2015年CFA每日一练(3月10日) 1. ?For relativevaluation a peer group is best described aspanies:? A)in a similar sectoror industry classification.? B)at a similar stageof the industry life cycle.? C)wit
2015年CFA每日一练(3月3日) puterearned per share last year has a retention ratio of 55 and a return onequity (ROE) of 20. Assuming their required rate of return is 15 how muchwould an investor pay for
2015年CFA每日一练(3月13日) an analyst estimates the intrinsic value for a security that is differentfrom its market value the analyst should most likely take an investmentposition based on this difference
2015年CFA每日一练(3月1日) 1 . One advantage ofusing price-to-book value (PBV) multiples for stock valuation is that:? A most of the time itis close to the market value.? B)it is a stable andsimple benchma
2015年CFA每日一练(3月7日) threat ofsubstitute products is most likely to be low for a firm that:? A)produces amodityproduct in an industry with significant unused capacity.? B)operates in afragmented
2015年CFA每日一练(3月17日) shares most likely:? A)can be exchanged fomon stock at a ratio determined at issuance.? B)give the shareholderthe right to sell the shares back to the firm at a specific pr
2015年CFA每日一练(3月8日) 1. Given thefollowing estimated financial results value the stock of FishnChips Inc.using the infinite period dividend discount model (DDM).? §Sales of 1000000.? §Earnings of 1
2015年CFA每日一练(3月12日) the value of amon stock that last paid a dividend if therequired rate of return on the stock is 14 percent and the expected growth rateof dividends and earnings is 6 percen
2015年CFA每日一练(3月15日) 1. Assuming that as return on equity (ROE) is 12 and the required rate of return is 10which of the following would most likely cause the s PE ratio to rise? A)The firms ROEfalls.
2015年CFA每日一练(3月6日) price to bookvalue ratio (PBV) is a helpful valuation technique when examining firms:? A)with older assetpared to those with newer assets.? B)that hold primarilyliquid asset
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