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15. (10 points) Simmons Inc. currently has 530,000 shares of stock outstanding that sell for $68 per share. Assuming no market imperfections or tax effects

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15. (10 points) Simmons Inc. currently has 530,000 shares of stock outstanding that sell for $68 per share. Assuming no market imperfections or tax effects exist. a. what will the share price be after the company has a five-for-three stock split? b. what will the share price be after the company has a four-for-seven reverse stock split? a Tetha nomnany wants it can borrow 15. (10 points) Simmons Inc. currently has 530,000 shares of stock outstanding that sell for $68 per share. Assuming no market imperfections or tax effects exist. a. what will the share price be after the company has a five-for-three stock split? b. what will the share price be after the company has a four-for-seven reverse stock split

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