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Simmons Mineral Operations, Inc., (SMO) currently has 365,000 shares of stock outstanding that sell for $77 per share. Assuming no market imperfections or tax effects
Simmons Mineral Operations, Inc., (SMO) currently has 365,000 shares of stock outstanding that sell for $77 per share. Assuming no market imperfections or tax effects exist, a. What will the new number of shares outstanding be after: i SMO announces a share repurchase of $10,000 worth of stock. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) New shares outstanding ii. SMO has a 46.5 percent stock dividend? (Do not round intermediate calculations and round your answers to the nearest whole number, eg., 32.) New shares outstanding iii. SMO has a four-for-seven reverse stock split? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g.. 32.) New shares outstanding b. What will the new share price be after iii. SMO has a four-for-seven reverse stock split? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) New shares outstanding b. What will the new share price be after i. SMO has a five-for-two stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price ii. SMO has a 20 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price
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