.
- R" o6 D+ C6 q$ j- R* h) Z* J- zC)$53.32.
" b# q( D3 Y; _* U2 L: G: J0 SD)$58.24.
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Question：43
The difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
A)earnings before interest and taxes (EBIT) less taxes.
3 f1 Q# T: d$ ?2 [- fB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.

+ p/ j" j! ?, J: Q9 c/ P1 zQuestion：44
+ _" ?* T7 N1 A/ w) R+ x) E* IGood 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.
% R6 l# Y, ]" q! o2 ~1 K! |$ QC)6.67.
) L1 W5 ]$ x9 `* ND)1.50.

Question：45
A method commonly used to normalize earnings is the method of:
. s) S4 D8 ]/ I- ~A)average return on assets.
/ Z: d" x3 f/ |/ C# [B)historical average earnings per share (EPS).
C)comparables.
6 D) N# c7 f. Z- R3 bD)forecasted fundamentals.
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Kakashi_8

答案和解答详解如下：
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