答案和详解如下： 1.The definition of a PEG ratio is price to earnings (P/E): A) divided by average historical earnings growth rate. B) adjusted for the average level of risk in the peer group. C) divided by the expected earnings growth rate. D) divided by the average growth rate of the peer group. The correct answer was C) The PEG ratio is P/E divided by the expected earnings growth rate. 2.The P/E to growth (PEG) valuation approach assumes that: A) there are no risk differences among stocks. B) there is a linear relationship between price to earnings (P/E) and growth. C) stocks with higher PEGs are more attractive than stocks with lower PEGs. D) the duration of growth rates is the same across stocks. The correct answer was B) The PEG valuation approach assumes that there is a linear relationship between P/Es and growth. It does not adjust for risk adjustments among stocks, does not adjust for differences in the duration of growth, and views stocks with lower PEGs to be more attractive than stocks with higher PEGs. 3.The relative valuation model known as the PEG ratio is equal to: A) price-to-earnings (P/E) /earnings per share (EPS) growth rate. B) earnings per share growth rate/price-to-earnings. C) EPS growth rate * earnings per share. D) P/E * earnings. The correct answer was A) The PEG ratio is equal to the price-to-earnings ratio divided by the EPS growth rate. 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? A) 1.50. B) 0.67. C) 150.00. D) 6.67. The correct answer was A) The firm’s PEG is 12.75/8.50 = 1.50. | 
发表于 2008-5-20 18:28
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