SAP C-SEN-2011 Q&A - in .pdf

  • C-SEN-2011 pdf
  • Exam Code: C-SEN-2011
  • Exam Name: SAP Certified Application Associate - SAP Enable Now
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  • Exam Code: C-SEN-2011
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NEW QUESTION: 1
Given that the required rate of return on a common stock is 17%, the dividend growth rate is 13%, and the P/E ratio is 17, what is the expected dividend payout ratio?
A. 0.68
B. 0.46
C. Not enough information
D. 0.79
E. 0.43
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The infinite period Dividend Discount Model claims that the current price of a common stock is equal to D1 / (k - g), where D1 is next period's (most often next year's) dividend, k is the required rate of return, and g is the growth rate of dividends. The earnings multiplier model goes a step further by dividing both sides of the infinite period Dividend Discount Model equation by expected earnings during the next 12 months, yielding P/E = (D1/E) / (k - g). Rearranging this results in D1/E = (P/E) x (k - g). In this question, the expected dividend payout ratio is equal to 17 x (0.17 - 0.13) = 0.68.

NEW QUESTION: 2
Which two statements are true regarding roles? (Choose two.)
A. A user can be granted only one role at any point of time.
B. A role can be granted to PUBLIC.
C. Roles are named groups of related privileges that can be granted to users or other roles.
D. The REVOKE command can be used to remove privileges but not roles from other users.
E. A role can be granted to itself.
Answer: B,C

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