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PLEASE ANSWER ASAP Stockton Mineral Operations, Inc. (SMO), currently has 540,000 shares of stock outstanding that sell for $83 per share. Assuming no market imperfections
PLEASE ANSWER ASAP
Stockton Mineral Operations, Inc. (SMO), currently has 540,000 shares of stock outstanding that sell for $83 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a 5 -for-3 stock split? b. SMO has a 15 percent stock dividend? c. 5MO has a 42.5 percent stock dividend? d. SMO has a 4 -for-7 reverse stock split? Determine the new number of shares outstanding in parts (a) through (d)Step by Step Solution
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