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B D E F G H 1 J K Chapter 17 - Dropbox 4.4 Problem 1: Stock Splits and Stock Dividends Simmons Mineral Operations, Inc.,
B D E F G H 1 J K Chapter 17 - Dropbox 4.4 Problem 1: Stock Splits and Stock Dividends Simmons Mineral Operations, Inc., (SMO) currently has 490,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exist, calculate both the share price and number of outstanding shares after: a) SMO has a five-for-three stock split? b) SMO has a 15 percent stock dividend? C) SMO has a 42.5 percent stock dividend? d) SMO has a four-for-seven reverse stock split? Create your Original Solution Below. Be sure to show all calculations and clearly indicate answers
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