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

Kakashi_8

Question：41
  @' Q5 T* z- B- ]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.
* L2 I, ]5 \6 x: G3 JB)ease of entry into the industry.
: B$ i6 _& r7 a$ `C)degree of industry concentration.
D)product demographics.

! i5 Z2 I7 O; W! HQuestion：42
5 l' `- V' y6 y2 V, CJax, 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)$39.47.
B)unable to determine value using Gordon model.
9 \/ L. U5 f$ C+ H& Z! E! A. MC)$53.32.
, o: d. g7 y! [+ ^$ |; m% \9 yD)$58.24.
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) P3 v  m( w. ]' QQuestion：43
: m1 ~, e, [( W) V) J/ k2 VThe difference between free cash flow to equity (FCFE) and free cash flow to the firm (FCFF) is:
A)earnings before interest and taxes (EBIT) less taxes.
- t" d8 f! E' H9 s3 u- h2 i1 KB)after-tax interest and net borrowing.
C)before-tax interest and net borrowing.
D)capital expenditures.
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- E) u, L. K$ m: j/ `9 JQuestion：44
3 R6 H$ {$ ]: }4 }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?
; [, s' G3 w' p- t) p1 f6 g0 }$ F' gA)0.67.
B)150.00.
+ s7 Q5 w: O- jC)6.67.
- d! H. b3 z7 A1 N! o! eD)1.50.

5 n: n7 u: ~3 i% f0 ?! ]5 a& gQuestion：45
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.
; w# w/ _- ]" ]7 A- J
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Kakashi_8

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