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answer a-d Stockton Mineral Operations (SMO) currently has 360,000 shares of stock outstanding that sell for $99 per share. Assume no market imperfections or tax
answer a-d
Stockton Mineral Operations (SMO) currently has 360,000 shares of stock outstanding that sell for $99 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares outstanding if: Note: Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.9., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32 . a. SMO has a five-for-three stock split. b. SMO has a 11 percent stock dividend. c. SMO has a 38.5 percent stock dividend. d. SMO has a four-for-seven reverse stock split Step by Step Solution
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