Simmons Mineral Operations, Inc. (SMO), currently has 180,000 shares of stock outstanding that sell for $57 per share. Assume no market imperfections or tax effects exist.

1a.

What will the share price be after SMO has a five-for-one stock split? 1b. What will the share price be after SMO has a 15 percent stock dividend? 1c. What will the share price be after SMO has a 45 percent stock dividend? 1d. What will the share price be after SMO has a six-for-seven reverse stock split? 2a. Determine the new number of shares outstanding in requirement 1(a). 2b. Determine the new number of shares outstanding in requirement 1(b). 2c. Determine the new number of shares outstanding in requirement 1(c). 2d. Determine the new number of shares outstanding in requirement 1(d)