Question 91
Which of the following is most likely an example of how a change in lifestyles affects industries?
A) Increasing demand for restaurant meals as more families have two employed spouses.
B) Increased demand in the construction, furniture, and other related industries as a large portion of the population reaches young adulthood. C) More widespread use of perpetual inventory systems in the retail industry. D) Greater demand for domestically produced goods resulting from an increase in tariffs on imports. Question 92
Using the following information about a company, the price to book value (P/BV) ratio is closest to:
Current Assets = $50 Short-term Debt = $50 Gross Fixed Assets = $250 Long-term Debt = $75 Accumulated Depreciation = $100 Price per Share = $45 Number of Shares of Stock Outstanding = 10
A) 7.0.
B) 6.0. C) 5.0. D) 4.0.
Question 93
In the earnings multiplier model for stock valuation, the:
A) leading price-to-earnings ratio depends on the expected dividend payout ratio.
B) dividend payout ratio is the main determinant of the price-to-earnings ratio. C) trailing price-to-earnings ratio is divided by the difference between the required rate of return on the stock and the constant growth rate of dividends. D) required rate of return on the stock must be less than the constant growth rate of dividends. Question 94
Which of the following statements about security markets is least accurate?
A) An underwriter provides origination, risk bearing, and distribution.
B) Well functioning securities markets offer internal and external efficiency. C) Well functioning securities markets provide liquidity and timely and accurate information. D) New shares of firms already trading on the exchange are called shelf issues. Question 95
Stocks in general are least likely to be an attractive investment in which stage of the business cycle?
A) Recession.
B) Recovery. C) Late expansion. D) Early expansion.
[此贴子已经被作者于2008-11-8 15:35:49编辑过] | 
发表于 2008-5-26 13:37
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