<p>In recent years, students with GPAs above 3.67 have made up around 10% of the graduating class. I think we can safely assume that the percentage–maybe even the number–of students who graduate with anything above 3.9 is in the low single digits. In the last 26 years, ten students have graduated with perfect GPAs (and seven of them were transfers, iirc).</p>
<p><a href=“http://www.reed.edu/registrar/form_downloads/grades.pdf[/url]”>http://www.reed.edu/registrar/form_downloads/grades.pdf</a></p>
<p>I hope this answers your question.</p>