On 3/31/19, you bought 100 shares of Quinn Corporation (Symbol QCO) for $23.00. The prior twelve months earnings per share (EPS) were $2.00 per share. The consensus of Wall Street analysts is that earnings will to grow by a stunning 40% in the next year due to the insightful and visionary management of its eponymous manager and controlling shareholder, yours truly. Despite having to finance such prodigious growth, the stock paid a dividend of $0.15 last quarter and announced on the day before your purchase that it will increase the dividend to $0.20 next quarter. You sell the stock on 9/30/19 for $35.00.

1. What was QCOs trailing Price/Earnings (P/E) ratio when you bought the stock? (2 pts)
2. What is the problem with the notion of consensus earnings and/or earnings growth estimates? (2 pts.)
3. What was QCOs projected P/E ratio when you bought the stock? (3 pts)
4. Which, if any, of these two is a good P/E ratio? (1 pt)
5. What was QCOs dividend yield when you bought the stock? (2 pts) (Remember that dividend yields are calculated based on annual payouts!)
6. What was QCOs P/E / Growth (PEG) ratio when you bought the stock? (3 pts)
7. Is this a good PEG ratio? (2 pts)
8. Assuming the quarterly dividend held steady at $0.20, what was your total return, in dollars and percentages, on your QCO holding? (5 pts)
9. Was this a good return? (2 pts)