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b. Simmons Mineral Operations, Inc.. (SMO) currently has 440,000 shares of stock outstanding that sell for $70 per share. Assuming no market imperfections or tax
b. Simmons Mineral Operations, Inc.. (SMO) currently has 440,000 shares of stock outstanding that sell for $70 per share. Assuming no market imperfections or tax effects exist, what will the share price be after (6 Points) IV SMO has a three-for-seven reverse stock split? (1 Points) (Do not round intermediate calculations and round your answer to 2 decimal places). V Share Price Determine the new number of shares outstanding in parts (a) through (d) (2 Points) (Do not round intermediate calculations and round your answers to the nearest whole number). Number of Shares (a) Number of Shares (b) Number of Shares (c) Number of Shares (d) 5. Financial managers are concerned about the impact of the dividend decisions on companies values and shareholders' wealth. For the following cases show how dividend decisions impact values of companies and shareholders wealth. (ILOS: A1/B1/B3) (8 Points; as indicated)
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