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I ONLY NEED THE ANSWER TO E. DO NOT NEED THE OTHER FOUR. Simmons Mineral Operations, Inc., (SMO) currently has 525,000 shares of stock outstanding
I ONLY NEED THE ANSWER TO E. DO NOT NEED THE OTHER FOUR.
Simmons Mineral Operations, Inc., (SMO) currently has 525,000 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 four-for-three stock split? New share price $ 45.00 b. SMO has a 10 percent stock dividend? New share price $ 54.55 c. SMO has a 46.5 percent stock dividend? New share price $ 40.96 d. SMO has a four-for-seven reverse stock split? New share price $ 105.00 e. Determine the new number of shares outstanding in parts (a) through (d). a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding
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