Question: Comtrak Inc. has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following

Comtrak Inc. has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following dividends.

If you started with 100 shares of stock at $58 per share and participated fully in the DRIPS program, how many shares of stock would you have at the end of the five years, and what would be the total value of yourshares?

Share Price After Dividend per Year Dividend S58.00 $60.75 S65.25 S68.50 $70 Share 2004 2005 2006 2007 2008 S4.50 S4.75 $5.25 S6.50 $7.00

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