q1

Stockton Mineral Operations, Incorporated, (SMO) currently has 490,000 shares of stock outstanding that sell for $50 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.) a. SMO has a five-for-three stock split? b. SMO has a 20 percent stock dividend? c. SMO has a 55.5 percent stock dividend? d. SMO has a three-for-seven reverse stock split? e. Determine the new number of shares outstanding in parts (a) through (d)