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I need help with (A) and (E), Thanks! Simmons Mineral Operations, Inc., (SMO) currently has 435,000 shares of stock outstanding that sell for $60 per
I need help with (A) and (E), Thanks!
Simmons Mineral Operations, Inc., (SMO) currently has 435,000 shares of stock outstanding that sell for $60 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a five-for-three stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New share price 100 b. SMO has a 15 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New share price 52.17 c. SMO has a 44.5 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New share price 41.52 d. SMO has a four-for-seven reverse stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New share price 105 e. Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) a. New shares outstanding b. New shares outstanding C. New shares outstanding d. New shares outstandingStep by Step Solution
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