QUESTION 14 Which of the following stock valuation methods would not be appropriate for a company not currently paying a dividend? O a. Constand Dividend Stream method O b. Market Multiples Approach O c. Free Cash Flow Approach O d. Figure out the price of the stock when the company does begin to pay a dividend and discount it back. QUESTION 15 Which of the following "market multiples" is the most popularly used ratio in the Market Multiples Approach to stock valuation? O a. Price/Sales Ratio (P/S) O b. Price/Earnings Ratio (P/E) c. Price/EBIT O d. Price/Book Ratio (P/B) QUESTION 16 An average of the returns required by equity holders and debt holders weighted by the company's relative usage of each is the definition of O a. Discount Rate O b. Market Return c. Required Return O d. Weighted Average Cost of Capital (WACC)

Whicls of the following sock valuation methods would not be appropriate for a compasy not currently payisg a dividend? a. Constand Dividend Stream method b. Market Multiples Approach c. Freo Cash Flow Approuch d. Figure out the price of the stock when the coapany does begin to pay a dividend and discount it back. QUESTION 15 Which of the following "market multiples" is the most populatly used ratio in the Market Multiples Approach fo sfock valuation? a. Pricesales Ratio (P/s) b. Price-Parnings Ratio (P/E) c. Prise H d Price Book Ratio (P/B) QUESTION 16 An average of the refurus required by equify holden and debt holders weighted by the company relative uage of each is the defiaition of a. Discount Rate b. Market Return c. Requirod Retum d. Weighted Average Cost of Capital (WACC)