[单项选择]Use the following data to analyze a stock's price earnings ratio (P/E ratio):
The stock's beta is 1.2.
The dividend payout ratio is 60%.
The stock's expected growth rate is 7%.
The risk free rate is 6% and the expected rate of return on the market is 13%.
Using the dividend discount model, the expected P/E ratio of the stock is closest to:
A. 8.1.
B. 10.0.
C. 12.0.

[简答题]Analyze the morphological structure of following words and point out the types of the morphemes.
Recollection, nationalist, unearthly.

[单项选择]An increase in a firm's stock price will, all else equal, cause the price to cash flow (P/CF) ratio to:
A. decrease.
B. remain the same.
C. increase.

[单项选择]The following data pertains to an investor's stock:
The stock will pay no dividends for two years.
The dividend three years from now is expected to be $1.
Dividends are expected to grow at a 7% rate from that point onward.
If the investor requires a 17 percent return on their investments, how much will the investor be willing to pay for this stock now（）
A. $6.24.
B. $7.31.
C. $8.26.

[单项选择]Use the following data for a company leasing a machine with a capital lease: The lease period is ten years. The lease payments are $ 2980.59 at the end of each year. The firm will own the asset at the end of the lease term but the salvage value will be negligible. 8.5 % is the firm’ s incremental borrowing rate. 8% is the implicit lease rate. If the company uses straight-line depreciation, the first year’ s reported lease expense is:（）
A. $ 2635
B. $ 2980
C. $ 3600

[单项选择]Use the following data from Delta’s common size financial statement to answer the question: Earnings after taxes=18% Equity=40% Current assets=60% Current liabilities=30% Sales=$ 300 Total assets=$1400 What is Delta’s total-debt-to-equity ratio（）
A. 1.0.
B. 1.5.
C. 2.0.

[单项选择]

(66) method is the use of a data processing system to represent selected behavioral (67) of a physical or abstract system. For example, the representation of air streams around airfoils at various velocities, temperatures, and air pressures with such a system.
Emulation method is slightly different, it uses a data processing system to imitate another data processing system, so that the imitating system accepts the same data, executes the same programs, and achieves the same (68) as the imitated system. Emulation is usually achieved (69) hardware or firmware. In a network, for example, microcomputers might emulate terminals (70) communicate with mainframe.

（66）处填（）。
A. Assembly
B. Simultaneity
C. Fraud
D. Simulation

[填空题]use

[简答题]stock listings

[单项选择]Relative to stock exchanges, OTC stock markets do not: （）
A. trade a higher volume of securities. 
B. trade a higher market value of securities. 
C. trade a larger volume of U. S. Government bonds.

[单项选择]
What is price Price is often said to be the amount of money people must have to get something (19) .That is to say, we take prices as a formal (20) indicating the quantities of money needed to acquire a given quantity of goods or services. When a loaf of bread is (21) as $0.50, it means the seller provides one loaf of bread and the buyer (22) $0.50.
If a seller wishes to change prices, what can he do There are several ways to do that. Suppose when there is a (23) of sugar cane, there will be an increase in the price of sugar. (24) the seller can change the price by increasing the quantity of money to be given by the buyer. This is the first way. The second way to change price is to change the quantity of goods and services. If the quantity of a product remains (25) , but the quality has been decreased, then the price has (26) increased.
A. By
B. In
C. According to
D. Under