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 your shares?

Share Price After Dividend Dividend per Share Year 2010 $58.00 $4.50 S60.75 $4.75 2011 2012 $65.25 $5.25 S68.50 $6.50 2013 2014 $7.00 $70

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